VBCG vs. SPLB
VBCG (Vanguard Target Maturity 2033 Corporate Bond ETF) and SPLB (SPDR Portfolio Long Term Corporate Bond ETF) are both Corporate Bonds funds - VBCG tracks the ICE 2033 Maturity US Corporate Constrained Index while SPLB tracks the Bloomberg Barclays Long U.S. Corporate Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. VBCG charges 0.08%/yr vs 0.07%/yr for SPLB.
Performance
VBCG vs. SPLB - Performance Comparison
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Returns By Period
VBCG
- 1D
- -0.12%
- 1M
- -0.45%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPLB
- 1D
- -0.32%
- 1M
- -1.88%
- 6M
- -1.18%
- YTD
- -0.40%
- 1Y
- 4.45%
- 3Y*
- 3.95%
- 5Y*
- -2.85%
- 10Y*
- 1.55%
VBCG vs. SPLB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCG Vanguard Target Maturity 2033 Corporate Bond ETF | 1.11% |
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 0.50% |
Correlation
The correlation between VBCG and SPLB is 0.93, 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 | 0.93 |
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Return for Risk
VBCG vs. SPLB — Risk / Return Rank
VBCG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPLB
VBCG vs. SPLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2033 Corporate Bond ETF (VBCG) and SPDR Portfolio Long Term Corporate Bond ETF (SPLB). 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.
| VBCG | SPLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.08 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.62 | — |
| Martin ratioReturn relative to average drawdown | — | 1.49 | — |
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Drawdowns
VBCG vs. SPLB - Drawdown Comparison
The maximum VBCG drawdown since its inception was -1.90%, smaller than the maximum SPLB drawdown of -34.46%. Use the drawdown chart below to compare losses from any high point for VBCG and SPLB.
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Drawdown Indicators
| VBCG | SPLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.90% | -34.46% | +32.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.46% | — |
Current DrawdownCurrent decline from peak | -0.94% | -15.65% | +14.71% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -8.04% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.24% | — |
Volatility
VBCG vs. SPLB - Volatility Comparison
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Volatility by Period
| VBCG | SPLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 7.90% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 12.69% | -8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.35% | 12.92% | -8.57% |
VBCG vs. SPLB - Expense Ratio Comparison
VBCG has a 0.08% expense ratio, which is higher than SPLB's 0.07% 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
VBCG vs. SPLB - Dividend Comparison
VBCG's dividend yield for the trailing twelve months is around 1.20%, less than SPLB's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 5.48% | 5.25% | 5.20% | 4.60% | 4.53% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% |
VBCG Vanguard Target Maturity 2033 Corporate Bond ETF | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, VBCG and SPLB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPLB is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPLB is cheaper with a 0.07% expense ratio, compared with 0.08% for VBCG.
SPLB has the higher dividend yield at 5.48%, compared with 1.20% for VBCG.
VBCG tracks ICE 2033 Maturity US Corporate Constrained Index, while SPLB tracks Bloomberg Barclays Long U.S. Corporate Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.08% for VBCG and 0.07% for SPLB.
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