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VCIT vs. VTEB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VCIT and VTEB 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.


-0.50.00.51.0
Correlation: 0.0

Performance

VCIT vs. VTEB - Performance Comparison

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

20.00%25.00%30.00%35.00%NovemberDecember2025FebruaryMarchApril
33.64%
20.54%
VCIT
VTEB

Key characteristics

Sharpe Ratio

VCIT:

1.47

VTEB:

0.16

Sortino Ratio

VCIT:

2.13

VTEB:

0.23

Omega Ratio

VCIT:

1.26

VTEB:

1.03

Calmar Ratio

VCIT:

0.77

VTEB:

0.16

Martin Ratio

VCIT:

4.90

VTEB:

0.53

Ulcer Index

VCIT:

1.68%

VTEB:

1.39%

Daily Std Dev

VCIT:

5.58%

VTEB:

4.72%

Max Drawdown

VCIT:

-20.56%

VTEB:

-17.00%

Current Drawdown

VCIT:

-3.06%

VTEB:

-3.49%

Returns By Period

In the year-to-date period, VCIT achieves a 2.23% return, which is significantly higher than VTEB's -1.92% return.


VCIT

YTD

2.23%

1M

-0.01%

6M

1.42%

1Y

8.24%

5Y*

1.16%

10Y*

2.61%

VTEB

YTD

-1.92%

1M

-1.39%

6M

-1.44%

1Y

0.86%

5Y*

0.91%

10Y*

N/A

*Annualized

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VCIT vs. VTEB - Expense Ratio Comparison

VCIT has a 0.04% expense ratio, which is lower than VTEB's 0.05% 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%.


Expense ratio chart for VTEB: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VTEB: 0.05%
Expense ratio chart for VCIT: current value is 0.04%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VCIT: 0.04%

Risk-Adjusted Performance

VCIT vs. VTEB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VCIT
The Risk-Adjusted Performance Rank of VCIT is 8686
Overall Rank
The Sharpe Ratio Rank of VCIT is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of VCIT is 9090
Sortino Ratio Rank
The Omega Ratio Rank of VCIT is 8888
Omega Ratio Rank
The Calmar Ratio Rank of VCIT is 7878
Calmar Ratio Rank
The Martin Ratio Rank of VCIT is 8484
Martin Ratio Rank

VTEB
The Risk-Adjusted Performance Rank of VTEB is 3333
Overall Rank
The Sharpe Ratio Rank of VTEB is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEB is 2929
Sortino Ratio Rank
The Omega Ratio Rank of VTEB is 2929
Omega Ratio Rank
The Calmar Ratio Rank of VTEB is 3838
Calmar Ratio Rank
The Martin Ratio Rank of VTEB is 3535
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VCIT vs. VTEB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.


The chart of Sharpe ratio for VCIT, currently valued at 1.47, compared to the broader market-1.000.001.002.003.004.00
VCIT: 1.47
VTEB: 0.16
The chart of Sortino ratio for VCIT, currently valued at 2.13, compared to the broader market-2.000.002.004.006.008.00
VCIT: 2.13
VTEB: 0.23
The chart of Omega ratio for VCIT, currently valued at 1.26, compared to the broader market0.501.001.502.002.50
VCIT: 1.26
VTEB: 1.03
The chart of Calmar ratio for VCIT, currently valued at 0.77, compared to the broader market0.002.004.006.008.0010.0012.00
VCIT: 0.77
VTEB: 0.16
The chart of Martin ratio for VCIT, currently valued at 4.90, compared to the broader market0.0020.0040.0060.00
VCIT: 4.90
VTEB: 0.53

The current VCIT Sharpe Ratio is 1.47, which is higher than the VTEB Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of VCIT and VTEB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
1.47
0.16
VCIT
VTEB

Dividends

VCIT vs. VTEB - Dividend Comparison

VCIT's dividend yield for the trailing twelve months is around 4.47%, more than VTEB's 3.26% yield.


TTM20242023202220212020201920182017201620152014
VCIT
Vanguard Intermediate-Term Corporate Bond ETF
4.47%4.43%3.72%3.03%2.87%2.78%3.37%3.61%3.21%3.29%3.34%3.34%
VTEB
Vanguard Tax-Exempt Bond ETF
3.26%3.14%2.79%2.09%1.65%1.99%2.30%2.25%1.96%1.66%0.58%0.00%

Drawdowns

VCIT vs. VTEB - Drawdown Comparison

The maximum VCIT drawdown since its inception was -20.56%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VCIT and VTEB. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-3.06%
-3.49%
VCIT
VTEB

Volatility

VCIT vs. VTEB - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is 2.81%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 3.08%. This indicates that VCIT experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%NovemberDecember2025FebruaryMarchApril
2.81%
3.08%
VCIT
VTEB