VCIT vs. EUAD
VCIT (Vanguard Intermediate-Term Corporate Bond ETF) and EUAD (Select STOXX Europe Aerospace & Defense ETF) are both exchange-traded funds - VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index, while EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index. Both are passively managed. Over the past year, VCIT returned 5.98% vs -1.29% for EUAD. At a 0.22 correlation, their price movements are largely independent. VCIT charges 0.03%/yr vs 0.50%/yr for EUAD.
Performance
VCIT vs. EUAD - Performance Comparison
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Returns By Period
In the year-to-date period, VCIT achieves a -0.26% return, which is significantly higher than EUAD's -4.49% return.
VCIT
- 1D
- -0.01%
- 1M
- -0.79%
- YTD
- -0.26%
- 6M
- 0.06%
- 1Y
- 5.98%
- 3Y*
- 6.04%
- 5Y*
- 1.04%
- 10Y*
- 2.85%
EUAD
- 1D
- 0.00%
- 1M
- -1.88%
- YTD
- -4.49%
- 6M
- -3.71%
- 1Y
- -1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VCIT vs. EUAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.26% | 9.34% | -0.89% |
EUAD Select STOXX Europe Aerospace & Defense ETF | -4.49% | 74.51% | -3.62% |
Correlation
The correlation between VCIT and EUAD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | 0.22 |
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Return for Risk
VCIT vs. EUAD — Risk / Return Rank
VCIT
EUAD
VCIT vs. EUAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Select STOXX Europe Aerospace & Defense ETF (EUAD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VCIT | EUAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.02 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.06 | +2.09 |
| Martin ratioReturn relative to average drawdown | 6.67 | -0.14 | +6.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCIT | EUAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | -0.04 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.15 | -0.40 |
Drawdowns
VCIT vs. EUAD - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum EUAD drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for VCIT and EUAD.
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Drawdown Indicators
| VCIT | EUAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -22.04% | +1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -22.04% | +19.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | — | — |
Current DrawdownCurrent decline from peak | -1.79% | -16.65% | +14.86% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -5.70% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 9.14% | -8.24% |
Volatility
VCIT vs. EUAD - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is 1.39%, while Select STOXX Europe Aerospace & Defense ETF (EUAD) has a volatility of 9.32%. This indicates that VCIT experiences smaller price fluctuations and is considered to be less risky than EUAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIT | EUAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 9.32% | -7.93% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 24.23% | -21.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 29.23% | -25.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 29.79% | -23.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 29.79% | -23.51% |
VCIT vs. EUAD - Expense Ratio Comparison
VCIT has a 0.03% expense ratio, which is lower than EUAD's 0.50% expense ratio.
Dividends
VCIT vs. EUAD - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.82%, more than EUAD's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.42% | 0.40% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.82% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
VCIT and EUAD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUAD has higher volatility (9.32%) compared to VCIT (1.39%). In terms of maximum drawdown, VCIT dropped -20.56% vs EUAD's -22.04%.
On 1-year performance, VCIT leads with 5.98% vs -1.29% for EUAD. On fees, VCIT is cheaper at 0.03% per year. On volatility, VCIT has been the lower-risk option at 1.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VCIT has performed better with a 5.98% return vs -1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.50% for EUAD.
VCIT has the higher dividend yield at 4.82%, compared with 0.42% for EUAD.
VCIT is categorized as Corporate Bonds, while EUAD is Aerospace & Defense. VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index, while EUAD tracks STOXX Europe Total Market Aerospace & Defense Index. They also come from different issuers: Vanguard and Select Funds. Their fees differ too: 0.03% for VCIT and 0.50% for EUAD.
VCIT currently has the higher Sharpe Ratio (1.48 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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