VCLT vs. SPLB
Compare and contrast key facts about Vanguard Long-Term Corporate Bond ETF (VCLT) and SPDR Portfolio Long Term Corporate Bond ETF (SPLB).
VCLT and SPLB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPLB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays Long U.S. Corporate Index. It was launched on Mar 10, 2009. Both VCLT and SPLB 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: VCLT or SPLB.
Performance
VCLT vs. SPLB - Performance Comparison
Returns By Period
In the year-to-date period, VCLT achieves a -0.36% return, which is significantly lower than SPLB's -0.16% return. Over the past 10 years, VCLT has outperformed SPLB with an annualized return of 2.63%, while SPLB has yielded a comparatively lower 2.48% annualized return.
VCLT
-0.36%
-3.91%
2.97%
10.04%
-1.30%
2.63%
SPLB
-0.16%
-3.88%
3.02%
10.13%
-1.32%
2.48%
Key characteristics
| VCLT | SPLB | |
|---|---|---|
| Sharpe Ratio | 1.03 | 1.05 |
| Sortino Ratio | 1.51 | 1.53 |
| Omega Ratio | 1.18 | 1.18 |
| Calmar Ratio | 0.42 | 0.42 |
| Martin Ratio | 3.11 | 3.23 |
| Ulcer Index | 3.63% | 3.54% |
| Daily Std Dev | 10.91% | 10.91% |
| Max Drawdown | -34.31% | -34.46% |
| Current Drawdown | -19.64% | -19.63% |
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VCLT vs. SPLB - Expense Ratio Comparison
VCLT has a 0.04% expense ratio, which is lower than SPLB's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VCLT and SPLB is 0.89, 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
VCLT vs. SPLB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond ETF (VCLT) 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.
Dividends
VCLT vs. SPLB - Dividend Comparison
VCLT's dividend yield for the trailing twelve months is around 5.01%, which matches SPLB's 5.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 5.03% | 4.60% | 4.52% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% | 4.25% | 4.88% |
Drawdowns
VCLT vs. SPLB - Drawdown Comparison
The maximum VCLT drawdown since its inception was -34.31%, roughly equal to the maximum SPLB drawdown of -34.46%. Use the drawdown chart below to compare losses from any high point for VCLT and SPLB. For additional features, visit the drawdowns tool.
Volatility
VCLT vs. SPLB - Volatility Comparison
Vanguard Long-Term Corporate Bond ETF (VCLT) and SPDR Portfolio Long Term Corporate Bond ETF (SPLB) have volatilities of 3.85% and 3.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.