VLISX vs. VIGIX
VLISX (Vanguard Large-Cap Index Fund Institutional Shares) and VIGIX (Vanguard Growth Index Fund Institutional Shares) are both mutual funds - VLISX is a Large Cap Blend Equities fund managed by Vanguard, while VIGIX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Over the past 10 years, VLISX returned 15.13%/yr vs 17.38%/yr for VIGIX. Their 0.96 correlation means they have historically moved very closely together. VLISX charges 0.04%/yr vs 0.03%/yr for VIGIX.
Performance
VLISX vs. VIGIX - Performance Comparison
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Returns By Period
In the year-to-date period, VLISX achieves a 9.79% return, which is significantly higher than VIGIX's 5.01% return. Over the past 10 years, VLISX has underperformed VIGIX with an annualized return of 15.13%, while VIGIX has yielded a comparatively higher 17.38% annualized return.
VLISX
- 1D
- 0.70%
- 1M
- 0.06%
- 6M
- 7.97%
- YTD
- 9.79%
- 1Y
- 20.98%
- 3Y*
- 19.53%
- 5Y*
- 12.38%
- 10Y*
- 15.13%
- ALL TIME*
- 11.00%
VIGIX
- 1D
- 1.15%
- 1M
- -0.49%
- 6M
- 6.13%
- YTD
- 5.01%
- 1Y
- 15.36%
- 3Y*
- 21.20%
- 5Y*
- 12.16%
- 10Y*
- 17.38%
- ALL TIME*
- 9.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VLISX vs. VIGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLISX Vanguard Large-Cap Index Fund Institutional Shares | 9.79% | 18.11% | 25.12% | 27.26% | -19.68% | 27.04% | 21.04% | 31.38% | -4.47% | 22.04% |
VIGIX Vanguard Growth Index Fund Institutional Shares | 5.01% | 19.44% | 32.68% | 46.77% | -33.13% | 27.27% | 40.19% | 37.26% | -3.34% | 27.81% |
Correlation
The correlation between VLISX and VIGIX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.96 |
The correlation between VLISX and VIGIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
VLISX vs. VIGIX — Risk / Return Rank
VLISX
VIGIX
VLISX vs. VIGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap Index Fund Institutional Shares (VLISX) and Vanguard Growth Index Fund Institutional Shares (VIGIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VLISX | VIGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 0.78 | +1.29 |
| Martin ratioReturn relative to average drawdown | 8.77 | 2.49 | +6.28 |
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Drawdowns
VLISX vs. VIGIX - Drawdown Comparison
The maximum VLISX drawdown since its inception was -54.48%, roughly equal to the maximum VIGIX drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for VLISX and VIGIX.
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Drawdown Indicators
| VLISX | VIGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.48% | -56.95% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -16.51% | +7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -23.03% | +4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -35.62% | +9.97% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -35.62% | +1.65% |
Current DrawdownCurrent decline from peak | -1.53% | -5.52% | +3.99% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -16.21% | +9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 5.17% | -3.00% |
Volatility
VLISX vs. VIGIX - Volatility Comparison
The current volatility for Vanguard Large-Cap Index Fund Institutional Shares (VLISX) is 3.55%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 5.55%. This indicates that VLISX experiences smaller price fluctuations and is considered to be less risky than VIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLISX | VIGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 5.55% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 14.25% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.98% | 17.79% | -4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 22.61% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 21.70% | -3.49% |
VLISX vs. VIGIX - Expense Ratio Comparison
VLISX has a 0.04% expense ratio, which is higher than VIGIX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VLISX vs. VIGIX - Dividend Comparison
VLISX's dividend yield for the trailing twelve months is around 1.02%, more than VIGIX's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIGIX Vanguard Growth Index Fund Institutional Shares | 0.40% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.15% | 1.40% | 1.31% |
VLISX Vanguard Large-Cap Index Fund Institutional Shares | 1.02% | 1.08% | 1.24% | 1.41% | 1.67% | 1.19% | 1.46% | 1.81% | 2.09% | 1.76% | 1.99% | 1.97% |
Frequently Asked Questions
With a correlation of 0.95, VLISX and VIGIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VIGIX has higher volatility (5.55%) compared to VLISX (3.55%). In terms of maximum drawdown, VLISX dropped -54.48% vs VIGIX's -56.95%.
VLISX currently has the higher Sharpe Ratio (1.47 vs 0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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