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Long Corporate Bond ETFs: IGLB Offers Broad Exposure While VCLT Is Slightly Cheaper
Key takeaways
- Both funds target the long end of the corporate credit curve, providing income through investment-grade debt.
- Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns.
- The Vanguard fund is slightly more affordable with an expense ratio of 0.03%, compared to 0.04% for the iShares fund.
Both funds target the long end of the corporate credit curve, providing income through investment-grade debt. Investors often look to these ETFs for higher yields than government bonds, though they may accept greater sensitivity to interest rate shifts and corporate credit risk in exchange.
Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
The Vanguard fund is slightly more affordable with an expense ratio of 0.03%, compared to 0.04% for the iShares fund. Additionally, the Vanguard fund provided a higher payout with a 5.50% trailing-12-month dividend yield.
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