BHK vs. VCLT
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
BHK | VCLT | |
---|---|---|
YTD Return | -3.10% | -6.81% |
1Y Return | 4.20% | -1.37% |
3Y Return (Ann) | -5.98% | -6.65% |
5Y Return (Ann) | 1.66% | -0.27% |
10Y Return (Ann) | 4.11% | 2.35% |
Sharpe Ratio | 0.22 | -0.17 |
Daily Std Dev | 13.14% | 13.38% |
Max Drawdown | -39.60% | -34.31% |
Current Drawdown | -26.28% | -24.84% |
Correlation
The correlation between BHK and VCLT is 0.32, 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.
Performance
BHK vs. VCLT - Performance Comparison
In the year-to-date period, BHK achieves a -3.10% return, which is significantly higher than VCLT's -6.81% return. Over the past 10 years, BHK has outperformed VCLT with an annualized return of 4.11%, while VCLT has yielded a comparatively lower 2.35% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
BHK vs. VCLT - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 8.71%, more than VCLT's 5.14% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
BlackRock Core Bond Trust | 8.71% | 8.21% | 7.91% | 6.29% | 5.00% | 5.25% | 6.30% | 5.48% | 6.14% | 6.93% | 7.98% | 6.75% |
Vanguard Long-Term Corporate Bond ETF | 5.14% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% | 4.29% | 4.83% |
Drawdowns
BHK vs. VCLT - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.60%, which is greater than VCLT's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for BHK and VCLT. For additional features, visit the drawdowns tool.
Volatility
BHK vs. VCLT - Volatility Comparison
The current volatility for BlackRock Core Bond Trust (BHK) is 2.30%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 3.48%. 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.