VFICX vs. VCIT
Compare and contrast key facts about Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
VFICX is managed by Vanguard. It was launched on Nov 1, 1993. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFICX or VCIT.
Key characteristics
| VFICX | VCIT | |
|---|---|---|
| YTD Return | 3.13% | 3.27% |
| 1Y Return | 9.39% | 9.60% |
| 3Y Return (Ann) | -1.45% | -1.04% |
| 5Y Return (Ann) | 0.16% | 0.99% |
| 10Y Return (Ann) | 1.71% | 2.77% |
| Sharpe Ratio | 1.85 | 1.91 |
| Sortino Ratio | 2.80 | 2.89 |
| Omega Ratio | 1.34 | 1.34 |
| Calmar Ratio | 0.66 | 0.81 |
| Martin Ratio | 7.58 | 8.09 |
| Ulcer Index | 1.45% | 1.37% |
| Daily Std Dev | 5.94% | 5.83% |
| Max Drawdown | -22.68% | -20.56% |
| Current Drawdown | -8.30% | -5.12% |
Correlation
The correlation between VFICX and VCIT is 0.85, 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.
Performance
VFICX vs. VCIT - Performance Comparison
The year-to-date returns for both investments are quite close, with VFICX having a 3.13% return and VCIT slightly higher at 3.27%. Over the past 10 years, VFICX has underperformed VCIT with an annualized return of 1.71%, while VCIT has yielded a comparatively higher 2.77% annualized 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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VFICX vs. VCIT - Expense Ratio Comparison
VFICX has a 0.20% expense ratio, which is higher than VCIT's 0.04% 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%.
Risk-Adjusted Performance
VFICX vs. VCIT - Risk-Adjusted Performance 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 Corporate Bond ETF (VCIT). 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
VFICX vs. VCIT - Dividend Comparison
VFICX's dividend yield for the trailing twelve months is around 4.45%, more than VCIT's 4.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | 4.45% | 3.81% | 3.09% | 2.26% | 2.51% | 3.04% | 3.21% | 2.80% | 2.87% | 3.08% | 3.16% | 3.27% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.30% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
VFICX vs. VCIT - Drawdown Comparison
The maximum VFICX drawdown since its inception was -22.68%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VFICX and VCIT. For additional features, visit the drawdowns tool.
Volatility
VFICX vs. VCIT - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) is 1.64%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.81%. This indicates that VFICX experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.