VCOBX vs. VGLT
Compare and contrast key facts about Vanguard Core Bond Fund Admiral Shares (VCOBX) and Vanguard Long-Term Treasury ETF (VGLT).
VCOBX is managed by Vanguard. It was launched on Mar 28, 2016. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCOBX or VGLT.
Performance
VCOBX vs. VGLT - Performance Comparison
Returns By Period
In the year-to-date period, VCOBX achieves a 2.33% return, which is significantly higher than VGLT's -3.89% return.
VCOBX
2.33%
-1.22%
3.25%
7.15%
0.22%
N/A
VGLT
-3.89%
-2.86%
1.49%
5.09%
-5.25%
0.07%
Key characteristics
| VCOBX | VGLT | |
|---|---|---|
| Sharpe Ratio | 1.35 | 0.42 |
| Sortino Ratio | 2.00 | 0.68 |
| Omega Ratio | 1.24 | 1.08 |
| Calmar Ratio | 0.51 | 0.13 |
| Martin Ratio | 4.66 | 1.02 |
| Ulcer Index | 1.59% | 5.53% |
| Daily Std Dev | 5.46% | 13.43% |
| Max Drawdown | -18.91% | -46.18% |
| Current Drawdown | -8.15% | -38.26% |
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VCOBX vs. VGLT - Expense Ratio Comparison
VCOBX has a 0.10% expense ratio, which is higher than VGLT's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VCOBX and VGLT is 0.91, 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
VCOBX vs. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core Bond Fund Admiral Shares (VCOBX) 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
VCOBX vs. VGLT - Dividend Comparison
VCOBX's dividend yield for the trailing twelve months is around 4.60%, more than VGLT's 4.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCOBX Vanguard Core Bond Fund Admiral Shares | 4.60% | 4.10% | 3.02% | 1.22% | 1.80% | 3.09% | 3.11% | 2.20% | 1.68% | 0.00% | 0.00% | 0.00% |
VGLT Vanguard Long-Term Treasury ETF | 4.09% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
Drawdowns
VCOBX vs. VGLT - Drawdown Comparison
The maximum VCOBX drawdown since its inception was -18.91%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for VCOBX and VGLT. For additional features, visit the drawdowns tool.
Volatility
VCOBX vs. VGLT - Volatility Comparison
The current volatility for Vanguard Core Bond Fund Admiral Shares (VCOBX) is 1.46%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 4.05%. This indicates that VCOBX 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.