Correlation
The correlation between VLCIX and VWESX is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
VLCIX vs. VWESX
Compare and contrast key facts about Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) and Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX).
VLCIX is managed by Vanguard. It was launched on Nov 19, 2009. VWESX is managed by Vanguard. It was launched on Jul 9, 1973.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VLCIX or VWESX.
Performance
VLCIX vs. VWESX - Performance Comparison
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Key characteristics
VLCIX:
0.28
VWESX:
0.26
VLCIX:
0.44
VWESX:
0.42
VLCIX:
1.05
VWESX:
1.05
VLCIX:
0.12
VWESX:
0.10
VLCIX:
0.56
VWESX:
0.48
VLCIX:
5.04%
VWESX:
5.50%
VLCIX:
10.52%
VWESX:
10.68%
VLCIX:
-34.55%
VWESX:
-35.84%
VLCIX:
-20.72%
VWESX:
-24.06%
Returns By Period
In the year-to-date period, VLCIX achieves a 0.18% return, which is significantly lower than VWESX's 0.32% return. Over the past 10 years, VLCIX has outperformed VWESX with an annualized return of 2.52%, while VWESX has yielded a comparatively lower 2.18% annualized return.
VLCIX
0.18%
-0.37%
-4.33%
2.15%
0.07%
-2.52%
2.52%
VWESX
0.32%
-0.80%
-4.47%
1.69%
-0.90%
-3.72%
2.18%
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VLCIX vs. VWESX - Expense Ratio Comparison
VLCIX has a 0.05% expense ratio, which is lower than VWESX's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VLCIX vs. VWESX — Risk-Adjusted Performance Rank
VLCIX
VWESX
VLCIX vs. VWESX - Risk-Adjusted Performance 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 Investment-Grade Fund Investor Shares (VWESX). 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.
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Dividends
VLCIX vs. VWESX - Dividend Comparison
VLCIX's dividend yield for the trailing twelve months is around 4.96%, more than VWESX's 4.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | 4.96% | 5.18% | 4.68% | 4.43% | 3.06% | 3.17% | 3.83% | 4.58% | 4.03% | 4.39% | 4.73% | 4.35% |
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 4.66% | 5.05% | 4.55% | 4.44% | 5.29% | 6.90% | 5.02% | 4.67% | 5.53% | 6.15% | 6.31% | 5.80% |
Drawdowns
VLCIX vs. VWESX - Drawdown Comparison
The maximum VLCIX drawdown since its inception was -34.55%, roughly equal to the maximum VWESX drawdown of -35.84%. Use the drawdown chart below to compare losses from any high point for VLCIX and VWESX.
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Volatility
VLCIX vs. VWESX - Volatility Comparison
Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) and Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) have volatilities of 2.81% and 2.86%, 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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