SPLB vs. VCLT
Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Vanguard Long-Term Corporate Bond ETF (VCLT).
SPLB and VCLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays Long U.S. Corporate Index. It was launched on Mar 10, 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 SPLB 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: SPLB or VCLT.
Correlation
The correlation between SPLB 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.
Performance
SPLB vs. VCLT - Performance Comparison
Key characteristics
SPLB:
0.45
VCLT:
0.46
SPLB:
0.70
VCLT:
0.70
SPLB:
1.08
VCLT:
1.08
SPLB:
0.19
VCLT:
0.19
SPLB:
1.12
VCLT:
1.13
SPLB:
4.14%
VCLT:
4.15%
SPLB:
10.22%
VCLT:
10.23%
SPLB:
-34.46%
VCLT:
-34.31%
SPLB:
-18.44%
VCLT:
-18.38%
Returns By Period
The year-to-date returns for both investments are quite close, with SPLB having a 3.09% return and VCLT slightly higher at 3.15%. Over the past 10 years, SPLB has underperformed VCLT with an annualized return of 1.90%, while VCLT has yielded a comparatively higher 2.03% annualized return.
SPLB
3.09%
-0.22%
-2.31%
4.49%
-0.11%
1.90%
VCLT
3.15%
-0.08%
-2.21%
4.52%
-0.09%
2.03%
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SPLB vs. VCLT - Expense Ratio Comparison
SPLB has a 0.07% 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
SPLB vs. VCLT — Risk-Adjusted Performance Rank
SPLB
VCLT
SPLB vs. VCLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) 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
SPLB vs. VCLT - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 5.15%, which matches VCLT's 5.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 5.15% | 5.20% | 4.60% | 4.53% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% | 4.25% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.18% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% | 4.29% |
Drawdowns
SPLB vs. VCLT - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, roughly equal to the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for SPLB and VCLT. For additional features, visit the drawdowns tool.
Volatility
SPLB vs. VCLT - Volatility Comparison
SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Vanguard Long-Term Corporate Bond ETF (VCLT) have volatilities of 2.25% and 2.30%, 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.