VLGSX vs. QQQ
Compare and contrast key facts about Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) and Invesco QQQ ETF (QQQ).
VLGSX is managed by Vanguard. It was launched on Mar 1, 2010. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
VLGSX vs. QQQ - Performance Comparison
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VLGSX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLGSX Vanguard Long-Term Treasury Index Fund Admiral Shares | -0.20% | 5.42% | -6.17% | 3.66% | -29.48% | -4.99% | 17.70% | 14.31% | -1.62% | 8.65% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, VLGSX achieves a -0.20% return, which is significantly higher than QQQ's -5.93% return. Over the past 10 years, VLGSX has underperformed QQQ with an annualized return of -0.85%, while QQQ has yielded a comparatively higher 18.85% annualized return.
VLGSX
- 1D
- 1.25%
- 1M
- -3.96%
- YTD
- -0.20%
- 6M
- -0.48%
- 1Y
- 0.43%
- 3Y*
- -1.42%
- 5Y*
- -4.56%
- 10Y*
- -0.85%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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VLGSX vs. QQQ - Expense Ratio Comparison
VLGSX has a 0.07% expense ratio, which is lower than QQQ's 0.18% 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
VLGSX vs. QQQ — Risk / Return Rank
VLGSX
QQQ
VLGSX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) and Invesco QQQ ETF (QQQ). 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.
| VLGSX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 1.05 | -0.93 |
Sortino ratioReturn per unit of downside risk | 0.24 | 1.63 | -1.39 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.23 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.88 | -1.58 |
Martin ratioReturn relative to average drawdown | 0.66 | 6.95 | -6.29 |
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
| VLGSX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 1.05 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.58 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | 0.85 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.37 | -0.20 |
Correlation
The correlation between VLGSX and QQQ is -0.20. 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
VLGSX vs. QQQ - Dividend Comparison
VLGSX's dividend yield for the trailing twelve months is around 4.08%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLGSX Vanguard Long-Term Treasury Index Fund Admiral Shares | 4.08% | 4.41% | 4.65% | 3.30% | 2.80% | 1.85% | 2.13% | 2.45% | 2.72% | 2.55% | 2.46% | 2.80% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
VLGSX vs. QQQ - Drawdown Comparison
The maximum VLGSX drawdown since its inception was -46.22%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for VLGSX and QQQ.
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Drawdown Indicators
| VLGSX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.22% | -82.97% | +36.75% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -12.62% | +4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -41.02% | -35.12% | -5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -46.22% | -35.12% | -11.10% |
Current DrawdownCurrent decline from peak | -36.44% | -8.98% | -27.46% |
Average DrawdownAverage peak-to-trough decline | -14.89% | -32.99% | +18.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.41% | +0.45% |
Volatility
VLGSX vs. QQQ - Volatility Comparison
The current volatility for Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) is 3.62%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that VLGSX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLGSX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 6.51% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 12.77% | -6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 22.67% | -12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 22.39% | -7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 22.25% | -8.52% |