VCLT vs. VONE
VCLT (Vanguard Long-Term Corporate Bond ETF) and VONE (Vanguard Russell 1000 ETF) are both exchange-traded funds - VCLT is a Corporate Bonds fund tracking the Bloomberg U.S. 10+ Year Corporate Bond Index, while VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Both are passively managed. Over the past 10 years, VCLT returned 2.24%/yr vs 15.46%/yr for VONE. At a 0.05 correlation, their price movements are largely independent. VCLT charges 0.03%/yr vs 0.08%/yr for VONE.
Performance
VCLT vs. VONE - Performance Comparison
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Returns By Period
In the year-to-date period, VCLT achieves a 1.27% return, which is significantly lower than VONE's 9.48% return. Over the past 10 years, VCLT has underperformed VONE with an annualized return of 2.24%, while VONE has yielded a comparatively higher 15.46% annualized return.
VCLT
- 1D
- -0.40%
- 1M
- 1.31%
- YTD
- 1.27%
- 6M
- 1.30%
- 1Y
- 6.37%
- 3Y*
- 4.08%
- 5Y*
- -2.16%
- 10Y*
- 2.24%
VONE
- 1D
- -0.27%
- 1M
- 0.31%
- YTD
- 9.48%
- 6M
- 9.01%
- 1Y
- 25.90%
- 3Y*
- 21.09%
- 5Y*
- 12.72%
- 10Y*
- 15.46%
VCLT vs. VONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCLT Vanguard Long-Term Corporate Bond ETF | 1.27% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | -7.04% | 11.70% |
VONE Vanguard Russell 1000 ETF | 9.48% | 17.21% | 24.51% | 26.41% | -19.14% | 26.49% | 20.95% | 31.12% | -4.84% | 21.55% |
Correlation
The correlation between VCLT and VONE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.05 |
Over the past year, VCLT and VONE have become more correlated (0.43) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
VCLT vs. VONE — Risk / Return Rank
VCLT
VONE
VCLT vs. VONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond ETF (VCLT) and Vanguard Russell 1000 ETF (VONE). 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 | VONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.94 | -1.72 |
| Martin ratioReturn relative to average drawdown | 2.95 | 13.14 | -10.19 |
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Drawdowns
VCLT vs. VONE - Drawdown Comparison
The maximum VCLT drawdown since its inception was -34.31%, roughly equal to the maximum VONE drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for VCLT and VONE.
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Drawdown Indicators
| VCLT | VONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.31% | -34.66% | +0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.25% | -8.85% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -19.06% | +6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -34.31% | -25.12% | -9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -34.31% | -34.66% | +0.35% |
Current DrawdownCurrent decline from peak | -14.12% | -1.67% | -12.45% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -3.90% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 1.98% | +0.19% |
Volatility
VCLT vs. VONE - Volatility Comparison
The current volatility for Vanguard Long-Term Corporate Bond ETF (VCLT) is 1.91%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 4.51%. This indicates that VCLT experiences smaller price fluctuations and is considered to be less risky than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCLT | VONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 4.51% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 5.84% | 9.76% | -3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.84% | 12.52% | -4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 17.16% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 18.29% | -5.44% |
VCLT vs. VONE - Expense Ratio Comparison
VCLT has a 0.03% expense ratio, which is lower than VONE's 0.08% 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. VONE - Dividend Comparison
VCLT's dividend yield for the trailing twelve months is around 5.53%, more than VONE's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCLT Vanguard Long-Term Corporate Bond ETF | 5.53% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
VONE Vanguard Russell 1000 ETF | 1.03% | 1.07% | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.65% | 1.96% | 1.69% | 1.89% | 1.89% |
Frequently Asked Questions
VCLT and VONE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VONE has higher volatility (4.51%) compared to VCLT (1.91%). In terms of maximum drawdown, VCLT dropped -34.31% vs VONE's -34.66%.
On 10-year performance, VONE leads with 15.46% vs 2.24% for VCLT. On fees, VCLT is cheaper at 0.03% per year. On volatility, VCLT has been the lower-risk option at 1.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VONE has performed better with a 15.46% return vs 2.24%. 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 0.08% for VONE.
VCLT has the higher dividend yield at 5.53%, compared with 1.03% for VONE.
VCLT is categorized as Corporate Bonds, while VONE is Large Cap Blend Equities. VCLT tracks Bloomberg U.S. 10+ Year Corporate Bond Index, while VONE tracks Russell 1000 Index. Their fees differ too: 0.03% for VCLT and 0.08% for VONE.
VONE currently has the higher Sharpe Ratio (2.08 vs 0.82), 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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