VCIT vs SPY

Comparison between VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND ETF SHARES (VCIT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VCIT, delivering a return of +13.3% compared to +1.4%

VCIT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCIT(ETF)	SPY(ETF)
Net Assets	$66B	$652B
Expense Ratio	0.03%	0.09%
Max Drawdown	24.19%	56.47%
Sharpe Ratio	0.78	2.07
5Y Beta	0.09	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	10.99%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

VCIT

$66B

Winner

SPY

$652B

Expense Ratio

Winner

VCIT

0.03%

SPY

0.09%

Max Drawdown

Winner

VCIT

24.19%

SPY

56.47%

Sharpe Ratio

VCIT

0.78

Winner

SPY

2.07

5Y Beta

Winner

VCIT

0.09

SPY

1.00

P/E Ratio

VCIT

N/A

SPY

28.24

Forward P/E

VCIT

N/A

SPY

21.85

5Y Dividends CAGR

Winner

VCIT

10.99%

SPY

5.43%

5Y EPS CAGR

VCIT

N/A

SPY

25.79%

Debt to Equity

VCIT

N/A

SPY

22.35%

P/S Ratio

VCIT

N/A

SPY

3.55

P/B Ratio

VCIT

N/A

SPY

5.29

VCIT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	VCIT	SPY
1 month	+0.23%	+9.11%
3 months	-0.04%	+6.59%
6 months	+1.32%	+10.56%
1 year	+7.45%	+32.04%
5 years(CAGR)	+1.36%	+13.35%
10 years(CAGR)	+3.02%	+15.49%
Max(CAGR)	+4.36%	+8.50%

VCIT

+0.23%

Winner

SPY

+9.11%

VCIT

-0.04%

Winner

SPY

+6.59%

VCIT

+1.32%

Winner

SPY

+10.56%

VCIT

+7.45%

Winner

SPY

+32.04%

5Y(CAGR)

VCIT

+1.36%

Winner

SPY

+13.35%

10Y(CAGR)

VCIT

+3.02%

Winner

SPY

+15.49%

Max(CAGR)

VCIT

+4.36%

Winner

SPY

+8.50%

VCIT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VCIT	SPY
2026	+0.54%	+8.27%
2025	+9.31%	+18.00%
2024	+3.73%	+25.59%
2023	+8.46%	+26.72%
2022	-13.43%	-18.64%
2021	-1.65%	+30.52%
2020	+9.32%	+17.28%
2019	+13.95%	+31.09%
2018	-1.48%	-5.24%
2017	+5.41%	+20.78%
2016	+5.11%	+13.59%
2015	+0.58%	+1.31%
2014	+7.44%	+14.56%
2013	-2.42%	+29.00%
2012	+11.11%	+14.17%
2011	+9.03%	+0.85%
2010	+9.56%	+13.14%
2009	+0.18%	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

VCIT vs SPY Drawdown Comparison

The maximum drawdown for VCIT was -20.56%, occurring on Oct 20, 2022. Recovery took 1001 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current VCIT drawdown is -1.01%.

Rank	VCIT	SPY
#1	-20.56% Aug 2, 2021 - Jul 29, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-16.86% Mar 4, 2020 - Jun 9, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-7.42% May 1, 2013 - May 1, 2014	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-5.79% Nov 4, 2010 - May 5, 2011	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-4.86% Sep 27, 2016 - Jun 2, 2017	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-4.48% Sep 7, 2017 - Jan 30, 2019	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-4.31% Dec 31, 2020 - Jul 28, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-3.96% Aug 9, 2011 - Nov 1, 2011	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-3.62% Apr 15, 2015 - Mar 16, 2016	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-2.96% Feb 27, 2026 - Mar 27, 2026	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-2.76% Nov 2, 2011 - Jan 9, 2012	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-2.18% Sep 4, 2019 - Oct 4, 2019	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.16% Feb 2, 2015 - Apr 15, 2015	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.80% Mar 2, 2012 - Apr 26, 2012	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.79% Aug 29, 2014 - Oct 8, 2014	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VCIT and SPY is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (1999 - 2026)

VCIT vs SPY dividend yield comparison.

Year	VCIT	SPY
2026	1.57%	0.24%
2025	4.62%	1.07%
2024	4.43%	1.21%
2023	3.72%	1.40%
2022	3.03%	1.65%
2021	2.87%	1.20%
2020	2.78%	1.52%
2019	3.37%	1.75%
2018	3.61%	2.04%
2017	3.21%	1.80%
2016	3.29%	2.03%
2015	3.34%	2.06%
2014	3.34%	1.87%
2013	3.96%	1.81%
2012	4.22%	2.18%
2011	3.92%	2.05%
2010	4.56%	1.80%
2009	0.55%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%