Tearsheet

Key Takeaways

  • VCLT has returned +2.1% YTD vs +7.2% for SPY, +0.8% for AGG; +6.3% over the past 12 months (SPY +19.6%, AGG +4.2%). details →
  • Priced in gold, VCLT has returned -46.2% over the past 3 years, vs +14.3% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, VCLT has seen net inflows of +$298M (+3.2% of assets). details →
  • VCLT yields 5.49% based on its trailing 12-month distributions.
  • VCLT's +2.1% YTD is ahead of its typical pace — it averaged -4.2% at this point (June 28) over the past 5 years. details →
Last updated: 6/28/2026.

Price Chart

Asset Allocation with VCLT

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+12.1%
Volatility
12.3%
Sharpe
0.77
YTD
+4.9%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
Learn More →
Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for VCLT

Total Weights
Top 5: 1.9% | Top 10: 3.1% | Top 20: 5.2%

HoldingETF Weight
CMT001142MKTLIQ 12/31/20490.61%
03522AAJ9Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 4.90% 02/01/20460.38%
126650CZ1CVS Health Corp 5.05% 03/25/20480.33%
30303MAE2Meta Platforms Inc 5.63% 11/15/20550.29%
097023CW3Boeing Co/The 5.80% 05/01/20500.27%
30303MAK8Meta Platforms Inc 6.30% 05/15/20560.26%
023135DH6Amazon.com Inc 5.80% 03/13/20560.26%
716973AG7Pfizer Investment Enterprises Pte Ltd 5.30% 05/19/20530.24%
68389XEB7Oracle Corp 6.70% 02/04/20560.24%
00206RLJ9AT&T Inc 3.55% 09/15/20550.23%
00206RKJ0AT&T Inc 3.50% 09/15/20530.23%
126650CY4CVS Health Corp 4.78% 03/25/20380.23%
06051GJA8Bank of America Corp 4.08% 03/20/20510.22%
38141GFD1Goldman Sachs Group Inc/The 6.75% 10/01/20370.21%
30303M8Y1Meta Platforms Inc 5.75% 11/15/20650.21%
02079KBP1Alphabet Inc 5.65% 02/15/20560.20%
30303M8X3Meta Platforms Inc 5.50% 11/15/20450.20%
00206RMN9AT&T Inc 3.80% 12/01/20570.20%
00206RLV2AT&T Inc 3.65% 09/15/20590.20%
06051GJE0Bank of America Corp 2.68% 06/19/20410.19%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
VCLT Return-2%-26%11%-2%7%2%-13%
Peers Return-2%-26%11%-2%7%2%-13%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
VCLT Win Rate50%25%50%58%58%83% 
Peers Win Rate50%25%50%58%58%83% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
VCLT Max Drawdown-11%-33%-15%-8%-6%-5% 
Peers Max Drawdown-10%-33%-15%-7%-6%-5% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SPLB, IGLB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
VCLT0.440.07-0.34
Bond Top Results (3Y)   
USHY0.860.960.14
SHYG0.820.930.25
JNK0.890.880.06
HYG0.700.860.08
SPSB0.170.61-0.43

Results as of 5312026.

How Low Can It Go

EventVCLTS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-12.1%-9.5%
  % Gain to Breakeven13.7%10.5%
  Time to Breakeven43 days24 days
2020 COVID-19 Crash
  % Loss-25.2%-33.7%
  % Gain to Breakeven33.7%50.9%
  Time to Breakeven21 days140 days
2013 Taper Tantrum
  % Loss-13.6%-0.2%
  % Gain to Breakeven15.8%0.2%
  Time to Breakeven236 days1 days

Compare to SPLB, IGLB

In The Past

Vanguard Long-Term Corporate Bond ETF's stock fell -3.4% during the 2025 US Tariff Shock. Such a loss loss requires a 3.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventVCLTS&P 500
2020 COVID-19 Crash
  % Loss-25.2%-33.7%
  % Gain to Breakeven33.7%50.9%
  Time to Breakeven21 days140 days

Compare to SPLB, IGLB

In The Past

Vanguard Long-Term Corporate Bond ETF's stock fell -3.4% during the 2025 US Tariff Shock. Such a loss loss requires a 3.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

