VTC vs. VCIT
VTC (Vanguard Total Corporate Bond ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both Corporate Bonds funds from Vanguard - VTC tracks the Bloomberg U.S. Corporate Bond Index while VCIT tracks the Bloomberg U.S. 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, VTC returned -0.28%/yr vs 0.64%/yr for VCIT. Their correlation of 0.94 means they have usually moved in the same direction. Both charge a 0.03% expense ratio.
Performance
VTC vs. VCIT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VTC having a -0.67% return and VCIT slightly higher at -0.64%.
VTC
- 1D
- -0.19%
- 1M
- -1.67%
- 6M
- -1.09%
- YTD
- -0.67%
- 1Y
- 1.74%
- 3Y*
- 4.80%
- 5Y*
- -0.28%
- 10Y*
- —
- ALL TIME*
- 2.24%
VCIT
- 1D
- -0.15%
- 1M
- -1.31%
- 6M
- -0.88%
- YTD
- -0.64%
- 1Y
- 2.20%
- 3Y*
- 5.78%
- 5Y*
- 0.64%
- 10Y*
- 2.65%
- ALL TIME*
- 4.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $656.43M | $641.05M | $718.26M | |
| $4.41M | $5.24M | $7.07M |
VTC vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTC Vanguard Total Corporate Bond ETF | -0.67% | 7.58% | 2.15% | 8.58% | -15.68% | -1.41% | 9.30% | 14.60% | -2.55% | 0.85% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.64% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 0.20% |
Correlation
The correlation between VTC and VCIT is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.94 |
The correlation between VTC and VCIT has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
VTC vs. VCIT — Risk / Return Rank
VTC
VCIT
VTC vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Corporate Bond ETF (VTC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTC | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.04 | -0.15 |
| Martin ratioReturn relative to average drawdown | 2.48 | 2.91 | -0.43 |
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Drawdowns
VTC vs. VCIT - Drawdown Comparison
The maximum VTC drawdown since its inception was -22.05%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VTC and VCIT.
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Drawdown Indicators
| VTC | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -20.56% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.96% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.25% | -5.29% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | -20.51% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -2.24% | -2.16% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -3.14% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.06% | -0.03% |
Volatility
VTC vs. VCIT - Volatility Comparison
Vanguard Total Corporate Bond ETF (VTC) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) have volatilities of 1.11% and 1.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTC | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.12% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 3.29% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 4.10% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 6.62% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 6.28% | +1.35% |
VTC vs. VCIT - Expense Ratio Comparison
Both VTC and VCIT have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VTC vs. VCIT - Dividend Comparison
VTC's dividend yield for the trailing twelve months is around 5.02%, more than VCIT's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.46% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
VTC Vanguard Total Corporate Bond ETF | 4.59% | 4.76% | 4.50% | 3.80% | 3.13% | 2.36% | 2.69% | 3.34% | 3.53% | 0.55% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, VTC and VCIT 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.
VCIT has higher volatility (1.12%) compared to VTC (1.11%). In terms of maximum drawdown, VTC dropped -22.05% vs VCIT's -20.56%.
On 5-year performance, VCIT leads with 0.64% vs -0.28% for VTC. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VCIT has performed better with a 0.64% return vs -0.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTC and VCIT have the same expense ratio: 0.03% per year.
VTC has the higher dividend yield at 4.59%, compared with 4.46% for VCIT.
VTC tracks Bloomberg U.S. Corporate Bond Index, while VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index.
VCIT currently has the higher Sharpe Ratio (0.75 vs 0.59), 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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