HBB vs. VCLT

Last updated Jun 23, 2026

HBB (Hamilton Beach Brands Holding Company) is a stock, while VCLT (Vanguard Long-Term Corporate Bond ETF) is Corporate Bonds fund tracking the Bloomberg U.S. 10+ Year Corporate Bond Index. Over the past 5 years, HBB returned 0.38%/yr vs -2.16%/yr for VCLT. At a 0.07 correlation, their price movements are largely independent.

Performance

HBB vs. VCLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hamilton Beach Brands Holding Company (HBB) and Vanguard Long-Term Corporate Bond ETF (VCLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HBB achieves a 25.51% return, which is significantly higher than VCLT's 1.27% return.

HBB

• 1D: -0.20%
• 1M: 4.62%
• YTD: 25.51%
• 6M: 31.01%
• 1Y: 24.77%
• 3Y*: 28.81%
• 5Y*: 0.38%
• 10Y*: —

VCLT

• 1D: -0.40%
• 1M: 1.31%
• YTD: 1.27%
• 6M: 1.30%
• 1Y: 6.37%
• 3Y*: 4.08%
• 5Y*: -2.16%
• 10Y*: 2.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HBB vs. VCLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HBB Hamilton Beach Brands Holding Company	25.51%	0.52%	-1.60%	46.40%	-10.86%	-16.17%	-6.01%	-17.00%	-7.40%	-21.58%
VCLT Vanguard Long-Term Corporate Bond ETF	1.27%	7.18%	-1.90%	11.17%	-25.50%	-1.73%	13.27%	23.89%	-7.04%	3.10%

Correlation

The correlation between HBB and VCLT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Oct 2, 2017	0.07

Over the past year, HBB and VCLT have become more correlated (0.29) than their long-term average of 0.07, meaning their price movements have been converging.

Return for Risk

HBB vs. VCLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HBB

HBB Risk / Return Rank: 57
HBB Sharpe Ratio Rank: 58
HBB Sortino Ratio Rank: 56
HBB Omega Ratio Rank: 55
HBB Calmar Ratio Rank: 58
HBB Martin Ratio Rank: 57

VCLT

VCLT Risk / Return Rank: 23
VCLT Sharpe Ratio Rank: 24
VCLT Sortino Ratio Rank: 22
VCLT Omega Ratio Rank: 21
VCLT Calmar Ratio Rank: 26
VCLT Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HBB vs. VCLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Beach Brands Holding Company (HBB) 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.

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.

	HBB	VCLT	Difference
Sharpe ratio: Return per unit of total volatility	0.47	0.82	-0.35
Sortino ratio: Return per unit of downside risk	1.04	1.21	-0.17
Omega ratio: Gain probability vs. loss probability	1.13	1.14	-0.01
Calmar ratio: Return relative to maximum drawdown	0.72	1.22	-0.50
Martin ratio: Return relative to average drawdown	1.37	2.95	-1.58

HBB vs. VCLT - Sharpe Ratio Comparison

The current HBB Sharpe Ratio is 0.47, which is lower than the VCLT Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of HBB and VCLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HBB vs. VCLT - Drawdown Comparison

The maximum HBB drawdown since its inception was -81.89%, which is greater than VCLT's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for HBB and VCLT.

Drawdown Indicators

	HBB	VCLT	Difference
Max Drawdown Largest peak-to-trough decline	-81.89%	-34.31%	-47.58%
Max Drawdown (1Y) Largest decline over 1 year	-34.70%	-5.25%	-29.45%
Max Drawdown (3Y) Largest decline over 3 years	-57.65%	-13.03%	-44.62%
Max Drawdown (5Y) Largest decline over 5 years	-58.51%	-34.31%	-24.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.31%	—
Current Drawdown Current decline from peak	-36.62%	-14.12%	-22.50%
Average Drawdown Average peak-to-trough decline	-50.55%	-8.17%	-42.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.15%	2.17%	+15.98%

Volatility

HBB vs. VCLT - Volatility Comparison

Hamilton Beach Brands Holding Company (HBB) has a higher volatility of 8.58% compared to Vanguard Long-Term Corporate Bond ETF (VCLT) at 1.91%. This indicates that HBB'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.

Volatility by Period

	HBB	VCLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.58%	1.91%	+6.67%
Volatility (6M) Calculated over the trailing 6-month period	37.65%	5.84%	+31.81%
Volatility (1Y) Calculated over the trailing 1-year period	53.28%	7.84%	+45.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.15%	12.76%	+41.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.02%	12.85%	+45.17%

Dividends

HBB vs. VCLT - Dividend Comparison

HBB's dividend yield for the trailing twelve months is around 2.38%, less than VCLT's 5.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HBB Hamilton Beach Brands Holding Company	2.38%	2.89%	2.70%	2.49%	3.35%	2.75%	2.11%	1.86%	1.45%	0.33%	0.00%	0.00%
VCLT Vanguard Long-Term Corporate Bond ETF	5.53%	5.51%	5.19%	4.67%	4.44%	3.07%	3.16%	3.81%	4.55%	4.01%	4.33%	4.68%

Frequently Asked Questions

Can I hold both HBB and VCLT in my portfolio?

HBB and VCLT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HBB or VCLT?

HBB has higher volatility (8.58%) compared to VCLT (1.91%). In terms of maximum drawdown, HBB dropped -81.89% vs VCLT's -34.31%.

Which has better risk-adjusted returns?

VCLT currently has the higher Sharpe Ratio (0.82 vs 0.47), 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.