VLCIX vs. BND
Compare and contrast key facts about Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) and Vanguard Total Bond Market ETF (BND).
VLCIX is managed by Vanguard. It was launched on Nov 19, 2009. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VLCIX vs. BND - Performance Comparison
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VLCIX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | -1.44% | 7.27% | -1.43% | 11.06% | -25.75% | -1.24% | 13.74% | 23.18% | -6.86% | 12.42% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, VLCIX achieves a -1.44% return, which is significantly lower than BND's 0.05% return. Over the past 10 years, VLCIX has outperformed BND with an annualized return of 2.53%, while BND has yielded a comparatively lower 1.67% annualized return.
VLCIX
- 1D
- 1.02%
- 1M
- -3.68%
- YTD
- -1.44%
- 6M
- -1.91%
- 1Y
- 3.21%
- 3Y*
- 3.04%
- 5Y*
- -1.43%
- 10Y*
- 2.53%
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
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VLCIX vs. BND - Expense Ratio Comparison
VLCIX has a 0.05% expense ratio, which is higher than BND's 0.03% 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
VLCIX vs. BND — Risk / Return Rank
VLCIX
BND
VLCIX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) and Vanguard Total Bond Market ETF (BND). 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.
| VLCIX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.99 | -0.57 |
Sortino ratioReturn per unit of downside risk | 0.62 | 1.41 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.81 | -0.95 |
Martin ratioReturn relative to average drawdown | 2.01 | 4.98 | -2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VLCIX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.99 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.04 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.30 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.59 | -0.15 |
Correlation
The correlation between VLCIX and BND is 0.89, 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
VLCIX vs. BND - Dividend Comparison
VLCIX's dividend yield for the trailing twelve months is around 5.17%, more than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | 5.17% | 5.50% | 5.60% | 4.67% | 4.43% | 2.95% | 3.17% | 3.83% | 4.58% | 4.03% | 4.39% | 4.73% |
BND Vanguard Total Bond Market ETF | 3.91% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
VLCIX vs. BND - Drawdown Comparison
The maximum VLCIX drawdown since its inception was -34.56%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VLCIX and BND.
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Drawdown Indicators
| VLCIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -18.58% | -15.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -2.44% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.56% | -17.91% | -16.65% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -18.58% | -15.98% |
Current DrawdownCurrent decline from peak | -16.02% | -2.58% | -13.44% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -3.07% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.89% | +1.36% |
Volatility
VLCIX vs. BND - Volatility Comparison
Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) has a higher volatility of 3.46% compared to Vanguard Total Bond Market ETF (BND) at 1.63%. This indicates that VLCIX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLCIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 1.63% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 5.26% | 2.52% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.93% | 4.30% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.88% | 6.00% | +5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.60% | 5.52% | +5.08% |