IBDS vs. VCLT

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds Dec 2027 Term Corporate ETF (IBDS) and Vanguard Long-Term Corporate Bond ETF (VCLT).

IBDS and VCLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDS is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays December 2027 Maturity Corporate Index. It was launched on Sep 14, 2017. 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. Both IBDS and VCLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBDS vs. VCLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2027 Term Corporate ETF (IBDS) and Vanguard Long-Term Corporate Bond ETF (VCLT). The values are adjusted to include any dividend payments, if applicable.

IBDS vs. VCLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBDS iShares iBonds Dec 2027 Term Corporate ETF	0.53%	5.86%	4.61%	6.44%	-9.52%	-1.56%	8.95%	15.08%	-2.76%	1.14%
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%	3.77%

Returns By Period

In the year-to-date period, IBDS achieves a 0.53% return, which is significantly higher than VCLT's -0.63% return.

IBDS

• 1D: 0.17%
• 1M: -0.10%
• YTD: 0.53%
• 6M: 1.76%
• 1Y: 4.69%
• 3Y*: 4.94%
• 5Y*: 1.60%
• 10Y*: —

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%

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

IBDS vs. VCLT - Expense Ratio Comparison

IBDS has a 0.10% expense ratio, which is higher than VCLT's 0.04% 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%.

IBDS

iShares iBonds Dec 2027 Term Corporate ETF

VCLT

Vanguard Long-Term Corporate Bond ETF

Return for Risk

IBDS vs. VCLT — Risk / Return Rank

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

IBDS

IBDS Risk / Return Rank: 98
IBDS Sharpe Ratio Rank: 98
IBDS Sortino Ratio Rank: 98
IBDS Omega Ratio Rank: 98
IBDS Calmar Ratio Rank: 97
IBDS Martin Ratio Rank: 98

VCLT

VCLT Risk / Return Rank: 27
VCLT Sharpe Ratio Rank: 25
VCLT Sortino Ratio Rank: 23
VCLT Omega Ratio Rank: 23
VCLT Calmar Ratio Rank: 36
VCLT Martin Ratio Rank: 26

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.

IBDS vs. VCLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Corporate ETF (IBDS) 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.

	IBDS	VCLT	Difference
Sharpe ratio Return per unit of total volatility	3.06	0.40	+2.67
Sortino ratio Return per unit of downside risk	4.76	0.59	+4.17
Omega ratio Gain probability vs. loss probability	1.78	1.08	+0.70
Calmar ratio Return relative to maximum drawdown	5.20	0.82	+4.38
Martin ratio Return relative to average drawdown	29.11	1.92	+27.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBDS vs. VCLT - Sharpe Ratio Comparison

The current IBDS Sharpe Ratio is 3.06, which is higher than the VCLT Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of IBDS and VCLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBDS	VCLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	0.40	+2.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	-0.14	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.39	+0.17

Correlation

The correlation between IBDS and VCLT is 0.71, 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

IBDS vs. VCLT - Dividend Comparison

IBDS's dividend yield for the trailing twelve months is around 4.33%, less than VCLT's 5.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBDS iShares iBonds Dec 2027 Term Corporate ETF	4.33%	4.36%	4.37%	3.81%	2.87%	2.19%	2.66%	3.32%	3.66%	0.97%	0.00%	0.00%
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

IBDS vs. VCLT - Drawdown Comparison

The maximum IBDS drawdown since its inception was -16.75%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for IBDS and VCLT.

Drawdown Indicators

	IBDS	VCLT	Difference
Max Drawdown Largest peak-to-trough decline	-16.75%	-34.31%	+17.56%
Max Drawdown (1Y) Largest decline over 1 year	-0.91%	-5.39%	+4.48%
Max Drawdown (5Y) Largest decline over 5 years	-14.98%	-34.31%	+19.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.31%	—
Current Drawdown Current decline from peak	-0.10%	-15.73%	+15.63%
Average Drawdown Average peak-to-trough decline	-3.43%	-8.08%	+4.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	2.32%	-2.16%

Volatility

IBDS vs. VCLT - Volatility Comparison

The current volatility for iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is 0.42%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 3.98%. This indicates that IBDS 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.

Volatility by Period

	IBDS	VCLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	3.98%	-3.56%
Volatility (6M) Calculated over the trailing 6-month period	0.71%	5.62%	-4.91%
Volatility (1Y) Calculated over the trailing 1-year period	1.54%	10.22%	-8.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.21%	12.81%	-8.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.60%	12.84%	-7.24%