LBWIX vs. VIVIX

Last updated Aug 5, 2026

LBWIX (BrandywineGLOBAL - Diversified US Large Cap Value Fund) and VIVIX (Vanguard Value Index Fund Institutional Shares) are both Large Cap Value Equities funds. Over the past 10 years, LBWIX returned 12.35%/yr vs 12.46%/yr for VIVIX. Their 0.97 correlation means they have historically moved very closely together. LBWIX charges 0.84%/yr vs 0.03%/yr for VIVIX.

Performance

LBWIX vs. VIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - Diversified US Large Cap Value Fund (LBWIX) and Vanguard Value Index Fund Institutional Shares (VIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LBWIX having a 17.22% return and VIVIX slightly lower at 16.93%. Both investments have delivered pretty close results over the past 10 years, with LBWIX having a 12.35% annualized return and VIVIX not far ahead at 12.46%.

LBWIX

• 1D: 0.70%
• 1M: 2.85%
• 6M: 11.26%
• YTD: 17.22%
• 1Y: 28.79%
• 3Y*: 19.38%
• 5Y*: 12.87%
• 10Y*: 12.35%
• ALL TIME*: 12.02%

VIVIX

• 1D: 0.51%
• 1M: 0.82%
• 6M: 10.31%
• YTD: 16.93%
• 1Y: 27.38%
• 3Y*: 17.84%
• 5Y*: 12.43%
• 10Y*: 12.46%
• ALL TIME*: 8.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LBWIX BrandywineGLOBAL - Diversified US Large Cap Value Fund	$0.00	$0.00	$0.00
VIVIX Vanguard Value Index Fund Institutional Shares	$0.00	$0.00	$0.00

LBWIX vs. VIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LBWIX BrandywineGLOBAL - Diversified US Large Cap Value Fund	17.22%	17.38%	18.59%	7.42%	-1.56%	29.74%	-1.41%	25.66%	-9.05%	17.79%
VIVIX Vanguard Value Index Fund Institutional Shares	16.93%	15.30%	15.99%	9.23%	-2.05%	26.50%	2.30%	25.83%	-5.44%	17.14%

Correlation

The correlation between LBWIX and VIVIX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.97

The correlation between LBWIX and VIVIX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

LBWIX vs. VIVIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LBWIX

LBWIX Risk / Return Rank: 95
LBWIX Sharpe Ratio Rank: 96
LBWIX Sortino Ratio Rank: 96
LBWIX Omega Ratio Rank: 93
LBWIX Calmar Ratio Rank: 95
LBWIX Martin Ratio Rank: 94

VIVIX

VIVIX Risk / Return Rank: 95
VIVIX Sharpe Ratio Rank: 97
VIVIX Sortino Ratio Rank: 96
VIVIX Omega Ratio Rank: 93
VIVIX Calmar Ratio Rank: 95
VIVIX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LBWIX vs. VIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Diversified US Large Cap Value Fund (LBWIX) and Vanguard Value Index Fund Institutional Shares (VIVIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LBWIX	VIVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.82	2.79	+0.03
Sortino ratio: Return per unit of downside risk	4.11	3.97	+0.13
Omega ratio: Gain probability vs. loss probability	1.50	1.50	0.00
Calmar ratio: Return relative to maximum drawdown	4.48	4.51	-0.03
Martin ratio: Return relative to average drawdown	16.24	17.38	-1.13

LBWIX vs. VIVIX - Sharpe Ratio Comparison

The current LBWIX Sharpe Ratio is 2.82, which is comparable to the VIVIX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of LBWIX and VIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LBWIX vs. VIVIX - Drawdown Comparison

The maximum LBWIX drawdown since its inception was -38.22%, smaller than the maximum VIVIX drawdown of -59.30%. Use the drawdown chart below to compare losses from any high point for LBWIX and VIVIX.

Drawdown Indicators

	LBWIX	VIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.22%	-59.30%	+21.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-6.36%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-14.05%	-14.40%	+0.35%
Max Drawdown (5Y) Largest decline over 5 years	-17.87%	-17.12%	-0.75%
Max Drawdown (10Y) Largest decline over 10 years	-38.22%	-36.80%	-1.42%
Current Drawdown Current decline from peak	-0.53%	-0.84%	+0.31%
Average Drawdown Average peak-to-trough decline	-3.91%	-9.21%	+5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.65%	+0.22%

Volatility

LBWIX vs. VIVIX - Volatility Comparison

BrandywineGLOBAL - Diversified US Large Cap Value Fund (LBWIX) has a higher volatility of 2.86% compared to Vanguard Value Index Fund Institutional Shares (VIVIX) at 2.54%. This indicates that LBWIX's price experiences larger fluctuations and is considered to be riskier than VIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBWIX	VIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	2.54%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.04%	7.78%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	10.28%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	13.86%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	16.69%	+1.10%

LBWIX vs. VIVIX - Expense Ratio Comparison

LBWIX has a 0.84% expense ratio, which is higher than VIVIX's 0.03% expense ratio.

Dividends

LBWIX vs. VIVIX - Dividend Comparison

LBWIX's dividend yield for the trailing twelve months is around 10.62%, more than VIVIX's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LBWIX BrandywineGLOBAL - Diversified US Large Cap Value Fund	10.62%	12.45%	11.18%	1.90%	13.87%	16.48%	2.89%	11.13%	11.30%	6.47%	6.95%	6.82%
VIVIX Vanguard Value Index Fund Institutional Shares	1.85%	2.04%	2.31%	2.46%	2.52%	2.15%	2.55%	2.50%	2.73%	2.30%	2.46%	2.61%

Frequently Asked Questions

Can I hold both LBWIX and VIVIX in my portfolio?

With a correlation of 0.92, LBWIX and VIVIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LBWIX or VIVIX?

LBWIX has higher volatility (2.86%) compared to VIVIX (2.54%). In terms of maximum drawdown, LBWIX dropped -38.22% vs VIVIX's -59.30%.

Which has better risk-adjusted returns?

LBWIX currently has the higher Sharpe Ratio (2.82 vs 2.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.