VLXVX vs. VSVNX

Last updated Aug 2, 2026

VLXVX (Vanguard Target Retirement 2065 Fund) and VSVNX (Vanguard Target Retirement 2070 Fund) are both mutual funds - VLXVX is a Diversified Portfolio fund actively managed by Vanguard, while VSVNX is a Target Retirement Date fund actively managed by Vanguard. Both are actively managed. Over the past 3 years, VLXVX returned 16.59%/yr vs 16.58%/yr for VSVNX. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.08% expense ratio.

Performance

VLXVX vs. VSVNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Retirement 2065 Fund (VLXVX) and Vanguard Target Retirement 2070 Fund (VSVNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VLXVX having a 10.02% return and VSVNX slightly lower at 9.99%.

VLXVX

• 1D: 1.90%
• 1M: -0.45%
• 6M: 6.79%
• YTD: 10.02%
• 1Y: 21.67%
• 3Y*: 16.59%
• 5Y*: 9.56%
• 10Y*: —
• ALL TIME*: 10.94%

VSVNX

• 1D: 1.89%
• 1M: -0.46%
• 6M: 6.77%
• YTD: 9.99%
• 1Y: 21.62%
• 3Y*: 16.58%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VLXVX Vanguard Target Retirement 2065 Fund	$0.00	$0.00	$0.00
VSVNX Vanguard Target Retirement 2070 Fund	$0.00	$0.00	$0.00

VLXVX vs. VSVNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VLXVX Vanguard Target Retirement 2065 Fund	10.02%	21.44%	14.37%	20.40%	1.41%
VSVNX Vanguard Target Retirement 2070 Fund	9.99%	21.43%	14.38%	20.45%	1.72%

Correlation

The correlation between VLXVX and VSVNX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022	0.99

The correlation between VLXVX and VSVNX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

VLXVX vs. VSVNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VLXVX

VLXVX Risk / Return Rank: 71
VLXVX Sharpe Ratio Rank: 70
VLXVX Sortino Ratio Rank: 67
VLXVX Omega Ratio Rank: 68
VLXVX Calmar Ratio Rank: 71
VLXVX Martin Ratio Rank: 79

VSVNX

VSVNX Risk / Return Rank: 71
VSVNX Sharpe Ratio Rank: 70
VSVNX Sortino Ratio Rank: 67
VSVNX Omega Ratio Rank: 68
VSVNX Calmar Ratio Rank: 71
VSVNX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VLXVX vs. VSVNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2065 Fund (VLXVX) and Vanguard Target Retirement 2070 Fund (VSVNX). 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.

	VLXVX	VSVNX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.59	0.00
Sortino ratio: Return per unit of downside risk	2.22	2.23	0.00
Omega ratio: Gain probability vs. loss probability	1.29	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	2.24	2.23	0.00
Martin ratio: Return relative to average drawdown	9.30	9.29	0.00

VLXVX vs. VSVNX - Sharpe Ratio Comparison

The current VLXVX Sharpe Ratio is 1.59, which is comparable to the VSVNX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of VLXVX and VSVNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VLXVX vs. VSVNX - Drawdown Comparison

The maximum VLXVX drawdown since its inception was -31.42%, which is greater than VSVNX's maximum drawdown of -15.39%. Use the drawdown chart below to compare losses from any high point for VLXVX and VSVNX.

Drawdown Indicators

	VLXVX	VSVNX	Difference
Max Drawdown Largest peak-to-trough decline	-31.42%	-15.39%	-16.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-8.94%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.53%	-14.53%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	—	—
Current Drawdown Current decline from peak	-1.92%	-1.93%	+0.01%
Average Drawdown Average peak-to-trough decline	-4.93%	-2.47%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.14%	0.00%

Volatility

VLXVX vs. VSVNX - Volatility Comparison

Vanguard Target Retirement 2065 Fund (VLXVX) and Vanguard Target Retirement 2070 Fund (VSVNX) have volatilities of 3.74% and 3.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VLXVX	VSVNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	3.74%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	10.52%	10.51%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	12.59%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.37%	13.77%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	13.77%	+1.92%

VLXVX vs. VSVNX - Expense Ratio Comparison

Both VLXVX and VSVNX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VLXVX vs. VSVNX - Dividend Comparison

VLXVX's dividend yield for the trailing twelve months is around 1.82%, more than VSVNX's 1.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VLXVX Vanguard Target Retirement 2065 Fund	1.82%	2.00%	2.11%	2.06%	2.00%	1.93%	1.60%	1.90%	1.85%	0.78%
VSVNX Vanguard Target Retirement 2070 Fund	1.65%	1.82%	1.79%	1.57%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VLXVX and VSVNX in my portfolio?

With a correlation of 1.00, VLXVX and VSVNX 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.

Which is riskier, VLXVX or VSVNX?

VSVNX has higher volatility (3.74%) compared to VLXVX (3.74%). In terms of maximum drawdown, VLXVX dropped -31.42% vs VSVNX's -15.39%.

Which has better risk-adjusted returns?

VSVNX currently has the higher Sharpe Ratio (1.59 vs 1.58), 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.