VLMIX vs. VTSAX
VLMIX (Vanguard Long-Term Investment-Grade Fund Investor Shares) and VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) are both mutual funds - VLMIX is a Long-Term Bond fund managed by Vanguard, while VTSAX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 5 years, VLMIX returned 5.26%/yr vs 11.61%/yr for VTSAX. Their correlation of 0.86 means they have usually moved in the same direction. VLMIX charges 0.20%/yr vs 0.04%/yr for VTSAX.
Performance
VLMIX vs. VTSAX - 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 VTSAX's 9.87% 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%
VTSAX
- 1D
- 1.63%
- 1M
- -0.77%
- 6M
- 8.16%
- YTD
- 9.87%
- 1Y
- 21.10%
- 3Y*
- 18.58%
- 5Y*
- 11.61%
- 10Y*
- 14.47%
- ALL TIME*
- 9.00%
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. VTSAX - 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% |
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares | 9.87% | 17.12% | 23.23% | 26.51% | -19.52% | 25.72% | 20.98% | 30.79% | -5.18% | 10.13% |
Correlation
The correlation between VLMIX and VTSAX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2017 | 0.86 |
Over the past year, the correlation between VLMIX and VTSAX has dropped to 0.64 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
VLMIX vs. VTSAX — Risk / Return Rank
VLMIX
VTSAX
VLMIX vs. VTSAX - 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 Total Stock Market Index Fund Admiral Shares (VTSAX). 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 | VTSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.25 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.10 | -2.35 |
| Martin ratioReturn relative to average drawdown | -0.69 | 9.09 | -9.78 |
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Drawdowns
VLMIX vs. VTSAX - Drawdown Comparison
The maximum VLMIX drawdown since its inception was -35.47%, smaller than the maximum VTSAX drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for VLMIX and VTSAX.
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Drawdown Indicators
| VLMIX | VTSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.47% | -55.33% | +19.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -8.92% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.59% | -19.36% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -25.36% | +3.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.97% | — |
Current DrawdownCurrent decline from peak | -7.70% | -1.88% | -5.82% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -8.96% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 2.06% | +2.24% |
Volatility
VLMIX vs. VTSAX - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Investor Shares (VLMIX) has a higher volatility of 3.86% compared to Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) at 3.41%. This indicates that VLMIX's price experiences larger fluctuations and is considered to be riskier than VTSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLMIX | VTSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.41% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 10.27% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 13.13% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 17.47% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 18.41% | +0.20% |
VLMIX vs. VTSAX - Expense Ratio Comparison
VLMIX has a 0.20% expense ratio, which is higher than VTSAX's 0.04% 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. VTSAX - Dividend Comparison
VLMIX's dividend yield for the trailing twelve months is around 2.15%, more than VTSAX's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares | 1.06% | 1.11% | 1.26% | 1.42% | 1.65% | 1.20% | 1.41% | 1.76% | 2.03% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
VLMIX and VTSAX have a correlation of 0.64, 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 VTSAX (3.41%). In terms of maximum drawdown, VLMIX dropped -35.47% vs VTSAX's -55.33%.
VTSAX currently has the higher Sharpe Ratio (1.43 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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