ASCGX vs. VSGAX

Last updated Jun 23, 2026

ASCGX (Lisanti Small Cap Growth Fund) and VSGAX (Vanguard Small-Cap Growth Index Fund Admiral Shares) are both Small Cap Growth Equities funds. Over the past 10 years, ASCGX returned 13.78%/yr vs 11.89%/yr for VSGAX. Their correlation of 0.94 suggests significant overlap in exposure. ASCGX charges 1.35%/yr vs 0.07%/yr for VSGAX.

Performance

ASCGX vs. VSGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lisanti Small Cap Growth Fund (ASCGX) and Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASCGX achieves a 27.42% return, which is significantly higher than VSGAX's 18.37% return. Over the past 10 years, ASCGX has outperformed VSGAX with an annualized return of 13.78%, while VSGAX has yielded a comparatively lower 11.89% annualized return.

ASCGX

• 1D: 3.05%
• 1M: 7.11%
• YTD: 27.42%
• 6M: 22.23%
• 1Y: 51.27%
• 3Y*: 20.74%
• 5Y*: 4.27%
• 10Y*: 13.78%

VSGAX

• 1D: 1.99%
• 1M: 2.79%
• YTD: 18.37%
• 6M: 14.66%
• 1Y: 32.89%
• 3Y*: 16.98%
• 5Y*: 5.57%
• 10Y*: 11.89%

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

ASCGX vs. VSGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASCGX Lisanti Small Cap Growth Fund	27.42%	9.80%	27.71%	4.36%	-37.35%	10.35%	52.78%	25.62%	-1.96%	28.28%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	18.37%	8.44%	14.94%	23.04%	-28.39%	5.70%	35.26%	32.76%	-5.69%	21.92%

Correlation

The correlation between ASCGX and VSGAX 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	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 27, 2011	0.94

The correlation between ASCGX and VSGAX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

ASCGX vs. VSGAX — Risk / Return Rank

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

ASCGX

ASCGX Risk / Return Rank: 60
ASCGX Sharpe Ratio Rank: 50
ASCGX Sortino Ratio Rank: 41
ASCGX Omega Ratio Rank: 42
ASCGX Calmar Ratio Rank: 85
ASCGX Martin Ratio Rank: 83

VSGAX

VSGAX Risk / Return Rank: 44
VSGAX Sharpe Ratio Rank: 36
VSGAX Sortino Ratio Rank: 34
VSGAX Omega Ratio Rank: 32
VSGAX Calmar Ratio Rank: 62
VSGAX 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.

ASCGX vs. VSGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lisanti Small Cap Growth Fund (ASCGX) and Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX). 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.

	ASCGX	VSGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.63	+0.31
Sortino ratio: Return per unit of downside risk	2.50	2.26	+0.24
Omega ratio: Gain probability vs. loss probability	1.32	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	3.84	2.90	+0.94
Martin ratio: Return relative to average drawdown	14.40	10.83	+3.57

ASCGX vs. VSGAX - Sharpe Ratio Comparison

The current ASCGX Sharpe Ratio is 1.93, which is comparable to the VSGAX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of ASCGX and VSGAX, 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

ASCGX vs. VSGAX - Drawdown Comparison

The maximum ASCGX drawdown since its inception was -59.31%, which is greater than VSGAX's maximum drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for ASCGX and VSGAX.

Drawdown Indicators

	ASCGX	VSGAX	Difference
Max Drawdown Largest peak-to-trough decline	-59.31%	-38.70%	-20.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.24%	-11.37%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-32.25%	-27.47%	-4.78%
Max Drawdown (5Y) Largest decline over 5 years	-50.73%	-38.36%	-12.37%
Max Drawdown (10Y) Largest decline over 10 years	-50.73%	-38.70%	-12.03%
Current Drawdown Current decline from peak	0.00%	-0.31%	+0.31%
Average Drawdown Average peak-to-trough decline	-15.87%	-8.53%	-7.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	3.04%	+0.48%

Volatility

ASCGX vs. VSGAX - Volatility Comparison

Lisanti Small Cap Growth Fund (ASCGX) has a higher volatility of 9.09% compared to Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) at 7.28%. This indicates that ASCGX's price experiences larger fluctuations and is considered to be riskier than VSGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASCGX	VSGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.09%	7.28%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	20.11%	15.86%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	26.29%	20.28%	+6.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.31%	23.70%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.73%	23.07%	+2.66%

ASCGX vs. VSGAX - Expense Ratio Comparison

ASCGX has a 1.35% expense ratio, which is higher than VSGAX's 0.07% expense ratio.

Dividends

ASCGX vs. VSGAX - Dividend Comparison

ASCGX has not paid dividends to shareholders, while VSGAX's dividend yield for the trailing twelve months is around 0.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASCGX Lisanti Small Cap Growth Fund	0.00%	1.14%	0.00%	0.00%	2.72%	30.62%	7.05%	2.20%	4.36%	26.72%	1.67%	5.31%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	0.44%	0.54%	0.54%	0.67%	0.55%	0.36%	0.44%	0.57%	0.79%	0.81%	1.08%	0.98%

Frequently Asked Questions

Can I hold both ASCGX and VSGAX in my portfolio?

With a correlation of 0.92, ASCGX and VSGAX 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, ASCGX or VSGAX?

ASCGX has higher volatility (9.09%) compared to VSGAX (7.28%). In terms of maximum drawdown, ASCGX dropped -59.31% vs VSGAX's -38.70%.

Which has better risk-adjusted returns?

ASCGX currently has the higher Sharpe Ratio (1.93 vs 1.63), 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.