FBLTX vs. VCLT
Compare and contrast key facts about Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) and Vanguard Long-Term Corporate Bond ETF (VCLT).
FBLTX is managed by Fidelity. It was launched on Oct 8, 2015. 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.
Performance
FBLTX vs. VCLT - Performance Comparison
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FBLTX vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | -0.25% | 4.39% | -8.05% | 2.71% | -31.84% | -4.89% | 18.27% | 14.36% | -1.24% | 9.06% |
VCLT Vanguard Long-Term Corporate Bond ETF | -0.48% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | -7.04% | 11.70% |
Returns By Period
In the year-to-date period, FBLTX achieves a -0.25% return, which is significantly higher than VCLT's -0.48% return. Over the past 10 years, FBLTX has underperformed VCLT with an annualized return of -1.47%, while VCLT has yielded a comparatively higher 2.47% annualized return.
FBLTX
- 1D
- -0.15%
- 1M
- -3.47%
- YTD
- -0.25%
- 6M
- -1.29%
- 1Y
- -1.56%
- 3Y*
- -2.81%
- 5Y*
- -6.07%
- 10Y*
- -1.47%
VCLT
- 1D
- 0.16%
- 1M
- -2.31%
- YTD
- -0.48%
- 6M
- -1.46%
- 1Y
- 3.64%
- 3Y*
- 3.12%
- 5Y*
- -1.70%
- 10Y*
- 2.47%
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FBLTX vs. VCLT - Expense Ratio Comparison
FBLTX has a 0.03% expense ratio, which is lower than VCLT's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FBLTX vs. VCLT — Risk / Return Rank
FBLTX
VCLT
FBLTX vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) 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.
| FBLTX | VCLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | 0.36 | -0.42 |
Sortino ratioReturn per unit of downside risk | -0.01 | 0.54 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.07 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.78 | -0.57 |
Martin ratioReturn relative to average drawdown | 0.44 | 1.80 | -1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBLTX | VCLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.36 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.13 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.19 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.39 | -0.44 |
Correlation
The correlation between FBLTX and VCLT is 0.82, 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.
Dividends
FBLTX vs. VCLT - Dividend Comparison
FBLTX's dividend yield for the trailing twelve months is around 3.75%, less than VCLT's 5.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | 3.75% | 4.04% | 3.60% | 3.29% | 2.25% | 1.81% | 6.73% | 2.39% | 2.87% | 2.68% | 3.70% | 0.39% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.64% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Drawdowns
FBLTX vs. VCLT - Drawdown Comparison
The maximum FBLTX drawdown since its inception was -49.06%, which is greater than VCLT's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for FBLTX and VCLT.
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Drawdown Indicators
| FBLTX | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -34.31% | -14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -5.39% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -44.19% | -34.31% | -9.88% |
Max Drawdown (10Y)Largest decline over 10 years | -49.06% | -34.31% | -14.75% |
Current DrawdownCurrent decline from peak | -41.11% | -15.60% | -25.51% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -8.09% | -12.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 2.33% | +2.14% |
Volatility
FBLTX vs. VCLT - Volatility Comparison
The current volatility for Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) is 3.71%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 3.99%. This indicates that FBLTX 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.
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Volatility by Period
| FBLTX | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 3.99% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 5.62% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 10.21% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 12.80% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 12.84% | +1.78% |