VLCAX vs. VLGIX
Compare and contrast key facts about Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) and Vanguard Long-Term Treasury Index Fund Institutional Shares (VLGIX).
VLCAX is managed by Vanguard. It was launched on Feb 2, 2004. VLGIX is managed by Vanguard. It was launched on Jul 30, 2010.
Performance
VLCAX vs. VLGIX - Performance Comparison
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VLCAX vs. VLGIX - 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% |
VLGIX Vanguard Long-Term Treasury Index Fund Institutional Shares | -0.26% | 5.46% | -6.11% | 3.67% | -29.45% | -5.06% | 17.72% | 14.31% | -1.59% | 8.64% |
Returns By Period
In the year-to-date period, VLCAX achieves a -7.50% return, which is significantly lower than VLGIX's -0.26% return. Over the past 10 years, VLCAX has outperformed VLGIX with an annualized return of 13.70%, while VLGIX has yielded a comparatively lower -0.82% 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%
VLGIX
- 1D
- 1.24%
- 1M
- -3.94%
- YTD
- -0.26%
- 6M
- -0.44%
- 1Y
- 0.42%
- 3Y*
- -1.41%
- 5Y*
- -4.55%
- 10Y*
- -0.82%
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VLCAX vs. VLGIX - Expense Ratio Comparison
Both VLCAX and VLGIX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VLCAX vs. VLGIX — Risk / Return Rank
VLCAX
VLGIX
VLCAX vs. VLGIX - 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 Long-Term Treasury Index Fund Institutional Shares (VLGIX). 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 | VLGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.12 | +0.70 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.23 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.03 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.31 | +0.73 |
Martin ratioReturn relative to average drawdown | 4.94 | 0.67 | +4.27 |
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 | VLGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.12 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | -0.31 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | -0.06 | +0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.19 | +0.35 |
Correlation
The correlation between VLCAX and VLGIX is -0.25. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VLCAX vs. VLGIX - Dividend Comparison
VLCAX's dividend yield for the trailing twelve months is around 1.16%, less than VLGIX's 4.10% 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% |
VLGIX Vanguard Long-Term Treasury Index Fund Institutional Shares | 4.10% | 4.43% | 4.67% | 3.31% | 2.83% | 1.78% | 2.15% | 2.46% | 2.73% | 2.57% | 2.70% | 2.82% |
Drawdowns
VLCAX vs. VLGIX - Drawdown Comparison
The maximum VLCAX drawdown since its inception was -54.76%, which is greater than VLGIX's maximum drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for VLCAX and VLGIX.
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Drawdown Indicators
| VLCAX | VLGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.76% | -46.23% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -8.50% | -3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -41.00% | +15.35% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -46.23% | +12.26% |
Current DrawdownCurrent decline from peak | -9.19% | -36.43% | +27.24% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -14.80% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.85% | -1.30% |
Volatility
VLCAX vs. VLGIX - Volatility Comparison
Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) has a higher volatility of 4.23% compared to Vanguard Long-Term Treasury Index Fund Institutional Shares (VLGIX) at 3.58%. This indicates that VLCAX's price experiences larger fluctuations and is considered to be riskier than VLGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLCAX | VLGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.58% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 6.07% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 10.41% | +7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 14.59% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 13.74% | +4.42% |