VCLT vs PAAA

Comparison between VANGUARD LONG-TERM CORPORATE BOND INDEX FUND ETF SHARES (VCLT, ETF) and PGIM AAA CLO ETF (PAAA, ETF).

VCLT vs PAAA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCLT(ETF)	PAAA(ETF)
Net Assets	$8.20B	$8.20B
Expense Ratio	0.03%	0.19%
Max Drawdown	40.10%	1.81%
Sharpe Ratio	0.50	3.45
5Y Beta	0.22	0.03
5Y Dividends CAGR	6.14%	N/A

Net Assets

VCLT

$8.20B

PAAA

$8.20B

Expense Ratio

Winner

VCLT

0.03%

PAAA

0.19%

Max Drawdown

VCLT

40.10%

Winner

PAAA

1.81%

Sharpe Ratio

VCLT

0.50

Winner

PAAA

3.45

5Y Beta

VCLT

0.22

Winner

PAAA

0.03

5Y Dividends CAGR

VCLT

6.14%

PAAA

N/A

VCLT vs PAAA - Historical Returns

Returns include dividend reinvestment.

Period	VCLT	PAAA
1 month	+0.24%	+0.63%
3 months	-0.11%	+1.10%
6 months	+0.51%	+2.46%
1 year	+8.36%	+5.46%
5 years(CAGR)	-1.67%	N/A
10 years(CAGR)	+2.39%	N/A
Max(CAGR)	+4.59%	+6.65%

VCLT

+0.24%

Winner

PAAA

+0.63%

VCLT

-0.11%

Winner

PAAA

+1.10%

VCLT

+0.51%

Winner

PAAA

+2.46%

Winner

VCLT

+8.36%

PAAA

+5.46%

5Y(CAGR)

VCLT

-1.67%

PAAA

N/A

10Y(CAGR)

VCLT

+2.39%

PAAA

N/A

Max(CAGR)

VCLT

+4.59%

Winner

PAAA

+6.65%

VCLT vs PAAA - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	VCLT	PAAA
2026	+0.93%	+1.70%
2025	+7.16%	+5.35%
2024	-0.96%	+7.42%
2023	+9.95%	+3.82%
2022	-24.36%	N/A
2021	-1.07%	N/A
2020	+12.94%	N/A
2019	+23.31%	N/A
2018	-6.13%	N/A
2017	+11.47%	N/A
2016	+10.99%	N/A
2015	-5.51%	N/A
2014	+16.10%	N/A
2013	-4.77%	N/A
2012	+11.21%	N/A
2011	+17.14%	N/A
2010	+10.80%	N/A
2009	-0.72%	N/A

VCLT vs PAAA Drawdown Comparison

The maximum drawdown for VCLT was -34.32%, occurring on Oct 24, 2022. This drawdown has not yet recovered.

The maximum drawdown for PAAA was -1.04%, occurring on Apr 10, 2025. Recovery took 17 trading sessions.

The current VCLT drawdown is -14.52%.

Rank	VCLT	PAAA
#1	-34.32% Sep 22, 2021 - Oct 24, 2022	-1.04% Apr 1, 2025 - Apr 25, 2025
#2	-28.19% Mar 6, 2020 - Jul 8, 2020	-0.27% Feb 7, 2024 - Feb 22, 2024
#3	-13.65% May 2, 2013 - May 1, 2014	-0.25% Mar 3, 2025 - Mar 27, 2025
#4	-11.71% Jan 30, 2015 - Jun 3, 2016	-0.17% Feb 26, 2026 - Mar 17, 2026
#5	-10.93% Aug 6, 2020 - Aug 4, 2021	-0.17% Nov 24, 2023 - Nov 29, 2023
#6	-9.86% Dec 15, 2017 - Mar 27, 2019	-0.16% Mar 27, 2025 - Apr 1, 2025
#7	-9.05% Jul 11, 2016 - Jun 14, 2017	-0.12% Oct 14, 2025 - Oct 20, 2025
#8	-8.02% Aug 24, 2010 - May 17, 2011	-0.09% Mar 5, 2024 - Mar 13, 2024
#9	-5.41% Feb 28, 2012 - May 14, 2012	-0.08% Aug 9, 2024 - Aug 14, 2024
#10	-5.31% Aug 28, 2019 - Dec 27, 2019	-0.08% Feb 20, 2025 - Feb 26, 2025
#11	-5.15% Nov 1, 2011 - Jan 17, 2012	-0.06% May 2, 2025 - May 8, 2025
#12	-5.01% Sep 22, 2011 - Oct 25, 2011	-0.06% May 8, 2025 - May 12, 2025
#13	-4.96% Oct 12, 2012 - Apr 22, 2013	-0.06% Nov 12, 2024 - Nov 15, 2024
#14	-4.94% Aug 10, 2011 - Sep 21, 2011	-0.06% Nov 15, 2024 - Nov 21, 2024
#15	-4.79% Jul 25, 2012 - Oct 10, 2012	-0.05% Jan 23, 2024 - Jan 29, 2024

Correlation

Correlation between VCLT and PAAA is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2009 - 2026)

VCLT vs PAAA dividend yield comparison.

Year	VCLT	PAAA
2026	1.79%	1.51%
2025	5.51%	5.12%
2024	5.19%	5.88%
2023	4.67%	2.76%
2022	4.44%	0.00%
2021	3.07%	0.00%
2020	3.16%	0.00%
2019	3.81%	0.00%
2018	4.55%	0.00%
2017	4.01%	0.00%
2016	4.33%	0.00%
2015	4.68%	0.00%
2014	4.29%	0.00%
2013	4.83%	0.00%
2012	4.58%	0.00%
2011	4.56%	0.00%
2010	5.73%	0.00%
2009	0.67%	0.00%