VCLT Dip Buy History


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Alerts when dip buy opportunities arise.
Notify Me →

Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
OEFiShares S&P 100 ETF-5.4%357.576282026378.10601202627
XLGInvesco S&P 500 Top 50 ETF-8.2%59.30628202664.59601202627
MAGSRoundhill Magnificent Seven ETF-13.2%61.60628202670.94514202645
QQQInvesco QQQ Trust, Series 1-5.3%706.526282026746.16602202626
QQQMInvesco NASDAQ 100 ETF-5.3%290.956282026307.23602202626
ONEQFidelity Nasdaq Composite Index ETF-6.9%99.386282026106.70602202626
VUGVanguard Growth ETF-8.2%82.76628202690.19601202627
IWFiShares Russell 1000 Growth ETF-7.6%119.046282026128.77601202627
IVWiShares S&P 500 Growth ETF-6.4%132.586282026141.59601202627
SCHGSchwab U.S. Large-Cap Growth ETF-7.0%32.84628202635.30601202627
SPYGState Street SPDR Portfolio S&P 500 Growth ETF-6.4%114.716282026122.60601202627
VONGVanguard Russell 1000 Growth ETF-7.7%122.126282026132.35601202627
MGKVanguard Mega Cap Growth ETF-8.4%84.27628202691.97601202627
AKREAkre Focus ETF-19.7%53.50628202666.591062026173
SCZiShares MSCI EAFE Small-Cap ETF-5.0%82.16628202686.49531202628
VSSVanguard FTSE All-World EX-US Small-Cap Index Fund-5.4%153.016282026161.79511202648
SCHCSchwab International Small-Cap Equity ETF-7.4%47.75628202651.543012026119
IEMGiShares Core MSCI Emerging Markets ETF-5.5%81.30628202686.0062220266
EEMiShares MSCI Emerging Markets ETF-5.6%67.19628202671.2162220266
FNDESchwab Fundamental Emerging Markets Equity ETF-7.2%39.28628202642.35602202626
EWYiShares MSCI South Korea ETF-10.0%197.286282026219.2062120267
EWZiShares MSCI Brazil ETF-16.9%34.67628202641.73414202675
FXIiShares China Large-Cap ETF-22.5%31.59628202640.781292026150
ILFiShares Latin America 40 ETF-11.3%33.81628202638.10414202675
KWEBKraneShares CSI China Internet ETF-36.4%23.94628202637.661122026167
SCHYSchwab International Dividend Equity ETF-5.9%31.74628202633.733012026119
QQQINEOS Nasdaq 100 High Income ETF-5.2%54.69628202657.69602202626
MTUMiShares MSCI USA Momentum Factor ETF-5.6%325.746282026345.2262220266
ARKKARK Innovation ETF-6.1%78.13628202683.211132026166
URAGlobal X Uranium ETF-29.5%43.59628202661.811282026151
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-13.5%36.01628202641.63513202646
ROBOROBO Global Robotics & Automation Index ETF-9.2%82.00628202690.34602202626
LITGlobal X Lithium & Battery Tech ETF-17.1%75.93628202691.62511202648
ICLNiShares Global Clean Energy ETF-17.9%19.50628202623.75602202626
ARKQARK Autonomous Technology & Robotics ETF-14.1%123.606282026143.82528202631
ARKWARK Next Generation Internet ETF-9.7%139.226282026154.18601202627
ARKXARK Space & Defense Innovation ETF-15.4%31.93628202637.74528202631
NASATema Space Innovators ETF-36.5%26.58628202641.89527202632
XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETF-5.9%19.69628202620.93616202612
AGIXKraneShares Artificial Intelligence ETF-9.3%44.79628202649.40601202627
CGBLCapital Group Core Balanced ETF-6.2%34.41628202636.672252026123
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-13.8%60.67628202670.39511202648
