VLACX vs. MTUM
VLACX (Vanguard Large Cap Index Fund) and MTUM (iShares MSCI USA Momentum Factor ETF) are both funds - VLACX is a Large Cap Blend Equities fund managed by Vanguard, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Over the past 10 years, VLACX returned 15.44%/yr vs 17.31%/yr for MTUM. Their correlation of 0.87 suggests significant overlap in exposure. VLACX charges 0.17%/yr vs 0.15%/yr for MTUM.
Performance
VLACX vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, VLACX achieves a 11.44% return, which is significantly lower than MTUM's 31.75% return. Over the past 10 years, VLACX has underperformed MTUM with an annualized return of 15.44%, while MTUM has yielded a comparatively higher 17.31% 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%
MTUM
- 1D
- 1.06%
- 1M
- 15.90%
- YTD
- 31.75%
- 6M
- 32.38%
- 1Y
- 41.76%
- 3Y*
- 34.75%
- 5Y*
- 15.21%
- 10Y*
- 17.31%
VLACX vs. MTUM - 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% |
MTUM iShares MSCI USA Momentum Factor ETF | 31.75% | 22.15% | 32.89% | 9.15% | -18.27% | 13.36% | 29.86% | 27.25% | -1.67% | 37.50% |
Correlation
The correlation between VLACX and MTUM is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2013 | 0.87 |
The correlation between VLACX and MTUM has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
VLACX vs. MTUM — Risk / Return Rank
VLACX
MTUM
VLACX vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Large Cap Index Fund (VLACX) and iShares MSCI USA Momentum Factor ETF (MTUM). 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 | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.64 | -0.44 |
| Martin ratioReturn relative to average drawdown | 14.65 | 14.50 | +0.15 |
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
| VLACX | MTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.20 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.74 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.83 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.85 | -0.27 |
Drawdowns
VLACX vs. MTUM - Drawdown Comparison
The maximum VLACX drawdown since its inception was -54.81%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for VLACX and MTUM.
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Drawdown Indicators
| VLACX | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -34.08% | -20.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -11.54% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.27% | -20.99% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.72% | -32.28% | +6.56% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -34.08% | +0.11% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -6.21% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.89% | -0.89% |
Volatility
VLACX vs. MTUM - Volatility Comparison
The current volatility for Vanguard Large Cap Index Fund (VLACX) is 2.80%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.68%. This indicates that VLACX experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLACX | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 7.68% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 16.46% | -7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.92% | 19.04% | -7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 20.60% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 21.03% | -2.83% |
VLACX vs. MTUM - Expense Ratio Comparison
VLACX has a 0.17% expense ratio, which is higher than MTUM's 0.15% 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. MTUM - Dividend Comparison
VLACX's dividend yield for the trailing twelve months is around 0.86%, more than MTUM's 0.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 0.60% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
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
VLACX and MTUM have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (7.68%) compared to VLACX (2.80%). In terms of maximum drawdown, VLACX dropped -54.81% vs MTUM's -34.08%.
VLACX currently has the higher Sharpe Ratio (2.47 vs 2.20), 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.
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