GLIFX vs. VCLT
Compare and contrast key facts about Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) and Vanguard Long-Term Corporate Bond ETF (VCLT).
GLIFX is managed by Lazard. 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
GLIFX vs. VCLT - Performance Comparison
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GLIFX vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 5.89% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
VCLT Vanguard Long-Term Corporate Bond ETF | -0.63% | 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, GLIFX achieves a 5.89% return, which is significantly higher than VCLT's -0.63% return. Over the past 10 years, GLIFX has outperformed VCLT with an annualized return of 9.87%, while VCLT has yielded a comparatively lower 2.46% annualized return.
GLIFX
- 1D
- 1.38%
- 1M
- -7.05%
- YTD
- 5.89%
- 6M
- 11.15%
- 1Y
- 23.17%
- 3Y*
- 14.09%
- 5Y*
- 12.14%
- 10Y*
- 9.87%
VCLT
- 1D
- 0.78%
- 1M
- -2.90%
- YTD
- -0.63%
- 6M
- -1.22%
- 1Y
- 4.03%
- 3Y*
- 3.07%
- 5Y*
- -1.73%
- 10Y*
- 2.46%
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GLIFX vs. VCLT - Expense Ratio Comparison
GLIFX has a 0.97% expense ratio, which is higher than VCLT's 0.04% expense ratio.
Return for Risk
GLIFX vs. VCLT — Risk / Return Rank
GLIFX
VCLT
GLIFX vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) 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.
| GLIFX | VCLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.23 | 0.40 | +1.84 |
Sortino ratioReturn per unit of downside risk | 2.83 | 0.59 | +2.24 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.08 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 2.74 | 0.82 | +1.92 |
Martin ratioReturn relative to average drawdown | 11.44 | 1.92 | +9.53 |
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
| GLIFX | VCLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.40 | +1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | -0.14 | +1.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.19 | +0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.39 | +0.46 |
Correlation
The correlation between GLIFX and VCLT is 0.06, 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.
Dividends
GLIFX vs. VCLT - Dividend Comparison
GLIFX's dividend yield for the trailing twelve months is around 6.37%, more than VCLT's 5.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 6.37% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.62% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Drawdowns
GLIFX vs. VCLT - Drawdown Comparison
The maximum GLIFX drawdown since its inception was -29.65%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for GLIFX and VCLT.
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Drawdown Indicators
| GLIFX | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.65% | -34.31% | +4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -5.39% | -3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.15% | -34.31% | +17.16% |
Max Drawdown (10Y)Largest decline over 10 years | -29.65% | -34.31% | +4.66% |
Current DrawdownCurrent decline from peak | -7.05% | -15.73% | +8.68% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -8.08% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.32% | -0.16% |
Volatility
GLIFX vs. VCLT - Volatility Comparison
Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) has a higher volatility of 4.58% compared to Vanguard Long-Term Corporate Bond ETF (VCLT) at 3.98%. This indicates that GLIFX's price experiences larger fluctuations and is considered to be riskier 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
| GLIFX | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 3.98% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 5.62% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 10.22% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.70% | 12.81% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 12.84% | +0.41% |