RAAXVanEck Real Assets ETF-6.8%39.81628202642.70511202648
VGTVanguard Information Technology ETF-9.4%113.866282026125.62602202626
XLKState Street Technology Select Sector SPDR ETF-8.6%181.116282026198.21602202626
XLEState Street Energy Select Sector SPDR ETF-13.9%53.84628202662.56329202691
XLCState Street Communication Services Select Sector SPDR ETF-11.3%106.186282026119.702012026147
XLYState Street Consumer Discretionary Select Sector SPDR ETF-8.0%114.376282026124.271122026167
XLPState Street Consumer Staples Select Sector SPDR ETF-5.4%84.71628202689.513012026119
FXNFirst Trust Energy AlphaDEX Fund-12.4%20.31628202623.18329202691
SMHVanEck Semiconductor ETF-8.6%611.616282026668.9162220266
SOXXiShares Semiconductor ETF-9.9%589.946282026655.0162220266
ITAiShares U.S. Aerospace & Defense ETF-5.4%236.786282026250.423022026118
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-17.8%154.686282026188.18329202691
IGViShares Expanded Tech-Software Sector ETF-18.4%88.206282026108.1012282025182
IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF-7.3%175.826282026189.591152026164
MISLFirst Trust Indxx Aerospace & Defense ETF-13.5%44.10628202650.981192026160
RINGiShares MSCI Global Gold Miners ETF-33.7%65.96628202699.423012026119
SOXQInvesco PHLX Semiconductor ETF-9.9%103.696282026115.1162220266
BWXState Street SPDR Bloomberg International Treasury Bond ETF-5.3%21.73628202622.952162026132
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-16.1%15.87628202618.91512202647
DBCInvesco DB Commodity Index Tracking Fund-16.2%26.57628202631.69512202647
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-17.3%30.21628202636.53519202640
GSGiShares GSCI Commodity-5.8%30.01628202631.853182026102
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-14.0%22.29628202625.91512202647
FTGCFirst Trust Global Tactical Commodity Strategy Fund-11.9%26.91628202630.53512202647
HGERHarbor Commodity All-Weather Strategy ETF-12.6%29.25628202633.47512202647
GLDSPDR Gold Trust-24.7%373.636282026495.901292026150
IAUiShares Gold Trust-24.6%76.566282026101.571292026150
GLDMSPDR Gold MiniShares Trust-24.5%80.616282026106.771292026150
SGOLETFS Physical Swiss Gold Shares-13.1%44.66628202651.411292026150
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34628202653.161292026150
SLViShares Silver Trust-49.5%53.286282026105.601282026151
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.396282026110.871282026151
PPLTETFS Physical Platinum Shares-41.4%14.77628202625.231252026154
CPERUnited States Copper Index Fund ETV-13.9%33.33628202638.711292026150
PALLETFS Physical Palladium Shares-40.7%22.04628202637.181282026151
USOUnited States Oil Fund LP-31.0%105.486282026152.96519202640
UNGUnited States Natural Gas Fund LP-29.8%11.87628202616.902012026147
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85628202660.13504202655
IBITiShares Bitcoin Trust ETF-38.9%33.85628202655.441142026165
FBTCFidelity Wise Origin Bitcoin Fund-38.9%51.98628202685.121142026165
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84628202676.311142026165
ETHAiShares Ethereum Trust ETF-53.5%11.89628202625.591142026165

