VICSX vs. SPHY
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) and SPDR Portfolio High Yield Bond ETF (SPHY).
VICSX is managed by Vanguard. It was launched on Mar 2, 2010. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Performance
VICSX vs. SPHY - Performance Comparison
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VICSX vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | -0.94% | 9.36% | 3.66% | 8.88% | -14.09% | -1.56% | 9.52% | 13.99% | -1.73% | 5.47% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.32% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
Returns By Period
In the year-to-date period, VICSX achieves a -0.94% return, which is significantly lower than SPHY's -0.32% return. Over the past 10 years, VICSX has underperformed SPHY with an annualized return of 3.05%, while SPHY has yielded a comparatively higher 5.29% annualized return.
VICSX
- 1D
- 0.54%
- 1M
- -2.45%
- YTD
- -0.94%
- 6M
- 0.27%
- 1Y
- 5.56%
- 3Y*
- 5.58%
- 5Y*
- 1.50%
- 10Y*
- 3.05%
SPHY
- 1D
- 1.00%
- 1M
- -1.02%
- YTD
- -0.32%
- 6M
- 0.94%
- 1Y
- 7.11%
- 3Y*
- 8.40%
- 5Y*
- 4.31%
- 10Y*
- 5.29%
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VICSX vs. SPHY - Expense Ratio Comparison
VICSX has a 0.07% expense ratio, which is lower than SPHY's 0.10% expense ratio. Despite the difference, 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
VICSX vs. SPHY — Risk / Return Rank
VICSX
SPHY
VICSX vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
| VICSX | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.30 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.92 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.76 | +0.28 |
Martin ratioReturn relative to average drawdown | 7.46 | 9.23 | -1.77 |
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
| VICSX | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.30 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.61 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.67 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.62 | +0.22 |
Correlation
The correlation between VICSX and SPHY is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VICSX vs. SPHY - Dividend Comparison
VICSX's dividend yield for the trailing twelve months is around 4.32%, less than SPHY's 7.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 4.32% | 4.59% | 4.77% | 3.70% | 3.00% | 2.76% | 2.77% | 3.35% | 3.62% | 3.22% | 3.03% | 3.36% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.39% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Drawdowns
VICSX vs. SPHY - Drawdown Comparison
The maximum VICSX drawdown since its inception was -20.53%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for VICSX and SPHY.
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Drawdown Indicators
| VICSX | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.53% | -21.97% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -4.07% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -15.29% | -5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | -21.97% | +1.44% |
Current DrawdownCurrent decline from peak | -2.45% | -1.31% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -2.32% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.78% | +0.06% |
Volatility
VICSX vs. SPHY - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) is 1.81%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 2.23%. This indicates that VICSX experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VICSX | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 2.23% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.87% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 5.49% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.14% | 7.15% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 7.97% | -2.64% |