VLACX vs. VV

Last updated Jun 4, 2026

VLACX (Vanguard Large Cap Index Fund) and VV (Vanguard Large-Cap ETF) are both funds - VLACX is a Large Cap Blend Equities fund managed by Vanguard, while VV is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Index. Over the past 10 years, VLACX returned 15.44%/yr vs 15.58%/yr for VV. With a 0.99 correlation, they move nearly in lockstep. VLACX charges 0.17%/yr vs 0.04%/yr for VV.

Performance

VLACX vs. VV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large Cap Index Fund (VLACX) and Vanguard Large-Cap ETF (VV). 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 VV's 10.69% return. Both investments have delivered pretty close results over the past 10 years, with VLACX having a 15.44% annualized return and VV not far ahead at 15.58%.

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%

VV

• 1D: -0.72%
• 1M: 5.19%
• YTD: 10.69%
• 6M: 10.54%
• 1Y: 27.77%
• 3Y*: 22.68%
• 5Y*: 13.54%
• 10Y*: 15.58%

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

VLACX vs. VV - 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%
VV Vanguard Large-Cap ETF	10.69%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%

Correlation

The correlation between VLACX and VV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.99

The correlation between VLACX and VV has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

VLACX vs. VV — 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

VV

VV Risk / Return Rank: 67
VV Sharpe Ratio Rank: 69
VV Sortino Ratio Rank: 68
VV Omega Ratio Rank: 68
VV Calmar Ratio Rank: 60
VV Martin Ratio Rank: 72

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. VV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large Cap Index Fund (VLACX) and Vanguard Large-Cap ETF (VV). 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	VV	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.33	+0.14
Sortino ratio: Return per unit of downside risk	3.35	3.18	+0.17
Omega ratio: Gain probability vs. loss probability	1.45	1.42	+0.03
Calmar ratio: Return relative to maximum drawdown	3.19	3.03	+0.16
Martin ratio: Return relative to average drawdown	14.65	13.86	+0.80
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. VV - Sharpe Ratio Comparison

The current VLACX Sharpe Ratio is 2.47, which is comparable to the VV Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of VLACX and VV, 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	VV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.33	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.79	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.86	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.59	-0.02

Drawdowns

VLACX vs. VV - Drawdown Comparison

The maximum VLACX drawdown since its inception was -54.81%, roughly equal to the maximum VV drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VLACX and VV.

Drawdown Indicators

	VLACX	VV	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-54.81%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-9.21%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-19.27%	-18.97%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	-25.72%	-25.66%	-0.06%
Max Drawdown (10Y) Largest decline over 10 years	-33.97%	-34.28%	+0.31%
Current Drawdown Current decline from peak	0.00%	-0.72%	+0.72%
Average Drawdown Average peak-to-trough decline	-6.92%	-6.84%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.01%	-0.01%

Volatility

VLACX vs. VV - Volatility Comparison

Vanguard Large Cap Index Fund (VLACX) and Vanguard Large-Cap ETF (VV) have volatilities of 2.80% and 2.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VLACX	VV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	2.84%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.01%	8.98%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	11.99%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	17.22%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	18.19%	+0.01%

VLACX vs. VV - Expense Ratio Comparison

VLACX has a 0.17% expense ratio, which is higher than VV's 0.04% 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. VV - Dividend Comparison

VLACX's dividend yield for the trailing twelve months is around 0.86%, less than VV's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VV Vanguard Large-Cap ETF	0.98%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both VLACX and VV in my portfolio?

With a correlation of 0.99, VLACX and VV 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 VV?

VV has higher volatility (2.84%) compared to VLACX (2.80%). In terms of maximum drawdown, VLACX dropped -54.81% vs VV's -54.81%.

Which has better risk-adjusted returns?

VLACX currently has the higher Sharpe Ratio (2.47 vs 2.33), 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.