VLCIX vs. FCBAX
Compare and contrast key facts about Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) and Fidelity Advisor Corporate Bond Fund Class A (FCBAX).
VLCIX is managed by Vanguard. It was launched on Nov 19, 2009. FCBAX is managed by Fidelity. It was launched on May 4, 2010.
Performance
VLCIX vs. FCBAX - Performance Comparison
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VLCIX vs. FCBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | -0.93% | 7.27% | -1.43% | 11.06% | -25.75% | -1.24% | 13.74% | 23.18% | -6.86% | 12.42% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -0.97% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
Returns By Period
The year-to-date returns for both stocks are quite close, with VLCIX having a -0.93% return and FCBAX slightly lower at -0.97%. Both investments have delivered pretty close results over the past 10 years, with VLCIX having a 2.58% annualized return and FCBAX not far behind at 2.51%.
VLCIX
- 1D
- 0.53%
- 1M
- -2.55%
- YTD
- -0.93%
- 6M
- -1.70%
- 1Y
- 3.27%
- 3Y*
- 3.22%
- 5Y*
- -1.59%
- 10Y*
- 2.58%
FCBAX
- 1D
- 0.28%
- 1M
- -1.94%
- YTD
- -0.97%
- 6M
- -0.45%
- 1Y
- 3.77%
- 3Y*
- 4.38%
- 5Y*
- -0.02%
- 10Y*
- 2.51%
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VLCIX vs. FCBAX - Expense Ratio Comparison
VLCIX has a 0.05% expense ratio, which is lower than FCBAX's 0.77% expense ratio.
Return for Risk
VLCIX vs. FCBAX — Risk / Return Rank
VLCIX
FCBAX
VLCIX vs. FCBAX - 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 Fidelity Advisor Corporate Bond Fund Class A (FCBAX). 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 | FCBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.86 | -0.44 |
Sortino ratioReturn per unit of downside risk | 0.62 | 1.20 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.39 | -0.58 |
Martin ratioReturn relative to average drawdown | 1.88 | 4.38 | -2.51 |
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 | FCBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.86 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.00 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.42 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.63 | -0.20 |
Correlation
The correlation between VLCIX and FCBAX 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
VLCIX vs. FCBAX - Dividend Comparison
VLCIX's dividend yield for the trailing twelve months is around 5.15%, more than FCBAX's 3.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | 5.15% | 5.50% | 5.60% | 4.67% | 4.43% | 2.95% | 3.17% | 3.83% | 4.58% | 4.03% | 4.39% | 4.73% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.55% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
Drawdowns
VLCIX vs. FCBAX - Drawdown Comparison
The maximum VLCIX drawdown since its inception was -34.56%, which is greater than FCBAX's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for VLCIX and FCBAX.
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Drawdown Indicators
| VLCIX | FCBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -23.56% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -3.31% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -34.56% | -23.44% | -11.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -23.56% | -11.00% |
Current DrawdownCurrent decline from peak | -15.57% | -4.54% | -11.03% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -4.34% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.05% | +1.21% |
Volatility
VLCIX vs. FCBAX - Volatility Comparison
Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) has a higher volatility of 3.49% compared to Fidelity Advisor Corporate Bond Fund Class A (FCBAX) at 1.84%. This indicates that VLCIX's price experiences larger fluctuations and is considered to be riskier than FCBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLCIX | FCBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 1.84% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 2.86% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 4.78% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.88% | 6.68% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.60% | 5.93% | +4.67% |