IGEB vs VTC: Grades, Fees and Holdings Compared

iShares Investment Grade Systematic Bond ETF

IGEBACboe

Vanguard Total Corporate Bond ETF

VTCANasdaq

Overlap

No data

Expense ratio

VTC −0.15pt a year

IGEB0.18%VTC0.03%

Avg volume · 30D

IGEB 2.4×the volume

IGEB310KVTC129K

5Y return · a year

IGEB +0.7pt

IGEB+0.5%VTC−0.2%

IGEB vs VTC Performance

Nov 2, 2021 – Nov 2, 2026

+2.5%IGEB−0.8%VTC

Expense ratio: IGEB 0.18%; VTC 0.03%, better
Fund size: IGEB $1.45B; VTC $1.6B
1Y total return: IGEB −0.5%, better; VTC −0.7%
Yield (12M): IGEB 5.75%, better; VTC 5.60%
Holdings: IGEB 434; VTC 5211
Avg volume (30D): IGEB 310K sh, better; VTC 129K sh
NAV per share: IGEB $43.51; VTC $74.09
52W range

ETF.net Grade

Pillar letters and Scores for IGEB, VTC, with each pillar’s weight
Pillar	IGEB	VTC
Cost30% weight	A70	A98Higher
Mission25% weight	A100	A100
Risk15% weight	B55Higher	C53
Tradability15% weight	A86Higher	A70
Holdings10% weight	A80	A95Higher
Durability5% weight	A77	A87Higher

Rank among Investment Grade Corporate funds

How we build Categories ›

Same Category. IGEB and VTC are both graded against the same 49 Investment Grade Corporate funds, so their Grades compare head to head.

Investment Grade Corporate⁠

Category · 49 funds

See all 49 ›

VTC ranks 3rd and IGEB 6th of 49 funds in the Investment Grade Corporate Category.

Rank 1AUSIGiShares Broad USD Investment Grade Corporate Bond ETFScore 90
Rank 2ASPBOState Street SPDR Portfolio Corporate Bond ETFScore 89
Rank 3AVTCVanguard Total Corporate Bond ETFScore 86
Rank 4ASKORNorthern Trust Credit-Scored US Corporate Bond ETFScore 81
Rank 5AGIGBGoldman Sachs Access Investment Grade Corporate Bond ETFScore 80
Rank 6AIGEBiShares Investment Grade Systematic Bond ETFScore 79
Rank 6ALQDiShares iBoxx $ Investment Grade Corporate Bond ETFScore 79

Our read on each fund

ETF.net Research

IGEBAiShares Investment Grade Systematic Bond ETF

VTCAVanguard Total Corporate Bond ETF

In short

IGEB No data

VTC Most cheap corporate bond funds sell you one slice of the maturity curve. VTC buys the whole investment-grade corporate market, short to long, for 0.03% a year, and since 2025 it owns the bonds directly instead of stacking three Vanguard funds.

Stated mandate

IGEB No data

VTC The Fund seeks to track a broad, market-weighted corporate bond index, specifically the Bloomberg U.S. Corporate Bond Index. It uses an indexing approach focused on investment-grade, fixed-rate, taxable corporate bonds.

Why people hold it

IGEB No data

VTC 0.03% a year against a 0.19% median for investment-grade corporate ETFs. On this exact Bloomberg index, nothing in the group charges less.
One ticker, the full corporate curve. Top-graded rivals like VCIT, IGIB and IGSB each buy a single maturity band; VTC's index spans short, intermediate and long fixed-rate corporates.
No overlays, no active tilts, no credit guesswork. Market-weighted indexing of investment-grade, fixed-rate, taxable corporates, and the portfolio hews tightly to that mandate.
Income lands monthly, not quarterly, which matters if bond coupons are doing real work in your cash flow.

Worth knowing

IGEB No data

VTC Whole-curve means long bonds in the mix, so prices move more with interest rates than a 1-5 year slice like IGSB does.
The plumbing changed in March 2025: Vanguard moved it from holding three underlying corporate bond ETFs to buying the index bonds directly. Same objective, same index.sec.gov
Moderately traded rather than a volume heavyweight, so spreads can run wider than the busiest corporate bond funds, particularly in choppy markets.

Full IGEB profile⁠

Full VTC profile⁠

IGEB vs VTC Holdings

How IGEB and VTC differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile94.1%
Asset classFixed Income100%

Sector

No Sector split for VTC.

Country, concentration and asset class

Country by domicile

Country weights in IGEB and VTC, widest gap first
Country	More in IGEBMore in VTC	IGEB	VTC
United States	IGEB +5.4 points	91.6%	86.2%
Japan	VTC +2.0 points	0.0%	2.0%
Spain	VTC +0.8 points	0.0%	0.8%
Belgium	VTC +0.6 points	0.0%	0.6%
Other countries (19)	VTC +2.0 points	8.4%	10.4%

Concentration

Weight in the 10 largest Holdings

IGEB5.4%
VTC2.5%

Securities held

IGEB432
VTC5,206

Asset class

IGEB: Fixed Income
VTC: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. IGEB holds 432 securities, VTC 5,206.

All 445 IGEB holdings⁠All VTC 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.

IGEB vs VTC Cost

Overpaying IGEB vs VTC

$3,111

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

IGEB 0.18%
$3,749
VTC 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IGEB 0.18%
VTC 0.03%
Overpaying

Year by year

Year	IGEB	VTC	Overpaying
10	$328	$55	$273
20	$1,281	$216	$1,065
30	$3,749	$638	$3,111

Expense ratio

0.18%IGEB
0.03%VTC, cheaper

VTC0.03%IGEB0.18%

0.03%0.53%

Middle half of Investment Grade Corporate funds
Median 0.25%

VTC cheapest of 49 funds

IGEB 14th cheapest of 49 funds

IGEB vs VTC Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IGEB 5.75%, better; VTC 5.60%
Payout (12M): IGEB $2.49; VTC $4.13
Last payment: IGEB $0.19; VTC $0.33
Ex-dividend: IGEB Nov 2, 2026; VTC Nov 2, 2026
Paid on: IGEB Pays Nov 5, 2026; VTC Pays Nov 4, 2026
Frequency: IGEB Monthly; VTC Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IGEBMonthly · 46 paymentsAll IGEB payments⁠

VTCMonthly · 46 paymentsAll VTC payments⁠

IGEB vs VTC Risk

Fall from peak · 5 years

IGEB
VTC

Risk facts

VolatilityStd dev, 3 years: IGEB 6.2%, betterVTC 6.3%
Return per unit of riskSharpe ratio, 3 years: IGEB 0.38, betterVTC 0.31
Worst fallMax drawdown, 5 years: IGEB −20.8%, betterVTC −21.7%
Market sensitivityBeta, 5 years: IGEB 1.05VTC 1.12; Market = 1

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