VCIT vs. VGIT
VCIT (Vanguard Intermediate-Term Corporate Bond ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index, while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, VCIT returned 2.87%/yr vs 1.14%/yr for VGIT. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.03% expense ratio.
Performance
VCIT vs. VGIT - Performance Comparison
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Returns By Period
In the year-to-date period, VCIT achieves a 0.31% return, which is significantly higher than VGIT's -0.39% return. Over the past 10 years, VCIT has outperformed VGIT with an annualized return of 2.87%, while VGIT has yielded a comparatively lower 1.14% annualized return.
VCIT
- 1D
- 0.10%
- 1M
- 0.60%
- YTD
- 0.31%
- 6M
- 0.47%
- 1Y
- 5.17%
- 3Y*
- 6.09%
- 5Y*
- 1.14%
- 10Y*
- 2.87%
VGIT
- 1D
- 0.12%
- 1M
- 0.38%
- YTD
- -0.39%
- 6M
- -0.22%
- 1Y
- 2.74%
- 3Y*
- 3.56%
- 5Y*
- 0.11%
- 10Y*
- 1.14%
VCIT vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.31% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.39% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | 1.70% |
Correlation
The correlation between VCIT and VGIT is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.81 |
The correlation between VCIT and VGIT shifts across timeframes, from 0.81 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VCIT vs. VGIT — Risk / Return Rank
VCIT
VGIT
VCIT vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VCIT | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.14 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.97 | +0.79 |
| Martin ratioReturn relative to average drawdown | 5.56 | 2.61 | +2.95 |
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Drawdowns
VCIT vs. VGIT - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for VCIT and VGIT.
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Drawdown Indicators
| VCIT | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -16.05% | -4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -2.83% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -4.34% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.56% | -15.02% | -5.54% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -16.05% | -4.51% |
Current DrawdownCurrent decline from peak | -1.22% | -2.32% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -3.51% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.05% | -0.12% |
Volatility
VCIT vs. VGIT - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a higher volatility of 1.24% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.10%. This indicates that VCIT's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIT | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.10% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 2.47% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 3.38% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 5.39% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.29% | 4.50% | +1.79% |
VCIT vs. VGIT - Expense Ratio Comparison
Both VCIT and VGIT have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VCIT vs. VGIT - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.80%, more than VGIT's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.80% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.86% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
With a correlation of 0.91, VCIT and VGIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VCIT has higher volatility (1.24%) compared to VGIT (1.10%). In terms of maximum drawdown, VCIT dropped -20.56% vs VGIT's -16.05%.
On 10-year performance, VCIT leads with 2.87% vs 1.14% for VGIT. Both ETFs have the same 0.03% expense ratio. On volatility, VGIT has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VCIT has performed better with a 2.87% return vs 1.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT and VGIT have the same expense ratio: 0.03% per year.
VCIT has the higher dividend yield at 4.80%, compared with 3.86% for VGIT.
VCIT is categorized as Corporate Bonds, while VGIT is Government Bonds. VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index, while VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index.
VCIT currently has the higher Sharpe Ratio (1.27 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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