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

Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares (VCIT) is a corporate bond fund issued by Vanguard with $68.6 billion in assets. It holds a C grade and ranks 5 of 17 within the US Bonds - Corporate category, placing it 250th among all tracked ETFs. The fund’s 0.03% expense ratio is half the category median of 0.06%, offering a cost advantage. However, its 5.10% dividend yield trails the category median of 6.04%. Top holdings represent only 2.7% of assets, with Amazon.com Inc comprising the largest single position at 0.3%.

The fund’s price sits at 9.1% of its 52-week range, indicating it is near the lower end of recent trading levels. Short-term returns show declines across the one-month, three-month, and six-month horizons, while the one-year return of -2.08% underperforms the category median of +1.23%. In contrast, the three-year return of +19.27% demonstrates a longer-term positive trajectory. The ETFValuer grade has remained unchanged at C over the last 35 tracked days. Historical price data is available for only 3.0 years, limiting the depth of long-term analysis.

With a volatility of 4.33% labeled as Very Low, the fund exhibits relatively stable price movements. Its beta of 1.08 suggests it moves slightly more than the broader market. The Sharpe ratio of -1.64 indicates that risk-adjusted returns have been negative over the measured period. A maximum drawdown of -4.92% reflects the largest peak-to-trough decline recorded. High liquidity is evident from an average daily volume of 9,963,039 shares.

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

VCIT Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 2.7% 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 — VCLT overlaps most, holding 7 of the same companies as VCIT's top 10 (1.9% 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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 3.03% (as of 2026-10-06) — 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: Average daily volume is 10.0M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $68.6B 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