VCPAX vs. VWETX
Compare and contrast key facts about Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) and Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX).
VCPAX is managed by Vanguard. It was launched on Oct 25, 2021. VWETX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
VCPAX vs. VWETX - Performance Comparison
Loading graphics...
VCPAX vs. VWETX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares | -0.41% | 8.06% | 2.95% | 6.80% | -12.60% | 0.32% |
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | -1.65% | 7.31% | -2.70% | 8.92% | -25.54% | 0.67% |
Returns By Period
In the year-to-date period, VCPAX achieves a -0.41% return, which is significantly higher than VWETX's -1.65% return.
VCPAX
- 1D
- 0.47%
- 1M
- -2.20%
- YTD
- -0.41%
- 6M
- 0.76%
- 1Y
- 4.63%
- 3Y*
- 4.80%
- 5Y*
- —
- 10Y*
- —
VWETX
- 1D
- 1.08%
- 1M
- -4.10%
- YTD
- -1.65%
- 6M
- -1.81%
- 1Y
- 2.72%
- 3Y*
- 1.90%
- 5Y*
- -2.09%
- 10Y*
- 1.79%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VCPAX vs. VWETX - Expense Ratio Comparison
VCPAX has a 0.20% expense ratio, which is higher than VWETX's 0.12% 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%.
Return for Risk
VCPAX vs. VWETX — Risk / Return Rank
VCPAX
VWETX
VCPAX vs. VWETX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) and Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX). 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.
| VCPAX | VWETX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 0.40 | +0.79 |
Sortino ratioReturn per unit of downside risk | 1.72 | 0.60 | +1.12 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.08 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.83 | +1.13 |
Martin ratioReturn relative to average drawdown | 6.49 | 2.03 | +4.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VCPAX | VWETX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 0.40 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.48 | -0.33 |
Correlation
The correlation between VCPAX and VWETX is 0.93, 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.
Dividends
VCPAX vs. VWETX - Dividend Comparison
VCPAX's dividend yield for the trailing twelve months is around 4.45%, less than VWETX's 4.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares | 4.45% | 4.86% | 5.19% | 4.55% | 3.26% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 4.77% | 5.06% | 5.10% | 4.26% | 4.54% | 4.86% | 6.99% | 5.11% | 4.40% | 5.60% | 6.25% | 7.49% |
Drawdowns
VCPAX vs. VWETX - Drawdown Comparison
The maximum VCPAX drawdown since its inception was -17.25%, smaller than the maximum VWETX drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for VCPAX and VWETX.
Loading graphics...
Drawdown Indicators
| VCPAX | VWETX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -36.04% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -5.44% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.04% | — |
Current DrawdownCurrent decline from peak | -2.20% | -20.57% | +18.37% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -7.12% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.23% | -1.41% |
Volatility
VCPAX vs. VWETX - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) is 1.56%, while Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) has a volatility of 3.42%. This indicates that VCPAX experiences smaller price fluctuations and is considered to be less risky than VWETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VCPAX | VWETX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 3.42% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 5.32% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 8.98% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 12.10% | -6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.70% | 10.85% | -5.15% |