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 | 6.38% | 6.42% |
| 1Y Return | 13.66% | 13.63% |
| 3Y Return (Ann) | -0.53% | -0.52% |
| 5Y Return (Ann) | 1.92% | 1.83% |
| 10Y Return (Ann) | 2.86% | 3.20% |
| Sharpe Ratio | 2.07 | 2.10 |
| Daily Std Dev | 6.46% | 6.41% |
| Max Drawdown | -20.24% | -20.56% |
| Current Drawdown | -2.44% | -2.23% |
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 6.38% return and VCIT slightly higher at 6.42%. Over the past 10 years, VFICX has underperformed VCIT with an annualized return of 2.86%, while VCIT has yielded a comparatively higher 3.20% 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 4.18%, more than VCIT's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | 4.18% | 3.80% | 3.09% | 3.90% | 5.70% | 3.03% | 3.20% | 2.95% | 3.83% | 3.27% | 3.77% | 5.01% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.05% | 3.72% | 3.03% | 2.87% | 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 -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. 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 0.92%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 0.98%. 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.