VFICX vs. BND
Compare and contrast key facts about Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Vanguard Total Bond Market ETF (BND).
VFICX is managed by Vanguard. It was launched on Nov 1, 1993. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VFICX vs. BND - Performance Comparison
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VFICX vs. BND - 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% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, VFICX achieves a -1.00% return, which is significantly lower than BND's 0.09% return. Over the past 10 years, VFICX has outperformed BND with an annualized return of 2.69%, while BND has yielded a comparatively lower 1.68% 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%
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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VFICX vs. BND - Expense Ratio Comparison
VFICX has a 0.20% expense ratio, which is higher than BND'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. BND — Risk / Return Rank
VFICX
BND
VFICX vs. BND - 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 Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.93 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.32 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.75 | +0.08 |
Martin ratioReturn relative to average drawdown | 6.55 | 4.78 | +1.77 |
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 | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.93 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.04 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.30 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.59 | +0.38 |
Correlation
The correlation between VFICX and BND is 0.86, 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. BND - Dividend Comparison
VFICX's dividend yield for the trailing twelve months is around 4.54%, more than BND's 3.93% 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% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
VFICX vs. BND - Drawdown Comparison
The maximum VFICX drawdown since its inception was -20.24%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VFICX and BND.
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Drawdown Indicators
| VFICX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.24% | -18.58% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -2.44% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -17.91% | -2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -20.24% | -18.58% | -1.66% |
Current DrawdownCurrent decline from peak | -2.45% | -2.54% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -3.07% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.90% | +0.03% |
Volatility
VFICX vs. BND - Volatility Comparison
Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) has a higher volatility of 1.77% compared to Vanguard Total Bond Market ETF (BND) at 1.63%. This indicates that VFICX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFICX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.63% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.52% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 4.30% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.00% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 5.52% | -0.36% |