MSCGX vs. VLXVX
MSCGX (Mercer US Small/Mid Cap Equity Fund) and VLXVX (Vanguard Target Retirement 2065 Fund) are both mutual funds - MSCGX is a Small Cap Blend Equities fund managed by Mercer Funds, while VLXVX is a Diversified Portfolio fund actively managed by Vanguard. Over the past 5 years, MSCGX returned 7.28%/yr vs 9.56%/yr for VLXVX. Their correlation of 0.82 means they have usually moved in the same direction. MSCGX charges 0.48%/yr vs 0.08%/yr for VLXVX.
Performance
MSCGX vs. VLXVX - Performance Comparison
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Returns By Period
In the year-to-date period, MSCGX achieves a 16.13% return, which is significantly higher than VLXVX's 10.02% return.
MSCGX
- 1D
- 0.62%
- 1M
- -0.85%
- 6M
- 11.60%
- YTD
- 16.13%
- 1Y
- 22.50%
- 3Y*
- 13.31%
- 5Y*
- 7.28%
- 10Y*
- —
- ALL TIME*
- 9.80%
VLXVX
- 1D
- 1.90%
- 1M
- -0.45%
- 6M
- 6.79%
- YTD
- 10.02%
- 1Y
- 21.67%
- 3Y*
- 16.59%
- 5Y*
- 9.56%
- 10Y*
- —
- ALL TIME*
- 10.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MSCGX vs. VLXVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MSCGX Mercer US Small/Mid Cap Equity Fund | 16.13% | 6.52% | 13.39% | 15.35% | -16.91% | 24.32% | 12.40% | 5.34% |
VLXVX Vanguard Target Retirement 2065 Fund | 10.02% | 21.44% | 14.37% | 20.40% | -17.41% | 16.46% | 16.18% | 10.14% |
Correlation
The correlation between MSCGX and VLXVX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019 | 0.82 |
The correlation between MSCGX and VLXVX shifts across timeframes, from 0.71 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSCGX vs. VLXVX — Risk / Return Rank
MSCGX
VLXVX
MSCGX vs. VLXVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer US Small/Mid Cap Equity Fund (MSCGX) and Vanguard Target Retirement 2065 Fund (VLXVX). 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.
| MSCGX | VLXVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.24 | +0.35 |
| Martin ratioReturn relative to average drawdown | 9.31 | 9.30 | +0.01 |
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Drawdowns
MSCGX vs. VLXVX - Drawdown Comparison
The maximum MSCGX drawdown since its inception was -41.30%, which is greater than VLXVX's maximum drawdown of -31.42%. Use the drawdown chart below to compare losses from any high point for MSCGX and VLXVX.
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Drawdown Indicators
| MSCGX | VLXVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.30% | -31.42% | -9.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -8.93% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -24.28% | -14.53% | -9.75% |
Max Drawdown (5Y)Largest decline over 5 years | -35.66% | -25.37% | -10.29% |
Current DrawdownCurrent decline from peak | -1.75% | -1.92% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -4.93% | -7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.14% | +0.33% |
Volatility
MSCGX vs. VLXVX - Volatility Comparison
The current volatility for Mercer US Small/Mid Cap Equity Fund (MSCGX) is 3.14%, while Vanguard Target Retirement 2065 Fund (VLXVX) has a volatility of 3.74%. This indicates that MSCGX experiences smaller price fluctuations and is considered to be less risky than VLXVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSCGX | VLXVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.74% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 10.52% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 12.61% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 14.37% | +9.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 15.69% | +9.59% |
MSCGX vs. VLXVX - Expense Ratio Comparison
MSCGX has a 0.48% expense ratio, which is higher than VLXVX's 0.08% expense ratio.
Dividends
MSCGX vs. VLXVX - Dividend Comparison
MSCGX's dividend yield for the trailing twelve months is around 6.64%, more than VLXVX's 1.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MSCGX Mercer US Small/Mid Cap Equity Fund | 6.64% | 7.71% | 10.73% | 3.77% | 8.42% | 20.40% | 0.00% | 0.00% | 0.00% | 0.00% |
VLXVX Vanguard Target Retirement 2065 Fund | 1.82% | 2.00% | 2.11% | 2.06% | 2.00% | 1.93% | 1.60% | 1.90% | 1.85% | 0.78% |
Frequently Asked Questions
MSCGX and VLXVX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLXVX has higher volatility (3.74%) compared to MSCGX (3.14%). In terms of maximum drawdown, MSCGX dropped -41.30% vs VLXVX's -31.42%.
VLXVX currently has the higher Sharpe Ratio (1.58 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.
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