VCLT — Vanguard Long-Term Corporate Bond Index Fund ETF Shares

VCLT Price Performance — Growth of $10,000

Value of a $10,000 investment in VCLT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VCLT Drawdown

The "underwater" chart: VCLT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

Vanguard Long-Term Corporate Bond Index Fund ETF Shares is a US corporate bond fund issued by Vanguard with $9.55 billion in assets. It holds a C grade and ranks 16th out of 17 peers in its category, placing it near the bottom of the group. The fund’s expense ratio of 0.03% is half the category median of 0.06%, offering a cost advantage. Its dividend yield of 5.66% significantly exceeds the category median of 4.93%, providing a higher income profile. Top holdings represent only 3.2% of assets, with the largest position being a money market fund at 0.7%.

The fund’s price of $71.62 sits at 7.3% of its 52-week range, indicating it is near the lower end of recent trading levels. Short-term returns are negative across one-day, one-week, one-month, three-month, six-month, year-to-date, and one-year horizons. In contrast, the three-year return shows a positive trend of +12.93%, diverging from the recent underperformance. The one-year return of -0.81% trails the category median of +2.85%. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 1.99, the fund exhibits high sensitivity to market movements relative to the broader market. Annualized volatility is labeled as Very Low at 7.84%, suggesting stable price fluctuations despite the high beta. The Sharpe ratio of -0.74 indicates that risk-adjusted returns have been negative over the measured period. Maximum drawdown reached -9.56%, reflecting the largest peak-to-trough decline in value. Liquidity is robust, with an average daily volume of 4,118,952 shares and a tight bid-ask spread of 0.07%.

AI-generated summary based on the data on this page.

VCLT Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 3.2% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VCLT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VCLT

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VCLT's top 10 — VCIT overlaps most, holding 7 of the same companies as VCLT's top 10 (2.4% of VCLT's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.65% (as of 2026-09-03) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

VCLT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.07% and average daily volume is 4.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $9.55B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VCLT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VCLT Performance History

How VCLT Compares to Other US Bonds - Corporate ETFs