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VLCIX vs. VBLLX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

VLCIX vs. VBLLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) and Vanguard Long-Term Bond Index Fund Institutional Shares (VBLLX). The values are adjusted to include any dividend payments, if applicable.

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VLCIX vs. VBLLX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
VBLLX
Vanguard Long-Term Bond Index Fund Institutional Shares
-1.24%6.60%-4.12%7.13%-27.20%-3.08%16.27%19.15%-4.71%10.89%

Returns By Period

In the year-to-date period, VLCIX achieves a -1.44% return, which is significantly lower than VBLLX's -1.24% return. Over the past 10 years, VLCIX has outperformed VBLLX with an annualized return of 2.53%, while VBLLX has yielded a comparatively lower 1.00% 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%

VBLLX

1D
1.07%
1M
-4.25%
YTD
-1.24%
6M
-1.49%
1Y
1.54%
3Y*
0.60%
5Y*
-3.06%
10Y*
1.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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VLCIX vs. VBLLX - Expense Ratio Comparison

Both VLCIX and VBLLX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Return for Risk

VLCIX vs. VBLLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VLCIX
VLCIX Risk / Return Rank: 1818
Overall Rank
VLCIX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
VLCIX Sortino Ratio Rank: 1414
Sortino Ratio Rank
VLCIX Omega Ratio Rank: 1313
Omega Ratio Rank
VLCIX Calmar Ratio Rank: 3131
Calmar Ratio Rank
VLCIX Martin Ratio Rank: 1919
Martin Ratio Rank

VBLLX
VBLLX Risk / Return Rank: 1212
Overall Rank
VBLLX Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
VBLLX Sortino Ratio Rank: 99
Sortino Ratio Rank
VBLLX Omega Ratio Rank: 99
Omega Ratio Rank
VBLLX Calmar Ratio Rank: 1818
Calmar Ratio Rank
VBLLX Martin Ratio Rank: 1414
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VLCIX vs. VBLLX - 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 Long-Term Bond Index Fund Institutional Shares (VBLLX). 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.


VLCIXVBLLXDifference

Sharpe ratio

Return per unit of total volatility

0.42

0.28

+0.14

Sortino ratio

Return per unit of downside risk

0.62

0.43

+0.18

Omega ratio

Gain probability vs. loss probability

1.08

1.05

+0.02

Calmar ratio

Return relative to maximum drawdown

0.86

0.52

+0.34

Martin ratio

Return relative to average drawdown

2.01

1.28

+0.74

VLCIX vs. VBLLX - Sharpe Ratio Comparison

The current VLCIX Sharpe Ratio is 0.42, which is higher than the VBLLX Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of VLCIX and VBLLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


VLCIXVBLLXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.42

0.28

+0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.12

-0.24

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

0.09

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.35

+0.08

Correlation

The correlation between VLCIX and VBLLX is 0.97, 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. VBLLX - Dividend Comparison

VLCIX's dividend yield for the trailing twelve months is around 5.17%, more than VBLLX's 4.37% yield.


TTM20252024202320222021202020192018201720162015
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%
VBLLX
Vanguard Long-Term Bond Index Fund Institutional Shares
4.37%4.66%4.64%3.75%4.16%2.89%5.84%3.62%3.82%3.69%4.19%4.98%

Drawdowns

VLCIX vs. VBLLX - Drawdown Comparison

The maximum VLCIX drawdown since its inception was -34.56%, smaller than the maximum VBLLX drawdown of -38.42%. Use the drawdown chart below to compare losses from any high point for VLCIX and VBLLX.


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Drawdown Indicators


VLCIXVBLLXDifference

Max Drawdown

Largest peak-to-trough decline

-34.56%

-38.42%

+3.86%

Max Drawdown (1Y)

Largest decline over 1 year

-5.26%

-6.87%

+1.61%

Max Drawdown (5Y)

Largest decline over 5 years

-34.56%

-36.29%

+1.73%

Max Drawdown (10Y)

Largest decline over 10 years

-34.56%

-38.42%

+3.86%

Current Drawdown

Current decline from peak

-16.02%

-25.79%

+9.77%

Average Drawdown

Average peak-to-trough decline

-7.96%

-9.06%

+1.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

2.81%

-0.56%

Volatility

VLCIX vs. VBLLX - Volatility Comparison

Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) and Vanguard Long-Term Bond Index Fund Institutional Shares (VBLLX) have volatilities of 3.46% and 3.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


VLCIXVBLLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.46%

3.42%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

5.26%

5.49%

-0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

8.93%

9.55%

-0.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.88%

12.89%

-1.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.60%

11.58%

-0.98%