TQAIX vs. VSGIX

Last updated Jun 24, 2026

TQAIX (T. Rowe Price Integrated US Small-Cap Growth Equity Fund Class I) and VSGIX (Vanguard Small-Cap Growth Index Fund Institutional Shares) are both Small Cap Growth Equities funds. Over the past 10 years, TQAIX returned 12.85%/yr vs 12.21%/yr for VSGIX. With a 0.97 correlation, they move nearly in lockstep. TQAIX charges 0.65%/yr vs 0.06%/yr for VSGIX.

Performance

TQAIX vs. VSGIX - 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 Institutional Shares (VSGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQAIX achieves a 20.73% return, which is significantly higher than VSGIX's 18.75% return. Both investments have delivered pretty close results over the past 10 years, with TQAIX having a 12.85% annualized return and VSGIX not far behind at 12.21%.

TQAIX

• 1D: 1.60%
• 1M: 7.09%
• YTD: 20.73%
• 6M: 17.71%
• 1Y: 34.63%
• 3Y*: 18.47%
• 5Y*: 8.41%
• 10Y*: 12.85%

VSGIX

• 1D: 0.31%
• 1M: 3.11%
• YTD: 18.75%
• 6M: 15.73%
• 1Y: 32.50%
• 3Y*: 18.22%
• 5Y*: 5.13%
• 10Y*: 12.21%

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

TQAIX vs. VSGIX - 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	20.73%	10.28%	13.10%	21.34%	-22.38%	11.32%	24.01%	32.92%	-6.77%	22.26%
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares	18.75%	8.44%	14.95%	23.07%	-28.39%	5.70%	35.29%	32.77%	-5.70%	21.94%

Correlation

The correlation between TQAIX and VSGIX is 0.95, 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	0.95
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 24, 2016	0.97

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

Return for Risk

TQAIX vs. VSGIX — Risk / Return Rank

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

TQAIX

TQAIX Risk / Return Rank: 51
TQAIX Sharpe Ratio Rank: 45
TQAIX Sortino Ratio Rank: 43
TQAIX Omega Ratio Rank: 40
TQAIX Calmar Ratio Rank: 66
TQAIX Martin Ratio Rank: 62

VSGIX

VSGIX Risk / Return Rank: 45
VSGIX Sharpe Ratio Rank: 38
VSGIX Sortino Ratio Rank: 35
VSGIX Omega Ratio Rank: 32
VSGIX Calmar Ratio Rank: 64
VSGIX Martin Ratio Rank: 58

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. VSGIX - 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 Institutional Shares (VSGIX). 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.

	TQAIX	VSGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.65	+0.17
Sortino ratio: Return per unit of downside risk	2.56	2.29	+0.27
Omega ratio: Gain probability vs. loss probability	1.31	1.28	+0.03
Calmar ratio: Return relative to maximum drawdown	2.99	2.94	+0.05
Martin ratio: Return relative to average drawdown	11.53	11.01	+0.52

TQAIX vs. VSGIX - Sharpe Ratio Comparison

The current TQAIX Sharpe Ratio is 1.82, which is comparable to the VSGIX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of TQAIX and VSGIX, 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

TQAIX vs. VSGIX - Drawdown Comparison

The maximum TQAIX drawdown since its inception was -37.58%, smaller than the maximum VSGIX drawdown of -58.66%. Use the drawdown chart below to compare losses from any high point for TQAIX and VSGIX.

Drawdown Indicators

	TQAIX	VSGIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.58%	-58.66%	+21.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-11.38%	-0.69%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.52%	-11.32%	+3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.04%	+0.09%

Volatility

TQAIX vs. VSGIX - Volatility Comparison

T. Rowe Price Integrated US Small-Cap Growth Equity Fund Class I (TQAIX) and Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) have volatilities of 7.20% and 6.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQAIX	VSGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	6.94%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	15.76%	15.80%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	19.84%	20.32%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	23.70%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	23.06%	-1.47%

TQAIX vs. VSGIX - Expense Ratio Comparison

TQAIX has a 0.65% expense ratio, which is higher than VSGIX's 0.06% expense ratio.

Dividends

TQAIX vs. VSGIX - Dividend Comparison

TQAIX's dividend yield for the trailing twelve months is around 5.20%, more than VSGIX's 0.45% 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	5.20%	6.27%	8.01%	2.41%	3.70%	13.89%	3.01%	4.11%	4.68%	0.21%	0.02%	0.00%
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares	0.45%	0.55%	0.55%	0.68%	0.56%	0.37%	0.45%	0.58%	0.80%	0.82%	1.09%	0.98%

Frequently Asked Questions

Can I hold both TQAIX and VSGIX in my portfolio?

With a correlation of 0.95, TQAIX and VSGIX 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 VSGIX?

TQAIX has higher volatility (7.20%) compared to VSGIX (6.94%). In terms of maximum drawdown, TQAIX dropped -37.58% vs VSGIX's -58.66%.

Which has better risk-adjusted returns?

TQAIX currently has the higher Sharpe Ratio (1.82 vs 1.65), 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.