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VMVLX vs. VGSH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VMVLX and VGSH is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.2

Performance

VMVLX vs. VGSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and Vanguard Short-Term Treasury ETF (VGSH). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%SeptemberOctoberNovemberDecember2025February
447.72%
20.39%
VMVLX
VGSH

Key characteristics

Sharpe Ratio

VMVLX:

1.62

VGSH:

3.25

Sortino Ratio

VMVLX:

2.33

VGSH:

5.24

Omega Ratio

VMVLX:

1.29

VGSH:

1.71

Calmar Ratio

VMVLX:

2.41

VGSH:

5.43

Martin Ratio

VMVLX:

7.38

VGSH:

15.09

Ulcer Index

VMVLX:

2.29%

VGSH:

0.35%

Daily Std Dev

VMVLX:

10.47%

VGSH:

1.63%

Max Drawdown

VMVLX:

-56.30%

VGSH:

-5.70%

Current Drawdown

VMVLX:

-1.78%

VGSH:

0.00%

Returns By Period

In the year-to-date period, VMVLX achieves a 4.69% return, which is significantly higher than VGSH's 0.96% return. Over the past 10 years, VMVLX has outperformed VGSH with an annualized return of 10.72%, while VGSH has yielded a comparatively lower 1.41% annualized return.


VMVLX

YTD

4.69%

1M

0.22%

6M

4.72%

1Y

16.93%

5Y*

14.16%

10Y*

10.72%

VGSH

YTD

0.96%

1M

0.60%

6M

1.72%

1Y

5.14%

5Y*

1.24%

10Y*

1.41%

*Annualized

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VMVLX vs. VGSH - Expense Ratio Comparison

VMVLX has a 0.06% expense ratio, which is higher than VGSH'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%.


Expense ratio chart for VMVLX: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%
Expense ratio chart for VGSH: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Risk-Adjusted Performance

VMVLX vs. VGSH — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VMVLX
The Risk-Adjusted Performance Rank of VMVLX is 8484
Overall Rank
The Sharpe Ratio Rank of VMVLX is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of VMVLX is 8383
Sortino Ratio Rank
The Omega Ratio Rank of VMVLX is 8282
Omega Ratio Rank
The Calmar Ratio Rank of VMVLX is 8989
Calmar Ratio Rank
The Martin Ratio Rank of VMVLX is 8383
Martin Ratio Rank

VGSH
The Risk-Adjusted Performance Rank of VGSH is 9696
Overall Rank
The Sharpe Ratio Rank of VGSH is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of VGSH is 9797
Sortino Ratio Rank
The Omega Ratio Rank of VGSH is 9797
Omega Ratio Rank
The Calmar Ratio Rank of VGSH is 9696
Calmar Ratio Rank
The Martin Ratio Rank of VGSH is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VMVLX vs. VGSH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and Vanguard Short-Term Treasury ETF (VGSH). 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.


The chart of Sharpe ratio for VMVLX, currently valued at 1.62, compared to the broader market-1.000.001.002.003.004.001.623.25
The chart of Sortino ratio for VMVLX, currently valued at 2.33, compared to the broader market0.002.004.006.008.0010.0012.002.335.24
The chart of Omega ratio for VMVLX, currently valued at 1.29, compared to the broader market1.002.003.004.001.291.71
The chart of Calmar ratio for VMVLX, currently valued at 2.41, compared to the broader market0.005.0010.0015.002.415.43
The chart of Martin ratio for VMVLX, currently valued at 7.38, compared to the broader market0.0020.0040.0060.0080.007.3815.09
VMVLX
VGSH

The current VMVLX Sharpe Ratio is 1.62, which is lower than the VGSH Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of VMVLX and VGSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50SeptemberOctoberNovemberDecember2025February
1.62
3.25
VMVLX
VGSH

Dividends

VMVLX vs. VGSH - Dividend Comparison

VMVLX's dividend yield for the trailing twelve months is around 2.21%, less than VGSH's 4.18% yield.


TTM20242023202220212020201920182017201620152014
VMVLX
Vanguard Mega Cap Value Index Fund Institutional Shares
2.21%2.32%2.48%2.46%2.18%2.47%2.70%2.66%2.36%2.53%2.62%2.29%
VGSH
Vanguard Short-Term Treasury ETF
4.18%4.19%3.32%1.15%0.66%1.75%2.28%1.79%1.10%0.84%0.71%0.46%

Drawdowns

VMVLX vs. VGSH - Drawdown Comparison

The maximum VMVLX drawdown since its inception was -56.30%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for VMVLX and VGSH. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2025February
-1.78%
0
VMVLX
VGSH

Volatility

VMVLX vs. VGSH - Volatility Comparison

Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) has a higher volatility of 2.48% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.37%. This indicates that VMVLX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%SeptemberOctoberNovemberDecember2025February
2.48%
0.37%
VMVLX
VGSH