VLGIX vs. VBLLX
Compare and contrast key facts about Vanguard Long-Term Treasury Index Fund Institutional Shares (VLGIX) and Vanguard Long-Term Bond Index Fund Institutional Shares (VBLLX).
VLGIX is managed by Vanguard. It was launched on Jul 30, 2010. VBLLX is managed by Vanguard. It was launched on Feb 2, 2006.
Performance
VLGIX vs. VBLLX - Performance Comparison
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VLGIX vs. VBLLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VBLLX Vanguard Long-Term Bond Index Fund Institutional Shares | -1.24% | 6.60% | -4.12% | 7.13% | -27.20% | -3.08% | 16.27% | 19.15% | -4.71% | 10.89% |
Returns By Period
In the year-to-date period, VLGIX achieves a -0.26% return, which is significantly higher than VBLLX's -1.24% return. Over the past 10 years, VLGIX has underperformed VBLLX with an annualized return of -0.82%, while VBLLX has yielded a comparatively higher 1.00% annualized return.
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%
VBLLX
- 1D
- 1.07%
- 1M
- -4.25%
- YTD
- -1.24%
- 6M
- -1.49%
- 1Y
- 1.54%
- 3Y*
- 0.60%
- 5Y*
- -3.06%
- 10Y*
- 1.00%
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VLGIX vs. VBLLX - Expense Ratio Comparison
Both VLGIX and VBLLX 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
VLGIX vs. VBLLX — Risk / Return Rank
VLGIX
VBLLX
VLGIX vs. VBLLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Index Fund Institutional Shares (VLGIX) and Vanguard Long-Term Bond Index Fund Institutional Shares (VBLLX). 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.
| VLGIX | VBLLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 0.28 | -0.15 |
Sortino ratioReturn per unit of downside risk | 0.23 | 0.43 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.52 | -0.22 |
Martin ratioReturn relative to average drawdown | 0.67 | 1.28 | -0.60 |
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
| VLGIX | VBLLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.28 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.24 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | 0.09 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.35 | -0.16 |
Correlation
The correlation between VLGIX and VBLLX is 0.98, 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
VLGIX vs. VBLLX - Dividend Comparison
VLGIX's dividend yield for the trailing twelve months is around 4.10%, less than VBLLX's 4.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VBLLX Vanguard Long-Term Bond Index Fund Institutional Shares | 4.37% | 4.66% | 4.64% | 3.75% | 4.16% | 2.89% | 5.84% | 3.62% | 3.82% | 3.69% | 4.19% | 4.98% |
Drawdowns
VLGIX vs. VBLLX - Drawdown Comparison
The maximum VLGIX drawdown since its inception was -46.23%, which is greater than VBLLX's maximum drawdown of -38.42%. Use the drawdown chart below to compare losses from any high point for VLGIX and VBLLX.
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Drawdown Indicators
| VLGIX | VBLLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.23% | -38.42% | -7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -6.87% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -41.00% | -36.29% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -46.23% | -38.42% | -7.81% |
Current DrawdownCurrent decline from peak | -36.43% | -25.79% | -10.64% |
Average DrawdownAverage peak-to-trough decline | -14.80% | -9.06% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.81% | +1.04% |
Volatility
VLGIX vs. VBLLX - Volatility Comparison
Vanguard Long-Term Treasury Index Fund Institutional Shares (VLGIX) and Vanguard Long-Term Bond Index Fund Institutional Shares (VBLLX) have volatilities of 3.58% and 3.42%, 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
| VLGIX | VBLLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 3.42% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 5.49% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.41% | 9.55% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 12.89% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.74% | 11.58% | +2.16% |