VLACX vs. BND

Last updated Jun 4, 2026

VLACX (Vanguard Large Cap Index Fund) and BND (Vanguard Total Bond Market ETF) are both funds - VLACX is a Large Cap Blend Equities fund managed by Vanguard, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, VLACX returned 15.44%/yr vs 1.58%/yr for BND. At a correlation of -0.13, they often move in opposite directions. VLACX charges 0.17%/yr vs 0.03%/yr for BND.

Performance

VLACX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large Cap Index Fund (VLACX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VLACX achieves a 11.44% return, which is significantly higher than BND's 0.27% return. Over the past 10 years, VLACX has outperformed BND with an annualized return of 15.44%, while BND has yielded a comparatively lower 1.58% annualized return.

VLACX

• 1D: 0.18%
• 1M: 5.97%
• YTD: 11.44%
• 6M: 11.33%
• 1Y: 28.53%
• 3Y*: 22.58%
• 5Y*: 13.64%
• 10Y*: 15.44%

BND

• 1D: -0.19%
• 1M: 0.27%
• YTD: 0.27%
• 6M: 0.12%
• 1Y: 5.11%
• 3Y*: 3.96%
• 5Y*: 0.09%
• 10Y*: 1.58%

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

VLACX vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VLACX Vanguard Large Cap Index Fund	11.44%	17.60%	24.61%	27.10%	-19.78%	26.87%	20.88%	31.22%	-4.60%	21.89%
BND Vanguard Total Bond Market ETF	0.27%	7.08%	1.38%	5.65%	-13.11%	-1.86%	7.71%	8.84%	-0.12%	3.57%

Correlation

The correlation between VLACX and BND is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007	-0.13

The correlation between VLACX and BND shifts across timeframes, from -0.13 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VLACX vs. BND — Risk / Return Rank

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

VLACX

VLACX Risk / Return Rank: 69
VLACX Sharpe Ratio Rank: 72
VLACX Sortino Ratio Rank: 63
VLACX Omega Ratio Rank: 64
VLACX Calmar Ratio Rank: 68
VLACX Martin Ratio Rank: 78

BND

BND Risk / Return Rank: 37
BND Sharpe Ratio Rank: 37
BND Sortino Ratio Rank: 39
BND Omega Ratio Rank: 35
BND Calmar Ratio Rank: 38
BND Martin Ratio Rank: 36

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.

VLACX vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large Cap Index Fund (VLACX) and Vanguard Total Bond Market ETF (BND). 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.

	VLACX	BND	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.36	+1.11
Sortino ratio: Return per unit of downside risk	3.35	2.03	+1.32
Omega ratio: Gain probability vs. loss probability	1.45	1.24	+0.21
Calmar ratio: Return relative to maximum drawdown	3.19	1.92	+1.27
Martin ratio: Return relative to average drawdown	14.65	5.80	+8.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VLACX vs. BND - Sharpe Ratio Comparison

The current VLACX Sharpe Ratio is 2.47, which is higher than the BND Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of VLACX and BND, 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

	VLACX	BND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.36	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.01	+0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.29	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.59	-0.01

Drawdowns

VLACX vs. BND - Drawdown Comparison

The maximum VLACX drawdown since its inception was -54.81%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VLACX and BND.

Drawdown Indicators

	VLACX	BND	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-18.58%	-36.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-2.68%	-6.54%
Max Drawdown (3Y) Largest decline over 3 years	-19.27%	-5.92%	-13.35%
Max Drawdown (5Y) Largest decline over 5 years	-25.72%	-17.91%	-7.81%
Max Drawdown (10Y) Largest decline over 10 years	-33.97%	-18.58%	-15.39%
Current Drawdown Current decline from peak	0.00%	-2.37%	+2.37%
Average Drawdown Average peak-to-trough decline	-6.92%	-3.06%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	0.88%	+1.12%

Volatility

VLACX vs. BND - Volatility Comparison

Vanguard Large Cap Index Fund (VLACX) has a higher volatility of 2.80% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that VLACX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VLACX	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	1.23%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	9.01%	2.66%	+6.35%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	3.78%	+8.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	6.02%	+11.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	5.53%	+12.67%

VLACX vs. BND - Expense Ratio Comparison

VLACX has a 0.17% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VLACX vs. BND - Dividend Comparison

VLACX's dividend yield for the trailing twelve months is around 0.86%, less than BND's 3.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	3.97%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
VLACX Vanguard Large Cap Index Fund	0.86%	0.71%	0.86%	1.30%	1.51%	1.07%	1.35%	1.72%	1.95%	1.64%	1.87%	1.84%

Frequently Asked Questions

Can I hold both VLACX and BND in my portfolio?

VLACX and BND have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VLACX or BND?

VLACX has higher volatility (2.80%) compared to BND (1.23%). In terms of maximum drawdown, VLACX dropped -54.81% vs BND's -18.58%.

Which has better risk-adjusted returns?

VLACX currently has the higher Sharpe Ratio (2.47 vs 1.36), 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.