VBF vs. VLTCX
Compare and contrast key facts about Invesco Bond Fund (VBF) and Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX).
VBF is an actively managed fund by Invesco. It was launched on Oct 28, 1970. VLTCX is managed by Vanguard. It was launched on Jan 19, 2010.
Performance
VBF vs. VLTCX - Performance Comparison
Loading graphics...
VBF vs. VLTCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBF Invesco Bond Fund | -1.36% | 5.46% | 6.97% | 2.27% | -17.77% | -5.37% | 12.80% | 30.91% | -11.16% | 13.35% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | -1.46% | 7.27% | -1.47% | 11.05% | -25.77% | -1.16% | 13.68% | 23.19% | -6.85% | 12.40% |
Returns By Period
In the year-to-date period, VBF achieves a -1.36% return, which is significantly higher than VLTCX's -1.46% return. Over the past 10 years, VBF has outperformed VLTCX with an annualized return of 3.17%, while VLTCX has yielded a comparatively lower 2.52% annualized return.
VBF
- 1D
- 1.28%
- 1M
- -2.36%
- YTD
- -1.36%
- 6M
- -2.36%
- 1Y
- 2.42%
- 3Y*
- 4.60%
- 5Y*
- -0.72%
- 10Y*
- 3.17%
VLTCX
- 1D
- 1.01%
- 1M
- -3.70%
- YTD
- -1.46%
- 6M
- -1.93%
- 1Y
- 3.19%
- 3Y*
- 3.01%
- 5Y*
- -1.45%
- 10Y*
- 2.52%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VBF vs. VLTCX - Expense Ratio Comparison
VBF has a 0.62% expense ratio, which is higher than VLTCX's 0.07% expense ratio.
Return for Risk
VBF vs. VLTCX — Risk / Return Rank
VBF
VLTCX
VBF vs. VLTCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bond Fund (VBF) and Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX). 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.
| VBF | VLTCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.34 | 0.41 | -0.07 |
Sortino ratioReturn per unit of downside risk | 0.53 | 0.61 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.85 | -0.26 |
Martin ratioReturn relative to average drawdown | 2.19 | 1.99 | +0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VBF | VLTCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.41 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | -0.12 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.24 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.44 | -0.10 |
Correlation
The correlation between VBF and VLTCX is 0.23, 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.
Dividends
VBF vs. VLTCX - Dividend Comparison
VBF's dividend yield for the trailing twelve months is around 5.56%, more than VLTCX's 5.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBF Invesco Bond Fund | 5.56% | 5.46% | 5.51% | 5.31% | 4.60% | 3.36% | 6.89% | 5.04% | 5.40% | 5.07% | 4.56% | 5.40% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 5.16% | 5.48% | 5.58% | 4.65% | 4.41% | 3.03% | 3.15% | 3.82% | 4.56% | 4.01% | 4.37% | 4.71% |
Drawdowns
VBF vs. VLTCX - Drawdown Comparison
The maximum VBF drawdown since its inception was -32.23%, smaller than the maximum VLTCX drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for VBF and VLTCX.
Loading graphics...
Drawdown Indicators
| VBF | VLTCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.23% | -34.56% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.25% | -5.29% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -32.23% | -34.56% | +2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -32.23% | -34.56% | +2.33% |
Current DrawdownCurrent decline from peak | -12.12% | -16.08% | +3.96% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -7.97% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 2.26% | -0.85% |
Volatility
VBF vs. VLTCX - Volatility Comparison
The current volatility for Invesco Bond Fund (VBF) is 2.36%, while Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) has a volatility of 3.47%. This indicates that VBF experiences smaller price fluctuations and is considered to be less risky than VLTCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VBF | VLTCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 3.47% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 5.29% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.17% | 8.94% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.41% | 11.87% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 10.59% | +2.12% |