VLGSX vs. GLD
Compare and contrast key facts about Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) and SPDR Gold Trust (GLD).
VLGSX is managed by Vanguard. It was launched on Mar 1, 2010. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VLGSX or GLD.
Key characteristics
| VLGSX | GLD | |
|---|---|---|
| YTD Return | -7.30% | 11.40% |
| 1Y Return | -10.07% | 11.83% |
| 3Y Return (Ann) | -10.30% | 8.54% |
| 5Y Return (Ann) | -3.38% | 12.05% |
| 10Y Return (Ann) | 0.42% | 5.40% |
| Sharpe Ratio | -0.71 | 1.02 |
| Daily Std Dev | 15.25% | 12.31% |
| Max Drawdown | -46.25% | -45.56% |
| Current Drawdown | -40.35% | -3.73% |
Correlation
The correlation between VLGSX and GLD is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VLGSX vs. GLD - Performance Comparison
In the year-to-date period, VLGSX achieves a -7.30% return, which is significantly lower than GLD's 11.40% return. Over the past 10 years, VLGSX has underperformed GLD with an annualized return of 0.42%, while GLD has yielded a comparatively higher 5.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VLGSX vs. GLD - Expense Ratio Comparison
VLGSX has a 0.07% expense ratio, which is lower than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
VLGSX vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) and SPDR Gold Trust (GLD). 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.
Dividends
VLGSX vs. GLD - Dividend Comparison
VLGSX's dividend yield for the trailing twelve months is around 3.80%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLGSX Vanguard Long-Term Treasury Index Fund Admiral Shares | 3.80% | 3.29% | 2.80% | 1.79% | 2.13% | 2.45% | 2.72% | 2.55% | 2.68% | 2.80% | 2.77% | 3.20% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VLGSX vs. GLD - Drawdown Comparison
The maximum VLGSX drawdown since its inception was -46.25%, roughly equal to the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for VLGSX and GLD. For additional features, visit the drawdowns tool.
Volatility
VLGSX vs. GLD - Volatility Comparison
The current volatility for Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) is 3.93%, while SPDR Gold Trust (GLD) has a volatility of 5.22%. This indicates that VLGSX experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.