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

VCIT is a Vanguard Intermediate-Term Corporate Bond Index Fund ETF, positioned within the US Bonds - Corporate category. It is one of the larger funds in its category, with an AUM of $69.8B, and is ranked #256 out of 458 tracked ETFs across all categories, indicating a moderate position in the overall market. The fund has an expense ratio of 0.03%, which is relatively low, and a dividend yield of 4.88%, providing a steady income stream for investors. The price of $81.05 suggests a reasonable valuation, given the fund's substantial assets under management, and its grade of C (score 58.8/100) reflects a moderate level of performance relative to its peers.

Over the past year, VCIT has shown a modest return of +2.28%, with a more pronounced gain of +19.45% over the past three years. The returns have been relatively stable, with a slight dip in the most recent month of +0.34%, followed by a decline in the previous month of -0.10%. The one-day return of -0.06% and the one-week return of -0.22% suggest some short-term volatility, but the longer-term trends indicate a positive trajectory. The three-month and six-month returns of -0.10% and -1.79%, respectively, show a slight deceleration in growth, while the year-to-date return of -0.46% and the one-year return of +2.28% indicate a mixed performance over the past year.

VCIT is labeled as having a Very Low volatility, which suggests that the fund is relatively stable and less prone to significant price fluctuations compared to more volatile funds. However, its beta of 1.07 indicates that the fund's price tends to move in line with the market, meaning it is not significantly more or less volatile than the broader market. The Sharpe ratio of -0.66, while negative, reflects that the fund's returns have not compensated for the risk taken, implying that the returns have been lower than the risk-adjusted returns of a risk-free asset. The maximum drawdown of -5.08% indicates that the fund has experienced a significant decline in value, but not as severe as some other funds. Overall, these figures suggest that VCIT is a relatively stable fund with moderate risk, suitable for investors seeking a balanced approach to intermediate-term corporate bond exposure.

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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.75% (as of 2026-08-20) — 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 0.07% 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 $69.8B 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