VBCE vs. VCLT
VBCE (Vanguard Target Maturity 2031 Corporate Bond ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both Corporate Bonds funds from Vanguard - VBCE tracks the ICE 2031 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 suggests significant overlap in exposure. VBCE charges 0.08%/yr vs 0.03%/yr for VCLT.
Performance
VBCE vs. VCLT - Performance Comparison
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Returns By Period
VBCE
- 1D
- 0.11%
- 1M
- 0.52%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VCLT
- 1D
- 0.00%
- 1M
- 1.76%
- YTD
- 2.21%
- 6M
- 1.47%
- 1Y
- 6.62%
- 3Y*
- 4.39%
- 5Y*
- -1.96%
- 10Y*
- 2.20%
VBCE vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCE Vanguard Target Maturity 2031 Corporate Bond ETF | 1.31% |
VCLT Vanguard Long-Term Corporate Bond ETF | 3.10% |
Correlation
The correlation between VBCE and VCLT is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.86 |
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Return for Risk
VBCE vs. VCLT — Risk / Return Rank
VBCE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VCLT
VBCE vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2031 Corporate Bond ETF (VBCE) 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.
| VBCE | VCLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.27 | — |
| Martin ratioReturn relative to average drawdown | — | 3.06 | — |
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Drawdowns
VBCE vs. VCLT - Drawdown Comparison
The maximum VBCE drawdown since its inception was -1.53%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for VBCE and VCLT.
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Drawdown Indicators
| VBCE | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.53% | -34.31% | +32.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.25% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.03% | — |
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 | -0.21% | -13.32% | +13.11% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -8.18% | +7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.17% | — |
Volatility
VBCE vs. VCLT - Volatility Comparison
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Volatility by Period
| VBCE | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 7.83% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.82% | 12.76% | -8.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.82% | 12.85% | -9.03% |
VBCE vs. VCLT - Expense Ratio Comparison
VBCE 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
VBCE vs. VCLT - Dividend Comparison
VBCE's dividend yield for the trailing twelve months is around 0.47%, less than VCLT's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBCE Vanguard Target Maturity 2031 Corporate Bond ETF | 0.47% | 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 | 5.48% | 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
VBCE 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 VBCE.
VCLT has the higher dividend yield at 5.48%, compared with 0.47% for VBCE.
VBCE tracks ICE 2031 Maturity US Corporate Constrained Index, while VCLT tracks Bloomberg U.S. 10+ Year Corporate Bond Index. Their fees differ too: 0.08% for VBCE and 0.03% for VCLT.
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