- ISIN
- US91915R8631
- Issuer
- VALIC
- Inception Date
- May 1, 1992
- Category
- Small Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
VCSLX Performance Chart
VALIC Company I Small Cap Index Fund (VCSLX) is up 20.4% since the beginning of the year. VCSLX is currently trading at $20 per share. Investors who bought $1,000 worth of VCSLX shares 5 years ago would now be looking at an investment worth $1,333.
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Returns By Period
VALIC Company I Small Cap Index Fund (VCSLX) has returned 20.43% so far this year and 42.47% over the past 12 months. Over the last ten years, VCSLX has returned 9.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
VALIC Company I Small Cap Index Fund
- 1D
- 2.14%
- 1M
- 3.95%
- YTD
- 20.43%
- 6M
- 16.84%
- 1Y
- 42.47%
- 3Y*
- 15.96%
- 5Y*
- 5.92%
- 10Y*
- 9.95%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VCSLX Monthly Returns History
Based on dividend-adjusted daily data since Dec 27, 1995, VCSLX's average daily return is +0.03%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +18.4%, while the worst month was Oct 2008 at -21.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VCSLX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.4%, while the worst single day was Mar 16, 2020 at -14.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.29% | 0.81% | -5.13% | 12.19% | 4.37% | 2.14% | 20.43% | ||||||
| 2025 | 2.56% | -5.34% | -11.16% | -2.40% | 5.21% | 5.36% | 1.76% | 7.05% | 3.11% | 1.80% | 0.91% | -0.62% | 7.00% |
| 2024 | -3.88% | 5.63% | 3.54% | -7.08% | 4.99% | -0.99% | 10.13% | -1.51% | 0.68% | -1.47% | 10.97% | -8.26% | 11.22% |
| 2023 | 9.66% | -1.71% | -5.12% | -1.90% | -0.93% | 8.03% | 6.14% | -5.03% | -5.95% | -6.85% | 9.08% | 12.14% | 15.99% |
| 2022 | -9.64% | 1.00% | 1.58% | -9.90% | 0.12% | -8.27% | 10.39% | -2.04% | -9.61% | 10.95% | 2.25% | -6.44% | -20.41% |
| 2021 | 4.98% | 6.21% | 1.11% | 2.05% | 0.17% | 1.87% | -3.60% | 2.21% | -2.97% | 4.24% | -4.19% | 2.19% | 14.55% |
Benchmark Metrics
VALIC Company I Small Cap Index Fund has an annualized alpha of -3.82%, beta of 1.06, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since December 27, 1995.
- This fund participated in 117.37% of S&P 500 Index downside but only 98.18% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.82% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.06 and R2 of 0.71, 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
- -3.82%
- Beta
- 1.06
- R²
- 0.71
- Upside Capture
- 98.18%
- Downside Capture
- 117.37%
Expense Ratio
VCSLX has an expense ratio of 0.36%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VCSLX ranks 67 for risk / return — better than 67% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VALIC Company I Small Cap Index Fund (VCSLX) 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.
| VCSLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 2.78 | +1.01 |
| Martin ratioReturn relative to average drawdown | 13.43 | 12.44 | +0.99 |
Dividends
Dividend History
VALIC Company I Small Cap Index Fund provided a 5.08% dividend yield over the last twelve months, with an annual payout of $1.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.02 | $0.00 | $0.19 | $3.97 | $2.21 | $1.26 | $2.86 | $2.02 | $0.22 | $1.32 |
Dividend yield | 5.08% | 0.00% | 1.17% | 26.50% | 13.32% | 5.39% | 13.29% | 9.37% | 1.18% | 5.80% |
Monthly Dividends
The table displays the monthly dividend distributions for VALIC Company I Small Cap Index 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 | $1.02 | $0.00 | $0.00 | $0.00 | $1.02 | ||||||
| 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 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
| 2023 | $0.00 | $0.00 | $3.97 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.97 |
| 2022 | $0.00 | $0.00 | $2.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.21 |
| 2021 | $0.00 | $0.00 | $1.26 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.26 |
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 Small Cap Index 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 Small Cap Index Fund was 67.69%, occurring on Mar 9, 2009. Recovery took 1141 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -67.69%Mar 2009 | 11y 4mo | 4y 6mo | 15y 11moOct 1997 - Sep 2013 |
COVID crash2020 | -41.78%Mar 2020 | 1y 6mo | 7mo 26d | 2y 2moSep 2018 - Nov 2020 |
2016 bear market2016 | -32.05%Feb 2016 | 1y 1mo | 1y 18d | 2y 2moDec 2014 - Mar 2017 |
Bear market2022 | -31.83%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
2025 selloff2025 | -30.96%Apr 2025 | 4mo 13d | 8mo 6d | 1y 14dNov 2024 - Dec 2025 |
Drawdown Indicators
| VCSLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.69% | -56.78% | -10.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -9.10% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -18.90% | -12.06% |
Max Drawdown (5Y)Largest decline over 5 years | -31.83% | -25.43% | -6.40% |
Max Drawdown (10Y)Largest decline over 10 years | -41.78% | -33.92% | -7.86% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -18.34% | -10.71% | -7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.03% | +1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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