Vanguard 長期公司債ETF (NASDAQ:VCLT) 提供較高殖利率與較低的管理費用，而 iShares iBoxx $ 投資級公司債ETF (NYSEMKT:LQD) 則在資本保護與歷史波動率上表現較佳。 Both funds serve as core pillars for investors seeking exposure to the high-quality corporate debt market. 這兩檔基金作為投資級公司債市場的核心持倉，雖在目標相似，但於到期期限、費用結構與收入潛力上呈現顯著差異。 Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. Beta 衡量價格波動與標準普爾500指數的關係，於五年月度回報計算後得出。 The 1-yr return represents total return over the trailing 12 months. 1年回報代表過去12個月的總回報。 Dividend yield is the trailing-12-month distribution yield as of June 24. 分紅殖利率為2026年6月24日以最近12個月的派息殖利率計算。 The Vanguard fund is the more affordable option with an expense ratio of 0.03%, compared to 0.14% for the iShares fund. {Vanguard}基金的管理費用為0.03%，顯著低於{iShares}的0.14%。此外，VCLT目前的 trailing-12-month distribution yield 為5.53%，而LQD則為4.52%。 The iShares iBoxx $ Investment Grade Corporate Bond ETF — LQD — is a fixed-income fund that seeks to track high-quality corporate bonds issued in U.S. dollars. Its portfolio is highly diversified with 3,149 holdings and with no single position exceeding 0.69% of its total assets. 這是{iShares}的iBoxx $ 投資級公司債ETF（LQD），旨在追蹤以美元發行的高品質企業債券。其持倉高度分散，共3,149檔債券，單一持倉不超過總資產的0.69%。該ETF於2002年上市，過去12個月的 trailing dividend 為每股4.96美元。 It focuses on broad investment-grade exposure across various maturity ranges to provide stability and consistent income. 該基金提供涵蓋不同年限的廣泛投資級曝險，以保障資本穩定與持續性收入。 The Vanguard Long-Term Corporate Bond ETF — VCLT — is also a fixed income fund, but it specifically targets debt with maturities ranging from 10 to 25 years. It manages 2,778 holdings, with no individual position accounting for more than 0.38% of total assets under management (AUM). Launched in 2009, this fund paid $4.15 per share over the trailing 12 months. {Vanguard}的長期公司債ETF（VCLT）也是一項固定收益基金，但專注於10至25年期的債券。基金管理規模達2,778檔持倉，單一持倉占比不超過0.38% AUM。2009年上市後，過去12個月的 trailing distribution 為每股4.15美元。 The two funds, iShares' LQD and Vanguard's VCLT, are similar funds in many ways. Both have their holdings concentrated in A and BBB-rated corporate bonds, with LQD holding more than 88% of its holdings in that credit range, while VCLT has about 86.5%. The Vanguard fund is a little heavier in higher-rated AAA and AA bonds, at around 13.3% of holdings, while LQD has just over 10%. 這兩檔基金，iShares的LQD與Vanguard的VCLT，在許多面向上相似。兩者皆聚焦於A與BBB級企業債，LQD的持倉中超過88%屬於該評等範圍，而VCLT則約為86.5%。相較於LQD，Vanguard的持倉在AAA與AA級別佔比較高，約13.3%，而LQD則略低於10%。 View Comments 觀看評論