VCIT — Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares

VCIT Price Performance — Growth of $10,000

Value of a $10,000 investment in VCIT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VCIT Drawdown

The "underwater" chart: VCIT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares (VCIT) operates within the US Bonds - Corporate category, which ETFValuer tracks 17 funds in total. Issued by Vanguard, this fund has accumulated assets under management of $69.4 billion while trading at a price of $81.51. It holds an overall rank of #253 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 59.9. The fund offers a low expense ratio of 0.03% and provides a dividend yield of 4.78%. The substantial asset size and low cost structure suggest significant investor adoption relative to the broader universe of 458 funds. Despite its high ranking in terms of assets, its mid-tier overall performance rank indicates mixed results compared to the full spectrum of available options.

Recent price action shows a 1-day return of +0.23% followed by a slight 1-week decline of -0.02%. Over the past month, the fund recorded a -1.29% return, which extended into a -0.70% loss over three months. The six-month period saw a -0.59% decline, and year-to-date performance sits at -0.32%. In contrast, the one-year horizon reflects a positive return of +3.45%, while the three-year track record stands at +19.14%. This pattern indicates a divergence where short-term and year-to-date results remain negative despite positive annual and multi-year gains.

VCIT carries a volatility label of Very Low and a beta of 1.07, suggesting its price movements are slightly more sensitive to market shifts than the broader benchmark despite the low volatility classification. The fund's Sharpe ratio is -0.38, indicating that the risk-adjusted returns have been negative over the measured period. A maximum drawdown of -5.74% highlights the deepest peak-to-trough decline experienced by the fund. This combination of a negative Sharpe ratio and a moderate maximum drawdown implies that while the fund is generally stable, it has not provided sufficient compensation for the volatility it has exhibited. The beta above 1.00 suggests the fund may amplify market moves slightly even within a low volatility environment.

AI-generated summary based on the data on this page.

VCIT Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 3.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VCIT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VCIT

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VCIT's top 10 — VCSH overlaps most, holding 5 of the same companies as VCIT's top 10 (1.7% of VCIT's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.81% (as of 2026-07-27) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

VCIT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.12% and average daily volume is 8.7M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $69.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VCIT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VCIT Performance History

How VCIT Compares to Other US Bonds - Corporate ETFs