VCIT vs VOE
Vanguard Intermediate Term Corporate Bond ETF vs Vanguard Mid-Cap Value ETF
Quick Verdict
VCIT has a lower expense ratio. VOE delivered stronger 1-year returns. VCIT offers more diversification with 2019 holdings.
Side-by-Side Comparison
| Metric | VCIT | VOE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.05% | |
| AUM | $67.3B | $22.9B | |
| Dividend Yield | 4.77% | 2.31% | |
| Holdings | 2,253 | 177 | |
| YTD Return | -0.86% | +17.20% | |
| 1Y Return | +2.08% | +26.76% | |
| 3Y Return (annualized) | +5.97% | +16.45% | |
| 5Y Return (annualized) | +0.79% | +10.06% | |
| Volatility (annualized) | 6.0% | 17.6% | |
| Max Drawdown | -20.7% | -63.4% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 19, 2009 | Aug 17, 2006 |
VCIT vs VOE Performance
Vanguard Intermediate Term Corporate Bond ETF (VCIT) is a ETF from Vanguard (US) and Vanguard Mid-Cap Value ETF (VOE) is a ETF from Vanguard (US). Over the past year VCIT returned +2.08% while VOE returned +26.76%. Year to date, VCIT is down 0.86% versus a gain of 17.20% for VOE.
Over three years, VCIT compounded at +5.97% per year against +16.45% for VOE; over five years the annualized figures are +0.79% and +10.06% respectively. Across the full 17-year window we track, VOE has the edge at +7.96% annualized vs +1.72%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOE has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 6.0% for VCIT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.7% for VCIT and -63.4% for VOE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VCIT charges 0.03% per year while VOE charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, VCIT currently yields 4.77% against 2.31% for VOE.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, VCIT or VOE?
VCIT has an expense ratio of 0.03% while VOE charges 0.05%. VCIT is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, VCIT or VOE?
Over the past year VCIT returned +2.08% vs +26.76% for VOE, so VOE leads on 1-year performance. Over the longest common window we track (17 years), VCIT annualized +1.72% vs +7.96% for VOE. Past performance does not guarantee future results.
Which is riskier, VCIT or VOE?
VOE has been the more volatile fund at 17.6% annualized versus 6.0% for VCIT. Worst drawdown: VCIT -20.7% vs VOE -63.4%.
Should I hold both VCIT and VOE?
VCIT and VOE have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VCIT and VOE?
VCIT and VOE share 2 common holdings with a 0.1% weight overlap. Combined, they hold 2186 unique securities.
Which pays a higher dividend, VCIT or VOE?
VCIT yields 4.77% while VOE yields 2.31%, so VCIT currently pays the higher dividend yield.
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