IETC vs. VCLT
IETC (iShares U.S. Tech Independence Focused ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both exchange-traded funds - IETC is a Technology Equities fund actively managed by iShares, while VCLT is a Corporate Bonds fund tracking the Bloomberg U.S. 10+ Year Corporate Bond Index. IETC is actively managed, while VCLT is passively managed. Over the past 5 years, IETC returned 15.69%/yr vs -2.36%/yr for VCLT. At a 0.23 correlation, their price movements are largely independent. IETC charges 0.18%/yr vs 0.03%/yr for VCLT.
Performance
IETC vs. VCLT - Performance Comparison
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Returns By Period
In the year-to-date period, IETC achieves a 5.11% return, which is significantly higher than VCLT's 1.37% return.
IETC
- 1D
- -0.89%
- 1M
- 0.18%
- YTD
- 5.11%
- 6M
- 8.61%
- 1Y
- 18.80%
- 3Y*
- 25.22%
- 5Y*
- 15.69%
- 10Y*
- —
VCLT
- 1D
- -0.16%
- 1M
- 2.66%
- YTD
- 1.37%
- 6M
- 1.50%
- 1Y
- 6.63%
- 3Y*
- 4.12%
- 5Y*
- -2.36%
- 10Y*
- 2.26%
IETC vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 5.11% | 19.56% | 37.57% | 54.35% | -32.78% | 29.73% | 46.59% | 43.09% | -3.75% |
VCLT Vanguard Long-Term Corporate Bond ETF | 1.37% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | -1.46% |
Correlation
The correlation between IETC and VCLT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.23 |
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Return for Risk
IETC vs. VCLT — Risk / Return Rank
IETC
VCLT
IETC vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Independence Focused ETF (IETC) 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.
| IETC | VCLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.27 | -0.38 |
| Martin ratioReturn relative to average drawdown | 2.44 | 3.07 | -0.63 |
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Drawdowns
IETC vs. VCLT - Drawdown Comparison
The maximum IETC drawdown since its inception was -38.48%, which is greater than VCLT's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for IETC and VCLT.
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Drawdown Indicators
| IETC | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -34.31% | -4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -5.25% | -15.94% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -13.03% | -12.14% |
Max Drawdown (5Y)Largest decline over 5 years | -38.48% | -34.31% | -4.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | -9.78% | -14.04% | +4.26% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -8.17% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 2.16% | +5.57% |
Volatility
IETC vs. VCLT - Volatility Comparison
iShares U.S. Tech Independence Focused ETF (IETC) has a higher volatility of 10.32% compared to Vanguard Long-Term Corporate Bond ETF (VCLT) at 2.21%. This indicates that IETC'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
| IETC | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.32% | 2.21% | +8.11% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 5.83% | +12.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.47% | 7.83% | +14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.78% | 12.77% | +12.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.47% | 12.85% | +12.62% |
IETC vs. VCLT - Expense Ratio Comparison
IETC has a 0.18% 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
IETC vs. VCLT - Dividend Comparison
IETC's dividend yield for the trailing twelve months is around 0.39%, less than VCLT's 5.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 0.39% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% | 0.00% | 0.00% | 0.00% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.52% | 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
IETC and VCLT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IETC has higher volatility (10.32%) compared to VCLT (2.21%). In terms of maximum drawdown, IETC dropped -38.48% vs VCLT's -34.31%.
On 5-year performance, IETC leads with 15.69% vs -2.36% for VCLT. On fees, VCLT is cheaper at 0.03% per year. On volatility, VCLT has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IETC has performed better with a 15.69% return vs -2.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCLT is cheaper with a 0.03% expense ratio, compared with 0.18% for IETC.
VCLT has the higher dividend yield at 5.52%, compared with 0.39% for IETC.
IETC is categorized as Technology Equities, while VCLT is Corporate Bonds. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IETC and 0.03% for VCLT.
VCLT currently has the higher Sharpe Ratio (0.85 vs 0.84), 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.
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