- ISIN
- US91915R6734
- Issuer
- VALIC
- Inception Date
- Dec 4, 2005
- Category
- Emerging Markets Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
VCGEX Performance Chart
VALIC Company I Emerging Economies Fund (VCGEX) is up 16.7% since the beginning of the year. VCGEX is currently trading at $9 per share. Investors who bought $1,000 worth of VCGEX shares 5 years ago would now be looking at an investment worth $1,323.
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Compare this symbol against anything
Returns By Period
VALIC Company I Emerging Economies Fund (VCGEX) has returned 16.65% so far this year and 33.15% over the past 12 months. Over the last ten years, VCGEX has returned 8.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
VALIC Company I Emerging Economies Fund
- 1D
- 3.28%
- 1M
- -4.90%
- 6M
- 6.52%
- YTD
- 16.65%
- 1Y
- 33.15%
- 3Y*
- 16.97%
- 5Y*
- 5.75%
- 10Y*
- 8.16%
- ALL TIME*
- 1.95%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
VCGEX Monthly Returns History
Based on dividend-adjusted daily data since Dec 7, 2005, VCGEX's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2022 with a return of +14.8%, while the worst month was Oct 2008 at -22.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 9 months.
On a daily basis, VCGEX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +13.9%, while the worst single day was Dec 22, 2008 at -14.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.51% | 5.26% | -10.77% | 13.42% | 9.31% | -0.50% | -8.06% | 16.65% | |||||
| 2025 | 0.94% | 0.47% | -2.32% | -0.00% | 4.75% | 5.75% | 1.86% | 1.69% | 5.94% | 3.91% | -2.26% | 2.57% | 25.43% |
| 2024 | -2.74% | 6.15% | 2.33% | 0.66% | 0.99% | 3.58% | 0.16% | 1.73% | 6.17% | -4.36% | -2.74% | -0.47% | 11.43% |
| 2023 | 9.11% | -6.44% | 3.02% | -0.36% | -2.37% | 5.61% | 5.49% | -6.38% | -1.97% | -3.29% | 6.62% | 3.72% | 11.86% |
| 2022 | -0.80% | -6.69% | -1.78% | -7.10% | 2.55% | -8.97% | -0.61% | -1.68% | -11.47% | -0.88% | 14.84% | -3.69% | -25.21% |
| 2021 | 3.30% | 3.10% | -0.39% | 2.88% | 0.28% | 0.84% | -5.44% | 3.02% | -5.68% | 1.60% | -5.33% | 3.75% | 1.20% |
Benchmark Metrics
VALIC Company I Emerging Economies Fund has an annualized alpha of -4.92%, beta of 0.86, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since December 07, 2005.
- This fund participated in 110.37% of S&P 500 Index downside but only 78.70% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -4.92% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.86 and R2 of 0.64, 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
- -4.92%
- Beta
- 0.86
- R²
- 0.64
- Upside Capture
- 78.70%
- Downside Capture
- 110.37%
Expense Ratio
VCGEX has a high expense ratio of 0.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
VCGEX ranks 48 for risk / return — above 48% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for VALIC Company I Emerging Economies Fund (VCGEX) 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.
| VCGEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.00 | +0.14 |
| Martin ratioReturn relative to average drawdown | 6.89 | 8.49 | -1.60 |
Dividends
Dividend History
VALIC Company I Emerging Economies Fund provided a 1.91% dividend yield over the last twelve months, with an annual payout of $0.17 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.00 | $0.14 | $1.09 | $1.37 | $0.18 | $0.20 | $0.14 | $0.13 | $0.11 |
Dividend yield | 1.91% | 0.00% | 2.20% | 18.56% | 21.86% | 1.78% | 2.01% | 1.59% | 1.78% | 1.17% |
Monthly Dividends
The table displays the monthly dividend distributions for VALIC Company I Emerging Economies 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 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | |||||
| 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 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
| 2023 | $0.00 | $0.00 | $1.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 |
| 2022 | $0.00 | $0.00 | $1.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.37 |
| 2021 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 |
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 Emerging Economies 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 Emerging Economies Fund was 70.06%, occurring on Mar 9, 2009. Recovery took 4266 trading sessions.
The current VALIC Company I Emerging Economies Fund drawdown is 11.19%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-70.06%Mar 2009 | 1y 4mo | 16y 11mo | 18y 4moOct 2007 - Feb 2026 | Financial crisis2007–2009 |
-14.01%Jul 2026 | 1mo 6d | — | 1mo 11dJun 2026 - now | — |
-13.95%Jun 2006 | 1mo 3d | 4mo 12d | 5mo 15dMay 2006 - Oct 2006 | — |
-13.44%Aug 2007 | 1mo | 1mo 24d | 2mo 24dJul 2007 - Oct 2007 | — |
-12.80%Mar 2026 | 1mo 2d | 25d | 1mo 27dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| VCGEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.06% | -56.78% | -13.28% |
Max Drawdown (1Y)Largest decline over 1 year | -14.01% | -9.10% | -4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.43% | -18.90% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -37.29% | -25.43% | -11.86% |
Max Drawdown (10Y)Largest decline over 10 years | -39.81% | -33.92% | -5.89% |
Current DrawdownCurrent decline from peak | -11.19% | -1.58% | -9.61% |
Average DrawdownAverage peak-to-trough decline | -36.21% | -10.70% | -25.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 2.14% | +2.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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