VFIDX vs. VCIT
VFIDX (Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both funds - VFIDX is a Total Bond Market fund managed by Vanguard, while VCIT is a Corporate Bonds fund tracking the Barclays U.S. 5-10 Year Corp Index. Over the past 10 years, VFIDX returned 2.79%/yr vs 2.93%/yr for VCIT. Their correlation of 0.85 suggests significant overlap in exposure. VFIDX charges 0.10%/yr vs 0.04%/yr for VCIT.
Performance
VFIDX vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, VFIDX achieves a 0.42% return, which is significantly higher than VCIT's 0.18% return. Over the past 10 years, VFIDX has underperformed VCIT with an annualized return of 2.79%, while VCIT has yielded a comparatively higher 2.93% annualized return.
VFIDX
- 1D
- 0.11%
- 1M
- 0.66%
- YTD
- 0.42%
- 6M
- 0.50%
- 1Y
- 6.64%
- 3Y*
- 6.17%
- 5Y*
- 1.43%
- 10Y*
- 2.79%
VCIT
- 1D
- -0.22%
- 1M
- 0.28%
- YTD
- 0.18%
- 6M
- 0.07%
- 1Y
- 6.13%
- 3Y*
- 6.00%
- 5Y*
- 1.22%
- 10Y*
- 2.93%
VFIDX vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 0.42% | 9.67% | 3.29% | 8.63% | -13.77% | -1.51% | 10.44% | 10.50% | -0.44% | 4.28% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.18% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
Correlation
The correlation between VFIDX and VCIT is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.85 |
The correlation between VFIDX and VCIT has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
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Return for Risk
VFIDX vs. VCIT — Risk / Return Rank
VFIDX
VCIT
VFIDX vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) 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.
| VFIDX | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.08 | -0.05 |
| Martin ratioReturn relative to average drawdown | 7.00 | 6.95 | +0.05 |
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
| VFIDX | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.50 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.19 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.47 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.75 | +0.12 |
Drawdowns
VFIDX vs. VCIT - Drawdown Comparison
The maximum VFIDX drawdown since its inception was -20.14%, roughly equal to the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VFIDX and VCIT.
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Drawdown Indicators
| VFIDX | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -20.56% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -2.96% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -6.11% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.14% | -20.56% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -20.14% | -20.56% | +0.42% |
Current DrawdownCurrent decline from peak | -1.06% | -1.36% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -3.16% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.88% | +0.09% |
Volatility
VFIDX vs. VCIT - Volatility Comparison
Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) has a higher volatility of 1.56% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.38%. This indicates that VFIDX's price experiences larger fluctuations and is considered to be riskier 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
| VFIDX | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.38% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 3.06% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 4.10% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.61% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 6.28% | -1.08% |
VFIDX vs. VCIT - Expense Ratio Comparison
VFIDX has a 0.10% 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%.
Dividends
VFIDX vs. VCIT - Dividend Comparison
VFIDX's dividend yield for the trailing twelve months is around 5.09%, more than VCIT's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.80% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 5.09% | 4.91% | 4.65% | 3.90% | 3.20% | 3.61% | 5.80% | 3.13% | 3.32% | 3.06% | 3.94% | 3.64% |
Frequently Asked Questions
VFIDX and VCIT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFIDX has higher volatility (1.56%) compared to VCIT (1.38%). In terms of maximum drawdown, VFIDX dropped -20.14% vs VCIT's -20.56%.
VFIDX currently has the higher Sharpe Ratio (1.59 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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