VBCFvsSPBOETF Comparison
ETF 1
VBCF
Vanguard Target Maturity 2032 Corporate Bond ETF
This fund is part of
US Corporate IG Bonds
+0.06%
VS
ETF 2
SPBO
State Street SPDR Portfolio Corporate Bond ETF
This fund is part of
US Corporate IG Bonds
+0.06%
Vanguard Target Maturity 2032 Corporate Bond ETF (VBCF) and State Street SPDR Portfolio Corporate Bond ETF (SPBO) belong to the same industry segment: US Corporate IG Bonds. VBCF's top 3 sector exposures are Finance, Technology and Utilities. In contrast, SPBO's top sector exposures are Finance, Utilities and Technology. VBCF is more expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.03% for SPBO. Run a side-by-side ETF comparison of VBCF and SPBO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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VBCF vs SPBO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VBCF SPBO | -0.29%-0.05% | -0.47%-0.97% | n/a-0.36% | n/a+1.81% | n/a+17.65% | n/a-0.12% |
| Flows | VBCF SPBO | +$3M+$79M | +$7M+$250M | -+$428M | -+$524M | -+$1.48B | -+$1.85B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VBCF SPBO | +3.73%+4.32% | n/a+4.10% | n/a+5.46% | n/a+6.62% |
| Max drawdown | VBCF SPBO | -1.39%-2.10% | n/a-2.85% | n/a-4.67% | n/a-22.26% |
| Max drawdown duration | VBCF SPBO | 66d66d | n/a186d | n/a280d | n/a1489d |
Trading data
VBCF | SPBO | |
Last sale 9/4/2026 at 2:16 PM | $74.10 | $28.27 |
| Previous close 09/03/2026 | $74.14 | $28.27 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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VBCF | SPBO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 2:16 PM
Live
Closed
VBCF | SPBO | |
|---|---|---|
| Last price | $74.10 | $28.27 |
| 1D performance | -0.05% | +0.00% |
| AuM | $42.95 M | $2.16 B |
| E/R | 0.08% | 0.03% |
Characteristics
VBCF | SPBO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | State Street Investment Management |
| Benchmark | ICE 2032 Maturity US Corporate Constrained Index | Bloomberg U.S. Corporate Bond Index |
| N° of holdings | 377 | 4129 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 26, 2026 | April 6, 2011 |
| ESG | No | No |
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Exposure
Countries
VBCF
USA
85.29%
Other
14.71%
SPBO
USA
84.19%
Other
15.81%
Sectors
VBCF
Finance
42.45%
Technology
12.75%
Utilities
7.1%
Other
37.7%
SPBO
Finance
35.56%
Utilities
10.33%
Technology
9.56%
Healthcare
8.48%
Energy
7.11%
Other
28.96%
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Diversification
VBCF
Total weight of top 15 holdings out of 15
14.5%
SPBO
Total weight of top 15 holdings out of 15
2.4%
Top 15 holdings
Data as of July 31, 2026
VBCF
Bank of America Corporation, 5.015% 22jul2033, USD (N)
1.49%
JP Morgan, 4.912% 25jul2033, USD
1.15%
Wells Fargo, 3.35% 2mar2033, USD (U)
1.14%
Citigroup, 6.27% 17nov2033, USD
1.14%
Verizon Communications, 2.355% 15mar2032, USD
1.01%
Aercap Holdings, 3.3% 30jan2032, USD
0.98%
Meta Platforms, 3.85% 15aug2032, USD
0.97%
Wells Fargo, 4.897% 25jul2033, USD (U)
0.96%
Goldman Sachs, 3.102% 24feb2033, USD
0.96%
Oracle, 4.8% 26sep2032, USD (B)
0.87%
Meta Platforms, 4.6% 15nov2032, USD
0.84%
Morgan Stanley, 6.342% 18oct2033, USD (I)
0.78%
Bank of America Corporation, 4.571% 27apr2033, USD (N)
0.76%
JP Morgan, 2.963% 25jan2033, USD
0.72%
Bank of America Corporation, 2.972% 4feb2033, USD (N)
0.72%
SPBO
Citigroup, 4.91% 24may2033, USD
0.21%
Bank of America Corporation, 7.75% 14may2038, USD
0.20%
JP Morgan, 5.576% 23jul2036, USD
0.19%
British American Tobacco, 7.079% 2aug2043, USD
0.17%
Anheuser-Busch, 4.9% 1feb2046, USD
0.17%
Meta Platforms, 4.6% 15nov2032, USD
0.16%
Bank of America Corporation, 3.97% 5mar2029, USD (M)
0.16%
Bank of America Corporation, 3.419% 20dec2028, USD
0.15%
Goldman Sachs, 4.411% 23apr2039, USD
0.15%
CVS Health, 6% 1jun2044, USD
0.15%
Verizon Communications, 2.1% 22mar2028, USD
0.14%
T-Mobile USA, 3.875% 15apr2030, USD
0.14%
Amazon.com, 4% 13mar2029, USD
0.14%
Goldman Sachs, 3.814% 23apr2029, USD
0.13%
PepsiCo, 5% 23jul2035, USD
0.13%
Frequently asked questions about VBCF and SPBO
Which ETF is bigger: VBCF or SPBO?
As of September 3, 2026, VBCF holds $42.95 M in assets under management (AUM), while SPBO manages $2.16 B.
What sectors do the VBCF and SPBO ETFs invest in?
VBCF leans toward sectors like Finance, Technology and Utilities. Meanwhile, SPBO focuses on Finance, Utilities and Technology.
What are the top holdings of the VBCF ETF and SPBO ETF?
VBCF top holdings include Bank of America Corporation, 5.015% 22jul2033, USD (N), JP Morgan, 4.912% 25jul2033, USD and Wells Fargo, 3.35% 2mar2033, USD (U). SPBO holds in its top three: Citigroup, 4.91% 24may2033, USD, Bank of America Corporation, 7.75% 14may2038, USD and JP Morgan, 5.576% 23jul2036, USD.
Which ETF is more diversified: VBCF or SPBO?
VBCF holds 377 securities with 14.5% of its assets in the top 15. SPBO has 4135 securities and a top 15 weight of 2.4%.
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