FGINX vs. VCTFX

Last updated Jun 4, 2026

FGINX (Delaware Growth and Income Fund) and VCTFX (Delaware Tax-Free Colorado Fund) are both mutual funds - FGINX is a Large Cap Value Equities fund managed by Delaware Funds, while VCTFX is a Municipal Bonds fund managed by Delaware Funds. Over the past 10 years, FGINX returned 13.35%/yr vs 2.60%/yr for VCTFX. At a correlation of -0.04, they often move in opposite directions. FGINX charges 1.02%/yr vs 0.82%/yr for VCTFX.

Performance

FGINX vs. VCTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Growth and Income Fund (FGINX) and Delaware Tax-Free Colorado Fund (VCTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGINX achieves a 17.90% return, which is significantly higher than VCTFX's 2.62% return. Over the past 10 years, FGINX has outperformed VCTFX with an annualized return of 13.35%, while VCTFX has yielded a comparatively lower 2.60% annualized return.

FGINX

• 1D: 0.92%
• 1M: 7.14%
• YTD: 17.90%
• 6M: 22.44%
• 1Y: 44.31%
• 3Y*: 26.43%
• 5Y*: 16.27%
• 10Y*: 13.35%

VCTFX

• 1D: 0.29%
• 1M: 1.09%
• YTD: 2.62%
• 6M: 2.95%
• 1Y: 8.57%
• 3Y*: 4.89%
• 5Y*: 1.29%
• 10Y*: 2.60%

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

FGINX vs. VCTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGINX Delaware Growth and Income Fund	17.90%	29.78%	15.13%	11.98%	3.03%	21.37%	-0.08%	25.64%	-10.27%	18.08%
VCTFX Delaware Tax-Free Colorado Fund	2.62%	3.81%	4.13%	7.26%	-11.65%	3.27%	5.29%	7.98%	0.85%	6.52%

Correlation

The correlation between FGINX and VCTFX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Oct 5, 1993	-0.04

The correlation between FGINX and VCTFX shifts across timeframes, from -0.04 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FGINX vs. VCTFX — Risk / Return Rank

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

FGINX

FGINX Risk / Return Rank: 96
FGINX Sharpe Ratio Rank: 98
FGINX Sortino Ratio Rank: 96
FGINX Omega Ratio Rank: 94
FGINX Calmar Ratio Rank: 96
FGINX Martin Ratio Rank: 96

VCTFX

VCTFX Risk / Return Rank: 71
VCTFX Sharpe Ratio Rank: 79
VCTFX Sortino Ratio Rank: 86
VCTFX Omega Ratio Rank: 87
VCTFX Calmar Ratio Rank: 54
VCTFX Martin Ratio Rank: 49

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.

FGINX vs. VCTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Growth and Income Fund (FGINX) and Delaware Tax-Free Colorado Fund (VCTFX). 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.

	FGINX	VCTFX	Difference
Sharpe ratio Return per unit of total volatility	4.01	2.60	+1.41
Sortino ratio Return per unit of downside risk	5.51	4.12	+1.39
Omega ratio Gain probability vs. loss probability	1.72	1.62	+0.11
Calmar ratio Return relative to maximum drawdown	6.20	2.82	+3.38
Martin ratio Return relative to average drawdown	23.67	10.05	+13.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGINX vs. VCTFX - Sharpe Ratio Comparison

The current FGINX Sharpe Ratio is 4.01, which is higher than the VCTFX Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of FGINX and VCTFX, 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

	FGINX	VCTFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.01	2.60	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	0.26	+0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.58	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.16	-0.61

Drawdowns

FGINX vs. VCTFX - Drawdown Comparison

The maximum FGINX drawdown since its inception was -54.80%, which is greater than VCTFX's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for FGINX and VCTFX.

Drawdown Indicators

	FGINX	VCTFX	Difference
Max Drawdown Largest peak-to-trough decline	-54.80%	-15.98%	-38.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-3.06%	-4.28%
Max Drawdown (3Y) Largest decline over 3 years	-13.28%	-8.28%	-5.00%
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	-15.98%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	-37.37%	-15.98%	-21.39%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.70%	-1.96%	-7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	0.86%	+1.05%

Volatility

FGINX vs. VCTFX - Volatility Comparison

Delaware Growth and Income Fund (FGINX) has a higher volatility of 2.79% compared to Delaware Tax-Free Colorado Fund (VCTFX) at 1.29%. This indicates that FGINX's price experiences larger fluctuations and is considered to be riskier than VCTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGINX	VCTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	1.29%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	2.48%	+5.75%
Volatility (1Y) Calculated over the trailing 1-year period	11.36%	3.35%	+8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.88%	4.99%	+9.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	4.53%	+12.51%

FGINX vs. VCTFX - Expense Ratio Comparison

FGINX has a 1.02% expense ratio, which is higher than VCTFX's 0.82% expense ratio.

Dividends

FGINX vs. VCTFX - Dividend Comparison

FGINX's dividend yield for the trailing twelve months is around 9.64%, more than VCTFX's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGINX Delaware Growth and Income Fund	9.64%	11.28%	12.40%	7.11%	7.04%	11.97%	6.59%	51.75%	25.36%	5.13%	4.12%	5.66%
VCTFX Delaware Tax-Free Colorado Fund	3.62%	4.75%	4.05%	3.08%	3.19%	2.43%	3.15%	4.13%	3.65%	4.31%	3.62%	3.55%

Frequently Asked Questions

Can I hold both FGINX and VCTFX in my portfolio?

FGINX and VCTFX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGINX or VCTFX?

FGINX has higher volatility (2.79%) compared to VCTFX (1.29%). In terms of maximum drawdown, FGINX dropped -54.80% vs VCTFX's -15.98%.

Which has better risk-adjusted returns?

FGINX currently has the higher Sharpe Ratio (4.01 vs 2.60), 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.