ALFAX vs. VSGIX

Last updated Jun 24, 2026

ALFAX (Lord Abbett Alpha Strategy Fund) and VSGIX (Vanguard Small-Cap Growth Index Fund Institutional Shares) are both Small Cap Growth Equities funds. Over the past 10 years, ALFAX returned 11.33%/yr vs 12.21%/yr for VSGIX. Their correlation of 0.95 suggests significant overlap in exposure. ALFAX charges 1.40%/yr vs 0.06%/yr for VSGIX.

Performance

ALFAX vs. VSGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Alpha Strategy Fund (ALFAX) and Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALFAX achieves a 22.34% return, which is significantly higher than VSGIX's 18.75% return. Over the past 10 years, ALFAX has underperformed VSGIX with an annualized return of 11.33%, while VSGIX has yielded a comparatively higher 12.21% annualized return.

ALFAX

• 1D: 0.70%
• 1M: 4.98%
• YTD: 22.34%
• 6M: 19.97%
• 1Y: 35.19%
• 3Y*: 17.23%
• 5Y*: 5.91%
• 10Y*: 11.33%

VSGIX

• 1D: 0.31%
• 1M: 3.11%
• YTD: 18.75%
• 6M: 15.73%
• 1Y: 32.50%
• 3Y*: 18.22%
• 5Y*: 5.13%
• 10Y*: 12.21%

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

ALFAX vs. VSGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALFAX Lord Abbett Alpha Strategy Fund	22.34%	8.80%	13.18%	13.92%	-23.50%	15.01%	26.16%	24.95%	-9.72%	20.61%
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares	18.75%	8.44%	14.95%	23.07%	-28.39%	5.70%	35.29%	32.77%	-5.70%	21.94%

Correlation

The correlation between ALFAX and VSGIX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since May 24, 2000	0.95

The correlation between ALFAX and VSGIX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

ALFAX vs. VSGIX — Risk / Return Rank

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

ALFAX

ALFAX Risk / Return Rank: 65
ALFAX Sharpe Ratio Rank: 59
ALFAX Sortino Ratio Rank: 57
ALFAX Omega Ratio Rank: 52
ALFAX Calmar Ratio Rank: 82
ALFAX Martin Ratio Rank: 78

VSGIX

VSGIX Risk / Return Rank: 45
VSGIX Sharpe Ratio Rank: 38
VSGIX Sortino Ratio Rank: 35
VSGIX Omega Ratio Rank: 32
VSGIX Calmar Ratio Rank: 64
VSGIX Martin Ratio Rank: 58

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.

ALFAX vs. VSGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Alpha Strategy Fund (ALFAX) and Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX). 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.

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.

	ALFAX	VSGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.65	+0.43
Sortino ratio: Return per unit of downside risk	2.89	2.29	+0.61
Omega ratio: Gain probability vs. loss probability	1.36	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	3.58	2.94	+0.64
Martin ratio: Return relative to average drawdown	13.63	11.01	+2.62

ALFAX vs. VSGIX - Sharpe Ratio Comparison

The current ALFAX Sharpe Ratio is 2.08, which is comparable to the VSGIX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of ALFAX and VSGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALFAX vs. VSGIX - Drawdown Comparison

The maximum ALFAX drawdown since its inception was -57.11%, roughly equal to the maximum VSGIX drawdown of -58.66%. Use the drawdown chart below to compare losses from any high point for ALFAX and VSGIX.

Drawdown Indicators

	ALFAX	VSGIX	Difference
Max Drawdown Largest peak-to-trough decline	-57.11%	-58.66%	+1.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-11.38%	+1.07%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-27.47%	+2.46%
Max Drawdown (5Y) Largest decline over 5 years	-33.88%	-38.36%	+4.48%
Max Drawdown (10Y) Largest decline over 10 years	-40.29%	-38.70%	-1.59%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-12.85%	-11.32%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	3.04%	-0.34%

Volatility

ALFAX vs. VSGIX - Volatility Comparison

Lord Abbett Alpha Strategy Fund (ALFAX) and Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) have volatilities of 6.76% and 6.94%, 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.

Volatility by Period

	ALFAX	VSGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	6.94%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	14.12%	15.80%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	17.81%	20.32%	-2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	23.70%	-3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.79%	23.06%	-2.27%

ALFAX vs. VSGIX - Expense Ratio Comparison

ALFAX has a 1.40% expense ratio, which is higher than VSGIX's 0.06% expense ratio.

Dividends

ALFAX vs. VSGIX - Dividend Comparison

ALFAX's dividend yield for the trailing twelve months is around 4.34%, more than VSGIX's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALFAX Lord Abbett Alpha Strategy Fund	4.34%	5.30%	0.80%	0.46%	6.94%	5.38%	7.99%	14.66%	16.61%	11.96%	11.85%	15.83%
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares	0.45%	0.55%	0.55%	0.68%	0.56%	0.37%	0.45%	0.58%	0.80%	0.82%	1.09%	0.98%

Frequently Asked Questions

Can I hold both ALFAX and VSGIX in my portfolio?

With a correlation of 0.94, ALFAX and VSGIX 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, ALFAX or VSGIX?

VSGIX has higher volatility (6.94%) compared to ALFAX (6.76%). In terms of maximum drawdown, ALFAX dropped -57.11% vs VSGIX's -58.66%.

Which has better risk-adjusted returns?

ALFAX currently has the higher Sharpe Ratio (2.08 vs 1.65), 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.