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-06-26

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$66.6B), followed by Bond (+$20.3B), while Commodity (−$6.2B) and Crypto (−$4.6B) saw the largest outflows.
  • Within the mix, money rotated into US Large Cap Core (+$25.7B) and out of Gold (−$5.7B).
  • Relative to fund size, ARKQ drew the largest inflow (+54.0% of AUM) and VLUE the largest outflow (−35.2%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core+$45.78B+5.4%
2SPYState Street SPDR S&P 500 ETF TrustEquity US Large Cap Core+$14.76B+1.9%
3DRAMRoundhill Memory ETFOther+$7.72B+45.8%
4SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$7.19B+4.8%
5VONGVanguard Russell 1000 Growth ETFEquity US Large Growth+$4.94B+11.1%
6QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$4.74B+4.8%
7VHTVanguard Health Care ETFEquity Broad Sector+$4.39B+26.1%
8SGOViShares 0-3 Month Treasury Bond ETFCash+$4.14B+4.4%
9SOXXiShares Semiconductor ETFEquity Industry Subsector+$4.03B+9.5%
10VONVVanguard Russell 1000 Value ETFOther+$3.96B+20.0%
Largest outflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core-$41.52B-4.2%
2EFViShares MSCI EAFE Value ETFEquity International Developed Broad-$5.56B-22.6%
3VLUEiShares MSCI USA Value Factor ETFEquity Factor Smart Beta-$5.05B-35.2%
4GLDSPDR Gold SharesCommodity Gold-$3.69B-2.6%
5IBITiShares Bitcoin Trust ETFCrypto-$3.17B-6.5%
6IAGGiShares Core International Aggregate Bond ETFBond International-$2.79B-25.7%
7TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury-$2.41B-5.9%
8QUALiShares MSCI USA Quality Factor ETFEquity Factor Smart Beta-$2.05B-4.5%
9IAUiShares Gold TrustCommodity Gold-$1.79B-2.7%
10IWMiShares Russell 2000 ETFEquity US Small Cap Core-$1.66B-2.0%

Largest ETF fund flows across ~2559 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About VCLT

0Holdings Count: 257
Expense Ratio: 0.03%
Inception Date: 2009-11-19
Vanguard Long-Term Corporate Bond ETF
This ETF is designed to provide investors with a substantial and consistent flow of current income. Its portfolio primarily consists of high-quality, investment-grade corporate debt instruments. The fund targets an average maturity for its bond holdings, weighted by their market value, that typically falls within a range of ten to twenty-five years.
Asset Class: Core Investment Grade Bond | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

VCLTSPLBIGLBMedian
NameVanguard L.State Stre.iShares 10. 
Asset ClassBondBondBond-
AUM ($ Bil)9.21.22.72.7
Expense Ratio0.03%0.04%0.04%0.04%
10-D Avg Volume (Mil)5.393.641.403.64
Latest Day Volume (Mil)4.942.210.632.21
Holdings Count2572,9533,8272,953
Inception Date11/19/20093/10/200912/8/2009-

Fundamentals

VCLTSPLBIGLBMedian
NameVanguard L.State Stre.iShares 10. 
Net Asset Value75.6822.5350.34-
Premium/Discount0.0%0.0%0.0%0.0%
Distribution Yield5.5%5.3%5.2%5.3%
Sales Yield----
Earnings Yield----

Valuation

VCLTSPLBIGLBMedian
NameVanguard L.State Stre.iShares 10. 
P/S (TTM)----
P/E (TTM)----
P/FCF (TTM)----
Forward P/E----
Forward P/S----

Risk

VCLTSPLBIGLBMedian
NameVanguard L.State Stre.iShares 10. 
Volatility (1Y)7.8%8.0%7.8%7.8%
Volatility (3Y)11.0%11.0%10.8%11.0%
Volatility (5Y)12.7%12.7%12.4%12.7%
Beta (1Y)0.260.260.250.26
Beta (3Y)0.270.260.260.26
Beta (5Y)0.260.260.260.26
Sharpe Ratio (1Y)0.830.760.810.81
Sharpe Ratio (3Y)0.430.420.440.43
Sharpe Ratio (5Y)-0.12-0.13-0.12-0.12
Max Drawdown (1Y)-5.2%-5.4%-5.2%-5.2%
Max Drawdown (3Y)-13.0%-12.9%-12.9%-12.9%
Max Drawdown (5Y)-34.3%-34.5%-34.1%-34.3%

Returns

VCLTSPLBIGLBMedian
NameVanguard L.State Stre.iShares 10. 
1M Return1.3%1.0%1.0%1.0%
3M Return3.9%3.5%3.5%3.5%
6M Return1.8%1.5%1.4%1.5%
YTD Return2.1%1.6%1.6%1.6%
1Y Return6.5%6.0%6.2%6.2%
2Y Return9.1%8.6%9.1%9.1%
3Y Return13.2%12.8%13.4%13.2%

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity13.7 Mil
Short Interest: % Change Since 5312026-7.3%
Average Daily Volume5.7 Mil
Days-to-Cover Short Interest2.4 days