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VTTSX vs. VLXVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VTTSX vs. VLXVX

Last updated Jun 7, 2026

VTTSX (Vanguard Target Retirement 2060 Fund) and VLXVX (Vanguard Target Retirement 2065 Fund) are both mutual funds - VTTSX is a Target Retirement Date fund managed by Vanguard, while VLXVX is a Diversified Portfolio fund actively managed by Vanguard. Over the past 5 years, VTTSX returned 10.10%/yr vs 10.11%/yr for VLXVX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.08% expense ratio.

Performance

VTTSX vs. VLXVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Retirement 2060 Fund (VTTSX) and Vanguard Target Retirement 2065 Fund (VLXVX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with VTTSX at 11.69% and VLXVX at 11.69%.

VTTSX

1D
0.29%
1M
2.04%
YTD
11.69%
6M
12.27%
1Y
26.84%
3Y*
19.61%
5Y*
10.10%
10Y*
11.85%

VLXVX

1D
0.29%
1M
2.03%
YTD
11.69%
6M
12.27%
1Y
26.82%
3Y*
19.61%
5Y*
10.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VTTSX vs. VLXVX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VTTSX
Vanguard Target Retirement 2060 Fund		11.69%21.43%14.61%20.19%-17.48%16.45%16.33%26.18%-8.78%7.58%
VLXVX
Vanguard Target Retirement 2065 Fund		11.69%21.44%14.37%20.40%-17.41%16.46%16.18%24.97%-7.94%7.68%

Correlation

The correlation between VTTSX and VLXVX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Jul 28, 2017

0.99

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

VTTSX vs. VLXVX - Sectors Allocation Comparison

Sectors
VTTSX
VLXVX

Technology

27.3%
27.3%

Financial Services

16.1%
16.1%

Industrials

12.4%
12.4%

Consumer Cyclical

9.4%
9.4%

Healthcare

8.3%
8.3%

Communication Services

8.0%
8.0%

Consumer Defensive

4.8%
4.8%

Energy

4.3%
4.3%

Basic Materials

4.3%
4.3%

Utilities

2.7%
2.7%

Real Estate

2.5%
2.5%

Technology

VTTSX
27.3%
VLXVX
27.3%

Financial Services

VTTSX
16.1%
VLXVX
16.1%

Industrials

VTTSX
12.4%
VLXVX
12.4%

Consumer Cyclical

VTTSX
9.4%
VLXVX
9.4%

Healthcare

VTTSX
8.3%
VLXVX
8.3%

Communication Services

VTTSX
8.0%
VLXVX
8.0%

Consumer Defensive

VTTSX
4.8%
VLXVX
4.8%

Energy

VTTSX
4.3%
VLXVX
4.3%

Basic Materials

VTTSX
4.3%
VLXVX
4.3%

Utilities

VTTSX
2.7%
VLXVX
2.7%

Real Estate

VTTSX
2.5%
VLXVX
2.5%

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Vanguard Target Retirement 2060 Fund

Vanguard Target Retirement 2065 Fund

Often compared with VTTSX:
VTTSX vs. VOOVTTSX vs. FDKLXVTTSX vs. SPYVTTSX vs. VTIVTTSX vs. VFIAXVTTSX vs. SWYNXVTTSX vs. TRTGX
Often compared with VLXVX:
VLXVX vs. VOOVLXVX vs. FFIJXVLXVX vs. FFSFXVLXVX vs. SPYVLXVX vs. SWYOXVLXVX vs. VSVNXVLXVX vs. VTI

Return for Risk

VTTSX vs. VLXVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VTTSX
VTTSX Risk / Return Rank: 7070
Overall Rank
VTTSX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VTTSX Sortino Ratio Rank: 6868
Sortino Ratio Rank
VTTSX Omega Ratio Rank: 6767
Omega Ratio Rank
VTTSX Calmar Ratio Rank: 6969
Calmar Ratio Rank
VTTSX Martin Ratio Rank: 7676
Martin Ratio Rank
VLXVX
VLXVX Risk / Return Rank: 7070
Overall Rank
VLXVX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VLXVX Sortino Ratio Rank: 6868
Sortino Ratio Rank
VLXVX Omega Ratio Rank: 6767
Omega Ratio Rank
VLXVX Calmar Ratio Rank: 6969
Calmar Ratio Rank
VLXVX Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTTSX vs. VLXVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2060 Fund (VTTSX) and Vanguard Target Retirement 2065 Fund (VLXVX). 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.

VTTSXVLXVXDifference
Sharpe ratioReturn per unit of total volatility
2.40
2.41

0.00

Sortino ratioReturn per unit of downside risk
3.33
3.33

0.00

Omega ratioGain probability vs. loss probability

1.44

1.44

0.00

Calmar ratioReturn relative to maximum drawdown

3.08

3.08

0.00

Martin ratioReturn relative to average drawdown

13.66

13.65

+0.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTTSX vs. VLXVX - Sharpe Ratio Comparison

The current VTTSX Sharpe Ratio is 2.40, which is comparable to the VLXVX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VTTSX and VLXVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VTTSXVLXVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.40

2.41

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.72

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.72

+0.06

Drawdowns

VTTSX vs. VLXVX - Drawdown Comparison

The maximum VTTSX drawdown since its inception was -31.38%, roughly equal to the maximum VLXVX drawdown of -31.42%. Use the drawdown chart below to compare losses from any high point for VTTSX and VLXVX.

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Drawdown Indicators

VTTSXVLXVXDifference

Max Drawdown

Largest peak-to-trough decline

-31.38%

-31.42%

+0.04%

Max Drawdown (1Y)

Largest decline over 1 year

-8.93%

-8.93%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-14.51%

-14.53%

+0.02%

Max Drawdown (5Y)

Largest decline over 5 years

-25.40%

-25.37%

-0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-31.38%

—

—

Current Drawdown

Current decline from peak

-0.42%

-0.42%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.03%

-4.98%

+0.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

2.01%

0.00%

Volatility

VTTSX vs. VLXVX - Volatility Comparison

Vanguard Target Retirement 2060 Fund (VTTSX) and Vanguard Target Retirement 2065 Fund (VLXVX) have volatilities of 3.37% and 3.39%, 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.

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Volatility by Period

VTTSXVLXVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.37%

3.39%

-0.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.10%

9.11%

-0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

11.44%

11.44%

0.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.18%

14.19%

-0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.10%

15.69%

-0.59%

VTTSX vs. VLXVX - Expense Ratio Comparison

Both VTTSX and VLXVX 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

VTTSX vs. VLXVX - Dividend Comparison

VTTSX's dividend yield for the trailing twelve months is around 1.84%, more than VLXVX's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
VLXVX
Vanguard Target Retirement 2065 Fund		1.79%2.00%2.11%2.06%2.00%1.93%1.60%1.90%1.85%0.78%0.00%0.00%
VTTSX
Vanguard Target Retirement 2060 Fund		1.84%2.06%2.20%2.14%2.09%5.67%1.83%2.11%2.33%1.77%1.98%1.92%

Frequently Asked Questions

With a correlation of 1.00, VTTSX and VLXVX 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.

VLXVX has higher volatility (3.39%) compared to VTTSX (3.37%). In terms of maximum drawdown, VTTSX dropped -31.38% vs VLXVX's -31.42%.

VLXVX currently has the higher Sharpe Ratio (2.41 vs 2.40), 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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