VFICX vs. BIV
Compare and contrast key facts about Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Vanguard Intermediate-Term Bond Index ETF (BIV).
VFICX is managed by Vanguard. It was launched on Nov 1, 1993. BIV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. It was launched on Apr 3, 2007.
Performance
VFICX vs. BIV - Performance Comparison
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VFICX vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | -1.00% | 9.55% | 3.21% | 8.53% | -13.86% | -1.59% | 10.33% | 10.39% | -0.56% | 4.17% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.23% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 9.67% | 10.34% | -0.19% | 3.65% |
Returns By Period
In the year-to-date period, VFICX achieves a -1.00% return, which is significantly lower than BIV's -0.23% return. Over the past 10 years, VFICX has outperformed BIV with an annualized return of 2.69%, while BIV has yielded a comparatively lower 2.04% annualized return.
VFICX
- 1D
- 0.46%
- 1M
- -2.01%
- YTD
- -1.00%
- 6M
- -0.01%
- 1Y
- 5.33%
- 3Y*
- 5.38%
- 5Y*
- 1.31%
- 10Y*
- 2.69%
BIV
- 1D
- 0.00%
- 1M
- -1.57%
- YTD
- -0.23%
- 6M
- 0.54%
- 1Y
- 4.69%
- 3Y*
- 3.99%
- 5Y*
- 0.54%
- 10Y*
- 2.04%
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VFICX vs. BIV - Expense Ratio Comparison
VFICX has a 0.20% expense ratio, which is higher than BIV's 0.03% expense ratio. However, 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
VFICX vs. BIV — Risk / Return Rank
VFICX
BIV
VFICX vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| VFICX | BIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.04 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.50 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.74 | +0.09 |
Martin ratioReturn relative to average drawdown | 6.55 | 5.57 | +0.98 |
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
| VFICX | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.04 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.09 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.37 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.65 | +0.32 |
Correlation
The correlation between VFICX and BIV is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VFICX vs. BIV - Dividend Comparison
VFICX's dividend yield for the trailing twelve months is around 4.54%, more than BIV's 4.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | 4.54% | 4.81% | 4.57% | 3.81% | 3.09% | 3.53% | 5.70% | 3.03% | 3.20% | 2.96% | 3.84% | 3.54% |
BIV Vanguard Intermediate-Term Bond Index ETF | 4.14% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
Drawdowns
VFICX vs. BIV - Drawdown Comparison
The maximum VFICX drawdown since its inception was -20.24%, which is greater than BIV's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for VFICX and BIV.
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Drawdown Indicators
| VFICX | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.24% | -18.95% | -1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -2.87% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -18.74% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -20.24% | -18.95% | -1.29% |
Current DrawdownCurrent decline from peak | -2.45% | -2.03% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -3.40% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.90% | +0.03% |
Volatility
VFICX vs. BIV - Volatility Comparison
Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Vanguard Intermediate-Term Bond Index ETF (BIV) have volatilities of 1.77% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFICX | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.77% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.74% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 4.55% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.39% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 5.50% | -0.34% |