VMSIX vs. VCIT
Compare and contrast key facts about Vanguard Multi-Sector Income Bond Inv (VMSIX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
VMSIX is an actively managed fund by Vanguard. It was launched on Oct 14, 2021. 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
VMSIX vs. VCIT - Performance Comparison
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VMSIX vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VMSIX Vanguard Multi-Sector Income Bond Inv | -1.00% | 9.09% | 6.68% | 10.43% | -8.50% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.45% | 9.34% | 3.20% | 8.98% | -11.86% |
Returns By Period
In the year-to-date period, VMSIX achieves a -1.00% return, which is significantly lower than VCIT's -0.45% return.
VMSIX
- 1D
- 0.22%
- 1M
- -1.88%
- YTD
- -1.00%
- 6M
- 0.67%
- 1Y
- 5.96%
- 3Y*
- 7.10%
- 5Y*
- —
- 10Y*
- —
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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VMSIX vs. VCIT - Expense Ratio Comparison
VMSIX has a 0.45% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Return for Risk
VMSIX vs. VCIT — Risk / Return Rank
VMSIX
VCIT
VMSIX vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond Inv (VMSIX) 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.
| VMSIX | VCIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.26 | +0.82 |
Sortino ratioReturn per unit of downside risk | 2.93 | 1.76 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.24 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.07 | +0.20 |
Martin ratioReturn relative to average drawdown | 10.30 | 7.31 | +3.00 |
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
| VMSIX | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.26 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.75 | +0.04 |
Correlation
The correlation between VMSIX and VCIT is 0.83, 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
VMSIX vs. VCIT - Dividend Comparison
VMSIX's dividend yield for the trailing twelve months is around 5.07%, more than VCIT's 4.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMSIX Vanguard Multi-Sector Income Bond Inv | 5.07% | 5.56% | 6.37% | 5.43% | 3.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
VMSIX vs. VCIT - Drawdown Comparison
The maximum VMSIX drawdown since its inception was -13.11%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VMSIX and VCIT.
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Drawdown Indicators
| VMSIX | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -20.56% | +7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -2.99% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -1.99% | -1.98% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -3.18% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.85% | -0.27% |
Volatility
VMSIX vs. VCIT - Volatility Comparison
The current volatility for Vanguard Multi-Sector Income Bond Inv (VMSIX) is 1.23%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 2.07%. This indicates that VMSIX 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
| VMSIX | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 2.07% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 2.84% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 4.85% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 6.60% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 6.27% | -1.52% |