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

Overview

The Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares (VCIT) operates within the US Bonds - Corporate category, which ETFValuer currently tracks with 5 funds. Issued by Vanguard, this fund has accumulated assets under management of $69.4 billion while trading at a price of $81.82. It holds an overall rank of #74 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 58.8 out of 100. The fund offers a low cost structure with an expense ratio of 0.03% and provides a dividend yield of 4.78%. The substantial asset size and low expense ratio suggest significant investor adoption relative to the small number of peers in its specific category.

Recent price action shows a decline over the last day at -0.16% and a further drop of -0.60% over the past week. The one-month return turned positive at +0.29%, though the three-month and six-month periods recorded losses of -0.34% and -0.57% respectively. Year-to-date performance sits at -0.35%, indicating a slight negative trend for the current calendar year. In contrast, the one-year return stands at +3.98%, while the three-year return shows a cumulative gain of +17.49%. This pattern highlights a divergence where short-term results have been negative while longer-term horizons remain positive.

The fund carries a volatility label of Very Low and a beta of 1.07, suggesting price movements that are slightly more sensitive than the broader market despite the low volatility classification. A Sharpe ratio of -0.25 indicates that the risk-adjusted returns have been negative over the measured period. The maximum drawdown of -6.10% represents the largest peak-to-trough decline experienced by the fund. This combination of a negative Sharpe ratio and a defined maximum drawdown implies that the fund has faced periods of decline that were not sufficiently compensated by the returns generated during those times.

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.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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: 2.67% (as of 2026-07-07) — 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 Performance History

How VCIT Compares to Other US Bonds - Corporate ETFs