VLCAX vs. VIVAX
Compare and contrast key facts about Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) and Vanguard Value Index Fund (VIVAX).
VLCAX is managed by Vanguard. It was launched on Feb 2, 2004. VIVAX is managed by Vanguard. It was launched on Nov 2, 1992.
Performance
VLCAX vs. VIVAX - Performance Comparison
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VLCAX vs. VIVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLCAX Vanguard Large-Cap Index Fund Admiral Shares | -7.50% | 18.09% | 25.10% | 27.26% | -19.69% | 27.02% | 21.03% | 31.39% | -4.49% | 22.02% |
VIVAX Vanguard Value Index Fund | 1.61% | 14.50% | 15.85% | 9.08% | -2.18% | 26.32% | 2.18% | 25.66% | -5.56% | 16.98% |
Returns By Period
In the year-to-date period, VLCAX achieves a -7.50% return, which is significantly lower than VIVAX's 1.61% return. Over the past 10 years, VLCAX has outperformed VIVAX with an annualized return of 13.70%, while VIVAX has yielded a comparatively lower 11.42% annualized return.
VLCAX
- 1D
- -0.38%
- 1M
- -7.67%
- YTD
- -7.50%
- 6M
- -5.21%
- 1Y
- 14.27%
- 3Y*
- 17.31%
- 5Y*
- 10.92%
- 10Y*
- 13.70%
VIVAX
- 1D
- -0.17%
- 1M
- -6.37%
- YTD
- 1.61%
- 6M
- 4.57%
- 1Y
- 14.03%
- 3Y*
- 14.10%
- 5Y*
- 10.37%
- 10Y*
- 11.42%
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VLCAX vs. VIVAX - Expense Ratio Comparison
VLCAX has a 0.05% expense ratio, which is lower than VIVAX's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VLCAX vs. VIVAX — Risk / Return Rank
VLCAX
VIVAX
VLCAX vs. VIVAX - 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 Value Index Fund (VIVAX). 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.
| VLCAX | VIVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.03 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.49 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.23 | -0.20 |
Martin ratioReturn relative to average drawdown | 4.94 | 5.60 | -0.66 |
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
| VLCAX | VIVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.03 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.75 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.68 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.54 | 0.00 |
Correlation
The correlation between VLCAX and VIVAX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VLCAX vs. VIVAX - Dividend Comparison
VLCAX's dividend yield for the trailing twelve months is around 1.16%, less than VIVAX's 1.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLCAX Vanguard Large-Cap Index Fund Admiral Shares | 1.16% | 1.08% | 1.23% | 1.40% | 1.66% | 1.18% | 1.45% | 1.80% | 2.08% | 1.75% | 1.98% | 1.96% |
VIVAX Vanguard Value Index Fund | 1.93% | 1.42% | 2.19% | 2.33% | 2.39% | 2.02% | 2.43% | 2.39% | 2.59% | 2.18% | 2.33% | 2.46% |
Drawdowns
VLCAX vs. VIVAX - Drawdown Comparison
The maximum VLCAX drawdown since its inception was -54.76%, smaller than the maximum VIVAX drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for VLCAX and VIVAX.
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Drawdown Indicators
| VLCAX | VIVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.76% | -59.38% | +4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -11.28% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -17.17% | -8.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -36.81% | +2.84% |
Current DrawdownCurrent decline from peak | -9.19% | -6.37% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -8.11% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.49% | +0.06% |
Volatility
VLCAX vs. VIVAX - Volatility Comparison
Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) has a higher volatility of 4.23% compared to Vanguard Value Index Fund (VIVAX) at 3.27%. This indicates that VLCAX's price experiences larger fluctuations and is considered to be riskier than VIVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLCAX | VIVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.27% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 7.54% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 14.83% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 13.91% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 16.74% | +1.42% |