STPAX vs. VITAX

Last updated Apr 1, 2026

Compare and contrast key facts about Saratoga Technology & Communications Portfolio (STPAX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX).

STPAX is managed by Saratoga. It was launched on Oct 21, 1997. VITAX is a passively managed fund by Vanguard that tracks the performance of the MSCI US IMI Info Technology 25/50. It was launched on Mar 25, 2004.

Performance

STPAX vs. VITAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saratoga Technology & Communications Portfolio (STPAX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). The values are adjusted to include any dividend payments, if applicable.

STPAX vs. VITAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STPAX Saratoga Technology & Communications Portfolio	-13.24%	16.20%	20.02%	45.01%	-31.89%	16.54%	26.75%	45.00%	0.06%	27.77%
VITAX Vanguard Information Technology Index Fund Admiral Shares	-11.14%	21.78%	29.26%	52.69%	-29.67%	30.36%	45.93%	48.72%	2.51%	37.07%

Returns By Period

In the year-to-date period, STPAX achieves a -13.24% return, which is significantly lower than VITAX's -11.14% return. Over the past 10 years, STPAX has underperformed VITAX with an annualized return of 13.99%, while VITAX has yielded a comparatively higher 20.84% annualized return.

STPAX

• 1D: -0.28%
• 1M: -7.59%
• YTD: -13.24%
• 6M: -11.57%
• 1Y: 9.86%
• 3Y*: 14.93%
• 5Y*: 5.91%
• 10Y*: 13.99%

VITAX

• 1D: -1.79%
• 1M: -7.83%
• YTD: -11.14%
• 6M: -10.25%
• 1Y: 23.94%
• 3Y*: 20.87%
• 5Y*: 14.06%
• 10Y*: 20.84%

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

STPAX vs. VITAX - Expense Ratio Comparison

STPAX has a 2.53% expense ratio, which is higher than VITAX's 0.10% expense ratio.

STPAX

Saratoga Technology & Communications Portfolio

VITAX

Vanguard Information Technology Index Fund Admiral Shares

Return for Risk

STPAX vs. VITAX — Risk / Return Rank

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

STPAX

STPAX Risk / Return Rank: 16
STPAX Sharpe Ratio Rank: 16
STPAX Sortino Ratio Rank: 18
STPAX Omega Ratio Rank: 17
STPAX Calmar Ratio Rank: 16
STPAX Martin Ratio Rank: 15

VITAX

VITAX Risk / Return Rank: 47
VITAX Sharpe Ratio Rank: 44
VITAX Sortino Ratio Rank: 52
VITAX Omega Ratio Rank: 48
VITAX Calmar Ratio Rank: 53
VITAX Martin Ratio Rank: 38

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.

STPAX vs. VITAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saratoga Technology & Communications Portfolio (STPAX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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.

	STPAX	VITAX	Difference
Sharpe ratio Return per unit of total volatility	0.44	0.87	-0.43
Sortino ratio Return per unit of downside risk	0.79	1.39	-0.60
Omega ratio Gain probability vs. loss probability	1.11	1.19	-0.08
Calmar ratio Return relative to maximum drawdown	0.45	1.26	-0.81
Martin ratio Return relative to average drawdown	1.53	3.92	-2.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STPAX vs. VITAX - Sharpe Ratio Comparison

The current STPAX Sharpe Ratio is 0.44, which is lower than the VITAX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of STPAX and VITAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	STPAX	VITAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	0.87	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.56	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.85	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.59	-0.35

Correlation

The correlation between STPAX and VITAX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

STPAX vs. VITAX - Dividend Comparison

STPAX's dividend yield for the trailing twelve months is around 19.94%, more than VITAX's 0.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STPAX Saratoga Technology & Communications Portfolio	19.94%	17.30%	13.90%	7.63%	22.55%	13.94%	14.21%	12.52%	4.84%	8.32%	9.28%	12.58%
VITAX Vanguard Information Technology Index Fund Admiral Shares	0.46%	0.40%	0.60%	0.65%	0.91%	0.63%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Drawdowns

STPAX vs. VITAX - Drawdown Comparison

The maximum STPAX drawdown since its inception was -94.25%, which is greater than VITAX's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for STPAX and VITAX.

Drawdown Indicators

	STPAX	VITAX	Difference
Max Drawdown Largest peak-to-trough decline	-94.25%	-54.81%	-39.44%
Max Drawdown (1Y) Largest decline over 1 year	-15.49%	-16.38%	+0.89%
Max Drawdown (5Y) Largest decline over 5 years	-37.07%	-35.10%	-1.97%
Max Drawdown (10Y) Largest decline over 10 years	-37.07%	-35.10%	-1.97%
Current Drawdown Current decline from peak	-15.49%	-16.38%	+0.89%
Average Drawdown Average peak-to-trough decline	-59.11%	-8.06%	-51.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	5.24%	-0.70%

Volatility

STPAX vs. VITAX - Volatility Comparison

The current volatility for Saratoga Technology & Communications Portfolio (STPAX) is 5.08%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 6.70%. This indicates that STPAX experiences smaller price fluctuations and is considered to be less risky than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STPAX	VITAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	6.70%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	12.41%	15.84%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	22.65%	27.38%	-4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	25.22%	-3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.95%	24.69%	-2.74%