VPLS vs. VCIT
Compare and contrast key facts about Vanguard Core-Plus Bond ETF (VPLS) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
VPLS and VCIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VPLS is an actively managed fund by Vanguard. It was launched on Dec 7, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPLS or VCIT.
Key characteristics
| VPLS | VCIT | |
|---|---|---|
| YTD Return | 3.52% | 3.99% |
| Daily Std Dev | 5.18% | 5.81% |
| Max Drawdown | -3.05% | -20.56% |
| Current Drawdown | -2.38% | -4.46% |
Correlation
The correlation between VPLS and VCIT is 0.95, 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.
Performance
VPLS vs. VCIT - Performance Comparison
In the year-to-date period, VPLS achieves a 3.52% return, which is significantly lower than VCIT's 3.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VPLS vs. VCIT - Expense Ratio Comparison
VPLS has a 0.20% 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%.
Risk-Adjusted Performance
VPLS vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond ETF (VPLS) 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.
Not enough dataDividends
VPLS vs. VCIT - Dividend Comparison
VPLS's dividend yield for the trailing twelve months is around 3.83%, less than VCIT's 4.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPLS Vanguard Core-Plus Bond ETF | 3.83% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.27% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
VPLS vs. VCIT - Drawdown Comparison
The maximum VPLS drawdown since its inception was -3.05%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VPLS and VCIT. For additional features, visit the drawdowns tool.
Volatility
VPLS vs. VCIT - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond ETF (VPLS) is 1.47%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.76%. This indicates that VPLS 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.