VLTCX vs. VBLAX
Compare and contrast key facts about Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) and Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX).
VLTCX is managed by Vanguard. It was launched on Jan 19, 2010. VBLAX is managed by Vanguard. It was launched on Feb 7, 2019.
Performance
VLTCX vs. VBLAX - Performance Comparison
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VLTCX vs. VBLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | -1.46% | 7.27% | -1.47% | 11.05% | -25.77% | -1.16% | 13.68% | 18.85% |
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | -1.15% | 6.57% | -4.14% | 7.55% | -27.22% | -3.36% | 15.75% | 16.45% |
Returns By Period
In the year-to-date period, VLTCX achieves a -1.46% return, which is significantly lower than VBLAX's -1.15% return.
VLTCX
- 1D
- 1.01%
- 1M
- -3.70%
- YTD
- -1.46%
- 6M
- -1.93%
- 1Y
- 3.19%
- 3Y*
- 3.01%
- 5Y*
- -1.45%
- 10Y*
- 2.52%
VBLAX
- 1D
- 1.07%
- 1M
- -4.25%
- YTD
- -1.15%
- 6M
- -1.40%
- 1Y
- 1.61%
- 3Y*
- 0.74%
- 5Y*
- -2.98%
- 10Y*
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VLTCX vs. VBLAX - Expense Ratio Comparison
Both VLTCX and VBLAX have an expense ratio of 0.07%, 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
VLTCX vs. VBLAX — Risk / Return Rank
VLTCX
VBLAX
VLTCX vs. VBLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) and Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX). 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.
| VLTCX | VBLAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 0.27 | +0.14 |
Sortino ratioReturn per unit of downside risk | 0.61 | 0.43 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.53 | +0.32 |
Martin ratioReturn relative to average drawdown | 1.99 | 1.30 | +0.68 |
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
| VLTCX | VBLAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.27 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | -0.23 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.03 | +0.40 |
Correlation
The correlation between VLTCX and VBLAX 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
VLTCX vs. VBLAX - Dividend Comparison
VLTCX's dividend yield for the trailing twelve months is around 5.16%, more than VBLAX's 4.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 5.16% | 5.48% | 5.58% | 4.65% | 4.41% | 3.03% | 3.15% | 3.82% | 4.56% | 4.01% | 4.37% | 4.71% |
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | 4.34% | 4.64% | 4.61% | 4.08% | 4.13% | 2.62% | 5.39% | 3.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VLTCX vs. VBLAX - Drawdown Comparison
The maximum VLTCX drawdown since its inception was -34.56%, smaller than the maximum VBLAX drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for VLTCX and VBLAX.
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Drawdown Indicators
| VLTCX | VBLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -38.62% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -6.87% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -34.56% | -36.32% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | — | — |
Current DrawdownCurrent decline from peak | -16.08% | -25.71% | +9.63% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -17.93% | +9.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.81% | -0.55% |
Volatility
VLTCX vs. VBLAX - Volatility Comparison
Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) and Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) have volatilities of 3.47% and 3.34%, 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
| VLTCX | VBLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.34% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 5.47% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 9.52% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.87% | 12.89% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 12.74% | -2.15% |