LMND vs. VTV

Last updated Jul 17, 2026

LMND (Lemonade, Inc.) is a stock, while VTV (Vanguard Value ETF) is Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Over the past 5 years, LMND returned -5.18%/yr vs 12.48%/yr for VTV. At a 0.37 correlation, their price movements are largely independent.

Performance

LMND vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lemonade, Inc. (LMND) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMND achieves a -9.29% return, which is significantly lower than VTV's 15.79% return.

LMND

• 1D: -2.24%
• 1M: 6.31%
• 6M: -19.48%
• YTD: -9.29%
• 1Y: 61.71%
• 3Y*: 47.65%
• 5Y*: -5.18%
• 10Y*: —

VTV

• 1D: 0.63%
• 1M: 0.88%
• 6M: 11.46%
• YTD: 15.79%
• 1Y: 26.25%
• 3Y*: 17.95%
• 5Y*: 12.48%
• 10Y*: 12.39%

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

LMND vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LMND Lemonade, Inc.	-9.29%	94.06%	127.40%	17.91%	-67.51%	-65.62%	144.71%
VTV Vanguard Value ETF	15.79%	15.27%	15.95%	9.32%	-2.09%	26.53%	21.15%

Correlation

The correlation between LMND and VTV is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020	0.37

The correlation between LMND and VTV shifts across timeframes, from 0.31 (1 year) to 0.42 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

LMND vs. VTV — Risk / Return Rank

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

LMND

LMND Risk / Return Rank: 70
LMND Sharpe Ratio Rank: 69
LMND Sortino Ratio Rank: 73
LMND Omega Ratio Rank: 69
LMND Calmar Ratio Rank: 71
LMND Martin Ratio Rank: 67

VTV

VTV Risk / Return Rank: 91
VTV Sharpe Ratio Rank: 92
VTV Sortino Ratio Rank: 93
VTV Omega Ratio Rank: 90
VTV Calmar Ratio Rank: 89
VTV Martin Ratio Rank: 89

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.

LMND vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lemonade, Inc. (LMND) and Vanguard Value ETF (VTV). 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.

	LMND	VTV	Difference
Sharpe ratio: Return per unit of total volatility	0.74	2.56	-1.82
Sortino ratio: Return per unit of downside risk	1.66	3.71	-2.05
Omega ratio: Gain probability vs. loss probability	1.19	1.46	-0.27
Calmar ratio: Return relative to maximum drawdown	1.30	4.15	-2.85
Martin ratio: Return relative to average drawdown	2.36	15.75	-13.39

LMND vs. VTV - Sharpe Ratio Comparison

The current LMND Sharpe Ratio is 0.74, which is lower than the VTV Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of LMND and VTV, 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

LMND vs. VTV - Drawdown Comparison

The maximum LMND drawdown since its inception was -94.23%, which is greater than VTV's maximum drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for LMND and VTV.

Drawdown Indicators

	LMND	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-94.23%	-59.27%	-34.96%
Max Drawdown (1Y) Largest decline over 1 year	-47.70%	-6.35%	-41.35%
Max Drawdown (3Y) Largest decline over 3 years	-56.10%	-14.52%	-41.58%
Max Drawdown (5Y) Largest decline over 5 years	-88.54%	-17.04%	-71.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.78%	—
Current Drawdown Current decline from peak	-64.77%	-0.32%	-64.45%
Average Drawdown Average peak-to-trough decline	-72.90%	-7.83%	-65.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.26%	1.67%	+24.59%

Volatility

LMND vs. VTV - Volatility Comparison

Lemonade, Inc. (LMND) has a higher volatility of 20.27% compared to Vanguard Value ETF (VTV) at 2.67%. This indicates that LMND's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMND	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.27%	2.67%	+17.60%
Volatility (6M) Calculated over the trailing 6-month period	53.93%	7.77%	+46.16%
Volatility (1Y) Calculated over the trailing 1-year period	84.11%	10.30%	+73.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.42%	13.86%	+68.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.30%	16.60%	+69.70%

Dividends

LMND vs. VTV - Dividend Comparison

LMND has not paid dividends to shareholders, while VTV's dividend yield for the trailing twelve months is around 1.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMND Lemonade, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTV Vanguard Value ETF	1.87%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both LMND and VTV in my portfolio?

LMND and VTV have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMND or VTV?

LMND has higher volatility (20.27%) compared to VTV (2.67%). In terms of maximum drawdown, LMND dropped -94.23% vs VTV's -59.27%.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.56 vs 0.74), 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.