VTC vs. LQIG
Compare and contrast key facts about Vanguard Total Corporate Bond ETF (VTC) and SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG).
VTC and LQIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTC is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays U.S. Corporate Bond Index. It was launched on Nov 7, 2017. LQIG is a passively managed fund by State Street that tracks the performance of the MarketAxess U.S. Investment Grade 400 Corporate Bond Index - Benchmark TR Gross. It was launched on May 11, 2022. Both VTC and LQIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VTC vs. LQIG - Performance Comparison
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VTC vs. LQIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VTC Vanguard Total Corporate Bond ETF | -0.26% | 7.58% | 2.15% | 8.58% | -3.35% |
LQIG SPDR MarketAxess Investment Grade 400 Corporate Bond ETF | -0.27% | 7.62% | 1.52% | 9.46% | -3.25% |
Returns By Period
The year-to-date returns for both stocks are quite close, with VTC having a -0.26% return and LQIG slightly lower at -0.27%.
VTC
- 1D
- 0.55%
- 1M
- -1.83%
- YTD
- -0.26%
- 6M
- 0.39%
- 1Y
- 4.99%
- 3Y*
- 4.65%
- 5Y*
- 0.63%
- 10Y*
- —
LQIG
- 1D
- 0.62%
- 1M
- -2.01%
- YTD
- -0.27%
- 6M
- 0.14%
- 1Y
- 4.82%
- 3Y*
- 4.41%
- 5Y*
- —
- 10Y*
- —
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VTC vs. LQIG - Expense Ratio Comparison
VTC has a 0.04% expense ratio, which is lower than LQIG's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VTC vs. LQIG — Risk / Return Rank
VTC
LQIG
VTC vs. LQIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Corporate Bond ETF (VTC) and SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG). 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.
| VTC | LQIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.76 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.08 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.51 | +0.28 |
Martin ratioReturn relative to average drawdown | 5.39 | 4.24 | +1.15 |
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
| VTC | LQIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.76 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.46 | -0.16 |
Correlation
The correlation between VTC and LQIG is 0.98, 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
VTC vs. LQIG - Dividend Comparison
VTC's dividend yield for the trailing twelve months is around 4.86%, less than LQIG's 5.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTC Vanguard Total Corporate Bond ETF | 4.86% | 4.76% | 4.50% | 3.80% | 3.13% | 2.36% | 2.69% | 3.34% | 3.53% | 0.55% |
LQIG SPDR MarketAxess Investment Grade 400 Corporate Bond ETF | 5.07% | 5.12% | 5.49% | 4.85% | 4.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VTC vs. LQIG - Drawdown Comparison
The maximum VTC drawdown since its inception was -22.05%, which is greater than LQIG's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for VTC and LQIG.
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Drawdown Indicators
| VTC | LQIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -11.86% | -10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -3.33% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | — | — |
Current DrawdownCurrent decline from peak | -1.83% | -2.01% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -2.53% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.19% | -0.23% |
Volatility
VTC vs. LQIG - Volatility Comparison
The current volatility for Vanguard Total Corporate Bond ETF (VTC) is 2.19%, while SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) has a volatility of 2.49%. This indicates that VTC experiences smaller price fluctuations and is considered to be less risky than LQIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTC | LQIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 2.49% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 3.59% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 6.33% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 8.14% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 8.14% | -0.40% |