VCLT vs SPY

Comparison between VANGUARD LONG-TERM CORPORATE BOND INDEX FUND ETF SHARES (VCLT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VCLT, delivering a return of +13.3% compared to -1.7%

VCLT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCLT(ETF)	SPY(ETF)
Net Assets	$8.20B	$652B
Expense Ratio	0.03%	0.09%
Max Drawdown	40.10%	56.47%
Sharpe Ratio	0.50	2.07
5Y Beta	0.22	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	6.14%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

VCLT

$8.20B

Winner

SPY

$652B

Expense Ratio

Winner

VCLT

0.03%

SPY

0.09%

Max Drawdown

Winner

VCLT

40.10%

SPY

56.47%

Sharpe Ratio

VCLT

0.50

Winner

SPY

2.07

5Y Beta

Winner

VCLT

0.22

SPY

1.00

P/E Ratio

VCLT

N/A

SPY

28.24

Forward P/E

VCLT

N/A

SPY

21.85

5Y Dividends CAGR

Winner

VCLT

6.14%

SPY

5.43%

5Y EPS CAGR

VCLT

N/A

SPY

25.79%

Debt to Equity

VCLT

N/A

SPY

22.35%

P/S Ratio

VCLT

N/A

SPY

3.55

P/B Ratio

VCLT

N/A

SPY

5.29

VCLT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	VCLT	SPY
1 month	+0.24%	+9.11%
3 months	-0.11%	+6.59%
6 months	+0.51%	+10.56%
1 year	+8.36%	+32.04%
5 years(CAGR)	-1.67%	+13.35%
10 years(CAGR)	+2.39%	+15.49%
Max(CAGR)	+4.59%	+8.50%

VCLT

+0.24%

Winner

SPY

+9.11%

VCLT

-0.11%

Winner

SPY

+6.59%

VCLT

+0.51%

Winner

SPY

+10.56%

VCLT

+8.36%

Winner

SPY

+32.04%

5Y(CAGR)

VCLT

-1.67%

Winner

SPY

+13.35%

10Y(CAGR)

VCLT

+2.39%

Winner

SPY

+15.49%

Max(CAGR)

VCLT

+4.59%

Winner

SPY

+8.50%

VCLT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VCLT	SPY
2026	+0.93%	+8.27%
2025	+7.16%	+18.00%
2024	-0.96%	+25.59%
2023	+9.95%	+26.72%
2022	-24.36%	-18.64%
2021	-1.07%	+30.52%
2020	+12.94%	+17.28%
2019	+23.31%	+31.09%
2018	-6.13%	-5.24%
2017	+11.47%	+20.78%
2016	+10.99%	+13.59%
2015	-5.51%	+1.31%
2014	+16.10%	+14.56%
2013	-4.77%	+29.00%
2012	+11.21%	+14.17%
2011	+17.14%	+0.85%
2010	+10.80%	+13.14%
2009	-0.72%	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

VCLT vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current VCLT drawdown is -14.52%.

Rank	VCLT	SPY
#1	-34.32% Sep 22, 2021 - Oct 24, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-28.19% Mar 6, 2020 - Jul 8, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-13.65% May 2, 2013 - May 1, 2014	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-11.71% Jan 30, 2015 - Jun 3, 2016	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-10.93% Aug 6, 2020 - Aug 4, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-9.86% Dec 15, 2017 - Mar 27, 2019	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-9.05% Jul 11, 2016 - Jun 14, 2017	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-8.02% Aug 24, 2010 - May 17, 2011	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-5.41% Feb 28, 2012 - May 14, 2012	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.31% Aug 28, 2019 - Dec 27, 2019	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-5.15% Nov 1, 2011 - Jan 17, 2012	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-5.01% Sep 22, 2011 - Oct 25, 2011	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-4.96% Oct 12, 2012 - Apr 22, 2013	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-4.94% Aug 10, 2011 - Sep 21, 2011	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-4.79% Jul 25, 2012 - Oct 10, 2012	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VCLT and SPY is 0.74 which considered as a strong positive correlation - the stocks tend to move together.

0.74

-101

Dividend Comparison (1999 - 2026)

VCLT vs SPY dividend yield comparison.

Year	VCLT	SPY
2026	1.79%	0.24%
2025	5.51%	1.07%
2024	5.19%	1.21%
2023	4.67%	1.40%
2022	4.44%	1.65%
2021	3.07%	1.20%
2020	3.16%	1.52%
2019	3.81%	1.75%
2018	4.55%	2.04%
2017	4.01%	1.80%
2016	4.33%	2.03%
2015	4.68%	2.06%
2014	4.29%	1.87%
2013	4.83%	1.81%
2012	4.58%	2.18%
2011	4.56%	2.05%
2010	5.73%	1.80%
2009	0.67%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%