VWETX vs. BLV
Compare and contrast key facts about Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and Vanguard Long-Term Bond ETF (BLV).
VWETX is managed by Vanguard. It was launched on Feb 12, 2001. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWETX or BLV.
Key characteristics
| VWETX | BLV | |
|---|---|---|
| YTD Return | 0.72% | -0.41% |
| 1Y Return | 13.55% | 12.08% |
| 3Y Return (Ann) | -6.95% | -7.92% |
| 5Y Return (Ann) | -2.65% | -2.28% |
| 10Y Return (Ann) | 1.16% | 1.70% |
| Sharpe Ratio | 1.29 | 1.07 |
| Sortino Ratio | 1.90 | 1.57 |
| Omega Ratio | 1.22 | 1.18 |
| Calmar Ratio | 0.41 | 0.37 |
| Martin Ratio | 3.96 | 2.97 |
| Ulcer Index | 3.58% | 4.33% |
| Daily Std Dev | 10.97% | 12.01% |
| Max Drawdown | -38.99% | -38.29% |
| Current Drawdown | -25.34% | -26.53% |
Correlation
The correlation between VWETX and BLV is 0.92, 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
VWETX vs. BLV - Performance Comparison
In the year-to-date period, VWETX achieves a 0.72% return, which is significantly higher than BLV's -0.41% return. Over the past 10 years, VWETX has underperformed BLV with an annualized return of 1.16%, while BLV has yielded a comparatively higher 1.70% 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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VWETX vs. BLV - Expense Ratio Comparison
VWETX has a 0.12% expense ratio, which is higher than BLV's 0.04% expense ratio. However, 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
VWETX vs. BLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and Vanguard Long-Term Bond ETF (BLV). 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
VWETX vs. BLV - Dividend Comparison
VWETX's dividend yield for the trailing twelve months is around 4.89%, more than BLV's 4.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 4.89% | 4.66% | 4.54% | 3.23% | 3.27% | 3.75% | 4.43% | 4.08% | 4.46% | 4.61% | 4.46% | 5.13% |
BLV Vanguard Long-Term Bond ETF | 4.45% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
Drawdowns
VWETX vs. BLV - Drawdown Comparison
The maximum VWETX drawdown since its inception was -38.99%, roughly equal to the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for VWETX and BLV. For additional features, visit the drawdowns tool.
Volatility
VWETX vs. BLV - Volatility Comparison
The current volatility for Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) is 3.57%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 3.99%. This indicates that VWETX experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.