IBDV vs VBCB: Grades, Fees and Holdings Compared

iShares iBonds Dec 2030 Term Corporate ETF

IBDVANYSE Arca

Vanguard Target Maturity 2028 Corporate Bond ETF

VBCBANasdaq

Overlap

No data

Expense ratio

VBCB −0.02pt a year

IBDV0.10%VBCB0.08%

Avg volume · 30D

IBDV 29.6×the volume

IBDV793KVBCB26.8K

IBDV vs VBCB Performance

Aug 7, 2026 – Nov 9, 2026

−0.2%IBDV+0.5%VBCB

Expense ratio: IBDV 0.10%; VBCB 0.08%, better
Fund size: IBDV $3.42B; VBCB $117M
1Y total return: IBDV +1.2%; VBCB No data
Yield (12M): IBDV 4.65%; VBCB No data
Holdings: IBDV 736; VBCB 667
Avg volume (30D): IBDV 793K sh, better; VBCB 26.8K sh
NAV per share: IBDV $21.33; VBCB $75.01
52W range

ETF.net Grade

Pillar letters and Scores for IBDV, VBCB, with each pillar’s weight
Pillar	IBDV	VBCB
Cost30% weight	C50	A89Higher
Mission25% weight	A100	A100
Risk15% weight	C44	A88Higher
Tradability15% weight	A82Higher	C40
Holdings10% weight	A94Higher	A84
Durability5% weight	A87Higher	C54

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›

Same Category. IBDV and VBCB are both graded against the same 42 Defined-Maturity Investment Grade Corporate funds, so their Grades compare head to head.

Defined-Maturity Investment Grade Corporate⁠

Category · 42 funds

See all 42 ›

VBCB ranks 1st and IBDV 9th of 42 funds in the Defined-Maturity Investment Grade Corporate Category.

Rank 1AVBCBVanguard Target Maturity 2028 Corporate Bond ETFScore 81
Rank 2AVBCCVanguard Target Maturity 2029 Corporate Bond ETFScore 78
Rank 9AIBDSiShares iBonds Dec 2027 Term Corporate ETFScore 72
Rank 9AIBDViShares iBonds Dec 2030 Term Corporate ETFScore 72
Rank 12BBSCTInvesco BulletShares 2029 Corporate Bond ETFScore 69

Our read on each fund

ETF.net Research

IBDVAiShares iBonds Dec 2030 Term Corporate ETF

VBCBAVanguard Target Maturity 2028 Corporate Bond ETF

In short

IBDV A bond ladder rung in one ticker: roughly 700 investment-grade corporate bonds that all come due around 2030, after which the fund winds down and pays out. The defined end date is the whole point.

VBCB Vanguard finally showed up to the bond-ladder party. VBCB owns U.S. investment-grade corporate bonds that all mature in 2028, and it undercuts the typical target-maturity rung on fees.

Stated mandate

IBDV The fund seeks to track an index of investment-grade corporate bonds maturing in 2030 and is designed to provide income, support bond-ladder construction, and manage interest-rate risk through a defined maturity.

VBCB The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2028.

Why people hold it

IBDV Terminates on or about December 15, 2030 and distributes its net assets to shareholders, so it behaves like a bond with a maturity date rather than a perpetual bond fund.ishares.com
About 700 investment-grade corporate bonds in one line item, spreading the single-issuer risk a do-it-yourself ladder tends to concentrate.
Charges 0.10%, in line with the target-maturity median, and tracks its Bloomberg December 2030 maturity index closely: one of the tighter implementations in the group.
Pays monthly and is a multi-billion-dollar, actively traded member of the largest target-maturity lineup, which makes building and rolling a ladder straightforward.blackrock.com

VBCB Charges 0.08% a year, below the 0.10% typical for target-maturity bond funds and below the iBonds and BulletShares rungs (IBDU, BSCT, BSCU) it lines up against.
Every bond in the index is dollar-denominated investment grade maturing in 2028: one rung of a bond ladder in one ticker, with income paid quarterly.
A plain market-weighted ICE index run through Vanguard's index plumbing, and one of the stronger builds in the target-maturity bond group.

Worth knowing

IBDV In the final months, as its bonds mature, the portfolio shifts into cash and cash-like instruments, so its yield tends to move toward money market rates.ishares.com
No predetermined payout. Distributions vary over time, and liquidation proceeds can land above or below your cost basis.ishares.com blackrock.com
The 0.10% fee matches the peer median rather than undercutting it: Vanguard's VBCB runs 0.08% and Treasury-only IBTJ 0.07%.

VBCB Launched in 2026 and still small, it trades thinly, so spreads can run wider than on the long-established corporate ladders.
Corporate credit, not Treasuries. Investment grade lowers the odds of trouble, but downgrades and defaults stay in the mix.
One maturity year, not a whole curve. This is a rung, not a stand-in for a broad bond fund.

Full IBDV profile⁠

Full VBCB profile⁠

IBDV vs VBCB Holdings

How IBDV and VBCB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile90.8%
Asset classBonds100%

Sector

IBDV and VBCB share no Sector name, so they cannot be compared by Sector.

Country, concentration and asset class

Country by domicile

Country weights in IBDV and VBCB, widest gap first
Country	Gap	IBDV	VBCB
United States	IBDV +6.8 points	87.4%	80.6%
Canada	VBCB +2.9 points	1.9%	4.8%
United Kingdom	VBCB +2.7 points	2.2%	4.9%
Australia	VBCB +1.2 points	0.8%	2.0%
Germany	VBCB +1.0 points	0.0%	0.9%
Japan	VBCB +0.8 points	2.5%	3.3%
Netherlands	IBDV +0.6 points	1.3%	0.7%
Switzerland	VBCB +0.6 points	0.0%	0.6%
Other countries (12)	IBDV +1.7 points	3.9%	2.2%

Concentration

Weight in the 10 largest Holdings

IBDV6.2%
VBCB6.2%

Securities held

IBDV734
VBCB662

Asset class

IBDV: Bonds
VBCB: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. IBDV holds 734 securities, VBCB 662.

All 735 IBDV holdings⁠All 664 VBCB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IBDV vs VBCB Cost

Overpaying IBDV vs VBCB

$417

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IBDV 0.10%
$2,106
VBCB 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

IBDV 0.10%
VBCB 0.08%
Overpaying

Year by year

Year	IBDV	VBCB	Overpaying
10	$183	$147	$36
20	$717	$575	$142
30	$2,106	$1,689	$417

Expense ratio

0.10%IBDV
0.08%VBCB, cheaper

VBCB0.08%IBDV0.10%

0.08%0.15%

Middle half of Defined-Maturity Investment Grade Corporate funds
Median 0.10%

VBCB cheapest of 42 funds

IBDV 11th cheapest of 42 funds

IBDV vs VBCB Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IBDV 4.65%; VBCB No data
Payout (12M): IBDV $0.99; VBCB No data
Last payment: IBDV $0.08; VBCB $0.26
Ex-dividend: IBDV Nov 2, 2026; VBCB Nov 2, 2026
Paid on: IBDV Nov 5, 2026; VBCB Nov 4, 2026
Frequency: IBDV Monthly; VBCB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IBDVMonthly · 46 paymentsAll IBDV payments⁠

VBCBMonthly · 7 paymentsAll VBCB payments⁠

IBDV vs VBCB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IBDV 5.2%VBCB No data
Return per unit of riskSharpe ratio, 3 years: IBDV 0.49VBCB No data
Worst fallMax drawdown, 5 years: IBDV −20.4%VBCB No data
Market sensitivityBeta, 5 years: IBDV 0.94VBCB 0.05; Market = 1

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