- ISIN
- US91915R5090
- Issuer
- VALIC
- Inception Date
- Apr 29, 1994
- Category
- Large Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
VCGAX Performance Chart
VALIC Company I Systematic Core Fund (VCGAX) is up 5.4% since the beginning of the year. VCGAX is currently trading at $37 per share. Investors who bought $1,000 worth of VCGAX shares 5 years ago would now be looking at an investment worth $1,587.
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Returns By Period
VALIC Company I Systematic Core Fund (VCGAX) has returned 5.35% so far this year and 18.87% over the past 12 months. Over the last ten years, VCGAX has had an annualized return of 13.68%, just under the S&P 500 Index benchmark’s 13.71%.
VALIC Company I Systematic Core Fund
- 1D
- -0.57%
- 1M
- -0.73%
- YTD
- 5.35%
- 6M
- 4.15%
- 1Y
- 18.87%
- 3Y*
- 16.38%
- 5Y*
- 9.68%
- 10Y*
- 13.68%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
VCGAX Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 1997, VCGAX's average daily return is +0.03%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +13.8%, while the worst month was Dec 2000 at -19.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VCGAX closed higher 52% of trading days. The best single day was Oct 28, 2008 with a return of +11.5%, while the worst single day was Dec 21, 2000 at -20.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.32% | -1.18% | -4.39% | 9.55% | 3.04% | -1.53% | 5.35% | ||||||
| 2025 | 3.03% | -1.83% | -9.94% | -1.03% | 5.81% | 4.38% | 1.98% | 2.58% | 2.77% | 0.96% | 1.03% | 0.22% | 9.41% |
| 2024 | 1.39% | 5.36% | 3.37% | -4.69% | 4.82% | 2.89% | 1.91% | 2.10% | 1.75% | -0.90% | 6.60% | -3.00% | 23.14% |
| 2023 | 6.75% | -2.38% | 2.16% | 1.03% | -0.37% | 6.98% | 3.30% | -1.60% | -4.46% | -2.61% | 8.65% | 5.19% | 23.94% |
| 2022 | -5.85% | -2.68% | 2.81% | -8.16% | 0.04% | -8.26% | 8.87% | -4.00% | -9.10% | 8.31% | 5.64% | -5.81% | -18.71% |
| 2021 | -0.23% | 2.72% | 4.08% | 5.22% | 0.72% | 2.03% | 1.88% | 2.86% | -4.82% | 6.35% | -1.08% | 4.39% | 26.34% |
Benchmark Metrics
VALIC Company I Systematic Core Fund has an annualized alpha of -2.68%, beta of 0.98, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since March 07, 1997.
- This fund participated in 102.78% of S&P 500 Index downside but only 88.57% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.68% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.98 and R2 of 0.90, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.68%
- Beta
- 0.98
- R²
- 0.90
- Upside Capture
- 88.57%
- Downside Capture
- 102.78%
Expense Ratio
VCGAX has an expense ratio of 0.63%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VCGAX ranks 39 for risk / return — below 39% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VALIC Company I Systematic Core Fund (VCGAX) and compare them to S&P 500 Index.
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.
| VCGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.46 | -0.34 |
| Martin ratioReturn relative to average drawdown | 9.00 | 10.92 | -1.92 |
Dividends
Dividend History
VALIC Company I Systematic Core Fund provided a 6.44% dividend yield over the last twelve months, with an annual payout of $2.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.36 | $0.00 | $0.58 | $1.36 | $0.19 | $2.74 | $2.64 | $2.52 | $0.21 | $0.88 |
Dividend yield | 6.44% | 0.00% | 1.69% | 4.83% | 0.79% | 9.20% | 10.09% | 10.41% | 1.01% | 3.82% |
Monthly Dividends
The table displays the monthly dividend distributions for VALIC Company I Systematic Core Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $2.36 | $0.00 | $0.00 | $0.00 | $2.36 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 |
| 2023 | $0.00 | $0.00 | $1.36 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 |
| 2022 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
| 2021 | $0.00 | $0.00 | $2.74 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.74 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VALIC Company I Systematic Core Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VALIC Company I Systematic Core Fund was 71.37%, occurring on Mar 9, 2009. Recovery took 2208 trading sessions.
The current VALIC Company I Systematic Core Fund drawdown is 1.77%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -71.37%Mar 2009 | 9y 7mo | 8y 9mo | 18y 5moJul 1999 - Dec 2017 |
COVID crash2020 | -34.41%Mar 2020 | 1mo 2d | 4mo 13d | 5mo 15dFeb 2020 - Aug 2020 |
1998 bear market1998 | -29.97%Oct 1998 | 2mo 19d | 5mo 4d | 7mo 23dJul 1998 - Mar 1999 |
Bear market2022 | -24.90%Sep 2022 | 9mo 4d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
2025 selloff2025 | -22.35%Apr 2025 | 1mo 17d | 4mo 16d | 6mo 3dFeb 2025 - Aug 2025 |
Drawdown Indicators
| VCGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.37% | -56.78% | -14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -9.10% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.35% | -18.90% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -25.43% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -34.41% | -33.92% | -0.49% |
Current DrawdownCurrent decline from peak | -1.77% | -3.21% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -25.21% | -10.71% | -14.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.04% | +0.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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