VCIT vs. VWEHX
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
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. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
VCIT vs. VWEHX - Performance Comparison
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VCIT vs. VWEHX - 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | -1.70% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Returns By Period
In the year-to-date period, VCIT achieves a -0.45% return, which is significantly higher than VWEHX's -1.70% return. Over the past 10 years, VCIT has underperformed VWEHX with an annualized return of 3.06%, while VWEHX has yielded a comparatively higher 5.12% 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%
VWEHX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.70%
- 6M
- 0.00%
- 1Y
- 5.88%
- 3Y*
- 7.35%
- 5Y*
- 3.81%
- 10Y*
- 5.12%
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VCIT vs. VWEHX - Expense Ratio Comparison
VCIT has a 0.04% expense ratio, which is lower than VWEHX's 0.23% 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. VWEHX — Risk / Return Rank
VCIT
VWEHX
VCIT vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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 | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.90 | -0.64 |
Sortino ratioReturn per unit of downside risk | 1.76 | 2.84 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.46 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.48 | -0.40 |
Martin ratioReturn relative to average drawdown | 7.31 | 10.27 | -2.97 |
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 | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.90 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.79 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.98 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.86 | -0.11 |
Correlation
The correlation between VCIT and VWEHX is 0.29, 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.
Dividends
VCIT vs. VWEHX - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.72%, less than VWEHX's 5.81% 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.81% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Drawdowns
VCIT vs. VWEHX - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for VCIT and VWEHX.
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Drawdown Indicators
| VCIT | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -30.17% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.52% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.56% | -13.83% | -6.73% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -19.69% | -0.87% |
Current DrawdownCurrent decline from peak | -1.98% | -2.34% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -4.31% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.61% | +0.24% |
Volatility
VCIT vs. VWEHX - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a higher volatility of 2.07% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 1.23%. This indicates that VCIT's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIT | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 1.23% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 2.24% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 3.42% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 4.85% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.27% | 5.26% | +1.01% |