VLTCX vs. BOND
Compare and contrast key facts about Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) and PIMCO Active Bond ETF (BOND).
VLTCX is managed by Vanguard. It was launched on Jan 19, 2010. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VLTCX or BOND.
Key characteristics
| VLTCX | BOND | |
|---|---|---|
| YTD Return | 0.36% | 2.82% |
| 1Y Return | 13.59% | 10.26% |
| 3Y Return (Ann) | -6.20% | -1.92% |
| 5Y Return (Ann) | -1.17% | 0.21% |
| 10Y Return (Ann) | 2.66% | 1.89% |
| Sharpe Ratio | 1.26 | 1.82 |
| Sortino Ratio | 1.85 | 2.65 |
| Omega Ratio | 1.22 | 1.33 |
| Calmar Ratio | 0.47 | 0.66 |
| Martin Ratio | 3.94 | 7.51 |
| Ulcer Index | 3.45% | 1.37% |
| Daily Std Dev | 10.83% | 5.67% |
| Max Drawdown | -34.55% | -19.71% |
| Current Drawdown | -19.12% | -7.05% |
Correlation
The correlation between VLTCX and BOND is 0.78, 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.
Performance
VLTCX vs. BOND - Performance Comparison
In the year-to-date period, VLTCX achieves a 0.36% return, which is significantly lower than BOND's 2.82% return. Over the past 10 years, VLTCX has outperformed BOND with an annualized return of 2.66%, while BOND has yielded a comparatively lower 1.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VLTCX vs. BOND - Expense Ratio Comparison
VLTCX has a 0.07% expense ratio, which is lower than BOND's 0.57% expense ratio.
Risk-Adjusted Performance
VLTCX vs. BOND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) and PIMCO Active Bond ETF (BOND). 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.
Dividends
VLTCX vs. BOND - Dividend Comparison
VLTCX's dividend yield for the trailing twelve months is around 4.94%, less than BOND's 5.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 4.94% | 4.65% | 4.41% | 3.04% | 3.15% | 3.82% | 4.56% | 4.01% | 4.37% | 4.71% | 4.32% | 4.88% |
BOND PIMCO Active Bond ETF | 5.58% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
Drawdowns
VLTCX vs. BOND - Drawdown Comparison
The maximum VLTCX drawdown since its inception was -34.55%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for VLTCX and BOND. For additional features, visit the drawdowns tool.
Volatility
VLTCX vs. BOND - Volatility Comparison
Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) has a higher volatility of 3.83% compared to PIMCO Active Bond ETF (BOND) at 1.62%. This indicates that VLTCX's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.