VFICX vs. VWESX
Compare and contrast key facts about Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX).
VFICX is managed by Vanguard. It was launched on Nov 1, 1993. VWESX is managed by Vanguard. It was launched on Jul 9, 1973.
Performance
VFICX vs. VWESX - Performance Comparison
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VFICX vs. VWESX - 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% |
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | -1.27% | 7.20% | -2.75% | 9.30% | -25.62% | -3.14% | 15.39% | 20.44% | -6.26% | 11.96% |
Returns By Period
In the year-to-date period, VFICX achieves a -1.00% return, which is significantly higher than VWESX's -1.27% return. Over the past 10 years, VFICX has outperformed VWESX with an annualized return of 2.69%, while VWESX has yielded a comparatively lower 1.75% 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%
VWESX
- 1D
- 0.40%
- 1M
- -2.97%
- YTD
- -1.27%
- 6M
- -1.84%
- 1Y
- 2.49%
- 3Y*
- 2.11%
- 5Y*
- -2.27%
- 10Y*
- 1.75%
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VFICX vs. VWESX - Expense Ratio Comparison
VFICX has a 0.20% expense ratio, which is lower than VWESX's 0.22% expense ratio. Despite the difference, 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. VWESX — Risk / Return Rank
VFICX
VWESX
VFICX vs. VWESX - 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 Long-Term Investment-Grade Fund Investor Shares (VWESX). 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 | VWESX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.34 | +0.86 |
Sortino ratioReturn per unit of downside risk | 1.71 | 0.52 | +1.20 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.07 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.71 | +1.12 |
Martin ratioReturn relative to average drawdown | 6.55 | 1.72 | +4.83 |
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 | VWESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.34 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.19 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.16 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.55 | +0.42 |
Correlation
The correlation between VFICX and VWESX is 0.89, 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. VWESX - Dividend Comparison
VFICX's dividend yield for the trailing twelve months is around 4.54%, less than VWESX's 4.65% 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% |
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 4.65% | 4.95% | 5.06% | 4.55% | 4.43% | 4.51% | 6.89% | 5.01% | 4.31% | 5.50% | 6.14% | 7.38% |
Drawdowns
VFICX vs. VWESX - Drawdown Comparison
The maximum VFICX drawdown since its inception was -20.24%, smaller than the maximum VWESX drawdown of -36.34%. Use the drawdown chart below to compare losses from any high point for VFICX and VWESX.
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Drawdown Indicators
| VFICX | VWESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.24% | -36.34% | +16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -5.45% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -34.48% | +14.24% |
Max Drawdown (10Y)Largest decline over 10 years | -20.24% | -36.34% | +16.10% |
Current DrawdownCurrent decline from peak | -2.45% | -20.51% | +18.06% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -6.69% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.25% | -1.32% |
Volatility
VFICX vs. VWESX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) is 1.77%, while Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) has a volatility of 3.42%. This indicates that VFICX experiences smaller price fluctuations and is considered to be less risky than VWESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFICX | VWESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 3.42% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 5.29% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 8.97% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 12.10% | -5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 10.85% | -5.69% |