VBCD vs. VCLT
VBCD (Vanguard Target Maturity 2030 Corporate Bond ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both Corporate Bonds funds from Vanguard - VBCD tracks the ICE 2030 Maturity US Corporate Constrained Index while VCLT tracks the Bloomberg U.S. 10+ Year Corporate Bond Index. Both are passively managed. Their correlation of 0.86 means they have usually moved in the same direction. VBCD charges 0.08%/yr vs 0.03%/yr for VCLT.
Performance
VBCD vs. VCLT - Performance Comparison
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Returns By Period
VBCD
- 1D
- -0.12%
- 1M
- -0.56%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VCLT
- 1D
- -0.33%
- 1M
- -3.77%
- 6M
- -2.94%
- YTD
- -2.48%
- 1Y
- -0.11%
- 3Y*
- 3.22%
- 5Y*
- -3.49%
- 10Y*
- 1.58%
- ALL TIME*
- 4.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $551.49K | $672.75K | $536.64K | |
| $269.99M | $266.96M | $358.04M |
VBCD vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCD Vanguard Target Maturity 2030 Corporate Bond ETF | 0.63% |
VCLT Vanguard Long-Term Corporate Bond ETF | -1.64% |
Correlation
The correlation between VBCD and VCLT is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.86 |
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Return for Risk
VBCD vs. VCLT — Risk / Return Rank
VBCD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VCLT
VBCD vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2030 Corporate Bond ETF (VBCD) 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.
| VBCD | VCLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.16 | — |
| Martin ratioReturn relative to average drawdown | — | 0.35 | — |
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Drawdowns
VBCD vs. VCLT - Drawdown Comparison
The maximum VBCD drawdown since its inception was -1.23%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for VBCD and VCLT.
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Drawdown Indicators
| VBCD | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.23% | -34.31% | +33.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.38% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | -0.64% | -17.30% | +16.66% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -8.22% | +7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.43% | — |
Volatility
VBCD vs. VCLT - Volatility Comparison
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Volatility by Period
| VBCD | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 7.78% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 12.75% | -9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.90% | 12.83% | -9.93% |
VBCD vs. VCLT - Expense Ratio Comparison
VBCD has a 0.08% 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
VBCD vs. VCLT - Dividend Comparison
VBCD's dividend yield for the trailing twelve months is around 0.83%, less than VCLT's 5.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBCD Vanguard Target Maturity 2030 Corporate Bond ETF | 0.83% | 0.00% | 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 | 5.18% | 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
VBCD and VCLT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCLT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCLT is cheaper with a 0.03% expense ratio, compared with 0.08% for VBCD.
VCLT has the higher dividend yield at 5.18%, compared with 0.83% for VBCD.
VBCD tracks ICE 2030 Maturity US Corporate Constrained Index, while VCLT tracks Bloomberg U.S. 10+ Year Corporate Bond Index. Their fees differ too: 0.08% for VBCD and 0.03% for VCLT.
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