LGCF vs. VBIL

Last updated Jun 6, 2026

LGCF (Themes US Cash Flow Champions ETF) and VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both exchange-traded funds - LGCF is a Large Cap Value Equities fund tracking the Solactive US Cash Flow Champions Index, while VBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. Both are passively managed. Over the past year, LGCF returned 18.10% vs 3.93% for VBIL. At a correlation of -0.06, they often move in opposite directions. LGCF charges 0.29%/yr vs 0.07%/yr for VBIL.

Performance

LGCF vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US Cash Flow Champions ETF (LGCF) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGCF achieves a 4.45% return, which is significantly higher than VBIL's 1.52% return.

LGCF

• 1D: -0.82%
• 1M: 0.95%
• YTD: 4.45%
• 6M: 5.09%
• 1Y: 18.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VBIL

• 1D: 0.01%
• 1M: 0.32%
• YTD: 1.52%
• 6M: 1.78%
• 1Y: 3.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LGCF vs. VBIL - Yearly Performance Comparison

	2026 (YTD)	2025
LGCF Themes US Cash Flow Champions ETF	4.45%	9.69%
VBIL Vanguard 0-3 Month Treasury Bill ETF	1.52%	3.71%

Correlation

The correlation between LGCF and VBIL is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	-0.06

Return for Risk

LGCF vs. VBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LGCF

LGCF Risk / Return Rank: 51
LGCF Sharpe Ratio Rank: 43
LGCF Sortino Ratio Rank: 43
LGCF Omega Ratio Rank: 44
LGCF Calmar Ratio Rank: 68
LGCF Martin Ratio Rank: 58

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 99
VBIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LGCF vs. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US Cash Flow Champions ETF (LGCF) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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.

	LGCF	VBIL	Difference
Sharpe ratio: Return per unit of total volatility	1.41	15.14	-13.73
Sortino ratio: Return per unit of downside risk	1.98	39.04	-37.06
Omega ratio: Gain probability vs. loss probability	1.26	21.07	-19.80
Calmar ratio: Return relative to maximum drawdown	3.16	42.54	-39.37
Martin ratio: Return relative to average drawdown	9.53	531.60	-522.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGCF vs. VBIL - Sharpe Ratio Comparison

The current LGCF Sharpe Ratio is 1.41, which is lower than the VBIL Sharpe Ratio of 15.14. The chart below compares the historical Sharpe Ratios of LGCF and VBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LGCF	VBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	15.14	-13.73
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	13.47	-12.38

Drawdowns

LGCF vs. VBIL - Drawdown Comparison

The maximum LGCF drawdown since its inception was -16.67%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for LGCF and VBIL.

Drawdown Indicators

	LGCF	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-0.09%	-16.58%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	-0.09%	-5.66%
Current Drawdown Current decline from peak	-0.82%	0.00%	-0.82%
Average Drawdown Average peak-to-trough decline	-2.22%	-0.00%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	0.01%	+1.89%

Volatility

LGCF vs. VBIL - Volatility Comparison

Themes US Cash Flow Champions ETF (LGCF) has a higher volatility of 2.92% compared to Vanguard 0-3 Month Treasury Bill ETF (VBIL) at 0.06%. This indicates that LGCF's price experiences larger fluctuations and is considered to be riskier than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGCF	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	0.06%	+2.86%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	0.16%	+9.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	0.26%	+12.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	0.30%	+14.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	0.30%	+14.86%

LGCF vs. VBIL - Expense Ratio Comparison

LGCF has a 0.29% expense ratio, which is higher than VBIL's 0.07% expense ratio.

Dividends

LGCF vs. VBIL - Dividend Comparison

LGCF's dividend yield for the trailing twelve months is around 1.76%, less than VBIL's 3.65% yield.

Position	TTM	2025	2024
LGCF Themes US Cash Flow Champions ETF	1.76%	1.84%	1.19%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.65%	3.12%	0.00%

Frequently Asked Questions

Can I hold both LGCF and VBIL in my portfolio?

LGCF and VBIL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGCF or VBIL?

LGCF has higher volatility (2.92%) compared to VBIL (0.06%). In terms of maximum drawdown, LGCF dropped -16.67% vs VBIL's -0.09%.

Which ETF is better, LGCF or VBIL?

On 1-year performance, LGCF leads with 18.10% vs 3.93% for VBIL. On fees, VBIL is cheaper at 0.07% per year. On volatility, VBIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGCF or VBIL?

Over the 1-year period, LGCF has performed better with a 18.10% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGCF or VBIL?

VBIL is cheaper with a 0.07% expense ratio, compared with 0.29% for LGCF.

Which ETF pays a higher dividend yield, LGCF or VBIL?

VBIL has the higher dividend yield at 3.65%, compared with 1.76% for LGCF.

What is the main difference between LGCF and VBIL?

LGCF is categorized as Large Cap Value Equities, while VBIL is Ultrashort Bond. LGCF tracks Solactive US Cash Flow Champions Index, while VBIL tracks Bloomberg US Treasury Bills 0-3 Months Index. They also come from different issuers: Themes and Vanguard. Their fees differ too: 0.29% for LGCF and 0.07% for VBIL.

Which has better risk-adjusted returns?

VBIL currently has the higher Sharpe Ratio (15.14 vs 1.41), 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.