TRLGX vs. VIIIX
TRLGX (T. Rowe Price Large-Cap Growth Fund) and VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) are both mutual funds - TRLGX is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while VIIIX is a S&P 500 fund tracking the S&P 500 Index. TRLGX is actively managed, while VIIIX is passively managed. Over the past 10 years, TRLGX returned 17.47%/yr vs 15.07%/yr for VIIIX. Their correlation of 0.92 means they have usually moved in the same direction. TRLGX charges 0.55%/yr vs 0.02%/yr for VIIIX.
Performance
TRLGX vs. VIIIX - Performance Comparison
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Returns By Period
In the year-to-date period, TRLGX achieves a 0.26% return, which is significantly lower than VIIIX's 9.35% return. Over the past 10 years, TRLGX has outperformed VIIIX with an annualized return of 17.47%, while VIIIX has yielded a comparatively lower 15.07% annualized return.
TRLGX
- 1D
- 2.28%
- 1M
- -1.09%
- 6M
- 3.17%
- YTD
- 0.26%
- 1Y
- 9.47%
- 3Y*
- 20.62%
- 5Y*
- 9.64%
- 10Y*
- 17.47%
- ALL TIME*
- 12.23%
VIIIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.79%
- YTD
- 9.35%
- 1Y
- 20.63%
- 3Y*
- 19.44%
- 5Y*
- 12.83%
- 10Y*
- 15.07%
- ALL TIME*
- 9.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRLGX vs. VIIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRLGX T. Rowe Price Large-Cap Growth Fund | 0.26% | 17.51% | 37.57% | 46.22% | -35.26% | 23.24% | 39.57% | 28.51% | 4.35% | 37.77% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 9.35% | 17.87% | 26.29% | 25.79% | -18.14% | 28.69% | 18.41% | 31.48% | -4.41% | 21.82% |
Correlation
The correlation between TRLGX and VIIIX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2001 | 0.92 |
The correlation between TRLGX and VIIIX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
TRLGX vs. VIIIX — Risk / Return Rank
TRLGX
VIIIX
TRLGX vs. VIIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Large-Cap Growth Fund (TRLGX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.
| TRLGX | VIIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.26 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 2.06 | -1.68 |
| Martin ratioReturn relative to average drawdown | 1.15 | 8.86 | -7.71 |
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Drawdowns
TRLGX vs. VIIIX - Drawdown Comparison
The maximum TRLGX drawdown since its inception was -55.56%, roughly equal to the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for TRLGX and VIIIX.
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Drawdown Indicators
| TRLGX | VIIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.56% | -55.18% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -18.18% | -8.90% | -9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -21.17% | -18.75% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -40.44% | -24.50% | -15.94% |
Max Drawdown (10Y)Largest decline over 10 years | -40.44% | -33.79% | -6.65% |
Current DrawdownCurrent decline from peak | -5.48% | -2.11% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -9.97% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.08% | 2.07% | +4.01% |
Volatility
TRLGX vs. VIIIX - Volatility Comparison
T. Rowe Price Large-Cap Growth Fund (TRLGX) has a higher volatility of 5.12% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 3.44%. This indicates that TRLGX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRLGX | VIIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 3.44% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 10.09% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.23% | 12.86% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 17.01% | +5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 18.07% | +3.73% |
TRLGX vs. VIIIX - Expense Ratio Comparison
TRLGX has a 0.55% expense ratio, which is higher than VIIIX's 0.02% expense ratio.
Dividends
TRLGX vs. VIIIX - Dividend Comparison
TRLGX's dividend yield for the trailing twelve months is around 13.66%, more than VIIIX's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRLGX T. Rowe Price Large-Cap Growth Fund | 13.66% | 13.69% | 9.80% | 2.04% | 3.88% | 2.56% | 0.42% | 4.09% | 7.93% | 9.27% | 1.64% | 4.71% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.51% | 2.11% | 3.66% | 2.66% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% |
Frequently Asked Questions
TRLGX and VIIIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRLGX has higher volatility (5.12%) compared to VIIIX (3.44%). In terms of maximum drawdown, TRLGX dropped -55.56% vs VIIIX's -55.18%.
VIIIX currently has the higher Sharpe Ratio (1.43 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.
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