BMCAX vs. VIGAX

Last updated Jun 23, 2026

BMCAX (BlackRock Advantage Large Cap Growth Fund) and VIGAX (Vanguard Growth Index Fund Admiral Shares) are both Large Cap Growth Equities funds. Over the past 10 years, BMCAX returned 17.86%/yr vs 18.13%/yr for VIGAX. Their correlation of 0.92 suggests significant overlap in exposure. BMCAX charges 0.87%/yr vs 0.05%/yr for VIGAX.

Performance

BMCAX vs. VIGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Growth Fund (BMCAX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMCAX achieves a 11.13% return, which is significantly higher than VIGAX's 7.19% return. Both investments have delivered pretty close results over the past 10 years, with BMCAX having a 17.86% annualized return and VIGAX not far ahead at 18.13%.

BMCAX

• 1D: 1.45%
• 1M: 0.75%
• YTD: 11.13%
• 6M: 10.42%
• 1Y: 32.32%
• 3Y*: 25.66%
• 5Y*: 14.94%
• 10Y*: 17.86%

VIGAX

• 1D: 1.71%
• 1M: -0.56%
• YTD: 7.19%
• 6M: 6.57%
• 1Y: 25.66%
• 3Y*: 23.75%
• 5Y*: 14.14%
• 10Y*: 18.13%

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

BMCAX vs. VIGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMCAX BlackRock Advantage Large Cap Growth Fund	11.13%	21.40%	32.28%	39.38%	-30.37%	26.61%	31.89%	33.39%	-2.87%	22.57%
VIGAX Vanguard Growth Index Fund Admiral Shares	7.19%	19.43%	32.67%	46.76%	-33.14%	27.26%	40.18%	37.23%	-3.35%	27.80%

Correlation

The correlation between BMCAX and VIGAX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Nov 13, 2000	0.92

The correlation between BMCAX and VIGAX has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.

Return for Risk

BMCAX vs. VIGAX — Risk / Return Rank

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

BMCAX

BMCAX Risk / Return Rank: 41
BMCAX Sharpe Ratio Rank: 50
BMCAX Sortino Ratio Rank: 43
BMCAX Omega Ratio Rank: 44
BMCAX Calmar Ratio Rank: 36
BMCAX Martin Ratio Rank: 35

VIGAX

VIGAX Risk / Return Rank: 26
VIGAX Sharpe Ratio Rank: 31
VIGAX Sortino Ratio Rank: 28
VIGAX Omega Ratio Rank: 29
VIGAX Calmar Ratio Rank: 20
VIGAX Martin Ratio Rank: 23

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.

BMCAX vs. VIGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Growth Fund (BMCAX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). 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.

	BMCAX	VIGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.50	+0.41
Sortino ratio: Return per unit of downside risk	2.54	2.05	+0.49
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	2.16	1.52	+0.64
Martin ratio: Return relative to average drawdown	7.30	5.24	+2.06

BMCAX vs. VIGAX - Sharpe Ratio Comparison

The current BMCAX Sharpe Ratio is 1.91, which is comparable to the VIGAX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of BMCAX and VIGAX, 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

BMCAX vs. VIGAX - Drawdown Comparison

The maximum BMCAX drawdown since its inception was -58.55%, which is greater than VIGAX's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for BMCAX and VIGAX.

Drawdown Indicators

	BMCAX	VIGAX	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-50.66%	-7.89%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-16.51%	+1.80%
Max Drawdown (3Y) Largest decline over 3 years	-23.29%	-23.04%	-0.25%
Max Drawdown (5Y) Largest decline over 5 years	-33.84%	-35.63%	+1.79%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	-35.63%	+1.79%
Current Drawdown Current decline from peak	-2.58%	-3.55%	+0.97%
Average Drawdown Average peak-to-trough decline	-9.42%	-11.94%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	4.79%	-0.45%

Volatility

BMCAX vs. VIGAX - Volatility Comparison

BlackRock Advantage Large Cap Growth Fund (BMCAX) and Vanguard Growth Index Fund Admiral Shares (VIGAX) have volatilities of 6.26% and 6.58%, 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

	BMCAX	VIGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	6.58%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	13.02%	13.43%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.62%	16.81%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	22.48%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.18%	21.66%	-0.48%

BMCAX vs. VIGAX - Expense Ratio Comparison

BMCAX has a 0.87% expense ratio, which is higher than VIGAX's 0.05% expense ratio.

Dividends

BMCAX vs. VIGAX - Dividend Comparison

BMCAX's dividend yield for the trailing twelve months is around 6.24%, more than VIGAX's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMCAX BlackRock Advantage Large Cap Growth Fund	6.24%	6.94%	22.50%	0.79%	0.19%	14.39%	5.68%	4.12%	9.77%	6.04%	0.56%	7.42%
VIGAX Vanguard Growth Index Fund Admiral Shares	0.37%	0.40%	0.46%	0.57%	0.69%	0.47%	0.66%	0.94%	1.31%	1.14%	1.39%	1.31%

Frequently Asked Questions

Can I hold both BMCAX and VIGAX in my portfolio?

With a correlation of 0.98, BMCAX and VIGAX 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, BMCAX or VIGAX?

VIGAX has higher volatility (6.58%) compared to BMCAX (6.26%). In terms of maximum drawdown, BMCAX dropped -58.55% vs VIGAX's -50.66%.

Which has better risk-adjusted returns?

BMCAX currently has the higher Sharpe Ratio (1.91 vs 1.50), 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.