VV vs. VLISX
Compare and contrast key facts about Vanguard Large-Cap ETF (VV) and Vanguard Large-Cap Index Fund Institutional Shares (VLISX).
VV is a passively managed fund by Vanguard that tracks the performance of the CRSP US Large Cap Index. It was launched on Jan 27, 2004. VLISX is managed by Vanguard. It was launched on Jun 30, 2005.
Performance
VV vs. VLISX - Performance Comparison
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VV vs. VLISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VV Vanguard Large-Cap ETF | -4.11% | 18.11% | 25.25% | 27.18% | -19.91% | 27.41% | 21.04% | 31.25% | -4.46% | 22.00% |
VLISX Vanguard Large-Cap Index Fund Institutional Shares | -4.78% | 18.11% | 25.12% | 27.26% | -19.68% | 27.04% | 21.04% | 31.38% | -4.47% | 22.04% |
Returns By Period
In the year-to-date period, VV achieves a -4.11% return, which is significantly higher than VLISX's -4.78% return. Both investments have delivered pretty close results over the past 10 years, with VV having a 14.13% annualized return and VLISX not far behind at 14.04%.
VV
- 1D
- 0.72%
- 1M
- -4.28%
- YTD
- -4.11%
- 6M
- -2.05%
- 1Y
- 18.00%
- 3Y*
- 18.78%
- 5Y*
- 11.47%
- 10Y*
- 14.13%
VLISX
- 1D
- 2.94%
- 1M
- -5.01%
- YTD
- -4.78%
- 6M
- -2.76%
- 1Y
- 17.16%
- 3Y*
- 18.46%
- 5Y*
- 11.30%
- 10Y*
- 14.04%
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VV vs. VLISX - Expense Ratio Comparison
Both VV and VLISX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VV vs. VLISX — Risk / Return Rank
VV
VLISX
VV vs. VLISX - 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 Institutional Shares (VLISX). 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 | VLISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.96 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.48 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.50 | +0.02 |
Martin ratioReturn relative to average drawdown | 7.05 | 7.08 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VV | VLISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.96 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.66 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.77 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.55 | +0.01 |
Correlation
The correlation between VV and VLISX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VV vs. VLISX - Dividend Comparison
VV's dividend yield for the trailing twelve months is around 1.13%, which matches VLISX's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VV Vanguard Large-Cap ETF | 1.13% | 1.08% | 1.24% | 1.41% | 1.66% | 1.19% | 1.46% | 1.81% | 2.09% | 1.75% | 1.98% | 1.96% |
VLISX Vanguard Large-Cap Index Fund Institutional Shares | 1.13% | 1.08% | 1.24% | 1.41% | 1.67% | 1.19% | 1.46% | 1.81% | 2.09% | 1.76% | 1.99% | 1.97% |
Drawdowns
VV vs. VLISX - Drawdown Comparison
The maximum VV drawdown since its inception was -54.81%, roughly equal to the maximum VLISX drawdown of -54.48%. Use the drawdown chart below to compare losses from any high point for VV and VLISX.
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Drawdown Indicators
| VV | VLISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -54.48% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -12.17% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -25.65% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -34.28% | -33.97% | -0.31% |
Current DrawdownCurrent decline from peak | -5.85% | -6.52% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -6.78% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.58% | +0.03% |
Volatility
VV vs. VLISX - Volatility Comparison
Vanguard Large-Cap ETF (VV) and Vanguard Large-Cap Index Fund Institutional Shares (VLISX) have volatilities of 5.34% and 5.35%, 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
| VV | VLISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 5.35% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 9.58% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 18.43% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 17.17% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 18.19% | -0.01% |