BLV vs. VLGSX
Compare and contrast key facts about Vanguard Long-Term Bond ETF (BLV) and Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX).
BLV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. VLGSX is managed by Vanguard. It was launched on Mar 1, 2010.
Performance
BLV vs. VLGSX - Performance Comparison
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BLV vs. VLGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | -0.32% | 6.44% | -3.65% | 7.35% | -26.95% | -2.89% | 16.13% | 18.99% | -4.17% | 10.74% |
VLGSX Vanguard Long-Term Treasury Index Fund Admiral Shares | -0.20% | 5.42% | -6.17% | 3.66% | -29.48% | -4.99% | 17.70% | 14.31% | -1.62% | 8.65% |
Returns By Period
In the year-to-date period, BLV achieves a -0.32% return, which is significantly lower than VLGSX's -0.20% return. Over the past 10 years, BLV has outperformed VLGSX with an annualized return of 1.20%, while VLGSX has yielded a comparatively lower -0.85% annualized return.
BLV
- 1D
- 0.36%
- 1M
- -3.51%
- YTD
- -0.32%
- 6M
- -0.68%
- 1Y
- 2.33%
- 3Y*
- 1.01%
- 5Y*
- -3.05%
- 10Y*
- 1.20%
VLGSX
- 1D
- 1.25%
- 1M
- -3.96%
- YTD
- -0.20%
- 6M
- -0.48%
- 1Y
- 0.43%
- 3Y*
- -1.42%
- 5Y*
- -4.56%
- 10Y*
- -0.85%
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BLV vs. VLGSX - Expense Ratio Comparison
BLV has a 0.03% expense ratio, which is lower than VLGSX's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BLV vs. VLGSX — Risk / Return Rank
BLV
VLGSX
BLV vs. VLGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) and Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BLV | VLGSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.12 | +0.12 |
Sortino ratioReturn per unit of downside risk | 0.38 | 0.24 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.30 | +0.13 |
Martin ratioReturn relative to average drawdown | 1.04 | 0.66 | +0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLV | VLGSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.12 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.31 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | -0.06 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.18 | +0.19 |
Correlation
The correlation between BLV and VLGSX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BLV vs. VLGSX - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.73%, more than VLGSX's 4.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.33% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
VLGSX Vanguard Long-Term Treasury Index Fund Admiral Shares | 4.08% | 4.41% | 4.65% | 3.30% | 2.80% | 1.85% | 2.13% | 2.45% | 2.72% | 2.55% | 2.46% | 2.80% |
Drawdowns
BLV vs. VLGSX - Drawdown Comparison
The maximum BLV drawdown since its inception was -38.29%, smaller than the maximum VLGSX drawdown of -46.22%. Use the drawdown chart below to compare losses from any high point for BLV and VLGSX.
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Drawdown Indicators
| BLV | VLGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -46.22% | +7.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -8.49% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -41.02% | +4.75% |
Max Drawdown (10Y)Largest decline over 10 years | -38.29% | -46.22% | +7.93% |
Current DrawdownCurrent decline from peak | -24.59% | -36.44% | +11.85% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -14.89% | +5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.86% | -1.02% |
Volatility
BLV vs. VLGSX - Volatility Comparison
Vanguard Long-Term Bond ETF (BLV) and Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) have volatilities of 3.54% and 3.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLV | VLGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.62% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 5.50% | 6.07% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 10.37% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 14.58% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.99% | 13.73% | -1.74% |