BHK vs. VGLT
BHK (BlackRock Core Bond Trust) is a stock, while VGLT (Vanguard Long-Term Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Over the past 10 years, BHK returned 2.76%/yr vs -1.72%/yr for VGLT. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
BHK vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, BHK achieves a -0.92% return, which is significantly higher than VGLT's -2.90% return. Over the past 10 years, BHK has outperformed VGLT with an annualized return of 2.76%, while VGLT has yielded a comparatively lower -1.72% annualized return.
BHK
- 1D
- 0.90%
- 1M
- -1.05%
- 6M
- -0.75%
- YTD
- -0.92%
- 1Y
- 2.54%
- 3Y*
- 4.07%
- 5Y*
- -3.68%
- 10Y*
- 2.76%
- ALL TIME*
- 5.46%
VGLT
- 1D
- 0.37%
- 1M
- -3.15%
- 6M
- -2.54%
- YTD
- -2.90%
- 1Y
- -1.31%
- 3Y*
- -0.04%
- 5Y*
- -7.20%
- 10Y*
- -1.72%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.37M | $3.11M | $2.86M | |
| $99.02M | $99.81M | $109.19M |
BHK vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | -0.92% | 2.51% | 4.02% | 14.42% | -32.52% | 8.03% | 18.02% | 26.36% | -7.59% | 14.22% |
VGLT Vanguard Long-Term Treasury ETF | -2.90% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Correlation
The correlation between BHK and VGLT is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.31 |
Over the past year, BHK and VGLT have become more correlated (0.57) than their long-term average of 0.31, meaning their price movements have been converging.
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Return for Risk
BHK vs. VGLT — Risk / Return Rank
BHK
VGLT
BHK vs. VGLT - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BHK | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.98 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | -0.19 | +0.50 |
| Martin ratioReturn relative to average drawdown | 0.71 | -0.41 | +1.12 |
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Drawdowns
BHK vs. VGLT - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.59%, 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.
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Drawdown Indicators
| BHK | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.59% | -46.18% | +6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -7.03% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -13.38% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -39.59% | -40.98% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -46.18% | +6.59% |
Current DrawdownCurrent decline from peak | -19.60% | -38.41% | +18.81% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -15.27% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.22% | +0.36% |
Volatility
BHK vs. VGLT - Volatility Comparison
BlackRock Core Bond Trust (BHK) has a higher volatility of 3.09% compared to Vanguard Long-Term Treasury ETF (VGLT) at 2.30%. This indicates that BHK's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHK | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.30% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 6.31% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.05% | 8.39% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 14.46% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 13.75% | -0.61% |
Dividends
BHK vs. VGLT - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 9.97%, more than VGLT's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | 9.97% | 9.25% | 8.56% | 8.21% | 7.91% | 6.36% | 5.06% | 5.32% | 6.39% | 5.56% | 6.23% | 7.03% |
VGLT Vanguard Long-Term Treasury ETF | 4.78% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
BHK and VGLT have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHK has higher volatility (3.09%) compared to VGLT (2.30%). In terms of maximum drawdown, BHK dropped -39.59% vs VGLT's -46.18%.
BHK currently has the higher Sharpe Ratio (0.28 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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