LLPFX vs. VIIIX
Compare and contrast key facts about Longleaf Partners Fund (LLPFX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
LLPFX is managed by Longleaf Partners. It was launched on Apr 8, 1987. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Performance
LLPFX vs. VIIIX - Performance Comparison
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LLPFX vs. VIIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LLPFX Longleaf Partners Fund | -5.68% | 2.88% | 8.82% | 24.50% | -23.20% | 23.42% | 10.27% | 16.81% | -17.94% | 15.55% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | -7.06% | 17.87% | 26.29% | 25.79% | -18.14% | 28.69% | 18.41% | 31.48% | -4.41% | 21.82% |
Returns By Period
In the year-to-date period, LLPFX achieves a -5.68% return, which is significantly higher than VIIIX's -7.06% return. Over the past 10 years, LLPFX has underperformed VIIIX with an annualized return of 5.85%, while VIIIX has yielded a comparatively higher 13.82% annualized return.
LLPFX
- 1D
- 0.43%
- 1M
- -6.97%
- YTD
- -5.68%
- 6M
- -2.56%
- 1Y
- 2.30%
- 3Y*
- 5.59%
- 5Y*
- 1.06%
- 10Y*
- 5.85%
VIIIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.06%
- 6M
- -4.59%
- 1Y
- 14.44%
- 3Y*
- 17.57%
- 5Y*
- 11.54%
- 10Y*
- 13.82%
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LLPFX vs. VIIIX - Expense Ratio Comparison
LLPFX has a 0.79% expense ratio, which is higher than VIIIX's 0.02% expense ratio.
Return for Risk
LLPFX vs. VIIIX — Risk / Return Rank
LLPFX
VIIIX
LLPFX vs. VIIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longleaf Partners Fund (LLPFX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.
| LLPFX | VIIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 0.84 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.31 | 1.30 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.20 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 1.06 | -1.00 |
Martin ratioReturn relative to average drawdown | 0.18 | 5.14 | -4.96 |
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
| LLPFX | VIIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.84 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.69 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.77 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.46 | +0.04 |
Correlation
The correlation between LLPFX and VIIIX is 0.79, 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
LLPFX vs. VIIIX - Dividend Comparison
LLPFX's dividend yield for the trailing twelve months is around 13.64%, more than VIIIX's 2.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LLPFX Longleaf Partners Fund | 13.64% | 12.87% | 1.02% | 0.67% | 4.49% | 7.79% | 2.95% | 5.44% | 22.49% | 8.85% | 2.10% | 18.65% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.90% | 2.11% | 3.66% | 2.66% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% |
Drawdowns
LLPFX vs. VIIIX - Drawdown Comparison
The maximum LLPFX drawdown since its inception was -65.74%, which is greater than VIIIX's maximum drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for LLPFX and VIIIX.
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Drawdown Indicators
| LLPFX | VIIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.74% | -55.18% | -10.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.40% | -12.12% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | -24.50% | -7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -33.79% | -9.78% |
Current DrawdownCurrent decline from peak | -9.08% | -8.90% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -10.07% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.49% | +1.72% |
Volatility
LLPFX vs. VIIIX - Volatility Comparison
The current volatility for Longleaf Partners Fund (LLPFX) is 3.59%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 4.24%. This indicates that LLPFX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLPFX | VIIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 4.24% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 9.08% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 18.13% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 16.85% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.31% | 18.02% | +1.29% |