TQAIX vs. VSGAX

Last updated Jun 3, 2026

TQAIX (T. Rowe Price Integrated US Small-Cap Growth Equity Fund Class I) and VSGAX (Vanguard Small-Cap Growth Index Fund Admiral Shares) are both Small Cap Growth Equities funds. Over the past 10 years, TQAIX returned 11.77%/yr vs 11.77%/yr for VSGAX. With a 0.97 correlation, they move nearly in lockstep. TQAIX charges 0.65%/yr vs 0.07%/yr for VSGAX.

Performance

TQAIX vs. VSGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Integrated US Small-Cap Growth Equity Fund Class I (TQAIX) and Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQAIX achieves a 13.79% return, which is significantly lower than VSGAX's 17.88% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: TQAIX at 11.77% and VSGAX at 11.77%.

TQAIX

• 1D: -0.70%
• 1M: 2.61%
• YTD: 13.79%
• 6M: 14.21%
• 1Y: 29.65%
• 3Y*: 16.30%
• 5Y*: 7.37%
• 10Y*: 11.77%

VSGAX

• 1D: 0.00%
• 1M: 5.37%
• YTD: 17.88%
• 6M: 18.46%
• 1Y: 34.98%
• 3Y*: 17.85%
• 5Y*: 5.76%
• 10Y*: 11.77%

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

TQAIX vs. VSGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TQAIX T. Rowe Price Integrated US Small-Cap Growth Equity Fund Class I	13.79%	10.28%	13.10%	21.34%	-22.38%	11.32%	24.01%	32.92%	-6.77%	22.26%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	17.88%	8.44%	14.94%	23.04%	-28.39%	5.70%	35.26%	32.76%	-5.69%	21.92%

Correlation

The correlation between TQAIX and VSGAX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Mar 28, 2016	0.97

The correlation between TQAIX and VSGAX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

TQAIX vs. VSGAX — Risk / Return Rank

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

TQAIX

TQAIX Risk / Return Rank: 36
TQAIX Sharpe Ratio Rank: 31
TQAIX Sortino Ratio Rank: 31
TQAIX Omega Ratio Rank: 29
TQAIX Calmar Ratio Rank: 42
TQAIX Martin Ratio Rank: 46

VSGAX

VSGAX Risk / Return Rank: 46
VSGAX Sharpe Ratio Rank: 39
VSGAX Sortino Ratio Rank: 36
VSGAX Omega Ratio Rank: 33
VSGAX Calmar Ratio Rank: 64
VSGAX Martin Ratio Rank: 59

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.

TQAIX vs. VSGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Integrated US Small-Cap Growth Equity Fund Class I (TQAIX) and Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX). 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.

	TQAIX	VSGAX	Difference
Sharpe ratio Return per unit of total volatility	1.62	1.82	-0.20
Sortino ratio Return per unit of downside risk	2.33	2.52	-0.19
Omega ratio Gain probability vs. loss probability	1.28	1.31	-0.02
Calmar ratio Return relative to maximum drawdown	2.50	3.09	-0.58
Martin ratio Return relative to average drawdown	9.73	11.78	-2.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQAIX vs. VSGAX - Sharpe Ratio Comparison

The current TQAIX Sharpe Ratio is 1.62, which is comparable to the VSGAX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of TQAIX and VSGAX, 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

	TQAIX	VSGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.82	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.25	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.51	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.57	+0.01

Drawdowns

TQAIX vs. VSGAX - Drawdown Comparison

The maximum TQAIX drawdown since its inception was -37.58%, roughly equal to the maximum VSGAX drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for TQAIX and VSGAX.

Drawdown Indicators

	TQAIX	VSGAX	Difference
Max Drawdown Largest peak-to-trough decline	-37.58%	-38.70%	+1.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-11.37%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-25.78%	-27.47%	+1.69%
Max Drawdown (5Y) Largest decline over 5 years	-33.12%	-38.36%	+5.24%
Max Drawdown (10Y) Largest decline over 10 years	-37.58%	-38.70%	+1.12%
Current Drawdown Current decline from peak	-1.23%	0.00%	-1.23%
Average Drawdown Average peak-to-trough decline	-7.56%	-8.56%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.98%	+0.13%

Volatility

TQAIX vs. VSGAX - Volatility Comparison

T. Rowe Price Integrated US Small-Cap Growth Equity Fund Class I (TQAIX) has a higher volatility of 5.99% compared to Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) at 5.28%. This indicates that TQAIX's price experiences larger fluctuations and is considered to be riskier than VSGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQAIX	VSGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	5.28%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	14.75%	14.86%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	18.86%	19.48%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.36%	23.56%	-2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	23.00%	-1.49%

TQAIX vs. VSGAX - Expense Ratio Comparison

TQAIX has a 0.65% expense ratio, which is higher than VSGAX's 0.07% expense ratio.

Dividends

TQAIX vs. VSGAX - Dividend Comparison

TQAIX's dividend yield for the trailing twelve months is around 5.51%, more than VSGAX's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TQAIX T. Rowe Price Integrated US Small-Cap Growth Equity Fund Class I	5.51%	6.27%	8.01%	2.41%	3.70%	13.89%	3.01%	4.11%	4.68%	0.21%	0.02%	0.00%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	0.44%	0.54%	0.54%	0.67%	0.55%	0.36%	0.44%	0.57%	0.79%	0.81%	1.08%	0.98%

Frequently Asked Questions

Can I hold both TQAIX and VSGAX in my portfolio?

With a correlation of 0.95, TQAIX and VSGAX 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, TQAIX or VSGAX?

TQAIX has higher volatility (5.99%) compared to VSGAX (5.28%). In terms of maximum drawdown, TQAIX dropped -37.58% vs VSGAX's -38.70%.

Which has better risk-adjusted returns?

VSGAX currently has the higher Sharpe Ratio (1.82 vs 1.62), 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.