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 | 2.16% | 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 Dev | 19.25% | 16.78% |
| Max Drawdown | -39.67% | -34.31% |
Correlation
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.
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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.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | -0.22 | ||||
VCLT Vanguard Long-Term Corporate Bond ETF | -0.41 |
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
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.