VLGSX vs. TLH
Compare and contrast key facts about Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) and iShares 10-20 Year Treasury Bond ETF (TLH).
VLGSX is managed by Vanguard. It was launched on Mar 1, 2010. TLH is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 10-20 Year Bond Index. It was launched on Jan 11, 2007.
Performance
VLGSX vs. TLH - Performance Comparison
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VLGSX vs. TLH - 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% |
TLH iShares 10-20 Year Treasury Bond ETF | -0.24% | 6.47% | -4.21% | 4.03% | -25.24% | -5.38% | 13.78% | 10.11% | 0.37% | 4.21% |
Returns By Period
In the year-to-date period, VLGSX achieves a -0.20% return, which is significantly higher than TLH's -0.24% return. Over the past 10 years, VLGSX has underperformed TLH with an annualized return of -0.85%, while TLH has yielded a comparatively higher -0.67% 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%
TLH
- 1D
- 0.09%
- 1M
- -3.77%
- YTD
- -0.24%
- 6M
- -0.12%
- 1Y
- 1.31%
- 3Y*
- -0.20%
- 5Y*
- -3.45%
- 10Y*
- -0.67%
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VLGSX vs. TLH - Expense Ratio Comparison
VLGSX has a 0.07% expense ratio, which is lower than TLH's 0.15% 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. TLH — Risk / Return Rank
VLGSX
TLH
VLGSX vs. TLH - 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 iShares 10-20 Year Treasury Bond ETF (TLH). 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 | TLH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 0.14 | -0.02 |
Sortino ratioReturn per unit of downside risk | 0.24 | 0.25 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.03 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.25 | +0.05 |
Martin ratioReturn relative to average drawdown | 0.66 | 0.58 | +0.08 |
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 | TLH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.14 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.27 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | -0.06 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.28 | -0.10 |
Correlation
The correlation between VLGSX and TLH 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
VLGSX vs. TLH - Dividend Comparison
VLGSX's dividend yield for the trailing twelve months is around 4.08%, less than TLH's 4.33% 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% |
TLH iShares 10-20 Year Treasury Bond ETF | 4.33% | 4.17% | 4.28% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% |
Drawdowns
VLGSX vs. TLH - Drawdown Comparison
The maximum VLGSX drawdown since its inception was -46.22%, which is greater than TLH's maximum drawdown of -41.14%. Use the drawdown chart below to compare losses from any high point for VLGSX and TLH.
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Drawdown Indicators
| VLGSX | TLH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.22% | -41.14% | -5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -7.57% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -41.02% | -35.41% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -46.22% | -41.14% | -5.08% |
Current DrawdownCurrent decline from peak | -36.44% | -29.63% | -6.81% |
Average DrawdownAverage peak-to-trough decline | -14.89% | -10.58% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.30% | +0.56% |
Volatility
VLGSX vs. TLH - Volatility Comparison
Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) has a higher volatility of 3.62% compared to iShares 10-20 Year Treasury Bond ETF (TLH) at 3.25%. This indicates that VLGSX's price experiences larger fluctuations and is considered to be riskier than TLH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLGSX | TLH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.25% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 5.40% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 9.29% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 12.70% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 11.19% | +2.54% |