PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VCIT vs. HYGI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VCIT vs. HYGI

Last updated Jun 9, 2026

VCIT (Vanguard Intermediate-Term Corporate Bond ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index, while HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. At a 0.50 correlation, their price movements are largely independent. VCIT charges 0.03%/yr vs 0.52%/yr for HYGI.

Performance

VCIT vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

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%

HYGI

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VCIT vs. HYGI - Yearly Performance Comparison

2026 (YTD)2025202420232022
VCIT
Vanguard Intermediate-Term Corporate Bond ETF		-0.26%9.34%3.20%8.98%-1.33%
HYGI
iShares Inflation Hedged High Yield Bond ETF		0.00%6.20%9.16%11.71%0.65%

Correlation

The correlation between VCIT and HYGI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Jun 27, 2022

0.50

Over the past year, the correlation between VCIT and HYGI has dropped to 0.24 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Intermediate-Term Corporate Bond ETF

iShares Inflation Hedged High Yield Bond ETF

Often compared with VCIT:
VCIT vs. BNDVCIT vs. LQDVCIT vs. IGIBVCIT vs. VTCVCIT vs. VCLTVCIT vs. SPIBVCIT vs. VTEB
Often compared with HYGI:
HYGI vs. HYGHYGI vs. SHYGHYGI vs. SHVHYGI vs. AGGHYGI vs. FIPDXHYGI vs. SPHYHYGI vs. LNG

Return for Risk

VCIT vs. HYGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VCIT
VCIT Risk / Return Rank: 4646
Overall Rank
VCIT Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
VCIT Sortino Ratio Rank: 4949
Sortino Ratio Rank
VCIT Omega Ratio Rank: 4646
Omega Ratio Rank
VCIT Calmar Ratio Rank: 4545
Calmar Ratio Rank
VCIT Martin Ratio Rank: 4444
Martin Ratio Rank
HYGI
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VCIT vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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.

VCITHYGIDifference
Sharpe ratioReturn per unit of total volatility
1.48

—

—

Sortino ratioReturn per unit of downside risk
2.17

—

—

Omega ratioGain probability vs. loss probability

1.26

—

—

Calmar ratioReturn relative to maximum drawdown

2.03

—

—

Martin ratioReturn relative to average drawdown

6.67

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCIT vs. HYGI - Sharpe Ratio Comparison

Loading charts...

Sharpe Ratios by Period

VCITHYGIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.48

—

—

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

—

—

Drawdowns

VCIT vs. HYGI - Drawdown Comparison

Loading charts...

Drawdown Indicators

VCITHYGIDifference

Max Drawdown

Largest peak-to-trough decline

-20.56%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-2.96%

—

—

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 Drawdown

Current decline from peak

-1.79%

—

—

Average Drawdown

Average peak-to-trough decline

-3.16%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.90%

—

—

Volatility

VCIT vs. HYGI - Volatility Comparison

Loading charts...

Volatility by Period

VCITHYGIDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.39%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

3.10%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

4.07%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.61%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.28%

—

—

VCIT vs. HYGI - Expense Ratio Comparison

VCIT has a 0.03% expense ratio, which is lower than HYGI's 0.52% expense ratio.

Dividends

VCIT vs. HYGI - Dividend Comparison

VCIT's dividend yield for the trailing twelve months is around 4.82%, while HYGI has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HYGI
iShares Inflation Hedged High Yield Bond ETF		0.97%3.41%6.08%6.22%3.19%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 HYGI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VCIT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VCIT is cheaper with a 0.03% expense ratio, compared with 0.52% for HYGI.

VCIT has the higher dividend yield at 4.82%, compared with 0.97% for HYGI.

VCIT is categorized as Corporate Bonds, while HYGI is Inflation-Protected Bonds. VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for VCIT and 0.52% for HYGI.

Portfolio Optimizer

Find the right allocation for VCIT and HYGI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer