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.
Performance
VFICX vs. VCIT - Performance Comparison
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VFICX vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | -1.45% | 9.55% | 3.21% | 8.53% | -13.86% | -1.59% | 10.33% | 10.39% | -0.56% | 4.17% |
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% |
Returns By Period
In the year-to-date period, VFICX achieves a -1.45% return, which is significantly lower than VCIT's -0.45% return. Over the past 10 years, VFICX has underperformed VCIT with an annualized return of 2.64%, while VCIT has yielded a comparatively higher 3.06% annualized return.
VFICX
- 1D
- 0.46%
- 1M
- -2.89%
- YTD
- -1.45%
- 6M
- -0.24%
- 1Y
- 5.09%
- 3Y*
- 5.22%
- 5Y*
- 1.30%
- 10Y*
- 2.64%
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%
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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%.
Return for Risk
VFICX vs. VCIT — Risk / Return Rank
VFICX
VCIT
VFICX vs. VCIT - 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 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.
| VFICX | VCIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.26 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.76 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.07 | -0.24 |
Martin ratioReturn relative to average drawdown | 6.64 | 7.31 | -0.66 |
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 | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.26 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.22 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.49 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.75 | +0.21 |
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.
Dividends
VFICX vs. VCIT - Dividend Comparison
VFICX's dividend yield for the trailing twelve months is around 4.56%, less than VCIT's 4.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | 4.56% | 4.81% | 4.57% | 3.81% | 3.09% | 3.53% | 5.70% | 3.03% | 3.20% | 2.96% | 3.84% | 3.54% |
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% |
Drawdowns
VFICX vs. VCIT - Drawdown Comparison
The maximum VFICX drawdown since its inception was -20.24%, roughly equal to the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VFICX and VCIT.
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Drawdown Indicators
| VFICX | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.24% | -20.56% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -2.99% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -20.56% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -20.24% | -20.56% | +0.32% |
Current DrawdownCurrent decline from peak | -2.89% | -1.98% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -3.18% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.85% | +0.07% |
Volatility
VFICX vs. VCIT - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) is 1.70%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 2.07%. 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.
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Volatility by Period
| VFICX | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 2.07% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 2.84% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.69% | 4.85% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.60% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 6.27% | -1.11% |