VCIT vs. IJK
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and iShares S&P MidCap 400 Growth ETF (IJK).
VCIT and IJK 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. IJK is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400/Citigroup Growth Index. It was launched on Jul 24, 2000. Both VCIT and IJK 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 IJK.
Key characteristics
| VCIT | IJK | |
|---|---|---|
| YTD Return | -2.50% | 10.00% |
| 1Y Return | 2.08% | 24.44% |
| 3Y Return (Ann) | -2.55% | 2.42% |
| 5Y Return (Ann) | 1.12% | 9.99% |
| 10Y Return (Ann) | 2.46% | 10.05% |
| Sharpe Ratio | 0.23 | 1.71 |
| Daily Std Dev | 7.09% | 15.27% |
| Max Drawdown | -20.56% | -54.47% |
| Current Drawdown | -10.42% | -4.66% |
Correlation
The correlation between VCIT and IJK is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VCIT vs. IJK - Performance Comparison
In the year-to-date period, VCIT achieves a -2.50% return, which is significantly lower than IJK's 10.00% return. Over the past 10 years, VCIT has underperformed IJK with an annualized return of 2.46%, while IJK has yielded a comparatively higher 10.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VCIT vs. IJK - Expense Ratio Comparison
VCIT has a 0.04% expense ratio, which is lower than IJK's 0.24% 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%.
Risk-Adjusted Performance
VCIT vs. IJK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and iShares S&P MidCap 400 Growth ETF (IJK). 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. IJK - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.05%, more than IJK's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.05% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
IJK iShares S&P MidCap 400 Growth ETF | 0.97% | 1.13% | 1.08% | 0.50% | 0.70% | 1.09% | 1.13% | 0.93% | 1.15% | 1.12% | 0.91% | 0.88% |
Drawdowns
VCIT vs. IJK - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum IJK drawdown of -54.47%. Use the drawdown chart below to compare losses from any high point for VCIT and IJK. For additional features, visit the drawdowns tool.
Volatility
VCIT vs. IJK - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is 1.84%, while iShares S&P MidCap 400 Growth ETF (IJK) has a volatility of 3.89%. This indicates that VCIT experiences smaller price fluctuations and is considered to be less risky than IJK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.