VLACX vs. VIGAX

Last updated Aug 1, 2026

VLACX (Vanguard Large Cap Index Fund) and VIGAX (Vanguard Growth Index Fund Admiral Shares) are both mutual funds - VLACX is a Large Cap Blend Equities fund managed by Vanguard, while VIGAX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Over the past 10 years, VLACX returned 14.76%/yr vs 17.14%/yr for VIGAX. Their 0.96 correlation means they have historically moved very closely together. VLACX charges 0.17%/yr vs 0.05%/yr for VIGAX.

Performance

VLACX vs. VIGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large Cap Index Fund (VLACX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VLACX achieves a 8.94% return, which is significantly higher than VIGAX's 3.80% return. Over the past 10 years, VLACX has underperformed VIGAX with an annualized return of 14.76%, while VIGAX has yielded a comparatively higher 17.14% annualized return.

VLACX

• 1D: 1.70%
• 1M: -0.65%
• 6M: 7.71%
• YTD: 8.94%
• 1Y: 19.98%
• 3Y*: 18.76%
• 5Y*: 11.95%
• 10Y*: 14.76%
• ALL TIME*: 10.67%

VIGAX

• 1D: 2.71%
• 1M: -1.61%
• 6M: 5.19%
• YTD: 3.80%
• 1Y: 14.04%
• 3Y*: 20.59%
• 5Y*: 11.90%
• 10Y*: 17.14%
• ALL TIME*: 9.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VIGAX Vanguard Growth Index Fund Admiral Shares	$0.00	$0.00	$0.00
VLACX Vanguard Large Cap Index Fund	$0.00	$0.00	$0.00

VLACX vs. VIGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VLACX Vanguard Large Cap Index Fund	8.94%	17.60%	24.61%	27.10%	-19.78%	26.87%	20.88%	31.22%	-4.60%	21.89%
VIGAX Vanguard Growth Index Fund Admiral Shares	3.80%	19.43%	32.67%	46.76%	-33.14%	27.26%	40.18%	37.23%	-3.35%	27.80%

Correlation

The correlation between VLACX and VIGAX is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.96

The correlation between VLACX and VIGAX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

VLACX vs. VIGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VLACX

VLACX Risk / Return Rank: 56
VLACX Sharpe Ratio Rank: 54
VLACX Sortino Ratio Rank: 51
VLACX Omega Ratio Rank: 51
VLACX Calmar Ratio Rank: 56
VLACX Martin Ratio Rank: 66

VIGAX

VIGAX Risk / Return Rank: 18
VIGAX Sharpe Ratio Rank: 18
VIGAX Sortino Ratio Rank: 19
VIGAX Omega Ratio Rank: 19
VIGAX Calmar Ratio Rank: 15
VIGAX Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VLACX vs. VIGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large Cap Index Fund (VLACX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). 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.

	VLACX	VIGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.66	+0.71
Sortino ratio: Return per unit of downside risk	1.92	1.01	+0.91
Omega ratio: Gain probability vs. loss probability	1.25	1.12	+0.12
Calmar ratio: Return relative to maximum drawdown	1.92	0.71	+1.22
Martin ratio: Return relative to average drawdown	8.13	2.26	+5.87

VLACX vs. VIGAX - Sharpe Ratio Comparison

The current VLACX Sharpe Ratio is 1.37, which is higher than the VIGAX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of VLACX and VIGAX, 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

VLACX vs. VIGAX - Drawdown Comparison

The maximum VLACX drawdown since its inception was -54.81%, which is greater than VIGAX's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for VLACX and VIGAX.

Drawdown Indicators

	VLACX	VIGAX	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-50.66%	-4.15%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-16.51%	+7.29%
Max Drawdown (3Y) Largest decline over 3 years	-19.27%	-23.04%	+3.77%
Max Drawdown (5Y) Largest decline over 5 years	-25.72%	-35.63%	+9.91%
Max Drawdown (10Y) Largest decline over 10 years	-33.97%	-35.63%	+1.66%
Current Drawdown Current decline from peak	-2.24%	-6.60%	+4.36%
Average Drawdown Average peak-to-trough decline	-6.89%	-11.92%	+5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	5.16%	-2.98%

Volatility

VLACX vs. VIGAX - Volatility Comparison

The current volatility for Vanguard Large Cap Index Fund (VLACX) is 3.48%, while Vanguard Growth Index Fund Admiral Shares (VIGAX) has a volatility of 5.41%. This indicates that VLACX experiences smaller price fluctuations and is considered to be less risky than VIGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VLACX	VIGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	5.41%	-1.93%
Volatility (6M) Calculated over the trailing 6-month period	10.19%	14.24%	-4.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	17.76%	-4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	22.62%	-5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	21.69%	-3.48%

VLACX vs. VIGAX - Expense Ratio Comparison

VLACX has a 0.17% expense ratio, which is higher than VIGAX's 0.05% 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. VIGAX - Dividend Comparison

VLACX's dividend yield for the trailing twelve months is around 0.91%, more than VIGAX's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIGAX Vanguard Growth Index Fund Admiral Shares	0.39%	0.40%	0.46%	0.57%	0.69%	0.47%	0.66%	0.94%	1.31%	1.14%	1.39%	1.31%
VLACX Vanguard Large Cap Index Fund	0.91%	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 VIGAX in my portfolio?

With a correlation of 0.95, VLACX and VIGAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VLACX or VIGAX?

VIGAX has higher volatility (5.41%) compared to VLACX (3.48%). In terms of maximum drawdown, VLACX dropped -54.81% vs VIGAX's -50.66%.

Which has better risk-adjusted returns?

VLACX currently has the higher Sharpe Ratio (1.37 vs 0.66), 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.