VV vs. VLACX

Last updated Jun 4, 2026

VV (Vanguard Large-Cap ETF) and VLACX (Vanguard Large Cap Index Fund) are both funds - VV is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Index, while VLACX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 10 years, VV returned 15.58%/yr vs 15.44%/yr for VLACX. With a 0.99 correlation, they move nearly in lockstep. VV charges 0.04%/yr vs 0.17%/yr for VLACX.

Performance

VV vs. VLACX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large-Cap ETF (VV) and Vanguard Large Cap Index Fund (VLACX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VV achieves a 10.69% return, which is significantly lower than VLACX's 11.44% return. Both investments have delivered pretty close results over the past 10 years, with VV having a 15.58% annualized return and VLACX not far behind at 15.44%.

VV

• 1D: -0.72%
• 1M: 5.19%
• YTD: 10.69%
• 6M: 10.54%
• 1Y: 27.77%
• 3Y*: 22.68%
• 5Y*: 13.54%
• 10Y*: 15.58%

VLACX

• 1D: 0.18%
• 1M: 5.97%
• YTD: 11.44%
• 6M: 11.33%
• 1Y: 28.53%
• 3Y*: 22.58%
• 5Y*: 13.64%
• 10Y*: 15.44%

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

VV vs. VLACX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VV Vanguard Large-Cap ETF	10.69%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%
VLACX Vanguard Large Cap Index Fund	11.44%	17.60%	24.61%	27.10%	-19.78%	26.87%	20.88%	31.22%	-4.60%	21.89%

Correlation

The correlation between VV and VLACX is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.99

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

Return for Risk

VV vs. VLACX — Risk / Return Rank

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

VV

VV Risk / Return Rank: 67
VV Sharpe Ratio Rank: 69
VV Sortino Ratio Rank: 68
VV Omega Ratio Rank: 68
VV Calmar Ratio Rank: 60
VV Martin Ratio Rank: 72

VLACX

VLACX Risk / Return Rank: 69
VLACX Sharpe Ratio Rank: 72
VLACX Sortino Ratio Rank: 63
VLACX Omega Ratio Rank: 64
VLACX Calmar Ratio Rank: 68
VLACX Martin Ratio Rank: 78

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. VLACX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap ETF (VV) and Vanguard Large Cap Index Fund (VLACX). 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.

	VV	VLACX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.47	-0.14
Sortino ratio: Return per unit of downside risk	3.18	3.35	-0.17
Omega ratio: Gain probability vs. loss probability	1.42	1.45	-0.03
Calmar ratio: Return relative to maximum drawdown	3.03	3.19	-0.16
Martin ratio: Return relative to average drawdown	13.86	14.65	-0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VV vs. VLACX - Sharpe Ratio Comparison

The current VV Sharpe Ratio is 2.33, which is comparable to the VLACX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of VV and VLACX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VV	VLACX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.47	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.80	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.85	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.58	+0.02

Drawdowns

VV vs. VLACX - Drawdown Comparison

The maximum VV drawdown since its inception was -54.81%, roughly equal to the maximum VLACX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VV and VLACX.

Drawdown Indicators

	VV	VLACX	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-54.81%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-9.22%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-19.27%	+0.30%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-25.72%	+0.06%
Max Drawdown (10Y) Largest decline over 10 years	-34.28%	-33.97%	-0.31%
Current Drawdown Current decline from peak	-0.72%	0.00%	-0.72%
Average Drawdown Average peak-to-trough decline	-6.84%	-6.92%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.00%	+0.01%

Volatility

VV vs. VLACX - Volatility Comparison

Vanguard Large-Cap ETF (VV) and Vanguard Large Cap Index Fund (VLACX) have volatilities of 2.84% and 2.80%, 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	VLACX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.80%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	9.01%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	11.92%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	17.16%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	18.20%	-0.01%

VV vs. VLACX - Expense Ratio Comparison

VV has a 0.04% expense ratio, which is lower than VLACX's 0.17% 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. VLACX - Dividend Comparison

VV's dividend yield for the trailing twelve months is around 0.98%, more than VLACX's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VLACX Vanguard Large Cap Index Fund	0.86%	0.71%	0.86%	1.30%	1.51%	1.07%	1.35%	1.72%	1.95%	1.64%	1.87%	1.84%
VV Vanguard Large-Cap ETF	0.98%	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 VLACX in my portfolio?

With a correlation of 0.99, VV and VLACX 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 VLACX?

VV has higher volatility (2.84%) compared to VLACX (2.80%). In terms of maximum drawdown, VV dropped -54.81% vs VLACX's -54.81%.

Which has better risk-adjusted returns?

VLACX currently has the higher Sharpe Ratio (2.47 vs 2.33), 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.