VCIT vs. FRDM
VCIT (Vanguard Intermediate-Term Corporate Bond ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both exchange-traded funds - VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Both are passively managed. Over the past 5 years, VCIT returned 1.11%/yr vs 18.68%/yr for FRDM. At a 0.24 correlation, their price movements are largely independent. VCIT charges 0.03%/yr vs 0.49%/yr for FRDM.
Performance
VCIT vs. FRDM - Performance Comparison
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Returns By Period
In the year-to-date period, VCIT achieves a 0.41% return, which is significantly lower than FRDM's 40.13% return.
VCIT
- 1D
- -0.07%
- 1M
- 0.40%
- YTD
- 0.41%
- 6M
- 0.89%
- 1Y
- 6.00%
- 3Y*
- 6.37%
- 5Y*
- 1.11%
- 10Y*
- 2.93%
FRDM
- 1D
- 0.49%
- 1M
- 4.97%
- YTD
- 40.13%
- 6M
- 46.37%
- 1Y
- 87.32%
- 3Y*
- 34.29%
- 5Y*
- 18.68%
- 10Y*
- —
VCIT vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.41% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 7.37% |
FRDM Freedom 100 Emerging Markets ETF | 40.13% | 61.27% | 1.70% | 22.77% | -14.45% | 6.13% | 16.90% | 12.23% |
Correlation
The correlation between VCIT and FRDM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 23, 2019 | 0.24 |
The correlation between VCIT and FRDM shifts across timeframes, from 0.24 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VCIT vs. FRDM — Risk / Return Rank
VCIT
FRDM
VCIT vs. FRDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Freedom 100 Emerging Markets ETF (FRDM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VCIT | FRDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.54 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 5.02 | -3.14 |
| Martin ratioReturn relative to average drawdown | 6.07 | 19.36 | -13.29 |
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Drawdowns
VCIT vs. FRDM - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for VCIT and FRDM.
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Drawdown Indicators
| VCIT | FRDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -40.49% | +19.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -16.87% | +13.91% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -16.87% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.56% | -29.25% | +8.69% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | — | — |
Current DrawdownCurrent decline from peak | -1.13% | -4.36% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -7.09% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 4.37% | -3.45% |
Volatility
VCIT vs. FRDM - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is 1.48%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 14.27%. This indicates that VCIT experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIT | FRDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 14.27% | -12.79% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 24.39% | -21.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 26.86% | -22.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 21.35% | -14.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 23.09% | -16.81% |
VCIT vs. FRDM - Expense Ratio Comparison
VCIT has a 0.03% expense ratio, which is lower than FRDM's 0.49% expense ratio.
Dividends
VCIT vs. FRDM - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.79%, more than FRDM's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRDM Freedom 100 Emerging Markets ETF | 1.56% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.79% | 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 FRDM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRDM has higher volatility (14.27%) compared to VCIT (1.48%). In terms of maximum drawdown, VCIT dropped -20.56% vs FRDM's -40.49%.
On 5-year performance, FRDM leads with 18.68% vs 1.11% for VCIT. On fees, VCIT is cheaper at 0.03% per year. On volatility, VCIT has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FRDM has performed better with a 18.68% return vs 1.11%. 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 0.49% for FRDM.
VCIT has the higher dividend yield at 4.79%, compared with 1.56% for FRDM.
VCIT is categorized as Corporate Bonds, while FRDM is Emerging Markets Diversified. VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index, while FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index. They also come from different issuers: Vanguard and Freedom Funds. Their fees differ too: 0.03% for VCIT and 0.49% for FRDM.
FRDM currently has the higher Sharpe Ratio (3.15 vs 1.36), 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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