Key Points VCLT charges a lower expense ratio and offers a higher dividend yield than LQD VCLT’s long-duration bond focus means greater risk and deeper drawdowns compared to LQD LQD holds a much broader set of bonds, while VCLT tilts toward financial and healthcare sectors These 10 stocks could mint the next wave of millionaires › Vanguard Long-Term Corporate Bond ETF (VCLT) looks more affordable and offers a higher payout than iShares iBoxx Investment Grade Corporate Bond ETF (LQD), but comes w ...