IGLB vs. VCLT
Compare and contrast key facts about iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and Vanguard Long-Term Corporate Bond ETF (VCLT).
IGLB and VCLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLB is a passively managed fund by iShares that tracks the performance of the ICE BofAML10+ Year US Corporate Index. It was launched on Dec 8, 2009. 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 IGLB 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: IGLB or VCLT.
Performance
IGLB vs. VCLT - Performance Comparison
Returns By Period
Over the past 10 years, IGLB has underperformed VCLT with an annualized return of 2.44%, while VCLT has yielded a comparatively higher 2.63% annualized return.
IGLB
0.00%
-3.85%
3.06%
10.37%
-1.21%
2.44%
VCLT
-0.36%
-3.91%
2.97%
10.04%
-1.30%
2.63%
Key characteristics
| IGLB | VCLT | |
|---|---|---|
| Sharpe Ratio | 1.08 | 1.03 |
| Sortino Ratio | 1.57 | 1.51 |
| Omega Ratio | 1.18 | 1.18 |
| Calmar Ratio | 0.43 | 0.42 |
| Martin Ratio | 3.24 | 3.11 |
| Ulcer Index | 3.56% | 3.63% |
| Daily Std Dev | 10.74% | 10.91% |
| Max Drawdown | -34.12% | -34.31% |
| Current Drawdown | -19.20% | -19.64% |
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IGLB vs. VCLT - Expense Ratio Comparison
IGLB has a 0.06% 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%.
Correlation
The correlation between IGLB and VCLT is 0.89, 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.
Risk-Adjusted Performance
IGLB vs. VCLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) 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
IGLB vs. VCLT - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 4.96%, which matches VCLT's 5.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 4.96% | 4.59% | 4.56% | 3.16% | 3.23% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% | 4.12% | 5.08% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.01% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% | 4.29% | 4.83% |
Drawdowns
IGLB vs. VCLT - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, roughly equal to the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for IGLB and VCLT. For additional features, visit the drawdowns tool.
Volatility
IGLB vs. VCLT - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and Vanguard Long-Term Corporate Bond ETF (VCLT) have volatilities of 3.73% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.