AGRFX vs. VFIAX

Last updated Jun 3, 2026

AGRFX (AB Growth Fund) and VFIAX (Vanguard 500 Index Fund Admiral Shares) are both mutual funds - AGRFX is a Large Cap Growth Equities fund managed by AllianceBernstein, while VFIAX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, AGRFX returned 16.70%/yr vs 15.61%/yr for VFIAX. Their correlation of 0.92 suggests significant overlap in exposure. AGRFX charges 1.12%/yr vs 0.04%/yr for VFIAX.

Performance

AGRFX vs. VFIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Growth Fund (AGRFX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGRFX achieves a 8.48% return, which is significantly lower than VFIAX's 11.54% return. Over the past 10 years, AGRFX has outperformed VFIAX with an annualized return of 16.70%, while VFIAX has yielded a comparatively lower 15.61% annualized return.

AGRFX

• 1D: 0.41%
• 1M: 4.39%
• YTD: 8.48%
• 6M: 7.31%
• 1Y: 19.52%
• 3Y*: 21.74%
• 5Y*: 12.07%
• 10Y*: 16.70%

VFIAX

• 1D: 0.27%
• 1M: 5.23%
• YTD: 11.54%
• 6M: 11.91%
• 1Y: 29.53%
• 3Y*: 22.66%
• 5Y*: 14.13%
• 10Y*: 15.61%

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

AGRFX vs. VFIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGRFX AB Growth Fund	8.48%	10.84%	31.50%	37.95%	-29.65%	21.40%	35.97%	31.11%	3.75%	33.88%
VFIAX Vanguard 500 Index Fund Admiral Shares	11.54%	17.83%	24.97%	26.24%	-18.16%	28.65%	18.32%	31.46%	-4.45%	21.78%

Correlation

The correlation between AGRFX and VFIAX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 14, 2000	0.92

The correlation between AGRFX and VFIAX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

AGRFX vs. VFIAX — Risk / Return Rank

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

AGRFX

AGRFX Risk / Return Rank: 17
AGRFX Sharpe Ratio Rank: 20
AGRFX Sortino Ratio Rank: 18
AGRFX Omega Ratio Rank: 19
AGRFX Calmar Ratio Rank: 13
AGRFX Martin Ratio Rank: 16

VFIAX

VFIAX Risk / Return Rank: 74
VFIAX Sharpe Ratio Rank: 77
VFIAX Sortino Ratio Rank: 69
VFIAX Omega Ratio Rank: 69
VFIAX Calmar Ratio Rank: 74
VFIAX Martin Ratio Rank: 84

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.

AGRFX vs. VFIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Growth Fund (AGRFX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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.

	AGRFX	VFIAX	Difference
Sharpe ratio Return per unit of total volatility	1.32	2.55	-1.23
Sortino ratio Return per unit of downside risk	1.85	3.46	-1.61
Omega ratio Gain probability vs. loss probability	1.24	1.46	-0.23
Calmar ratio Return relative to maximum drawdown	1.29	3.38	-2.09
Martin ratio Return relative to average drawdown	4.61	15.82	-11.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGRFX vs. VFIAX - Sharpe Ratio Comparison

The current AGRFX Sharpe Ratio is 1.32, which is lower than the VFIAX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of AGRFX and VFIAX, 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

	AGRFX	VFIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	2.55	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.84	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.87	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.47	+0.12

Drawdowns

AGRFX vs. VFIAX - Drawdown Comparison

The maximum AGRFX drawdown since its inception was -61.88%, which is greater than VFIAX's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for AGRFX and VFIAX.

Drawdown Indicators

	AGRFX	VFIAX	Difference
Max Drawdown Largest peak-to-trough decline	-61.88%	-55.20%	-6.68%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	-8.90%	-7.02%
Max Drawdown (3Y) Largest decline over 3 years	-22.08%	-18.75%	-3.33%
Max Drawdown (5Y) Largest decline over 5 years	-35.21%	-24.53%	-10.68%
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	-33.83%	-1.38%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-15.76%	-9.40%	-6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	1.90%	+2.55%

Volatility

AGRFX vs. VFIAX - Volatility Comparison

AB Growth Fund (AGRFX) has a higher volatility of 3.30% compared to Vanguard 500 Index Fund Admiral Shares (VFIAX) at 2.82%. This indicates that AGRFX's price experiences larger fluctuations and is considered to be riskier than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGRFX	VFIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	2.82%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	11.90%	8.99%	+2.91%
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	11.88%	+3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.84%	16.90%	+3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.46%	18.07%	+2.39%

AGRFX vs. VFIAX - Expense Ratio Comparison

AGRFX has a 1.12% expense ratio, which is higher than VFIAX's 0.04% expense ratio.

Dividends

AGRFX vs. VFIAX - Dividend Comparison

AGRFX's dividend yield for the trailing twelve months is around 15.10%, more than VFIAX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGRFX AB Growth Fund	15.10%	16.37%	21.03%	7.20%	1.69%	9.79%	5.79%	7.80%	16.01%	9.33%	1.03%	9.76%
VFIAX Vanguard 500 Index Fund Admiral Shares	1.01%	1.12%	1.24%	1.45%	1.68%	1.24%	1.53%	1.87%	2.05%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both AGRFX and VFIAX in my portfolio?

With a correlation of 0.92, AGRFX and VFIAX 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, AGRFX or VFIAX?

AGRFX has higher volatility (3.30%) compared to VFIAX (2.82%). In terms of maximum drawdown, AGRFX dropped -61.88% vs VFIAX's -55.20%.

Which has better risk-adjusted returns?

VFIAX currently has the higher Sharpe Ratio (2.55 vs 1.32), 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.