BNDC vs. VCLT
Compare and contrast key facts about FlexShares Core Select Bond Fund (BNDC) and Vanguard Long-Term Corporate Bond ETF (VCLT).
BNDC and VCLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNDC is an actively managed fund by Northern Trust. It was launched on Nov 18, 2016. 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: BNDC or VCLT.
Key characteristics
| BNDC | VCLT | |
|---|---|---|
| YTD Return | 1.17% | 0.29% |
| 1Y Return | 7.66% | 13.41% |
| 3Y Return (Ann) | -2.74% | -6.13% |
| 5Y Return (Ann) | -0.27% | -1.17% |
| Sharpe Ratio | 1.28 | 1.19 |
| Sortino Ratio | 1.90 | 1.74 |
| Omega Ratio | 1.22 | 1.20 |
| Calmar Ratio | 0.48 | 0.46 |
| Martin Ratio | 4.41 | 3.71 |
| Ulcer Index | 1.74% | 3.57% |
| Daily Std Dev | 6.00% | 11.09% |
| Max Drawdown | -18.79% | -34.31% |
| Current Drawdown | -9.67% | -19.12% |
Correlation
The correlation between BNDC and VCLT is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BNDC vs. VCLT - Performance Comparison
In the year-to-date period, BNDC achieves a 1.17% return, which is significantly higher than VCLT's 0.29% 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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BNDC vs. VCLT - Expense Ratio Comparison
BNDC has a 0.35% expense ratio, which is higher than VCLT's 0.04% expense ratio.
Risk-Adjusted Performance
BNDC vs. VCLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Core Select Bond Fund (BNDC) 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
BNDC vs. VCLT - Dividend Comparison
BNDC's dividend yield for the trailing twelve months is around 3.68%, less than VCLT's 4.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDC FlexShares Core Select Bond Fund | 3.68% | 3.20% | 2.65% | 1.73% | 2.61% | 2.88% | 2.86% | 2.50% | 0.64% | 0.00% | 0.00% | 0.00% |
VCLT Vanguard Long-Term Corporate Bond ETF | 4.98% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% | 4.29% | 4.83% |
Drawdowns
BNDC vs. VCLT - Drawdown Comparison
The maximum BNDC drawdown since its inception was -18.79%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for BNDC and VCLT. For additional features, visit the drawdowns tool.
Volatility
BNDC vs. VCLT - Volatility Comparison
The current volatility for FlexShares Core Select Bond Fund (BNDC) is 1.75%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 4.07%. This indicates that BNDC 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.