BHK vs. VGLT
Compare and contrast key facts about BlackRock Core Bond Trust (BHK) and Vanguard Long-Term Treasury ETF (VGLT).
VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted 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 VGLT.
Key characteristics
| BHK | VGLT | |
|---|---|---|
| YTD Return | -3.57% | -9.34% |
| 1Y Return | 0.87% | -12.39% |
| 3Y Return (Ann) | -6.76% | -11.07% |
| 5Y Return (Ann) | 1.39% | -3.82% |
| 10Y Return (Ann) | 3.88% | 0.37% |
| Sharpe Ratio | 0.19 | -0.84 |
| Daily Std Dev | 13.16% | 15.68% |
| Max Drawdown | -39.60% | -46.18% |
| Current Drawdown | -26.64% | -41.76% |
Correlation
The correlation between BHK and VGLT is 0.28, 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. VGLT - Performance Comparison
In the year-to-date period, BHK achieves a -3.57% return, which is significantly higher than VGLT's -9.34% return. Over the past 10 years, BHK has outperformed VGLT with an annualized return of 3.88%, while VGLT has yielded a comparatively lower 0.37% 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. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Trust (BHK) and Vanguard Long-Term Treasury ETF (VGLT). 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. VGLT - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 8.75%, more than VGLT's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | 8.75% | 8.21% | 7.91% | 6.29% | 5.00% | 5.25% | 6.30% | 5.48% | 6.14% | 6.93% | 7.98% | 6.75% |
VGLT Vanguard Long-Term Treasury ETF | 3.86% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
Drawdowns
BHK vs. VGLT - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.60%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for BHK and VGLT. For additional features, visit the drawdowns tool.
Volatility
BHK vs. VGLT - Volatility Comparison
The current volatility for BlackRock Core Bond Trust (BHK) is 2.82%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.93%. This indicates that BHK experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.