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VLCAX vs. VITPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VLCAX vs. VITPX

Last updated Aug 2, 2026
Documentation

VLCAX (Vanguard Large-Cap Index Fund Admiral Shares) and VITPX (Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares) are both Large Cap Blend Equities funds from Vanguard. Over the past 10 years, VLCAX returned 14.97%/yr vs 14.54%/yr for VITPX. Their 1.00 correlation means they have historically moved very closely together. VLCAX charges 0.05%/yr vs 0.02%/yr for VITPX.

Performance

VLCAX vs. VITPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) and Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VLCAX achieves a 9.02% return, which is significantly lower than VITPX's 9.88% return. Both investments have delivered pretty close results over the past 10 years, with VLCAX having a 14.97% annualized return and VITPX not far behind at 14.54%.

VLCAX

1D
1.71%
1M
-0.63%
6M
7.78%
YTD
9.02%
1Y
20.12%
3Y*
19.13%
5Y*
12.21%
10Y*
14.97%
ALL TIME*
10.81%

VITPX

1D
1.63%
1M
-0.78%
6M
8.17%
YTD
9.88%
1Y
21.14%
3Y*
19.14%
5Y*
11.94%
10Y*
14.54%
ALL TIME*
9.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VITPX

Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares
$0.00$0.00$0.00

VLCAX

Vanguard Large-Cap Index Fund Admiral Shares
$0.00$0.00$0.00

VLCAX vs. VITPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VLCAX
Vanguard Large-Cap Index Fund Admiral Shares		9.02%18.09%25.10%27.26%-19.69%27.02%21.03%31.39%-4.49%22.02%
VITPX
Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares		9.88%17.17%25.43%26.01%-19.48%25.76%20.95%30.87%-5.59%20.51%

Correlation

The correlation between VLCAX and VITPX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.99

Correlation (3Y)
Balances recent behavior with more history.

0.99

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.99

Correlation (10Y)
Provides a long-term view across more market conditions.

0.99

Correlation (All Time)
Calculated using the full available price history since Jan 30, 2004

1.00

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

VLCAX vs. VITPX - Sectors Allocation Comparison

Sectors
VLCAX
VITPX

Technology

44.8%
36.1%

Communication Services

11.4%
9.1%

Financial Services

10.5%
11.7%

Consumer Cyclical

9.0%
9.4%

Healthcare

8.9%
9.7%

Industrials

6.0%
10.2%

Consumer Defensive

4.2%
4.3%

Utilities

1.4%
2.2%

Energy

1.0%
3.2%

Basic Materials

1.0%
1.9%

Real Estate

0.8%
2.3%

Technology

VLCAX
44.8%
VITPX
36.1%

Communication Services

VLCAX
11.4%
VITPX
9.1%

Financial Services

VLCAX
10.5%
VITPX
11.7%

Consumer Cyclical

VLCAX
9.0%
VITPX
9.4%

Healthcare

VLCAX
8.9%
VITPX
9.7%

Industrials

VLCAX
6.0%
VITPX
10.2%

Consumer Defensive

VLCAX
4.2%
VITPX
4.3%

Utilities

VLCAX
1.4%
VITPX
2.2%

Energy

VLCAX
1.0%
VITPX
3.2%

Basic Materials

VLCAX
1.0%
VITPX
1.9%

Real Estate

VLCAX
0.8%
VITPX
2.3%

Compare stocks, funds, or ETFs

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Vanguard Large-Cap Index Fund Admiral Shares

Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares

Often compared with VLCAX:
VLCAX vs. VFIAXVLCAX vs. VOOVLCAX vs. VIGAXVLCAX vs. VTSAXVLCAX vs. VIVAXVLCAX vs. VIMAXVLCAX vs. SPY
Often compared with VITPX:
VITPX vs. VSMPXVITPX vs. VITNXVITPX vs. VINIXVITPX vs. VPMAXVITPX vs. VOOVITPX vs. VFTNXVITPX vs. SPY

