VCLT vs. VIS
VCLT (Vanguard Long-Term Corporate Bond ETF) and VIS (Vanguard Industrials ETF) are both exchange-traded funds - VCLT is a Corporate Bonds fund tracking the Bloomberg U.S. 10+ Year Corporate Bond Index, while VIS is a Industrials Equities fund tracking the MSCI US Investable Market Industrials 25/50 Index. Both are passively managed. Over the past 10 years, VCLT returned 2.27%/yr vs 14.22%/yr for VIS. At a correlation of -0.01, they often move in opposite directions. VCLT charges 0.03%/yr vs 0.09%/yr for VIS.
Performance
VCLT vs. VIS - Performance Comparison
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Returns By Period
In the year-to-date period, VCLT achieves a 1.41% return, which is significantly lower than VIS's 15.65% return. Over the past 10 years, VCLT has underperformed VIS with an annualized return of 2.27%, while VIS has yielded a comparatively higher 14.22% annualized return.
VCLT
- 1D
- -0.09%
- 1M
- 1.43%
- YTD
- 1.41%
- 6M
- 1.82%
- 1Y
- 5.92%
- 3Y*
- 4.64%
- 5Y*
- -2.06%
- 10Y*
- 2.27%
VIS
- 1D
- 0.51%
- 1M
- 1.53%
- YTD
- 15.65%
- 6M
- 14.50%
- 1Y
- 27.46%
- 3Y*
- 21.45%
- 5Y*
- 13.11%
- 10Y*
- 14.22%
VCLT vs. VIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCLT Vanguard Long-Term Corporate Bond ETF | 1.41% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | -7.04% | 11.70% |
VIS Vanguard Industrials ETF | 15.65% | 18.57% | 16.85% | 22.50% | -8.57% | 20.80% | 12.34% | 30.09% | -14.01% | 21.47% |
Correlation
The correlation between VCLT and VIS is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | -0.01 |
The correlation between VCLT and VIS shifts across timeframes, from -0.01 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VCLT vs. VIS — Risk / Return Rank
VCLT
VIS
VCLT vs. VIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond ETF (VCLT) and Vanguard Industrials ETF (VIS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VCLT | VIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.27 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.24 | -1.11 |
| Martin ratioReturn relative to average drawdown | 2.75 | 9.28 | -6.53 |
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Drawdowns
VCLT vs. VIS - Drawdown Comparison
The maximum VCLT drawdown since its inception was -34.31%, smaller than the maximum VIS drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for VCLT and VIS.
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Drawdown Indicators
| VCLT | VIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.31% | -63.51% | +29.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.25% | -12.29% | +7.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -20.80% | +7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -34.31% | -22.96% | -11.35% |
Max Drawdown (10Y)Largest decline over 10 years | -34.31% | -42.42% | +8.11% |
Current DrawdownCurrent decline from peak | -14.00% | -0.34% | -13.66% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -8.37% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.97% | -0.81% |
Volatility
VCLT vs. VIS - Volatility Comparison
The current volatility for Vanguard Long-Term Corporate Bond ETF (VCLT) is 2.48%, while Vanguard Industrials ETF (VIS) has a volatility of 6.71%. This indicates that VCLT experiences smaller price fluctuations and is considered to be less risky than VIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCLT | VIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 6.71% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 14.28% | -8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.95% | 17.20% | -9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.77% | 18.48% | -5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 20.48% | -7.63% |
VCLT vs. VIS - Expense Ratio Comparison
VCLT has a 0.03% expense ratio, which is lower than VIS'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%.
Dividends
VCLT vs. VIS - Dividend Comparison
VCLT's dividend yield for the trailing twelve months is around 5.52%, more than VIS's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCLT Vanguard Long-Term Corporate Bond ETF | 5.52% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
VIS Vanguard Industrials ETF | 0.88% | 1.01% | 1.23% | 1.36% | 1.52% | 1.11% | 1.38% | 1.68% | 1.90% | 1.60% | 1.81% | 1.94% |
Frequently Asked Questions
VCLT and VIS have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIS has higher volatility (6.71%) compared to VCLT (2.48%). In terms of maximum drawdown, VCLT dropped -34.31% vs VIS's -63.51%.
On 10-year performance, VIS leads with 14.22% vs 2.27% for VCLT. On fees, VCLT is cheaper at 0.03% per year. On volatility, VCLT has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VIS has performed better with a 14.22% return vs 2.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCLT is cheaper with a 0.03% expense ratio, compared with 0.09% for VIS.
VCLT has the higher dividend yield at 5.52%, compared with 0.88% for VIS.
VCLT is categorized as Corporate Bonds, while VIS is Industrials Equities. VCLT tracks Bloomberg U.S. 10+ Year Corporate Bond Index, while VIS tracks MSCI US Investable Market Industrials 25/50 Index. Their fees differ too: 0.03% for VCLT and 0.09% for VIS.
VIS currently has the higher Sharpe Ratio (1.60 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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