VCLT vs. GLIFX
Compare and contrast key facts about Vanguard Long-Term Corporate Bond ETF (VCLT) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX).
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. GLIFX is managed by Lazard.
Performance
VCLT vs. GLIFX - Performance Comparison
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VCLT vs. GLIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCLT Vanguard Long-Term Corporate Bond ETF | -0.48% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | -7.04% | 11.70% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 6.94% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
Returns By Period
In the year-to-date period, VCLT achieves a -0.48% return, which is significantly lower than GLIFX's 6.94% return. Over the past 10 years, VCLT has underperformed GLIFX with an annualized return of 2.47%, while GLIFX has yielded a comparatively higher 9.98% annualized return.
VCLT
- 1D
- 0.16%
- 1M
- -2.31%
- YTD
- -0.48%
- 6M
- -1.46%
- 1Y
- 3.64%
- 3Y*
- 3.12%
- 5Y*
- -1.70%
- 10Y*
- 2.47%
GLIFX
- 1D
- 0.99%
- 1M
- -6.04%
- YTD
- 6.94%
- 6M
- 12.52%
- 1Y
- 24.17%
- 3Y*
- 14.47%
- 5Y*
- 12.27%
- 10Y*
- 9.98%
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VCLT vs. GLIFX - Expense Ratio Comparison
VCLT has a 0.04% expense ratio, which is lower than GLIFX's 0.97% expense ratio.
Return for Risk
VCLT vs. GLIFX — Risk / Return Rank
VCLT
GLIFX
VCLT vs. GLIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond ETF (VCLT) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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.
| VCLT | GLIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.36 | 2.28 | -1.93 |
Sortino ratioReturn per unit of downside risk | 0.54 | 2.90 | -2.36 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.44 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.78 | -2.00 |
Martin ratioReturn relative to average drawdown | 1.80 | 11.41 | -9.61 |
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
| VCLT | GLIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 2.28 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 1.15 | -1.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.76 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.85 | -0.46 |
Correlation
The correlation between VCLT and GLIFX is 0.06, 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
VCLT vs. GLIFX - Dividend Comparison
VCLT's dividend yield for the trailing twelve months is around 5.64%, less than GLIFX's 6.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCLT Vanguard Long-Term Corporate Bond ETF | 5.64% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 6.31% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
Drawdowns
VCLT vs. GLIFX - Drawdown Comparison
The maximum VCLT drawdown since its inception was -34.31%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for VCLT and GLIFX.
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Drawdown Indicators
| VCLT | GLIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.31% | -29.65% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -9.00% | +3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -34.31% | -17.15% | -17.16% |
Max Drawdown (10Y)Largest decline over 10 years | -34.31% | -29.65% | -4.66% |
Current DrawdownCurrent decline from peak | -15.60% | -6.13% | -9.47% |
Average DrawdownAverage peak-to-trough decline | -8.09% | -3.35% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.19% | +0.14% |
Volatility
VCLT vs. GLIFX - Volatility Comparison
The current volatility for Vanguard Long-Term Corporate Bond ETF (VCLT) is 3.99%, while Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) has a volatility of 4.77%. This indicates that VCLT experiences smaller price fluctuations and is considered to be less risky than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCLT | GLIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 4.77% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 5.62% | 7.40% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.21% | 10.73% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.80% | 10.71% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.84% | 13.25% | -0.41% |