VCIT vs. VCLT
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Vanguard Long-Term Corporate Bond ETF (VCLT).
VCIT and VCLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009. VCLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 10+ Year Corporate Index. It was launched on Nov 19, 2009. Both VCIT and VCLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCIT or VCLT.
Performance
VCIT vs. VCLT - Performance Comparison
Returns By Period
In the year-to-date period, VCIT achieves a 3.31% return, which is significantly higher than VCLT's -0.39% return. Over the past 10 years, VCIT has outperformed VCLT with an annualized return of 2.77%, while VCLT has yielded a comparatively lower 2.53% annualized return.
VCIT
3.31%
-0.79%
4.25%
8.55%
0.94%
2.77%
VCLT
-0.39%
-1.08%
3.50%
8.10%
-1.49%
2.53%
Key characteristics
| VCIT | VCLT | |
|---|---|---|
| Sharpe Ratio | 1.56 | 0.81 |
| Sortino Ratio | 2.32 | 1.20 |
| Omega Ratio | 1.27 | 1.14 |
| Calmar Ratio | 0.68 | 0.33 |
| Martin Ratio | 6.07 | 2.36 |
| Ulcer Index | 1.45% | 3.70% |
| Daily Std Dev | 5.63% | 10.84% |
| Max Drawdown | -20.56% | -34.31% |
| Current Drawdown | -5.08% | -19.66% |
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VCIT vs. VCLT - Expense Ratio Comparison
Both VCIT and VCLT have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between VCIT and VCLT is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VCIT vs. VCLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) 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.
Dividends
VCIT vs. VCLT - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.30%, less than VCLT's 5.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.30% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.01% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% | 4.29% | 4.83% |
Drawdowns
VCIT vs. VCLT - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for VCIT and VCLT. For additional features, visit the drawdowns tool.
Volatility
VCIT vs. VCLT - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is 1.63%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 3.54%. This indicates that VCIT experiences smaller price fluctuations and is considered to be less risky than VCLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.