VICSX vs. VLCIX
VICSX (Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares) and VLCIX (Vanguard Long-Term Corporate Bond Index Fund Institutional Shares) are both Corporate Bonds funds from Vanguard. Over the past 10 years, VICSX returned 2.98%/yr vs 2.41%/yr for VLCIX. Their correlation of 0.92 suggests significant overlap in exposure. VICSX charges 0.07%/yr vs 0.05%/yr for VLCIX.
Performance
VICSX vs. VLCIX - 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 VLCIX's 1.11% return. Over the past 10 years, VICSX has outperformed VLCIX with an annualized return of 2.98%, while VLCIX has yielded a comparatively lower 2.41% annualized return.
VICSX
- 1D
- 0.04%
- 1M
- 0.59%
- YTD
- 0.36%
- 6M
- 0.32%
- 1Y
- 6.40%
- 3Y*
- 6.24%
- 5Y*
- 1.40%
- 10Y*
- 2.98%
VLCIX
- 1D
- 0.03%
- 1M
- 1.28%
- YTD
- 1.11%
- 6M
- 0.42%
- 1Y
- 8.30%
- 3Y*
- 4.66%
- 5Y*
- -1.54%
- 10Y*
- 2.41%
VICSX vs. VLCIX - 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% |
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | 1.11% | 7.27% | -1.43% | 11.06% | -25.75% | -1.24% | 13.74% | 23.18% | -6.86% | 12.42% |
Correlation
The correlation between VICSX and VLCIX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.92 |
The correlation between VICSX and VLCIX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
VICSX vs. VLCIX — Risk / Return Rank
VICSX
VLCIX
VICSX vs. VLCIX - 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 Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX). 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 | VLCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.01 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.45 | 1.49 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.51 | +0.68 |
Martin ratioReturn relative to average drawdown | 7.29 | 3.74 | +3.55 |
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 | VLCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.01 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | -0.13 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.23 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.45 | +0.41 |
Drawdowns
VICSX vs. VLCIX - Drawdown Comparison
The maximum VICSX drawdown since its inception was -20.53%, smaller than the maximum VLCIX drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for VICSX and VLCIX.
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Drawdown Indicators
| VICSX | VLCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.53% | -34.56% | +14.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -5.26% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -6.02% | -12.86% | +6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -34.56% | +14.03% |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | -34.56% | +14.03% |
Current DrawdownCurrent decline from peak | -1.17% | -13.84% | +12.67% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -8.03% | +4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 2.13% | -1.24% |
Volatility
VICSX vs. VLCIX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) is 1.37%, while Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) has a volatility of 2.47%. This indicates that VICSX experiences smaller price fluctuations and is considered to be less risky than VLCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VICSX | VLCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 2.47% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 5.49% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 7.67% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 11.88% | -5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 10.61% | -5.27% |
VICSX vs. VLCIX - Expense Ratio Comparison
VICSX has a 0.07% expense ratio, which is higher than VLCIX'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. VLCIX - Dividend Comparison
VICSX's dividend yield for the trailing twelve months is around 4.76%, less than VLCIX's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | 5.53% | 5.50% | 5.60% | 4.67% | 4.43% | 2.95% | 3.17% | 3.83% | 4.58% | 4.03% | 4.39% | 4.73% |
Frequently Asked Questions
With a correlation of 0.93, VICSX and VLCIX 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.
VLCIX has higher volatility (2.47%) compared to VICSX (1.37%). In terms of maximum drawdown, VICSX dropped -20.53% vs VLCIX's -34.56%.
VICSX currently has the higher Sharpe Ratio (1.67 vs 1.01), 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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