VBILX vs. VLTCX
VBILX (Vanguard Intermediate-Term Bond Index Fund Admiral Shares) and VLTCX (Vanguard Long-Term Corporate Bond Index Fund Admiral Shares) are both mutual funds - VBILX is a Total Bond Market fund managed by Vanguard, while VLTCX is a Corporate Bonds fund managed by Vanguard. Over the past 10 years, VBILX returned 1.91%/yr vs 2.42%/yr for VLTCX. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
VBILX vs. VLTCX - Performance Comparison
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Returns By Period
In the year-to-date period, VBILX achieves a -0.05% return, which is significantly lower than VLTCX's 1.22% return. Over the past 10 years, VBILX has underperformed VLTCX with an annualized return of 1.91%, while VLTCX has yielded a comparatively higher 2.42% annualized return.
VBILX
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- -0.05%
- 6M
- -0.26%
- 1Y
- 5.07%
- 3Y*
- 4.38%
- 5Y*
- 0.30%
- 10Y*
- 1.91%
VLTCX
- 1D
- 0.10%
- 1M
- 1.99%
- YTD
- 1.22%
- 6M
- 0.35%
- 1Y
- 8.16%
- 3Y*
- 4.67%
- 5Y*
- -1.46%
- 10Y*
- 2.42%
VBILX vs. VLTCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBILX Vanguard Intermediate-Term Bond Index Fund Admiral Shares | -0.05% | 8.57% | 1.54% | 6.09% | -13.59% | -2.36% | 9.82% | 10.20% | -0.15% | 3.86% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 1.22% | 7.27% | -1.47% | 11.05% | -25.77% | -1.16% | 13.68% | 23.19% | -6.85% | 12.40% |
Correlation
The correlation between VBILX and VLTCX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.87 |
The correlation between VBILX and VLTCX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
VBILX vs. VLTCX — Risk / Return Rank
VBILX
VLTCX
VBILX vs. VLTCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) 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.
| VBILX | VLTCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.60 | -0.12 |
| Martin ratioReturn relative to average drawdown | 4.50 | 3.93 | +0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VBILX | VLTCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.11 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.12 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.23 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.45 | +0.23 |
Drawdowns
VBILX vs. VLTCX - Drawdown Comparison
The maximum VBILX drawdown since its inception was -19.26%, smaller than the maximum VLTCX drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for VBILX and VLTCX.
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Drawdown Indicators
| VBILX | VLTCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -34.56% | +15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -5.29% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -12.87% | +6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -19.15% | -34.56% | +15.41% |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | -34.56% | +15.30% |
Current DrawdownCurrent decline from peak | -1.84% | -13.80% | +11.96% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -8.04% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 2.15% | -1.02% |
Volatility
VBILX vs. VLTCX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) is 1.44%, while Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) has a volatility of 2.46%. This indicates that VBILX 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.
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Volatility by Period
| VBILX | VLTCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 2.46% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 5.52% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 7.68% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 11.87% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 10.60% | -5.24% |
VBILX vs. VLTCX - Expense Ratio Comparison
Both VBILX and VLTCX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VBILX vs. VLTCX - Dividend Comparison
VBILX's dividend yield for the trailing twelve months is around 4.21%, less than VLTCX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBILX Vanguard Intermediate-Term Bond Index Fund Admiral Shares | 4.21% | 4.01% | 3.80% | 3.09% | 1.99% | 3.39% | 2.94% | 2.73% | 2.87% | 2.73% | 3.06% | 3.09% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 5.50% | 5.48% | 5.58% | 4.65% | 4.41% | 3.03% | 3.15% | 3.82% | 4.56% | 4.01% | 4.37% | 4.71% |
Frequently Asked Questions
VBILX and VLTCX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLTCX has higher volatility (2.46%) compared to VBILX (1.44%). In terms of maximum drawdown, VBILX dropped -19.26% vs VLTCX's -34.56%.
VBILX currently has the higher Sharpe Ratio (1.23 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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