GDO vs. VLTCX
GDO (Western Asset Global Corporate Defined Opportunity Fund Inc) and VLTCX (Vanguard Long-Term Corporate Bond Index Fund Admiral Shares) are both Corporate Bonds funds. Over the past 10 years, GDO returned 4.29%/yr vs 2.42%/yr for VLTCX. At a 0.15 correlation, their price movements are largely independent. GDO charges 0.01%/yr vs 0.07%/yr for VLTCX.
Performance
GDO vs. VLTCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GDO achieves a -3.49% return, which is significantly lower than VLTCX's 1.22% return. Over the past 10 years, GDO has outperformed VLTCX with an annualized return of 4.29%, while VLTCX has yielded a comparatively lower 2.42% annualized return.
GDO
- 1D
- -0.37%
- 1M
- -0.51%
- YTD
- -3.49%
- 6M
- -1.59%
- 1Y
- 7.11%
- 3Y*
- 8.07%
- 5Y*
- 0.02%
- 10Y*
- 4.29%
VLTCX
- 1D
- 0.10%
- 1M
- 1.99%
- YTD
- 1.22%
- 6M
- 0.35%
- 1Y
- 8.16%
- 3Y*
- 4.67%
- 5Y*
- -1.46%
- 10Y*
- 2.42%
GDO vs. VLTCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDO Western Asset Global Corporate Defined Opportunity Fund Inc | -3.49% | 18.25% | -0.79% | 10.39% | -20.30% | 3.38% | 6.82% | 30.72% | -10.12% | 13.48% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 1.22% | 7.27% | -1.47% | 11.05% | -25.77% | -1.16% | 13.68% | 23.19% | -6.85% | 12.40% |
Correlation
The correlation between GDO and VLTCX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2009 | 0.15 |
The correlation between GDO and VLTCX shifts across timeframes, from 0.15 (all time) to 0.40 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GDO vs. VLTCX — Risk / Return Rank
GDO
VLTCX
GDO vs. VLTCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) and Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX). 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.
| GDO | VLTCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.60 | -0.74 |
| Martin ratioReturn relative to average drawdown | 2.61 | 3.93 | -1.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GDO | VLTCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.11 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.12 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.23 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.45 | -0.05 |
Drawdowns
GDO vs. VLTCX - Drawdown Comparison
The maximum GDO drawdown since its inception was -34.61%, roughly equal to the maximum VLTCX drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for GDO and VLTCX.
Loading charts...
Drawdown Indicators
| GDO | VLTCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.61% | -34.56% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -5.29% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -12.87% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -34.61% | -34.56% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -34.61% | -34.56% | -0.05% |
Current DrawdownCurrent decline from peak | -4.08% | -13.80% | +9.72% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -8.04% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.15% | +0.58% |
Volatility
GDO vs. VLTCX - Volatility Comparison
Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) and Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) have volatilities of 2.54% and 2.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GDO | VLTCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 2.46% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 5.52% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.19% | 7.68% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.30% | 11.87% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.29% | 10.60% | +2.69% |
GDO vs. VLTCX - Expense Ratio Comparison
GDO has a 0.02% expense ratio, which is lower than VLTCX's 0.07% 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%.
Dividends
GDO vs. VLTCX - Dividend Comparison
GDO's dividend yield for the trailing twelve months is around 13.57%, more than VLTCX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDO Western Asset Global Corporate Defined Opportunity Fund Inc | 13.57% | 12.40% | 12.04% | 9.52% | 9.49% | 6.93% | 6.70% | 6.65% | 8.41% | 7.57% | 7.96% | 8.62% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 5.50% | 5.48% | 5.58% | 4.65% | 4.41% | 3.03% | 3.15% | 3.82% | 4.56% | 4.01% | 4.37% | 4.71% |
Frequently Asked Questions
GDO and VLTCX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDO has higher volatility (2.54%) compared to VLTCX (2.46%). In terms of maximum drawdown, GDO dropped -34.61% vs VLTCX's -34.56%.
VLTCX currently has the higher Sharpe Ratio (1.11 vs 0.87), 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.
Find the right allocation for GDO and VLTCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer