NCEGX vs. VRGWX

Last updated Aug 1, 2026

NCEGX (The North Country Large Cap Equity Fund) and VRGWX (Vanguard Russell 1000 Growth Index Fund Institutional Shares) are both Large Cap Growth Equities funds. Over the past 10 years, NCEGX returned 14.65%/yr vs 17.69%/yr for VRGWX. Their 0.95 correlation means they have historically moved very closely together. NCEGX charges 0.99%/yr vs 0.05%/yr for VRGWX.

Performance

NCEGX vs. VRGWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The North Country Large Cap Equity Fund (NCEGX) and Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NCEGX achieves a 4.06% return, which is significantly higher than VRGWX's -0.51% return. Over the past 10 years, NCEGX has underperformed VRGWX with an annualized return of 14.65%, while VRGWX has yielded a comparatively higher 17.69% annualized return.

NCEGX

• 1D: 1.60%
• 1M: -0.04%
• 6M: 3.84%
• YTD: 4.06%
• 1Y: 12.68%
• 3Y*: 16.39%
• 5Y*: 9.64%
• 10Y*: 14.65%
• ALL TIME*: 8.22%

VRGWX

• 1D: 2.96%
• 1M: -3.22%
• 6M: 1.02%
• YTD: -0.51%
• 1Y: 9.23%
• 3Y*: 18.85%
• 5Y*: 12.46%
• 10Y*: 17.69%
• ALL TIME*: 16.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NCEGX The North Country Large Cap Equity Fund	$0.00	$0.00	$0.00
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares	$0.00	$0.00	$0.00

NCEGX vs. VRGWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NCEGX The North Country Large Cap Equity Fund	4.06%	13.28%	27.49%	24.09%	-20.58%	23.09%	24.54%	39.61%	-3.52%	23.81%
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares	-0.51%	18.32%	33.25%	42.65%	-29.18%	32.42%	38.38%	36.30%	-1.59%	30.11%

Correlation

The correlation between NCEGX and VRGWX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.95

The correlation between NCEGX and VRGWX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

Return for Risk

NCEGX vs. VRGWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NCEGX

NCEGX Risk / Return Rank: 20
NCEGX Sharpe Ratio Rank: 20
NCEGX Sortino Ratio Rank: 19
NCEGX Omega Ratio Rank: 19
NCEGX Calmar Ratio Rank: 17
NCEGX Martin Ratio Rank: 23

VRGWX

VRGWX Risk / Return Rank: 11
VRGWX Sharpe Ratio Rank: 12
VRGWX Sortino Ratio Rank: 12
VRGWX Omega Ratio Rank: 11
VRGWX Calmar Ratio Rank: 11
VRGWX Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NCEGX vs. VRGWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The North Country Large Cap Equity Fund (NCEGX) and Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX). 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.

	NCEGX	VRGWX	Difference
Sharpe ratio: Return per unit of total volatility	0.78	0.41	+0.36
Sortino ratio: Return per unit of downside risk	1.14	0.69	+0.45
Omega ratio: Gain probability vs. loss probability	1.14	1.08	+0.06
Calmar ratio: Return relative to maximum drawdown	0.90	0.45	+0.45
Martin ratio: Return relative to average drawdown	3.43	1.34	+2.09

NCEGX vs. VRGWX - Sharpe Ratio Comparison

The current NCEGX Sharpe Ratio is 0.78, which is higher than the VRGWX Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of NCEGX and VRGWX, 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

NCEGX vs. VRGWX - Drawdown Comparison

The maximum NCEGX drawdown since its inception was -52.03%, which is greater than VRGWX's maximum drawdown of -32.70%. Use the drawdown chart below to compare losses from any high point for NCEGX and VRGWX.

Drawdown Indicators

	NCEGX	VRGWX	Difference
Max Drawdown Largest peak-to-trough decline	-52.03%	-32.70%	-19.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-16.19%	+4.35%
Max Drawdown (3Y) Largest decline over 3 years	-27.93%	-23.44%	-4.49%
Max Drawdown (5Y) Largest decline over 5 years	-27.93%	-32.70%	+4.77%
Max Drawdown (10Y) Largest decline over 10 years	-29.26%	-32.70%	+3.44%
Current Drawdown Current decline from peak	-2.15%	-8.72%	+6.57%
Average Drawdown Average peak-to-trough decline	-9.81%	-4.88%	-4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	5.38%	-2.30%

Volatility

NCEGX vs. VRGWX - Volatility Comparison

The current volatility for The North Country Large Cap Equity Fund (NCEGX) is 3.92%, while Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX) has a volatility of 6.40%. This indicates that NCEGX experiences smaller price fluctuations and is considered to be less risky than VRGWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCEGX	VRGWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	6.40%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	14.06%	-3.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	17.50%	-3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.05%	21.94%	-3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	21.29%	-2.65%

NCEGX vs. VRGWX - Expense Ratio Comparison

NCEGX has a 0.99% expense ratio, which is higher than VRGWX's 0.05% expense ratio.

Dividends

NCEGX vs. VRGWX - Dividend Comparison

NCEGX's dividend yield for the trailing twelve months is around 2.72%, more than VRGWX's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NCEGX The North Country Large Cap Equity Fund	2.72%	2.83%	12.48%	16.29%	12.98%	8.43%	11.16%	13.66%	8.04%	6.79%	2.11%	5.39%
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares	0.49%	0.35%	0.56%	0.71%	0.99%	4.18%	0.77%	1.03%	1.22%	1.22%	1.52%	1.51%

Frequently Asked Questions

Can I hold both NCEGX and VRGWX in my portfolio?

NCEGX and VRGWX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NCEGX or VRGWX?

VRGWX has higher volatility (6.40%) compared to NCEGX (3.92%). In terms of maximum drawdown, NCEGX dropped -52.03% vs VRGWX's -32.70%.

Which has better risk-adjusted returns?

NCEGX currently has the higher Sharpe Ratio (0.78 vs 0.41), 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.