VLMIX vs. VIGIX
VLMIX (Vanguard Long-Term Investment-Grade Fund Investor Shares) and VIGIX (Vanguard Growth Index Fund Institutional Shares) are both mutual funds - VLMIX is a Long-Term Bond fund managed by Vanguard, while VIGIX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Over the past 5 years, VLMIX returned 5.26%/yr vs 11.91%/yr for VIGIX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. VLMIX charges 0.20%/yr vs 0.03%/yr for VIGIX.
Performance
VLMIX vs. VIGIX - 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 VIGIX's 3.82% 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%
VIGIX
- 1D
- 2.71%
- 1M
- -1.61%
- 6M
- 5.20%
- YTD
- 3.82%
- 1Y
- 14.05%
- 3Y*
- 20.61%
- 5Y*
- 11.91%
- 10Y*
- 17.15%
- ALL TIME*
- 9.61%
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. VIGIX - 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% |
VIGIX Vanguard Growth Index Fund Institutional Shares | 3.82% | 19.44% | 32.68% | 46.77% | -33.13% | 27.27% | 40.19% | 37.26% | -3.34% | 8.88% |
Correlation
The correlation between VLMIX and VIGIX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2017 | 0.76 |
Over the past year, the correlation between VLMIX and VIGIX has dropped to 0.45 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
VLMIX vs. VIGIX — Risk / Return Rank
VLMIX
VIGIX
VLMIX vs. VIGIX - 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 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.
| VLMIX | VIGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.12 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.71 | -0.96 |
| Martin ratioReturn relative to average drawdown | -0.69 | 2.26 | -2.95 |
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Drawdowns
VLMIX vs. VIGIX - Drawdown Comparison
The maximum VLMIX drawdown since its inception was -35.47%, smaller than the maximum VIGIX drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for VLMIX and VIGIX.
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Drawdown Indicators
| VLMIX | VIGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.47% | -56.95% | +21.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -16.51% | +4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.59% | -23.03% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -35.62% | +13.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.62% | — |
Current DrawdownCurrent decline from peak | -7.70% | -6.59% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -16.21% | +11.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 5.16% | -0.86% |
Volatility
VLMIX vs. VIGIX - Volatility Comparison
The current volatility for Vanguard Long-Term Investment-Grade Fund Investor Shares (VLMIX) is 3.86%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 5.40%. This indicates that VLMIX 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
| VLMIX | VIGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 5.40% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 14.23% | -3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 17.76% | -4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 22.62% | -5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 21.69% | -3.08% |
VLMIX vs. VIGIX - Expense Ratio Comparison
VLMIX has a 0.20% 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
VLMIX vs. VIGIX - Dividend Comparison
VLMIX's dividend yield for the trailing twelve months is around 2.15%, 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% |
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 VIGIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIGIX has higher volatility (5.40%) compared to VLMIX (3.86%). In terms of maximum drawdown, VLMIX dropped -35.47% vs VIGIX's -56.95%.
VIGIX currently has the higher Sharpe Ratio (0.66 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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