Which Is the Better Long-Term Bond ETF: Vanguard's Corporate VCLT or Treasury VGLT?

Vanguard's Long-Term Corporate Bond ETF (VCLT) and Long-Term Treasury ETF (VGLT) both charge identical 0.03% expense ratios but offer different risk-return profiles. VCLT provides higher yields (5.60% vs 4.60%) and better five-year returns with lower volatility, making it suitable for income-focused investors willing to accept credit risk. VGLT offers safer U.S. Treasury exposure with zero credit risk but lower yields and greater interest rate sensitivity.