VCPIX vs. VTIVX
Compare and contrast key facts about Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and Vanguard Target Retirement 2045 Fund (VTIVX).
VCPIX is managed by Vanguard. It was launched on Oct 25, 2021. VTIVX is managed by Vanguard. It was launched on Oct 27, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCPIX or VTIVX.
Key characteristics
| VCPIX | VTIVX | |
|---|---|---|
| YTD Return | 2.74% | 15.68% |
| 1Y Return | 9.58% | 26.18% |
| 3Y Return (Ann) | -1.44% | 4.34% |
| Sharpe Ratio | 1.73 | 2.60 |
| Sortino Ratio | 2.56 | 3.63 |
| Omega Ratio | 1.31 | 1.48 |
| Calmar Ratio | 0.72 | 2.55 |
| Martin Ratio | 6.94 | 17.33 |
| Ulcer Index | 1.38% | 1.51% |
| Daily Std Dev | 5.53% | 10.07% |
| Max Drawdown | -17.33% | -51.69% |
| Current Drawdown | -5.01% | -0.84% |
Correlation
The correlation between VCPIX and VTIVX 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.
Performance
VCPIX vs. VTIVX - Performance Comparison
In the year-to-date period, VCPIX achieves a 2.74% return, which is significantly lower than VTIVX's 15.68% 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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VCPIX vs. VTIVX - Expense Ratio Comparison
VCPIX has a 0.30% expense ratio, which is higher than VTIVX's 0.08% expense ratio.
Risk-Adjusted Performance
VCPIX vs. VTIVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and Vanguard Target Retirement 2045 Fund (VTIVX). 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
VCPIX vs. VTIVX - Dividend Comparison
VCPIX's dividend yield for the trailing twelve months is around 4.73%, more than VTIVX's 1.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCPIX Vanguard Core-Plus Bond Fund Investor Shares | 4.73% | 4.48% | 3.16% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIVX Vanguard Target Retirement 2045 Fund | 1.97% | 2.28% | 2.13% | 2.22% | 1.60% | 2.23% | 2.39% | 1.90% | 1.99% | 2.17% | 2.05% | 1.88% |
Drawdowns
VCPIX vs. VTIVX - Drawdown Comparison
The maximum VCPIX drawdown since its inception was -17.33%, smaller than the maximum VTIVX drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for VCPIX and VTIVX. For additional features, visit the drawdowns tool.
Volatility
VCPIX vs. VTIVX - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) is 1.56%, while Vanguard Target Retirement 2045 Fund (VTIVX) has a volatility of 2.79%. This indicates that VCPIX experiences smaller price fluctuations and is considered to be less risky than VTIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.