IBDO vs. VCLT
IBDO (iShares iBonds Dec 2023 Term Corporate ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both Corporate Bonds funds - IBDO tracks the Bloomberg December 2023 Maturity Corporate Index while VCLT tracks the Bloomberg U.S. 10+ Year Corporate Bond Index. Both are passively managed. At a 0.38 correlation, their price movements are largely independent. IBDO charges 0.10%/yr vs 0.03%/yr for VCLT.
Performance
IBDO vs. VCLT - Performance Comparison
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Returns By Period
IBDO
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VCLT
- 1D
- -0.05%
- 1M
- -2.00%
- 6M
- -1.73%
- YTD
- -0.51%
- 1Y
- 4.85%
- 3Y*
- 3.47%
- 5Y*
- -2.90%
- 10Y*
- 1.75%
IBDO vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.00% | 0.00% | 0.00% | 4.93% | -0.68% | -0.29% | 5.37% | 8.94% | -0.49% | 4.45% |
VCLT Vanguard Long-Term Corporate Bond ETF | -0.51% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | -7.04% | 11.70% |
Correlation
The correlation between IBDO and VCLT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2015 | 0.38 |
The correlation between IBDO and VCLT shifts across timeframes, from -0.00 (3 years) to 0.39 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBDO vs. VCLT — Risk / Return Rank
IBDO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VCLT
IBDO vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) 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.
| IBDO | VCLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.93 | — |
| Martin ratioReturn relative to average drawdown | — | 2.18 | — |
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Drawdowns
IBDO vs. VCLT - Drawdown Comparison
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Drawdown Indicators
| IBDO | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -34.31% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.25% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | — | -15.63% | — |
Average DrawdownAverage peak-to-trough decline | — | -8.20% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.23% | — |
Volatility
IBDO vs. VCLT - Volatility Comparison
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Volatility by Period
| IBDO | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 7.76% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 12.76% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 12.83% | — |
IBDO vs. VCLT - Expense Ratio Comparison
IBDO has a 0.10% expense ratio, which is higher than VCLT's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBDO vs. VCLT - Dividend Comparison
IBDO has not paid dividends to shareholders, while VCLT's dividend yield for the trailing twelve months is around 5.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.00% | 0.00% | 0.00% | 3.61% | 1.85% | 2.04% | 2.47% | 3.01% | 3.10% | 2.96% | 3.01% | 2.39% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.66% | 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
IBDO and VCLT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCLT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCLT is cheaper with a 0.03% expense ratio, compared with 0.10% for IBDO.
VCLT has the higher dividend yield at 5.66%, compared with 0.00% for IBDO.
IBDO tracks Bloomberg December 2023 Maturity Corporate Index, while VCLT tracks Bloomberg U.S. 10+ Year Corporate Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for IBDO and 0.03% for VCLT.
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