TRIRX vs. VMGMX

Last updated Jun 3, 2026

TRIRX (Nuveen Large Cap Growth Index Fund Retirement Class) and VMGMX (Vanguard Mid-Cap Growth Index Fund Admiral Shares) are both mutual funds - TRIRX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while VMGMX is a Mid Cap Growth Equities fund managed by Vanguard. Over the past 10 years, TRIRX returned 18.42%/yr vs 12.27%/yr for VMGMX. Their correlation of 0.90 suggests significant overlap in exposure. TRIRX charges 0.30%/yr vs 0.07%/yr for VMGMX.

Performance

TRIRX vs. VMGMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Large Cap Growth Index Fund Retirement Class (TRIRX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TRIRX having a 8.86% return and VMGMX slightly higher at 9.27%. Over the past 10 years, TRIRX has outperformed VMGMX with an annualized return of 18.42%, while VMGMX has yielded a comparatively lower 12.27% annualized return.

TRIRX

• 1D: 0.72%
• 1M: 7.23%
• YTD: 8.86%
• 6M: 8.03%
• 1Y: 28.30%
• 3Y*: 25.34%
• 5Y*: 15.60%
• 10Y*: 18.42%

VMGMX

• 1D: 0.96%
• 1M: 6.48%
• YTD: 9.27%
• 6M: 7.33%
• 1Y: 12.39%
• 3Y*: 16.56%
• 5Y*: 7.31%
• 10Y*: 12.27%

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

TRIRX vs. VMGMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRIRX Nuveen Large Cap Growth Index Fund Retirement Class	8.86%	18.13%	32.98%	42.30%	-29.41%	27.32%	38.06%	35.98%	-1.91%	28.50%
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares	9.27%	10.69%	15.65%	23.93%	-28.84%	20.48%	34.45%	33.85%	-5.61%	21.83%

Correlation

The correlation between TRIRX and VMGMX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 28, 2011	0.90

The correlation between TRIRX and VMGMX shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TRIRX vs. VMGMX — Risk / Return Rank

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

TRIRX

TRIRX Risk / Return Rank: 33
TRIRX Sharpe Ratio Rank: 42
TRIRX Sortino Ratio Rank: 38
TRIRX Omega Ratio Rank: 38
TRIRX Calmar Ratio Rank: 23
TRIRX Martin Ratio Rank: 23

VMGMX

VMGMX Risk / Return Rank: 10
VMGMX Sharpe Ratio Rank: 11
VMGMX Sortino Ratio Rank: 11
VMGMX Omega Ratio Rank: 10
VMGMX Calmar Ratio Rank: 8
VMGMX Martin Ratio Rank: 8

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.

TRIRX vs. VMGMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Large Cap Growth Index Fund Retirement Class (TRIRX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX). 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.

	TRIRX	VMGMX	Difference
Sharpe ratio Return per unit of total volatility	1.90	0.86	+1.05
Sortino ratio Return per unit of downside risk	2.56	1.28	+1.28
Omega ratio Gain probability vs. loss probability	1.33	1.15	+0.18
Calmar ratio Return relative to maximum drawdown	1.81	0.85	+0.95
Martin ratio Return relative to average drawdown	6.04	2.56	+3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRIRX vs. VMGMX - Sharpe Ratio Comparison

The current TRIRX Sharpe Ratio is 1.90, which is higher than the VMGMX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of TRIRX and VMGMX, 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

	TRIRX	VMGMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	0.86	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.34	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.59	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.65	-0.01

Drawdowns

TRIRX vs. VMGMX - Drawdown Comparison

The maximum TRIRX drawdown since its inception was -51.49%, which is greater than VMGMX's maximum drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for TRIRX and VMGMX.

Drawdown Indicators

	TRIRX	VMGMX	Difference
Max Drawdown Largest peak-to-trough decline	-51.49%	-37.17%	-14.32%
Max Drawdown (1Y) Largest decline over 1 year	-16.32%	-15.95%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	-23.38%	-21.65%	-1.73%
Max Drawdown (5Y) Largest decline over 5 years	-32.82%	-37.17%	+4.35%
Max Drawdown (10Y) Largest decline over 10 years	-32.82%	-37.17%	+4.35%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.90%	-7.02%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	5.31%	-0.43%

Volatility

TRIRX vs. VMGMX - Volatility Comparison

The current volatility for Nuveen Large Cap Growth Index Fund Retirement Class (TRIRX) is 3.25%, while Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) has a volatility of 4.27%. This indicates that TRIRX experiences smaller price fluctuations and is considered to be less risky than VMGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRIRX	VMGMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	4.27%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	12.46%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	15.90%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	21.42%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.09%	20.99%	+0.10%

TRIRX vs. VMGMX - Expense Ratio Comparison

TRIRX has a 0.30% expense ratio, which is higher than VMGMX's 0.07% expense ratio.

Dividends

TRIRX vs. VMGMX - Dividend Comparison

TRIRX's dividend yield for the trailing twelve months is around 3.81%, more than VMGMX's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRIRX Nuveen Large Cap Growth Index Fund Retirement Class	3.81%	4.15%	3.00%	1.67%	10.58%	8.44%	1.69%	2.13%	3.69%	0.68%	1.09%	1.31%
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares	0.60%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.82%

Frequently Asked Questions

Can I hold both TRIRX and VMGMX in my portfolio?

TRIRX and VMGMX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRIRX or VMGMX?

VMGMX has higher volatility (4.27%) compared to TRIRX (3.25%). In terms of maximum drawdown, TRIRX dropped -51.49% vs VMGMX's -37.17%.

Which has better risk-adjusted returns?

TRIRX currently has the higher Sharpe Ratio (1.90 vs 0.86), 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.