VCIT vs. SPIB
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB).
VCIT and SPIB 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. SPIB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate. It was launched on Feb 10, 2009. Both VCIT and SPIB 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 SPIB.
Key characteristics
| VCIT | SPIB | |
|---|---|---|
| YTD Return | -2.17% | -0.81% |
| 1Y Return | 1.70% | 2.94% |
| 3Y Return (Ann) | -2.48% | -1.22% |
| 5Y Return (Ann) | 1.25% | 1.57% |
| 10Y Return (Ann) | 2.42% | 2.17% |
| Sharpe Ratio | 0.34 | 0.73 |
| Daily Std Dev | 7.06% | 4.68% |
| Max Drawdown | -20.56% | -14.94% |
| Current Drawdown | -10.12% | -5.35% |
Correlation
The correlation between VCIT and SPIB 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.
Performance
VCIT vs. SPIB - Performance Comparison
In the year-to-date period, VCIT achieves a -2.17% return, which is significantly lower than SPIB's -0.81% return. Over the past 10 years, VCIT has outperformed SPIB with an annualized return of 2.42%, while SPIB has yielded a comparatively lower 2.17% 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. SPIB - Expense Ratio Comparison
VCIT has a 0.04% expense ratio, which is lower than SPIB's 0.07% 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. SPIB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). 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. SPIB - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.03%, less than SPIB's 4.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.03% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.10% | 3.84% | 2.65% | 1.58% | 2.18% | 3.03% | 3.03% | 2.79% | 2.68% | 2.69% | 2.65% | 3.04% |
Drawdowns
VCIT vs. SPIB - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, which is greater than SPIB's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for VCIT and SPIB. For additional features, visit the drawdowns tool.
Volatility
VCIT vs. SPIB - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a higher volatility of 1.89% compared to SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) at 1.27%. This indicates that VCIT's price experiences larger fluctuations and is considered to be riskier than SPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.