USGRX vs. VQNPX

Last updated Jun 5, 2026

USGRX (USAA Growth & Income Fund) and VQNPX (Vanguard Growth and Income Fund Investor Shares) are both Large Cap Blend Equities funds. Over the past 10 years, USGRX returned 13.04%/yr vs 15.22%/yr for VQNPX. With a 0.95 correlation, they move nearly in lockstep. USGRX charges 0.81%/yr vs 0.32%/yr for VQNPX.

Performance

USGRX vs. VQNPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Growth & Income Fund (USGRX) and Vanguard Growth and Income Fund Investor Shares (VQNPX). 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 USGRX having a 9.42% return and VQNPX slightly higher at 9.70%. Over the past 10 years, USGRX has underperformed VQNPX with an annualized return of 13.04%, while VQNPX has yielded a comparatively higher 15.22% annualized return.

USGRX

• 1D: -0.61%
• 1M: 3.53%
• YTD: 9.42%
• 6M: 9.25%
• 1Y: 24.69%
• 3Y*: 20.42%
• 5Y*: 12.03%
• 10Y*: 13.04%

VQNPX

• 1D: -0.65%
• 1M: 4.40%
• YTD: 9.70%
• 6M: 9.92%
• 1Y: 27.64%
• 3Y*: 22.80%
• 5Y*: 13.81%
• 10Y*: 15.22%

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

USGRX vs. VQNPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USGRX USAA Growth & Income Fund	9.42%	15.94%	21.47%	26.69%	-18.52%	22.53%	17.45%	21.78%	-8.76%	20.67%
VQNPX Vanguard Growth and Income Fund Investor Shares	9.70%	19.13%	25.72%	24.72%	-17.26%	28.74%	17.90%	29.66%	-4.70%	19.82%

Correlation

The correlation between USGRX and VQNPX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 1, 1993	0.95

The correlation between USGRX and VQNPX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

USGRX vs. VQNPX — Risk / Return Rank

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

USGRX

USGRX Risk / Return Rank: 71
USGRX Sharpe Ratio Rank: 70
USGRX Sortino Ratio Rank: 66
USGRX Omega Ratio Rank: 64
USGRX Calmar Ratio Rank: 73
USGRX Martin Ratio Rank: 80

VQNPX

VQNPX Risk / Return Rank: 56
VQNPX Sharpe Ratio Rank: 56
VQNPX Sortino Ratio Rank: 51
VQNPX Omega Ratio Rank: 51
VQNPX Calmar Ratio Rank: 56
VQNPX Martin Ratio Rank: 66

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.

USGRX vs. VQNPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Growth & Income Fund (USGRX) and Vanguard Growth and Income Fund Investor Shares (VQNPX). 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.

	USGRX	VQNPX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.23	+0.20
Sortino ratio: Return per unit of downside risk	3.40	3.03	+0.37
Omega ratio: Gain probability vs. loss probability	1.44	1.40	+0.05
Calmar ratio: Return relative to maximum drawdown	3.31	2.87	+0.44
Martin ratio: Return relative to average drawdown	14.69	12.93	+1.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USGRX vs. VQNPX - Sharpe Ratio Comparison

The current USGRX Sharpe Ratio is 2.43, which is comparable to the VQNPX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of USGRX and VQNPX, 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

	USGRX	VQNPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.23	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.81	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.84	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.62	-0.13

Drawdowns

USGRX vs. VQNPX - Drawdown Comparison

The maximum USGRX drawdown since its inception was -56.93%, roughly equal to the maximum VQNPX drawdown of -55.93%. Use the drawdown chart below to compare losses from any high point for USGRX and VQNPX.

Drawdown Indicators

	USGRX	VQNPX	Difference
Max Drawdown Largest peak-to-trough decline	-56.93%	-55.93%	-1.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-9.75%	+2.28%
Max Drawdown (3Y) Largest decline over 3 years	-29.29%	-19.68%	-9.61%
Max Drawdown (5Y) Largest decline over 5 years	-30.81%	-23.36%	-7.45%
Max Drawdown (10Y) Largest decline over 10 years	-34.48%	-34.33%	-0.15%
Current Drawdown Current decline from peak	-0.61%	-0.65%	+0.04%
Average Drawdown Average peak-to-trough decline	-8.71%	-8.87%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.16%	-0.48%

Volatility

USGRX vs. VQNPX - Volatility Comparison

The current volatility for USAA Growth & Income Fund (USGRX) is 2.21%, while Vanguard Growth and Income Fund Investor Shares (VQNPX) has a volatility of 3.12%. This indicates that USGRX experiences smaller price fluctuations and is considered to be less risky than VQNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USGRX	VQNPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	3.12%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	9.47%	-2.12%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	12.55%	-2.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.85%	17.11%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	18.21%	+1.88%

USGRX vs. VQNPX - Expense Ratio Comparison

USGRX has a 0.81% expense ratio, which is higher than VQNPX's 0.32% expense ratio.

Dividends

USGRX vs. VQNPX - Dividend Comparison

USGRX's dividend yield for the trailing twelve months is around 7.51%, less than VQNPX's 9.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USGRX USAA Growth & Income Fund	7.51%	8.06%	20.65%	0.93%	12.58%	11.97%	0.84%	24.69%	11.92%	5.12%	1.26%	6.45%
VQNPX Vanguard Growth and Income Fund Investor Shares	9.66%	10.60%	11.56%	8.60%	9.69%	15.16%	6.53%	4.09%	7.92%	5.01%	6.90%	7.60%

Frequently Asked Questions

Can I hold both USGRX and VQNPX in my portfolio?

With a correlation of 0.92, USGRX and VQNPX 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, USGRX or VQNPX?

VQNPX has higher volatility (3.12%) compared to USGRX (2.21%). In terms of maximum drawdown, USGRX dropped -56.93% vs VQNPX's -55.93%.

Which has better risk-adjusted returns?

USGRX currently has the higher Sharpe Ratio (2.43 vs 2.23), 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.