VSCSX vs. VLCIX

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) and Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX).

VSCSX is managed by Vanguard. It was launched on Nov 18, 2010. VLCIX is managed by Vanguard. It was launched on Nov 19, 2009.

Performance

VSCSX vs. VLCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) and Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX). The values are adjusted to include any dividend payments, if applicable.

VSCSX vs. VLCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares	-0.08%	6.75%	5.36%	6.11%	-5.72%	-0.43%	5.06%	6.85%	0.88%	2.46%
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares	-1.44%	7.27%	-1.43%	11.06%	-25.75%	-1.24%	13.74%	23.18%	-6.86%	12.42%

Returns By Period

In the year-to-date period, VSCSX achieves a -0.08% return, which is significantly higher than VLCIX's -1.44% return. Over the past 10 years, VSCSX has outperformed VLCIX with an annualized return of 2.73%, while VLCIX has yielded a comparatively lower 2.53% annualized return.

VSCSX

• 1D: 0.23%
• 1M: -1.04%
• YTD: -0.08%
• 6M: 1.17%
• 1Y: 4.67%
• 3Y*: 5.44%
• 5Y*: 2.41%
• 10Y*: 2.73%

VLCIX

• 1D: 1.02%
• 1M: -3.68%
• YTD: -1.44%
• 6M: -1.91%
• 1Y: 3.21%
• 3Y*: 3.04%
• 5Y*: -1.43%
• 10Y*: 2.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VSCSX vs. VLCIX - Expense Ratio Comparison

VSCSX 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%.

VSCSX

Vanguard Short-Term Corporate Bond Index Fund Admiral Shares

VLCIX

Vanguard Long-Term Corporate Bond Index Fund Institutional Shares

Return for Risk

VSCSX vs. VLCIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VSCSX

VSCSX Risk / Return Rank: 96
VSCSX Sharpe Ratio Rank: 96
VSCSX Sortino Ratio Rank: 96
VSCSX Omega Ratio Rank: 95
VSCSX Calmar Ratio Rank: 96
VSCSX Martin Ratio Rank: 96

VLCIX

VLCIX Risk / Return Rank: 18
VLCIX Sharpe Ratio Rank: 16
VLCIX Sortino Ratio Rank: 14
VLCIX Omega Ratio Rank: 13
VLCIX Calmar Ratio Rank: 31
VLCIX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VSCSX vs. VLCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) 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.

	VSCSX	VLCIX	Difference
Sharpe ratio Return per unit of total volatility	2.41	0.42	+1.99
Sortino ratio Return per unit of downside risk	3.58	0.62	+2.97
Omega ratio Gain probability vs. loss probability	1.50	1.08	+0.42
Calmar ratio Return relative to maximum drawdown	3.63	0.86	+2.77
Martin ratio Return relative to average drawdown	14.67	2.01	+12.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSCSX vs. VLCIX - Sharpe Ratio Comparison

The current VSCSX Sharpe Ratio is 2.41, which is higher than the VLCIX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of VSCSX and VLCIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VSCSX	VLCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	0.42	+1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	-0.12	+1.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.16	0.24	+0.92
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.43	+0.92

Correlation

The correlation between VSCSX and VLCIX is 0.73, 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

VSCSX vs. VLCIX - Dividend Comparison

VSCSX's dividend yield for the trailing twelve months is around 4.02%, less than VLCIX's 5.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares	4.02%	4.32%	4.27%	3.07%	1.98%	1.78%	2.25%	2.85%	2.66%	2.26%	1.93%	2.21%
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares	5.17%	5.50%	5.60%	4.67%	4.43%	2.95%	3.17%	3.83%	4.58%	4.03%	4.39%	4.73%

Drawdowns

VSCSX vs. VLCIX - Drawdown Comparison

The maximum VSCSX drawdown since its inception was -9.36%, smaller than the maximum VLCIX drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for VSCSX and VLCIX.

Drawdown Indicators

	VSCSX	VLCIX	Difference
Max Drawdown Largest peak-to-trough decline	-9.36%	-34.56%	+25.20%
Max Drawdown (1Y) Largest decline over 1 year	-1.36%	-5.26%	+3.90%
Max Drawdown (5Y) Largest decline over 5 years	-9.36%	-34.56%	+25.20%
Max Drawdown (10Y) Largest decline over 10 years	-9.36%	-34.56%	+25.20%
Current Drawdown Current decline from peak	-1.04%	-16.02%	+14.98%
Average Drawdown Average peak-to-trough decline	-0.98%	-7.96%	+6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	2.25%	-1.91%

Volatility

VSCSX vs. VLCIX - Volatility Comparison

The current volatility for Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) is 0.81%, while Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) has a volatility of 3.46%. This indicates that VSCSX 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.

Volatility by Period

	VSCSX	VLCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.81%	3.46%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	1.19%	5.26%	-4.07%
Volatility (1Y) Calculated over the trailing 1-year period	1.98%	8.93%	-6.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.70%	11.88%	-9.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.36%	10.60%	-8.24%