MFOCX vs. VIGAX

Last updated Jul 17, 2026

MFOCX (Marsico Focus Fund) and VIGAX (Vanguard Growth Index Fund Admiral Shares) are both Large Cap Growth Equities funds. Over the past 10 years, MFOCX returned 18.37%/yr vs 17.81%/yr for VIGAX. Their correlation of 0.94 suggests significant overlap in exposure. MFOCX charges 1.34%/yr vs 0.05%/yr for VIGAX.

Performance

MFOCX vs. VIGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Marsico Focus Fund (MFOCX) 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, MFOCX achieves a 9.14% return, which is significantly higher than VIGAX's 8.16% return. Both investments have delivered pretty close results over the past 10 years, with MFOCX having a 18.37% annualized return and VIGAX not far behind at 17.81%.

MFOCX

• 1D: 0.72%
• 1M: -0.03%
• 6M: 7.64%
• YTD: 9.14%
• 1Y: 12.67%
• 3Y*: 25.21%
• 5Y*: 13.42%
• 10Y*: 18.37%

VIGAX

• 1D: 0.95%
• 1M: 1.22%
• 6M: 8.69%
• YTD: 8.16%
• 1Y: 18.72%
• 3Y*: 22.71%
• 5Y*: 13.27%
• 10Y*: 17.81%

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

MFOCX vs. VIGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFOCX Marsico Focus Fund	9.14%	12.47%	49.61%	45.25%	-33.36%	20.23%	47.52%	32.33%	0.23%	34.20%
VIGAX Vanguard Growth Index Fund Admiral Shares	8.16%	19.43%	32.67%	46.76%	-33.14%	27.26%	40.18%	37.23%	-3.35%	27.80%

Correlation

The correlation between MFOCX and VIGAX 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	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 13, 2000	0.94

The correlation between MFOCX and VIGAX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

MFOCX vs. VIGAX — Risk / Return Rank

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

MFOCX

MFOCX Risk / Return Rank: 15
MFOCX Sharpe Ratio Rank: 12
MFOCX Sortino Ratio Rank: 13
MFOCX Omega Ratio Rank: 12
MFOCX Calmar Ratio Rank: 19
MFOCX Martin Ratio Rank: 21

VIGAX

VIGAX Risk / Return Rank: 23
VIGAX Sharpe Ratio Rank: 26
VIGAX Sortino Ratio Rank: 25
VIGAX Omega Ratio Rank: 25
VIGAX Calmar Ratio Rank: 18
VIGAX Martin Ratio Rank: 20

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.

MFOCX vs. VIGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marsico Focus Fund (MFOCX) 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.

	MFOCX	VIGAX	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.11	-0.41
Sortino ratio: Return per unit of downside risk	1.09	1.58	-0.49
Omega ratio: Gain probability vs. loss probability	1.13	1.20	-0.07
Calmar ratio: Return relative to maximum drawdown	1.19	1.16	+0.03
Martin ratio: Return relative to average drawdown	4.02	3.83	+0.19

MFOCX vs. VIGAX - Sharpe Ratio Comparison

The current MFOCX Sharpe Ratio is 0.70, which is lower than the VIGAX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of MFOCX 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

MFOCX vs. VIGAX - Drawdown Comparison

The maximum MFOCX drawdown since its inception was -54.96%, which is greater than VIGAX's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for MFOCX and VIGAX.

Drawdown Indicators

	MFOCX	VIGAX	Difference
Max Drawdown Largest peak-to-trough decline	-54.96%	-50.66%	-4.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-16.51%	+6.07%
Max Drawdown (3Y) Largest decline over 3 years	-23.56%	-23.04%	-0.52%
Max Drawdown (5Y) Largest decline over 5 years	-36.76%	-35.63%	-1.13%
Max Drawdown (10Y) Largest decline over 10 years	-36.76%	-35.63%	-1.13%
Current Drawdown Current decline from peak	-2.11%	-2.68%	+0.57%
Average Drawdown Average peak-to-trough decline	-14.86%	-11.92%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	4.98%	-1.91%

Volatility

MFOCX vs. VIGAX - Volatility Comparison

The current volatility for Marsico Focus Fund (MFOCX) is 5.55%, while Vanguard Growth Index Fund Admiral Shares (VIGAX) has a volatility of 6.11%. This indicates that MFOCX experiences smaller price fluctuations and is considered to be less risky than VIGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFOCX	VIGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	6.11%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	13.77%	13.91%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	17.22%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	22.57%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.08%	21.65%	+0.43%

MFOCX vs. VIGAX - Expense Ratio Comparison

MFOCX has a 1.34% expense ratio, which is higher than VIGAX's 0.05% expense ratio.

Dividends

MFOCX vs. VIGAX - Dividend Comparison

MFOCX's dividend yield for the trailing twelve months is around 16.31%, more than VIGAX's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFOCX Marsico Focus Fund	16.31%	17.81%	11.96%	2.18%	18.06%	11.66%	8.36%	7.90%	11.58%	18.67%	0.00%	24.61%
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 MFOCX and VIGAX in my portfolio?

With a correlation of 0.92, MFOCX 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, MFOCX or VIGAX?

VIGAX has higher volatility (6.11%) compared to MFOCX (5.55%). In terms of maximum drawdown, MFOCX dropped -54.96% vs VIGAX's -50.66%.

Which has better risk-adjusted returns?

VIGAX currently has the higher Sharpe Ratio (1.11 vs 0.70), 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.