VCLT vs. VGLT
Compare and contrast key facts about Vanguard Long-Term Corporate Bond ETF (VCLT) and Vanguard Long-Term Treasury ETF (VGLT).
VCLT and VGLT 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. VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009. Both VCLT and VGLT 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 VGLT.
Performance
VCLT vs. VGLT - Performance Comparison
Returns By Period
In the year-to-date period, VCLT achieves a -0.36% return, which is significantly higher than VGLT's -4.50% return. Over the past 10 years, VCLT has outperformed VGLT with an annualized return of 2.63%, while VGLT has yielded a comparatively lower 0.05% annualized return.
VCLT
-0.36%
-3.91%
2.97%
10.04%
-1.30%
2.63%
VGLT
-4.50%
-4.70%
1.05%
5.38%
-5.09%
0.05%
Key characteristics
| VCLT | VGLT | |
|---|---|---|
| Sharpe Ratio | 1.03 | 0.49 |
| Sortino Ratio | 1.51 | 0.78 |
| Omega Ratio | 1.18 | 1.09 |
| Calmar Ratio | 0.42 | 0.16 |
| Martin Ratio | 3.11 | 1.21 |
| Ulcer Index | 3.63% | 5.47% |
| Daily Std Dev | 10.91% | 13.47% |
| Max Drawdown | -34.31% | -46.18% |
| Current Drawdown | -19.64% | -38.65% |
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VCLT vs. VGLT - Expense Ratio Comparison
Both VCLT and VGLT 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 VGLT is 0.82, 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. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond ETF (VCLT) and Vanguard Long-Term Treasury ETF (VGLT). 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. VGLT - Dividend Comparison
VCLT's dividend yield for the trailing twelve months is around 5.01%, more than VGLT's 4.12% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.12% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
Drawdowns
VCLT vs. VGLT - Drawdown Comparison
The maximum VCLT drawdown since its inception was -34.31%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for VCLT and VGLT. For additional features, visit the drawdowns tool.
Volatility
VCLT vs. VGLT - Volatility Comparison
The current volatility for Vanguard Long-Term Corporate Bond ETF (VCLT) is 3.85%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 4.29%. This indicates that VCLT experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.