VICBX vs. VCIT
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
VICBX is managed by Vanguard. It was launched on Nov 19, 2009. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Performance
VICBX vs. VCIT - Performance Comparison
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VICBX vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | -0.91% | 9.37% | 3.67% | 8.87% | -14.06% | -1.50% | 9.57% | 15.96% | -1.72% | 5.50% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.45% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
Returns By Period
In the year-to-date period, VICBX achieves a -0.91% return, which is significantly lower than VCIT's -0.45% return. Over the past 10 years, VICBX has outperformed VCIT with an annualized return of 3.28%, while VCIT has yielded a comparatively lower 3.06% annualized return.
VICBX
- 1D
- 0.55%
- 1M
- -2.41%
- YTD
- -0.91%
- 6M
- 0.27%
- 1Y
- 5.58%
- 3Y*
- 5.61%
- 5Y*
- 1.53%
- 10Y*
- 3.28%
VCIT
- 1D
- 0.55%
- 1M
- -1.98%
- YTD
- -0.45%
- 6M
- 0.69%
- 1Y
- 6.08%
- 3Y*
- 5.56%
- 5Y*
- 1.42%
- 10Y*
- 3.06%
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VICBX vs. VCIT - Expense Ratio Comparison
VICBX has a 0.05% 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%.
Return for Risk
VICBX vs. VCIT — Risk / Return Rank
VICBX
VCIT
VICBX vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) 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.
| VICBX | VCIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.26 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.76 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.07 | -0.03 |
Martin ratioReturn relative to average drawdown | 7.57 | 7.31 | +0.26 |
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
| VICBX | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.26 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.22 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.49 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.75 | +0.12 |
Correlation
The correlation between VICBX and VCIT 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
VICBX vs. VCIT - Dividend Comparison
VICBX's dividend yield for the trailing twelve months is around 4.34%, less than VCIT's 4.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 4.34% | 4.61% | 4.79% | 3.72% | 3.02% | 2.82% | 2.79% | 5.01% | 3.64% | 3.23% | 3.32% | 3.39% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.72% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Drawdowns
VICBX vs. VCIT - Drawdown Comparison
The maximum VICBX drawdown since its inception was -20.55%, roughly equal to the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VICBX and VCIT.
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Drawdown Indicators
| VICBX | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.55% | -20.56% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.99% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -20.56% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -20.55% | -20.56% | +0.01% |
Current DrawdownCurrent decline from peak | -2.41% | -1.98% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -3.18% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.85% | -0.02% |
Volatility
VICBX vs. VCIT - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) is 1.78%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 2.07%. This indicates that VICBX experiences smaller price fluctuations and is considered to be less risky 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
| VICBX | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 2.07% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 2.84% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 4.85% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.14% | 6.60% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 6.27% | -0.94% |