VLISX vs. QQQ
Compare and contrast key facts about Vanguard Large-Cap Index Fund Institutional Shares (VLISX) and Invesco QQQ ETF (QQQ).
VLISX is managed by Vanguard. It was launched on Jun 30, 2005. 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
VLISX vs. QQQ - Performance Comparison
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VLISX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLISX Vanguard Large-Cap Index Fund Institutional Shares | -4.78% | 18.11% | 25.12% | 27.26% | -19.68% | 27.04% | 21.04% | 31.38% | -4.47% | 22.04% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
The year-to-date returns for both investments are quite close, with VLISX having a -4.78% return and QQQ slightly higher at -4.76%. Over the past 10 years, VLISX has underperformed QQQ with an annualized return of 14.04%, while QQQ has yielded a comparatively higher 18.99% annualized return.
VLISX
- 1D
- 2.94%
- 1M
- -5.01%
- YTD
- -4.78%
- 6M
- -2.76%
- 1Y
- 17.16%
- 3Y*
- 18.46%
- 5Y*
- 11.30%
- 10Y*
- 14.04%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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VLISX vs. QQQ - Expense Ratio Comparison
VLISX has a 0.04% 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
VLISX vs. QQQ — Risk / Return Rank
VLISX
QQQ
VLISX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap Index Fund Institutional Shares (VLISX) 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.
| VLISX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.07 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.66 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.00 | -0.50 |
Martin ratioReturn relative to average drawdown | 7.08 | 7.32 | -0.25 |
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
| VLISX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.07 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.59 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.86 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.38 | +0.18 |
Correlation
The correlation between VLISX and QQQ is 0.90, 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
VLISX vs. QQQ - Dividend Comparison
VLISX's dividend yield for the trailing twelve months is around 1.13%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLISX Vanguard Large-Cap Index Fund Institutional Shares | 1.13% | 1.08% | 1.24% | 1.41% | 1.67% | 1.19% | 1.46% | 1.81% | 2.09% | 1.76% | 1.99% | 1.97% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
VLISX vs. QQQ - Drawdown Comparison
The maximum VLISX drawdown since its inception was -54.48%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for VLISX and QQQ.
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Drawdown Indicators
| VLISX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.48% | -82.97% | +28.49% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.62% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -35.12% | +9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -35.12% | +1.15% |
Current DrawdownCurrent decline from peak | -6.52% | -7.86% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -32.99% | +26.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.44% | -0.86% |
Volatility
VLISX vs. QQQ - Volatility Comparison
The current volatility for Vanguard Large-Cap Index Fund Institutional Shares (VLISX) is 5.35%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. This indicates that VLISX 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
| VLISX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 6.61% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 12.82% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 22.70% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 22.38% | -5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 22.25% | -4.06% |