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BHK vs. VCLT

Last updated May 27, 2023

Compare and contrast key facts about BlackRock Core Bond Trust (BHK) and Vanguard Long-Term Corporate Bond ETF (VCLT).

VCLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 10+ Year Corporate Index. It was launched on Nov 19, 2009.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHK or VCLT.

Key characteristics


BHKVCLT
YTD Return2.16%2.45%
1Y Return-4.72%-6.73%
5Y Return (Ann)1.98%0.80%
10Y Return (Ann)3.13%2.68%
Sharpe Ratio-0.22-0.41
Daily Std Dev19.25%16.78%
Max Drawdown-39.67%-34.31%

Correlation

0.30
-1.001.00

The correlation between BHK and VCLT is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

BHK vs. VCLT - Performance Comparison

In the year-to-date period, BHK achieves a 2.16% return, which is significantly lower than VCLT's 2.45% return. Over the past 10 years, BHK has outperformed VCLT with an annualized return of 3.13%, while VCLT has yielded a comparatively lower 2.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%December2023FebruaryMarchAprilMay
-2.40%
0.75%
BHK
VCLT

Compare stocks, funds, or ETFs


BlackRock Core Bond Trust

BHK vs. VCLT - Dividend Comparison

BHK's dividend yield for the trailing twelve months is around 11.64%, more than VCLT's 5.97% yield.


TTM20222021202020192018201720162015201420132012
BHK
BlackRock Core Bond Trust
11.64%8.18%7.09%5.97%6.62%8.41%7.77%9.22%11.05%13.61%12.49%11.72%
VCLT
Vanguard Long-Term Corporate Bond ETF
5.97%4.51%3.25%3.44%4.30%5.34%4.91%5.54%6.24%5.98%7.04%7.00%

BHK vs. VCLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Trust (BHK) and Vanguard Long-Term Corporate Bond ETF (VCLT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BHK
BlackRock Core Bond Trust
-0.22
VCLT
Vanguard Long-Term Corporate Bond ETF
-0.41

BHK vs. VCLT - Sharpe Ratio Comparison

The current BHK Sharpe Ratio is -0.22, which is higher than the VCLT Sharpe Ratio of -0.41. The chart below compares the 12-month rolling Sharpe Ratio of BHK and VCLT.


-1.50-1.00-0.500.00December2023FebruaryMarchAprilMay
-0.22
-0.41
BHK
VCLT

BHK vs. VCLT - Drawdown Comparison

The maximum BHK drawdown for the period was -33.77%, roughly equal to the maximum VCLT drawdown of -27.45%. The drawdown chart below compares losses from any high point along the way for BHK and VCLT


-34.00%-32.00%-30.00%-28.00%-26.00%-24.00%-22.00%-20.00%December2023FebruaryMarchAprilMay
-32.14%
-25.68%
BHK
VCLT

BHK vs. VCLT - Volatility Comparison

The current volatility for BlackRock Core Bond Trust (BHK) is 3.62%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 4.14%. This indicates that BHK experiences smaller price fluctuations and is considered to be less risky than VCLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%December2023FebruaryMarchAprilMay
3.62%
4.14%
BHK
VCLT