VGCAX vs. IBND
Compare and contrast key facts about Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND).
VGCAX is managed by Vanguard. It was launched on Nov 15, 2018. IBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. It was launched on May 19, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGCAX or IBND.
Key characteristics
| VGCAX | IBND | |
|---|---|---|
| YTD Return | 4.64% | 0.67% |
| 1Y Return | 11.64% | 8.79% |
| 3Y Return (Ann) | -0.75% | -4.48% |
| 5Y Return (Ann) | 1.94% | -1.36% |
| Sharpe Ratio | 2.31 | 1.02 |
| Sortino Ratio | 3.54 | 1.53 |
| Omega Ratio | 1.42 | 1.19 |
| Calmar Ratio | 0.85 | 0.34 |
| Martin Ratio | 12.02 | 2.83 |
| Ulcer Index | 0.91% | 2.96% |
| Daily Std Dev | 4.72% | 8.26% |
| Max Drawdown | -18.63% | -35.63% |
| Current Drawdown | -2.64% | -18.38% |
Correlation
The correlation between VGCAX and IBND is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VGCAX vs. IBND - Performance Comparison
In the year-to-date period, VGCAX achieves a 4.64% return, which is significantly higher than IBND's 0.67% 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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VGCAX vs. IBND - Expense Ratio Comparison
VGCAX has a 0.25% expense ratio, which is lower than IBND's 0.50% expense ratio.
Risk-Adjusted Performance
VGCAX vs. IBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND). 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
VGCAX vs. IBND - Dividend Comparison
VGCAX's dividend yield for the trailing twelve months is around 4.50%, more than IBND's 2.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 4.50% | 4.49% | 2.72% | 1.62% | 2.35% | 3.66% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.50% | 2.08% | 0.54% | 0.37% | 0.45% | 0.67% | 0.70% | 0.34% | 0.01% | 0.01% | 1.66% | 1.24% |
Drawdowns
VGCAX vs. IBND - Drawdown Comparison
The maximum VGCAX drawdown since its inception was -18.63%, smaller than the maximum IBND drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for VGCAX and IBND. For additional features, visit the drawdowns tool.
Volatility
VGCAX vs. IBND - Volatility Comparison
The current volatility for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) is 1.23%, while SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a volatility of 2.43%. This indicates that VGCAX experiences smaller price fluctuations and is considered to be less risky than IBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.