VGCIX vs. VFICX
VGCIX (Vanguard Global Credit Bond Fund Investor Shares) and VFICX (Vanguard Intermediate-Term Investment-Grade Fund Investor Shares) are both Total Bond Market funds from Vanguard. Over the past 5 years, VGCIX returned 1.24%/yr vs 1.13%/yr for VFICX. Their correlation of 0.91 suggests significant overlap in exposure. VGCIX charges 0.35%/yr vs 0.20%/yr for VFICX.
Performance
VGCIX vs. VFICX - Performance Comparison
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Returns By Period
In the year-to-date period, VGCIX achieves a 1.29% return, which is significantly higher than VFICX's 0.15% return.
VGCIX
- 1D
- 0.21%
- 1M
- 0.94%
- YTD
- 1.29%
- 6M
- 1.50%
- 1Y
- 5.40%
- 3Y*
- 6.24%
- 5Y*
- 1.24%
- 10Y*
- —
VFICX
- 1D
- 0.23%
- 1M
- 0.77%
- YTD
- 0.15%
- 6M
- 0.67%
- 1Y
- 5.67%
- 3Y*
- 6.11%
- 5Y*
- 1.13%
- 10Y*
- 2.66%
VGCIX vs. VFICX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGCIX Vanguard Global Credit Bond Fund Investor Shares | 1.29% | 7.26% | 3.82% | 9.17% | -13.61% | -0.70% | 10.70% | 12.93% | 0.95% |
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | 0.15% | 9.55% | 3.21% | 8.53% | -13.86% | -1.59% | 10.33% | 10.39% | 1.68% |
Correlation
The correlation between VGCIX and VFICX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.91 |
The correlation between VGCIX and VFICX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
VGCIX vs. VFICX — Risk / Return Rank
VGCIX
VFICX
VGCIX vs. VFICX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Credit Bond Fund Investor Shares (VGCIX) and Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VGCIX | VFICX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.74 | +0.09 |
| Martin ratioReturn relative to average drawdown | 6.08 | 5.69 | +0.39 |
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Drawdowns
VGCIX vs. VFICX - Drawdown Comparison
The maximum VGCIX drawdown since its inception was -18.69%, smaller than the maximum VFICX drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for VGCIX and VFICX.
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Drawdown Indicators
| VGCIX | VFICX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.69% | -20.24% | +1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -3.34% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.13% | -6.10% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.69% | -20.24% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.24% | — |
Current DrawdownCurrent decline from peak | -0.47% | -1.32% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -2.49% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.02% | -0.13% |
Volatility
VGCIX vs. VFICX - Volatility Comparison
The current volatility for Vanguard Global Credit Bond Fund Investor Shares (VGCIX) is 1.08%, while Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) has a volatility of 1.38%. This indicates that VGCIX experiences smaller price fluctuations and is considered to be less risky than VFICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGCIX | VFICX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.38% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 3.22% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 4.24% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.14% | 6.39% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 5.19% | -0.29% |
VGCIX vs. VFICX - Expense Ratio Comparison
VGCIX has a 0.35% expense ratio, which is higher than VFICX's 0.20% expense ratio.
Dividends
VGCIX vs. VFICX - Dividend Comparison
VGCIX's dividend yield for the trailing twelve months is around 4.84%, less than VFICX's 4.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | 4.99% | 4.81% | 4.57% | 3.81% | 3.09% | 3.53% | 5.70% | 3.03% | 3.20% | 2.96% | 3.84% | 3.54% |
VGCIX Vanguard Global Credit Bond Fund Investor Shares | 4.84% | 4.82% | 4.54% | 4.38% | 2.61% | 3.05% | 4.55% | 6.77% | 0.35% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGCIX and VFICX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFICX has higher volatility (1.38%) compared to VGCIX (1.08%). In terms of maximum drawdown, VGCIX dropped -18.69% vs VFICX's -20.24%.
VGCIX currently has the higher Sharpe Ratio (1.58 vs 1.37), 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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