VTC — Vanguard Total Corporate Bond ETF ETF Shares

VTC Price Performance — Growth of $10,000

Value of a $10,000 investment in VTC 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.

VTC Drawdown

The "underwater" chart: VTC'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 Total Corporate Bond ETF (VTC) operates within the US Bonds - Corporate category, which currently contains 17 funds tracked by ETFValuer. Issued by Vanguard, the fund holds $1.76 billion in assets under management and trades at a price of $75.25 per share. It carries an overall rank of #359 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 52.8 out of 100. Investors can access the fund with a low expense ratio of 0.03% while receiving a dividend yield of 4.91%. The combination of a mid-tier ranking and substantial asset size suggests a moderate level of investor adoption relative to the broader universe of available options. This profile positions the fund as a cost-effective vehicle for corporate bond exposure, though its overall performance ranking remains below the median of the tracked universe.

Recent price action shows a decline across the shortest horizons, with the fund down 0.31% over one day and 0.92% over one week. The downward trend continued into the monthly timeframe, recording a 1.51% loss over one month and a 1.46% drop over three months. Year-to-date performance reflects this pressure with a 0.63% decline, while the six-month return sits at -0.95%. Despite these short-term losses, the fund posted a positive return of 2.67% over the past year. The longer-term trajectory shows significant strength, with a three-year return of 14.45% indicating a divergence between recent short-term weakness and sustained multi-year gains. This pattern suggests that while the fund has faced headwinds in the immediate past, it has maintained positive momentum over the extended three-year period.

The fund is assigned a Very Low volatility label, yet it exhibits a beta of 1.12, indicating it moves slightly more than the broader market despite its stability classification. A Sharpe ratio of -0.54 suggests that the risk-adjusted returns have been negative over the measured period, reflecting the impact of recent losses relative to the risk taken. The maximum drawdown of -6.25% quantifies the largest peak-to-trough decline experienced by the fund, highlighting the extent of potential losses during adverse market conditions. This combination of a negative Sharpe ratio and a defined maximum drawdown implies that the fund has not adequately compensated investors for the volatility it has generated recently. While the volatility label suggests stability, the beta and drawdown figures reveal that the fund remains sensitive to market movements and has experienced notable declines during its history.

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

VTC Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 1.5% 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 VTC's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VTC

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VTC's top 10 — VFH overlaps most, holding 5 of the same companies as VTC's top 10 (1.3% of VTC'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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 2.77% (as of 2026-07-23) — 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.

VTC Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.11% and average daily volume is 102K/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 $1.76B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VTC 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.

VTC Performance History

How VTC Compares to Other US Bonds - Corporate ETFs