VCLT vs. VTV
Compare and contrast key facts about Vanguard Long-Term Corporate Bond ETF (VCLT) and Vanguard Value ETF (VTV).
VCLT and VTV 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. VTV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Prime Market Value Index. It was launched on Jan 26, 2004. Both VCLT and VTV 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 VTV.
Performance
VCLT vs. VTV - Performance Comparison
Returns By Period
In the year-to-date period, VCLT achieves a -0.36% return, which is significantly lower than VTV's 19.95% return. Over the past 10 years, VCLT has underperformed VTV with an annualized return of 2.63%, while VTV has yielded a comparatively higher 10.47% annualized return.
VCLT
-0.36%
-3.91%
2.97%
10.04%
-1.30%
2.63%
VTV
19.95%
-0.91%
8.89%
28.68%
11.42%
10.47%
Key characteristics
| VCLT | VTV | |
|---|---|---|
| Sharpe Ratio | 1.03 | 2.79 |
| Sortino Ratio | 1.51 | 3.93 |
| Omega Ratio | 1.18 | 1.51 |
| Calmar Ratio | 0.42 | 5.57 |
| Martin Ratio | 3.11 | 17.90 |
| Ulcer Index | 3.63% | 1.59% |
| Daily Std Dev | 10.91% | 10.17% |
| Max Drawdown | -34.31% | -59.27% |
| Current Drawdown | -19.64% | -1.69% |
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VCLT vs. VTV - Expense Ratio Comparison
Both VCLT and VTV 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 VTV is -0.06. 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. VTV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond ETF (VCLT) and Vanguard Value ETF (VTV). 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. VTV - Dividend Comparison
VCLT's dividend yield for the trailing twelve months is around 5.01%, more than VTV's 2.25% 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% |
VTV Vanguard Value ETF | 2.25% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% | 2.22% | 2.21% |
Drawdowns
VCLT vs. VTV - Drawdown Comparison
The maximum VCLT drawdown since its inception was -34.31%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VCLT and VTV. For additional features, visit the drawdowns tool.
Volatility
VCLT vs. VTV - Volatility Comparison
Vanguard Long-Term Corporate Bond ETF (VCLT) has a higher volatility of 3.85% compared to Vanguard Value ETF (VTV) at 3.66%. This indicates that VCLT's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.