PPFIX vs. VCLT
Compare and contrast key facts about Princeton Premium Fund (PPFIX) and Vanguard Long-Term Corporate Bond ETF (VCLT).
PPFIX is managed by Princeton. It was launched on Nov 15, 2016. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PPFIX or VCLT.
Key characteristics
| PPFIX | VCLT | |
|---|---|---|
| YTD Return | 3.14% | 1.74% |
| 1Y Return | 0.51% | 14.88% |
| 3Y Return (Ann) | 0.52% | -5.69% |
| 5Y Return (Ann) | 3.59% | -0.77% |
| Sharpe Ratio | 0.14 | 1.43 |
| Sortino Ratio | 0.16 | 2.08 |
| Omega Ratio | 1.09 | 1.25 |
| Calmar Ratio | 0.18 | 0.55 |
| Martin Ratio | 0.34 | 4.45 |
| Ulcer Index | 1.74% | 3.55% |
| Daily Std Dev | 4.33% | 11.01% |
| Max Drawdown | -15.64% | -34.31% |
| Current Drawdown | -0.80% | -17.94% |
Correlation
The correlation between PPFIX and VCLT is 0.04, 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
PPFIX vs. VCLT - Performance Comparison
In the year-to-date period, PPFIX achieves a 3.14% 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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PPFIX vs. VCLT - Expense Ratio Comparison
PPFIX has a 1.95% expense ratio, which is higher than VCLT's 0.04% expense ratio.
Risk-Adjusted Performance
PPFIX vs. VCLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Princeton Premium Fund (PPFIX) 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
PPFIX vs. VCLT - Dividend Comparison
PPFIX's dividend yield for the trailing twelve months is around 3.66%, less than VCLT's 4.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPFIX Princeton Premium Fund | 3.66% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
PPFIX vs. VCLT - Drawdown Comparison
The maximum PPFIX drawdown since its inception was -15.64%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for PPFIX and VCLT. For additional features, visit the drawdowns tool.
Volatility
PPFIX vs. VCLT - Volatility Comparison
The current volatility for Princeton Premium Fund (PPFIX) is 0.33%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 3.83%. This indicates that PPFIX 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.