VCIT vs. FBNDX
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Fidelity Investment Grade Bond Fund (FBNDX).
VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Performance
VCIT vs. FBNDX - Performance Comparison
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VCIT vs. FBNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.45% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
FBNDX Fidelity Investment Grade Bond Fund | -0.50% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
Returns By Period
In the year-to-date period, VCIT achieves a -0.45% return, which is significantly higher than FBNDX's -0.50% return. Over the past 10 years, VCIT has outperformed FBNDX with an annualized return of 3.06%, while FBNDX has yielded a comparatively lower 2.21% annualized return.
VCIT
- 1D
- 0.55%
- 1M
- -1.98%
- YTD
- -0.45%
- 6M
- 0.69%
- 1Y
- 6.08%
- 3Y*
- 5.56%
- 5Y*
- 1.42%
- 10Y*
- 3.06%
FBNDX
- 1D
- 0.56%
- 1M
- -2.30%
- YTD
- -0.50%
- 6M
- 0.36%
- 1Y
- 3.77%
- 3Y*
- 3.56%
- 5Y*
- 0.23%
- 10Y*
- 2.21%
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VCIT vs. FBNDX - Expense Ratio Comparison
VCIT has a 0.04% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Return for Risk
VCIT vs. FBNDX — Risk / Return Rank
VCIT
FBNDX
VCIT vs. FBNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Fidelity Investment Grade Bond Fund (FBNDX). 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 | FBNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.96 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.39 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.73 | +0.34 |
Martin ratioReturn relative to average drawdown | 7.31 | 5.05 | +2.26 |
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 | FBNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.96 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.04 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.44 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.53 | +0.23 |
Correlation
The correlation between VCIT and FBNDX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VCIT vs. FBNDX - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.72%, more than FBNDX's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.72% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
Drawdowns
VCIT vs. FBNDX - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum FBNDX drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for VCIT and FBNDX.
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Drawdown Indicators
| VCIT | FBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -42.76% | +22.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.88% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.56% | -18.74% | -1.82% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -18.74% | -1.82% |
Current DrawdownCurrent decline from peak | -1.98% | -2.44% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -10.37% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.99% | -0.14% |
Volatility
VCIT vs. FBNDX - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a higher volatility of 2.07% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 1.63%. This indicates that VCIT's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIT | FBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 1.63% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 2.74% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 4.63% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 6.00% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.27% | 5.00% | +1.27% |