VTIBX vs. VGCIX
VTIBX (Vanguard Total International Bond Index Fund) and VGCIX (Vanguard Global Credit Bond Fund Investor Shares) are both mutual funds - VTIBX is a Global Bonds fund managed by Vanguard, while VGCIX is a Total Bond Market fund managed by Vanguard. Over the past 5 years, VTIBX returned 0.44%/yr vs 1.27%/yr for VGCIX. Their correlation of 0.81 suggests significant overlap in exposure. VTIBX charges 0.13%/yr vs 0.35%/yr for VGCIX.
Performance
VTIBX vs. VGCIX - Performance Comparison
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Returns By Period
In the year-to-date period, VTIBX achieves a 1.02% return, which is significantly lower than VGCIX's 1.18% return.
VTIBX
- 1D
- 0.10%
- 1M
- 1.07%
- YTD
- 1.02%
- 6M
- 1.23%
- 1Y
- 2.24%
- 3Y*
- 4.27%
- 5Y*
- 0.44%
- 10Y*
- 1.68%
VGCIX
- 1D
- 0.10%
- 1M
- 0.83%
- YTD
- 1.18%
- 6M
- 1.18%
- 1Y
- 4.85%
- 3Y*
- 6.12%
- 5Y*
- 1.27%
- 10Y*
- —
VTIBX vs. VGCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VTIBX Vanguard Total International Bond Index Fund | 1.02% | 2.98% | 3.84% | 8.86% | -12.97% | -2.27% | 4.56% | 7.76% | 1.65% |
VGCIX Vanguard Global Credit Bond Fund Investor Shares | 1.18% | 7.26% | 3.82% | 9.17% | -13.61% | -0.70% | 10.70% | 12.93% | 0.95% |
Correlation
The correlation between VTIBX and VGCIX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.81 |
The correlation between VTIBX and VGCIX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
VTIBX vs. VGCIX — Risk / Return Rank
VTIBX
VGCIX
VTIBX vs. VGCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond Index Fund (VTIBX) and Vanguard Global Credit Bond Fund Investor Shares (VGCIX). 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.
| VTIBX | VGCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.27 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.73 | -0.96 |
| Martin ratioReturn relative to average drawdown | 2.05 | 5.70 | -3.65 |
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Drawdowns
VTIBX vs. VGCIX - Drawdown Comparison
The maximum VTIBX drawdown since its inception was -16.15%, smaller than the maximum VGCIX drawdown of -18.69%. Use the drawdown chart below to compare losses from any high point for VTIBX and VGCIX.
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Drawdown Indicators
| VTIBX | VGCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -18.69% | +2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -2.95% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -2.95% | -4.13% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -18.69% | +2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -16.15% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.57% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -4.42% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.89% | +0.21% |
Volatility
VTIBX vs. VGCIX - Volatility Comparison
Vanguard Total International Bond Index Fund (VTIBX) and Vanguard Global Credit Bond Fund Investor Shares (VGCIX) have volatilities of 0.95% and 0.96%, 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
| VTIBX | VGCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.96% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.71% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 3.43% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 5.15% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.66% | 4.90% | -1.24% |
VTIBX vs. VGCIX - Expense Ratio Comparison
VTIBX has a 0.13% expense ratio, which is lower than VGCIX's 0.35% expense ratio.
Dividends
VTIBX vs. VGCIX - Dividend Comparison
VTIBX's dividend yield for the trailing twelve months is around 4.41%, less than VGCIX's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGCIX Vanguard Global Credit Bond Fund Investor Shares | 4.84% | 4.82% | 4.54% | 4.38% | 2.61% | 3.05% | 4.55% | 6.77% | 0.35% | 0.00% | 0.00% | 0.00% |
VTIBX Vanguard Total International Bond Index Fund | 4.41% | 4.33% | 4.31% | 4.37% | 1.41% | 3.68% | 1.06% | 3.36% | 2.98% | 2.21% | 1.76% | 1.61% |
Frequently Asked Questions
VTIBX and VGCIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGCIX has higher volatility (0.96%) compared to VTIBX (0.95%). In terms of maximum drawdown, VTIBX dropped -16.15% vs VGCIX's -18.69%.
VGCIX currently has the higher Sharpe Ratio (1.49 vs 0.71), 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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