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.
Performance
VGCAX vs. IBND - Performance Comparison
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VGCAX vs. IBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | -0.83% | 7.30% | 3.99% | 9.22% | -13.43% | -0.64% | 10.81% | 13.05% | 0.96% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.80% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | 1.32% |
Returns By Period
In the year-to-date period, VGCAX achieves a -0.83% return, which is significantly higher than IBND's -2.80% return.
VGCAX
- 1D
- 0.37%
- 1M
- -2.54%
- YTD
- -0.83%
- 6M
- 0.18%
- 1Y
- 4.57%
- 3Y*
- 5.42%
- 5Y*
- 1.39%
- 10Y*
- —
IBND
- 1D
- 1.34%
- 1M
- -4.53%
- YTD
- -2.80%
- 6M
- -2.44%
- 1Y
- 8.16%
- 3Y*
- 5.46%
- 5Y*
- -1.27%
- 10Y*
- 0.50%
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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.
Return for Risk
VGCAX vs. IBND — Risk / Return Rank
VGCAX
IBND
VGCAX vs. IBND - Risk-Adjusted Trends 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.
| VGCAX | IBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.92 | +0.44 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.41 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.17 | +0.58 |
Martin ratioReturn relative to average drawdown | 6.97 | 3.91 | +3.06 |
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
| VGCAX | IBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.92 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | -0.13 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.14 | +0.64 |
Correlation
The correlation between VGCAX and IBND is 0.50, 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.
Dividends
VGCAX vs. IBND - Dividend Comparison
VGCAX's dividend yield for the trailing twelve months is around 3.89%, more than IBND's 2.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 3.89% | 4.91% | 4.65% | 4.48% | 2.72% | 3.16% | 4.65% | 6.88% | 0.36% | 0.00% | 0.00% | 0.00% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.65% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
Drawdowns
VGCAX vs. IBND - Drawdown Comparison
The maximum VGCAX drawdown since its inception was -18.63%, smaller than the maximum IBND drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for VGCAX and IBND.
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Drawdown Indicators
| VGCAX | IBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.63% | -35.62% | +16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -6.75% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -34.32% | +15.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.62% | — |
Current DrawdownCurrent decline from peak | -2.54% | -11.03% | +8.49% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -10.65% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 2.03% | -1.30% |
Volatility
VGCAX vs. IBND - Volatility Comparison
The current volatility for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) is 1.54%, while SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a volatility of 4.05%. 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.
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Volatility by Period
| VGCAX | IBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 4.05% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 5.56% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 8.92% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 9.70% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 8.94% | -4.08% |