VICSX vs. VICBX
VICSX (Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares) and VICBX (Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares) are both Corporate Bonds funds from Vanguard. Over the past 10 years, VICSX returned 2.97%/yr vs 3.20%/yr for VICBX. With a 0.99 correlation, they move nearly in lockstep. VICSX charges 0.07%/yr vs 0.05%/yr for VICBX.
Performance
VICSX vs. VICBX - Performance Comparison
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Returns By Period
In the year-to-date period, VICSX achieves a 0.36% return, which is significantly lower than VICBX's 0.42% return. Over the past 10 years, VICSX has underperformed VICBX with an annualized return of 2.97%, while VICBX has yielded a comparatively higher 3.20% annualized return.
VICSX
- 1D
- 0.23%
- 1M
- 0.68%
- YTD
- 0.36%
- 6M
- 0.58%
- 1Y
- 5.58%
- 3Y*
- 6.29%
- 5Y*
- 1.19%
- 10Y*
- 2.97%
VICBX
- 1D
- 0.26%
- 1M
- 0.71%
- YTD
- 0.42%
- 6M
- 0.60%
- 1Y
- 5.65%
- 3Y*
- 6.32%
- 5Y*
- 1.22%
- 10Y*
- 3.20%
VICSX vs. VICBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 0.36% | 9.36% | 3.66% | 8.88% | -14.09% | -1.56% | 9.52% | 13.99% | -1.73% | 5.47% |
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 0.42% | 9.37% | 3.67% | 8.87% | -14.06% | -1.50% | 9.57% | 15.96% | -1.72% | 5.50% |
Correlation
The correlation between VICSX and VICBX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.99 |
The correlation between VICSX and VICBX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
VICSX vs. VICBX — Risk / Return Rank
VICSX
VICBX
VICSX vs. VICBX - 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 Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX). 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.
| VICSX | VICBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.95 | -0.04 |
| Martin ratioReturn relative to average drawdown | 6.04 | 6.22 | -0.18 |
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Drawdowns
VICSX vs. VICBX - Drawdown Comparison
The maximum VICSX drawdown since its inception was -20.53%, roughly equal to the maximum VICBX drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for VICSX and VICBX.
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Drawdown Indicators
| VICSX | VICBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.53% | -20.55% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.95% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.02% | -5.98% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -20.55% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | -20.55% | +0.02% |
Current DrawdownCurrent decline from peak | -1.17% | -1.10% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -3.13% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.92% | +0.02% |
Volatility
VICSX vs. VICBX - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) have volatilities of 1.26% and 1.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VICSX | VICBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.27% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.97% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 3.88% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 6.16% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 5.34% | 0.00% |
VICSX vs. VICBX - Expense Ratio Comparison
VICSX has a 0.07% expense ratio, which is higher than VICBX's 0.05% 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%.
Dividends
VICSX vs. VICBX - Dividend Comparison
VICSX's dividend yield for the trailing twelve months is around 4.76%, which matches VICBX's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 4.79% | 4.61% | 4.79% | 3.72% | 3.02% | 2.82% | 2.79% | 5.01% | 3.64% | 3.23% | 3.32% | 3.39% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 4.76% | 4.59% | 4.77% | 3.70% | 3.00% | 2.76% | 2.77% | 3.35% | 3.62% | 3.22% | 3.03% | 3.36% |
Frequently Asked Questions
With a correlation of 0.99, VICSX and VICBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VICBX has higher volatility (1.27%) compared to VICSX (1.26%). In terms of maximum drawdown, VICSX dropped -20.53% vs VICBX's -20.55%.
VICBX currently has the higher Sharpe Ratio (1.49 vs 1.46), 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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