Return for Risk

VLCAX vs. VITPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VLCAX
VLCAX Risk / Return Rank: 5858
Overall Rank
VLCAX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VLCAX Sortino Ratio Rank: 5454
Sortino Ratio Rank
VLCAX Omega Ratio Rank: 5454
Omega Ratio Rank
VLCAX Calmar Ratio Rank: 5959
Calmar Ratio Rank
VLCAX Martin Ratio Rank: 6969
Martin Ratio Rank
VITPX
VITPX Risk / Return Rank: 6363
Overall Rank
VITPX Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
VITPX Sortino Ratio Rank: 5656
Sortino Ratio Rank
VITPX Omega Ratio Rank: 5656
Omega Ratio Rank
VITPX Calmar Ratio Rank: 6565
Calmar Ratio Rank
VITPX Martin Ratio Rank: 7777
Martin Ratio Rank
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.

VLCAX vs. VITPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) and Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX). 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.

VLCAXVITPXDifference
Sharpe ratioReturn per unit of total volatility
1.38
1.43

-0.05

Sortino ratioReturn per unit of downside risk
1.94
2.01

-0.07

Omega ratioGain probability vs. loss probability

1.25

1.26

-0.01

Calmar ratioReturn relative to maximum drawdown

1.95

2.11

-0.16

Martin ratioReturn relative to average drawdown

8.23

9.11

-0.88

VLCAX vs. VITPX - Sharpe Ratio Comparison

The current VLCAX Sharpe Ratio is 1.38, which is comparable to the VITPX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of VLCAX and VITPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VLCAX vs. VITPX - Drawdown Comparison

The maximum VLCAX drawdown since its inception was -54.76%, roughly equal to the maximum VITPX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for VLCAX and VITPX.

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Drawdown Indicators

VLCAXVITPXDifference

Max Drawdown

Largest peak-to-trough decline

-54.76%

-55.28%

+0.52%

Max Drawdown (1Y)

Largest decline over 1 year

-9.19%

-8.92%

-0.27%

Max Drawdown (3Y)

Largest decline over 3 years

-19.01%

-19.35%

+0.34%

Max Drawdown (5Y)

Largest decline over 5 years

-25.65%

-25.31%

-0.34%

Max Drawdown (10Y)

Largest decline over 10 years

-33.97%

-34.99%

+1.02%

Current Drawdown

Current decline from peak

-2.21%

-1.88%

-0.33%

Average Drawdown

Average peak-to-trough decline

-6.82%

-7.98%

+1.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.17%

2.06%

+0.11%

Volatility

VLCAX vs. VITPX - Volatility Comparison

Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) and Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX) have volatilities of 3.48% and 3.41%, 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.

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Volatility by Period

VLCAXVITPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.48%

3.41%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

10.19%

10.27%

-0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

13.13%

-0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.28%

17.46%

-0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.21%

18.41%

-0.20%

VLCAX vs. VITPX - Expense Ratio Comparison

VLCAX has a 0.05% expense ratio, which is higher than VITPX's 0.02% 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

VLCAX vs. VITPX - Dividend Comparison

VLCAX's dividend yield for the trailing twelve months is around 1.02%, less than VITPX's 2.33% yield.

PositionTTM20252024202320222021202020192018201720162015
VITPX
Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares		2.33%2.64%4.14%2.41%6.48%5.38%11.57%2.91%3.93%1.90%2.80%2.30%
VLCAX
Vanguard Large-Cap Index Fund Admiral Shares		1.02%1.08%1.23%1.40%1.66%1.18%1.45%1.80%2.08%1.75%1.98%1.96%

Frequently Asked Questions

With a correlation of 0.99, VLCAX and VITPX 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.

VLCAX has higher volatility (3.48%) compared to VITPX (3.41%). In terms of maximum drawdown, VLCAX dropped -54.76% vs VITPX's -55.28%.

VITPX currently has the higher Sharpe Ratio (1.43 vs 1.38), 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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