VV vs. LRGF

Last updated Jun 24, 2026

VV (Vanguard Large-Cap ETF) and LRGF (iShares MSCI USA Multifactor ETF) are both Large Cap Blend Equities funds - VV tracks the CRSP US Large Cap Index while LRGF tracks the MSCI USA Diversified Multi-Factor. Both are passively managed. Over the past 10 years, VV returned 15.62%/yr vs 14.05%/yr for LRGF. Their correlation of 0.93 suggests significant overlap in exposure. VV charges 0.04%/yr vs 0.20%/yr for LRGF.

Performance

VV vs. LRGF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large-Cap ETF (VV) and iShares MSCI USA Multifactor ETF (LRGF). 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 VV having a 7.90% return and LRGF slightly lower at 7.84%. Over the past 10 years, VV has outperformed LRGF with an annualized return of 15.62%, while LRGF has yielded a comparatively lower 14.05% annualized return.

VV

• 1D: -1.44%
• 1M: -1.27%
• YTD: 7.90%
• 6M: 6.95%
• 1Y: 23.37%
• 3Y*: 21.00%
• 5Y*: 12.65%
• 10Y*: 15.62%

LRGF

• 1D: -1.26%
• 1M: -0.45%
• YTD: 7.84%
• 6M: 6.74%
• 1Y: 21.21%
• 3Y*: 21.28%
• 5Y*: 13.54%
• 10Y*: 14.05%

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

VV vs. LRGF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VV Vanguard Large-Cap ETF	7.90%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%
LRGF iShares MSCI USA Multifactor ETF	7.84%	16.48%	26.59%	25.85%	-14.77%	25.01%	11.11%	26.11%	-9.66%	21.13%

Correlation

The correlation between VV and LRGF is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Apr 30, 2015	0.93

The correlation between VV and LRGF has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.

VV vs. LRGF - Sectors Allocation Comparison

Sectors	VV	LRGF
Technology	35.9%	38.9%
Financial Services	11.8%	11.7%
Communication Services	11.2%	7.9%
Consumer Cyclical	9.8%	11.0%
Healthcare	8.6%	8.8%
Industrials	8.0%	7.8%
Consumer Defensive	4.8%	5.3%
Energy	3.6%	3.3%
Utilities	2.7%	2.1%
Real Estate	1.7%	1.3%
Basic Materials	1.6%	1.9%

Return for Risk

VV vs. LRGF — Risk / Return Rank

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

VV

VV Risk / Return Rank: 57
VV Sharpe Ratio Rank: 57
VV Sortino Ratio Rank: 55
VV Omega Ratio Rank: 56
VV Calmar Ratio Rank: 54
VV Martin Ratio Rank: 65

LRGF

LRGF Risk / Return Rank: 52
LRGF Sharpe Ratio Rank: 52
LRGF Sortino Ratio Rank: 50
LRGF Omega Ratio Rank: 50
LRGF Calmar Ratio Rank: 51
LRGF Martin Ratio Rank: 58

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.

VV vs. LRGF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap ETF (VV) and iShares MSCI USA Multifactor ETF (LRGF). 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.

	VV	LRGF	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.69	+0.17
Sortino ratio: Return per unit of downside risk	2.54	2.33	+0.21
Omega ratio: Gain probability vs. loss probability	1.33	1.30	+0.03
Calmar ratio: Return relative to maximum drawdown	2.55	2.39	+0.16
Martin ratio: Return relative to average drawdown	11.23	9.61	+1.63

VV vs. LRGF - Sharpe Ratio Comparison

The current VV Sharpe Ratio is 1.86, which is comparable to the LRGF Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of VV and LRGF, 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

VV vs. LRGF - Drawdown Comparison

The maximum VV drawdown since its inception was -54.81%, which is greater than LRGF's maximum drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for VV and LRGF.

Drawdown Indicators

	VV	LRGF	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-36.03%	-18.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-8.92%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-19.44%	+0.47%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-21.62%	-4.04%
Max Drawdown (10Y) Largest decline over 10 years	-34.28%	-36.03%	+1.75%
Current Drawdown Current decline from peak	-3.21%	-3.10%	-0.11%
Average Drawdown Average peak-to-trough decline	-6.83%	-4.53%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.21%	-0.12%

Volatility

VV vs. LRGF - Volatility Comparison

Vanguard Large-Cap ETF (VV) and iShares MSCI USA Multifactor ETF (LRGF) have volatilities of 4.94% and 4.77%, 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

	VV	LRGF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	4.77%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	9.90%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	12.63%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	17.10%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	18.33%	-0.12%

VV vs. LRGF - Expense Ratio Comparison

VV has a 0.04% expense ratio, which is lower than LRGF's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VV vs. LRGF - Dividend Comparison

VV's dividend yield for the trailing twelve months is around 1.00%, less than LRGF's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LRGF iShares MSCI USA Multifactor ETF	1.10%	1.16%	1.23%	1.49%	1.78%	1.05%	1.35%	1.76%	3.27%	1.68%	1.56%	0.83%
VV Vanguard Large-Cap ETF	1.00%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both VV and LRGF in my portfolio?

With a correlation of 0.98, VV and LRGF 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, VV or LRGF?

VV has higher volatility (4.94%) compared to LRGF (4.77%). In terms of maximum drawdown, VV dropped -54.81% vs LRGF's -36.03%.

Which ETF is better, VV or LRGF?

On 10-year performance, VV leads with 15.62% vs 14.05% for LRGF. On fees, VV is cheaper at 0.04% per year. On volatility, LRGF has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VV or LRGF?

Over the 10-year period, VV has performed better with a 15.62% return vs 14.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VV or LRGF?

VV is cheaper with a 0.04% expense ratio, compared with 0.20% for LRGF.

Which ETF pays a higher dividend yield, VV or LRGF?

LRGF has the higher dividend yield at 1.10%, compared with 1.00% for VV.

What is the main difference between VV and LRGF?

VV tracks CRSP US Large Cap Index, while LRGF tracks MSCI USA Diversified Multi-Factor. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.04% for VV and 0.20% for LRGF.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (1.86 vs 1.69), 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.