VCLT vs. SPY
Compare and contrast key facts about Vanguard Long-Term Corporate Bond ETF (VCLT) and SPDR S&P 500 ETF (SPY).
VCLT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both VCLT and SPY 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 SPY.
Performance
VCLT vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VCLT achieves a -0.36% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, VCLT has underperformed SPY with an annualized return of 2.63%, while SPY has yielded a comparatively higher 13.04% annualized return.
VCLT
-0.36%
-3.91%
2.97%
10.04%
-1.30%
2.63%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| VCLT | SPY | |
|---|---|---|
| Sharpe Ratio | 1.03 | 2.64 |
| Sortino Ratio | 1.51 | 3.53 |
| Omega Ratio | 1.18 | 1.49 |
| Calmar Ratio | 0.42 | 3.81 |
| Martin Ratio | 3.11 | 17.21 |
| Ulcer Index | 3.63% | 1.86% |
| Daily Std Dev | 10.91% | 12.15% |
| Max Drawdown | -34.31% | -55.19% |
| Current Drawdown | -19.64% | -2.17% |
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VCLT vs. SPY - Expense Ratio Comparison
VCLT has a 0.04% expense ratio, which is lower than SPY's 0.09% 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 SPY is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
VCLT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond ETF (VCLT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
VCLT's dividend yield for the trailing twelve months is around 5.01%, more than SPY's 1.20% 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% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VCLT vs. SPY - Drawdown Comparison
The maximum VCLT drawdown since its inception was -34.31%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VCLT and SPY. For additional features, visit the drawdowns tool.
Volatility
VCLT vs. SPY - Volatility Comparison
The current volatility for Vanguard Long-Term Corporate Bond ETF (VCLT) is 3.85%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that VCLT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.