IGBH vs. VCLT
Compare and contrast key facts about iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and Vanguard Long-Term Corporate Bond ETF (VCLT).
IGBH and VCLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGBH is a passively managed fund by iShares that tracks the performance of the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. It was launched on Jul 22, 2015. 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 IGBH 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGBH or VCLT.
Key characteristics
| IGBH | VCLT | |
|---|---|---|
| YTD Return | 7.90% | 1.74% |
| 1Y Return | 10.48% | 14.88% |
| 3Y Return (Ann) | 5.24% | -5.69% |
| 5Y Return (Ann) | 4.83% | -0.77% |
| Sharpe Ratio | 2.68 | 1.43 |
| Sortino Ratio | 3.76 | 2.08 |
| Omega Ratio | 1.55 | 1.25 |
| Calmar Ratio | 3.60 | 0.55 |
| Martin Ratio | 15.37 | 4.45 |
| Ulcer Index | 0.71% | 3.55% |
| Daily Std Dev | 4.07% | 11.01% |
| Max Drawdown | -33.67% | -34.31% |
| Current Drawdown | 0.00% | -17.94% |
Correlation
The correlation between IGBH and VCLT is 0.27, 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.
Performance
IGBH vs. VCLT - Performance Comparison
In the year-to-date period, IGBH achieves a 7.90% return, which is significantly higher than VCLT's 1.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGBH vs. VCLT - Expense Ratio Comparison
IGBH has a 0.16% 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%.
Risk-Adjusted Performance
IGBH vs. VCLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) 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.
Dividends
IGBH vs. VCLT - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 7.22%, more than VCLT's 4.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 7.22% | 7.32% | 3.84% | 2.71% | 2.39% | 3.39% | 6.06% | 2.88% | 2.63% | 1.12% | 0.00% | 0.00% |
VCLT Vanguard Long-Term Corporate Bond ETF | 4.90% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% | 4.29% | 4.83% |
Drawdowns
IGBH vs. VCLT - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, roughly equal to the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for IGBH and VCLT. For additional features, visit the drawdowns tool.
Volatility
IGBH vs. VCLT - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is 1.07%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 3.83%. This indicates that IGBH 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.