VCIT vs. VCITX
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX).
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. VCITX is managed by Vanguard. It was launched on Apr 7, 1986.
Performance
VCIT vs. VCITX - Performance Comparison
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VCIT vs. VCITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.45% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | -1.00% | 4.90% | 2.66% | 7.51% | -10.06% | 1.46% | 5.60% | 8.81% | 0.67% | 6.82% |
Returns By Period
In the year-to-date period, VCIT achieves a -0.45% return, which is significantly higher than VCITX's -1.00% return. Over the past 10 years, VCIT has outperformed VCITX with an annualized return of 3.06%, while VCITX has yielded a comparatively lower 2.40% annualized return.
VCIT
- 1D
- 0.55%
- 1M
- -1.98%
- YTD
- -0.45%
- 6M
- 0.69%
- 1Y
- 6.08%
- 3Y*
- 5.56%
- 5Y*
- 1.42%
- 10Y*
- 3.06%
VCITX
- 1D
- 0.27%
- 1M
- -3.17%
- YTD
- -1.00%
- 6M
- 0.86%
- 1Y
- 4.03%
- 3Y*
- 3.63%
- 5Y*
- 1.10%
- 10Y*
- 2.40%
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VCIT vs. VCITX - Expense Ratio Comparison
VCIT has a 0.04% expense ratio, which is lower than VCITX's 0.17% 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%.
Return for Risk
VCIT vs. VCITX — Risk / Return Rank
VCIT
VCITX
VCIT vs. VCITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX). 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.
| VCIT | VCITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.89 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.21 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 0.97 | +1.10 |
Martin ratioReturn relative to average drawdown | 7.31 | 2.95 | +4.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCIT | VCITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.89 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.25 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.53 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.01 | -0.26 |
Correlation
The correlation between VCIT and VCITX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VCIT vs. VCITX - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.72%, more than VCITX's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.72% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.58% | 4.34% | 3.85% | 2.99% | 2.66% | 2.56% | 3.21% | 3.16% | 3.32% | 3.22% | 3.45% | 3.50% |
Drawdowns
VCIT vs. VCITX - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum VCITX drawdown of -22.71%. Use the drawdown chart below to compare losses from any high point for VCIT and VCITX.
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Drawdown Indicators
| VCIT | VCITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -22.71% | +2.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -5.34% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.56% | -15.79% | -4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -15.79% | -4.77% |
Current DrawdownCurrent decline from peak | -1.98% | -3.17% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -2.58% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.76% | -0.91% |
Volatility
VCIT vs. VCITX - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a higher volatility of 2.07% compared to Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) at 1.26%. This indicates that VCIT's price experiences larger fluctuations and is considered to be riskier than VCITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIT | VCITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 1.26% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 1.96% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 5.43% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 4.51% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.27% | 4.54% | +1.73% |