VCLT vs. VCIT
Compare and contrast key facts about Vanguard Long-Term Corporate Bond ETF (VCLT) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
VCLT and VCIT 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. 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. Both VCLT and VCIT 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 VCIT.
Performance
VCLT vs. VCIT - Performance Comparison
Returns By Period
In the year-to-date period, VCLT achieves a -0.36% return, which is significantly lower than VCIT's 3.22% return. Over the past 10 years, VCLT has underperformed VCIT with an annualized return of 2.63%, while VCIT has yielded a comparatively higher 2.79% annualized return.
VCLT
-0.36%
-3.91%
2.97%
10.04%
-1.30%
2.63%
VCIT
3.22%
-2.05%
3.69%
9.22%
0.98%
2.79%
Key characteristics
| VCLT | VCIT | |
|---|---|---|
| Sharpe Ratio | 1.03 | 1.76 |
| Sortino Ratio | 1.51 | 2.61 |
| Omega Ratio | 1.18 | 1.31 |
| Calmar Ratio | 0.42 | 0.76 |
| Martin Ratio | 3.11 | 7.10 |
| Ulcer Index | 3.63% | 1.40% |
| Daily Std Dev | 10.91% | 5.66% |
| Max Drawdown | -34.31% | -20.56% |
| Current Drawdown | -19.64% | -5.16% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VCLT vs. VCIT - Expense Ratio Comparison
Both VCLT and VCIT 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 VCLT and VCIT 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
VCLT vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond ETF (VCLT) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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. VCIT - Dividend Comparison
VCLT's dividend yield for the trailing twelve months is around 5.01%, more than VCIT's 4.30% 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% |
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% |
Drawdowns
VCLT vs. VCIT - Drawdown Comparison
The maximum VCLT drawdown since its inception was -34.31%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VCLT and VCIT. For additional features, visit the drawdowns tool.
Volatility
VCLT vs. VCIT - Volatility Comparison
Vanguard Long-Term Corporate Bond ETF (VCLT) has a higher volatility of 3.85% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.74%. This indicates that VCLT's price experiences larger fluctuations and is considered to be riskier than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.