VLMIX vs. VDIGX
VLMIX (Vanguard Long-Term Investment-Grade Fund Investor Shares) and VDIGX (Vanguard Dividend Growth Fund) are both mutual funds - VLMIX is a Long-Term Bond fund managed by Vanguard, while VDIGX is a Dividend fund actively managed by Vanguard. Over the past 5 years, VLMIX returned 5.26%/yr vs 9.57%/yr for VDIGX. Their correlation of 0.84 means they have usually moved in the same direction. Both charge a 0.20% expense ratio.
Performance
VLMIX vs. VDIGX - Performance Comparison
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Returns By Period
In the year-to-date period, VLMIX achieves a -0.50% return, which is significantly lower than VDIGX's 5.43% return.
VLMIX
- 1D
- -1.27%
- 1M
- -2.57%
- 6M
- -1.76%
- YTD
- -0.50%
- 1Y
- -1.54%
- 3Y*
- 5.56%
- 5Y*
- 5.26%
- 10Y*
- —
- ALL TIME*
- 11.53%
VDIGX
- 1D
- 0.63%
- 1M
- -0.03%
- 6M
- 4.45%
- YTD
- 5.43%
- 1Y
- 12.39%
- 3Y*
- 13.59%
- 5Y*
- 9.57%
- 10Y*
- 12.30%
- ALL TIME*
- 9.36%
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 |
VLMIX vs. VDIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLMIX Vanguard Long-Term Investment-Grade Fund Investor Shares | -0.50% | 1.01% | 7.83% | 22.39% | -9.40% | 20.12% | 20.25% | 35.69% | 4.91% | 7.31% |
VDIGX Vanguard Dividend Growth Fund | 5.43% | 11.11% | 20.84% | 8.11% | -4.89% | 24.86% | 12.04% | 30.94% | 0.08% | 7.90% |
Correlation
The correlation between VLMIX and VDIGX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2017 | 0.84 |
The correlation between VLMIX and VDIGX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
VLMIX vs. VDIGX — Risk / Return Rank
VLMIX
VDIGX
VLMIX vs. VDIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Investor Shares (VLMIX) and Vanguard Dividend Growth Fund (VDIGX). 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.
| VLMIX | VDIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.18 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.15 | -1.41 |
| Martin ratioReturn relative to average drawdown | -0.69 | 4.56 | -5.25 |
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Drawdowns
VLMIX vs. VDIGX - Drawdown Comparison
The maximum VLMIX drawdown since its inception was -35.47%, smaller than the maximum VDIGX drawdown of -45.23%. Use the drawdown chart below to compare losses from any high point for VLMIX and VDIGX.
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Drawdown Indicators
| VLMIX | VDIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.47% | -45.23% | +9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -9.09% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.59% | -10.23% | -7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -16.18% | -5.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.98% | — |
Current DrawdownCurrent decline from peak | -7.70% | -0.37% | -7.33% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -6.62% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 2.30% | +2.00% |
Volatility
VLMIX vs. VDIGX - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Investor Shares (VLMIX) has a higher volatility of 3.86% compared to Vanguard Dividend Growth Fund (VDIGX) at 2.87%. This indicates that VLMIX's price experiences larger fluctuations and is considered to be riskier than VDIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLMIX | VDIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 2.87% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 7.89% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 10.28% | +3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 13.86% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 15.67% | +2.94% |
VLMIX vs. VDIGX - Expense Ratio Comparison
Both VLMIX and VDIGX have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VLMIX vs. VDIGX - Dividend Comparison
VLMIX's dividend yield for the trailing twelve months is around 2.15%, less than VDIGX's 23.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDIGX Vanguard Dividend Growth Fund | 23.28% | 21.90% | 21.94% | 2.29% | 6.06% | 5.45% | 2.83% | 4.70% | 8.72% | 5.16% | 2.86% | 5.70% |
VLMIX Vanguard Long-Term Investment-Grade Fund Investor Shares | 2.15% | 2.14% | 1.21% | 0.22% | 7.46% | 8.18% | 8.10% | 1.63% | 5.11% | 1.61% | 0.00% | 0.00% |
Frequently Asked Questions
VLMIX and VDIGX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLMIX has higher volatility (3.86%) compared to VDIGX (2.87%). In terms of maximum drawdown, VLMIX dropped -35.47% vs VDIGX's -45.23%.
VDIGX currently has the higher Sharpe Ratio (1.02 vs -0.22), 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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