VCIT vs. GVI
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and iShares Intermediate Government/Credit Bond ETF (GVI).
VCIT and GVI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GVI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Intermediate Government/Credit Bond Index. It was launched on Jan 11, 2007. Both VCIT and GVI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCIT or GVI.
Performance
VCIT vs. GVI - Performance Comparison
Returns By Period
In the year-to-date period, VCIT achieves a 3.39% return, which is significantly higher than GVI's 2.69% return. Over the past 10 years, VCIT has outperformed GVI with an annualized return of 2.78%, while GVI has yielded a comparatively lower 1.52% annualized return.
VCIT
3.39%
-1.45%
3.95%
9.22%
0.94%
2.78%
GVI
2.69%
-0.95%
3.02%
5.77%
0.65%
1.52%
Key characteristics
| VCIT | GVI | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.60 |
| Sortino Ratio | 2.48 | 2.40 |
| Omega Ratio | 1.29 | 1.29 |
| Calmar Ratio | 0.72 | 0.66 |
| Martin Ratio | 6.65 | 5.78 |
| Ulcer Index | 1.41% | 0.99% |
| Daily Std Dev | 5.64% | 3.58% |
| Max Drawdown | -20.56% | -12.93% |
| Current Drawdown | -5.01% | -3.36% |
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VCIT vs. GVI - Expense Ratio Comparison
VCIT has a 0.04% expense ratio, which is lower than GVI's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VCIT and GVI is 0.81, 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.
Risk-Adjusted Performance
VCIT vs. GVI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and iShares Intermediate Government/Credit Bond ETF (GVI). 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.
Dividends
VCIT vs. GVI - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.30%, more than GVI's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.30% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
GVI iShares Intermediate Government/Credit Bond ETF | 3.32% | 2.75% | 1.86% | 1.46% | 1.84% | 2.29% | 2.16% | 1.91% | 1.77% | 1.75% | 1.72% | 1.77% |
Drawdowns
VCIT vs. GVI - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, which is greater than GVI's maximum drawdown of -12.93%. Use the drawdown chart below to compare losses from any high point for VCIT and GVI. For additional features, visit the drawdowns tool.
Volatility
VCIT vs. GVI - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a higher volatility of 1.76% compared to iShares Intermediate Government/Credit Bond ETF (GVI) at 0.91%. This indicates that VCIT's price experiences larger fluctuations and is considered to be riskier than GVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.