VAPPX vs. VBCVX
VAPPX (VALIC Company I Capital Appreciation Fund) and VBCVX (VALIC Company I Systematic Value Fund) are both mutual funds - VAPPX is a Large Cap Growth Equities fund managed by VALIC, while VBCVX is a Large Cap Value Equities fund managed by VALIC. Over the past 5 years, VAPPX returned 11.03%/yr vs 11.30%/yr for VBCVX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. VAPPX charges 0.60%/yr vs 0.48%/yr for VBCVX.
Performance
VAPPX vs. VBCVX - Performance Comparison
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Returns By Period
In the year-to-date period, VAPPX achieves a 3.70% return, which is significantly lower than VBCVX's 19.39% return.
VAPPX
- 1D
- 2.85%
- 1M
- -0.76%
- 6M
- 5.65%
- YTD
- 3.70%
- 1Y
- 13.94%
- 3Y*
- 18.60%
- 5Y*
- 11.03%
- 10Y*
- —
- ALL TIME*
- 12.00%
VBCVX
- 1D
- 0.61%
- 1M
- 2.30%
- 6M
- 14.96%
- YTD
- 19.39%
- 1Y
- 30.64%
- 3Y*
- 16.42%
- 5Y*
- 11.30%
- 10Y*
- 10.65%
- ALL TIME*
- 6.86%
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 |
VAPPX vs. VBCVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VAPPX VALIC Company I Capital Appreciation Fund | 3.70% | 11.88% | 31.97% | 40.53% | -25.71% | 11.78% |
VBCVX VALIC Company I Systematic Value Fund | 19.39% | 10.37% | 16.75% | 11.06% | -6.57% | 8.45% |
Correlation
The correlation between VAPPX and VBCVX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.68 |
The correlation between VAPPX and VBCVX shifts across timeframes, from 0.52 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VAPPX vs. VBCVX — Risk / Return Rank
VAPPX
VBCVX
VAPPX vs. VBCVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Capital Appreciation Fund (VAPPX) and VALIC Company I Systematic Value Fund (VBCVX). 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.
| VAPPX | VBCVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.44 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 4.19 | -3.51 |
| Martin ratioReturn relative to average drawdown | 2.19 | 17.44 | -15.25 |
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Drawdowns
VAPPX vs. VBCVX - Drawdown Comparison
The maximum VAPPX drawdown since its inception was -30.00%, smaller than the maximum VBCVX drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for VAPPX and VBCVX.
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Drawdown Indicators
| VAPPX | VBCVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.00% | -58.88% | +28.88% |
Max Drawdown (1Y)Largest decline over 1 year | -16.59% | -6.73% | -9.86% |
Max Drawdown (3Y)Largest decline over 3 years | -25.00% | -19.90% | -5.10% |
Max Drawdown (5Y)Largest decline over 5 years | -30.00% | -19.90% | -10.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.12% | — |
Current DrawdownCurrent decline from peak | -4.63% | -0.33% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -10.92% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 1.62% | +3.51% |
Volatility
VAPPX vs. VBCVX - Volatility Comparison
VALIC Company I Capital Appreciation Fund (VAPPX) has a higher volatility of 5.83% compared to VALIC Company I Systematic Value Fund (VBCVX) at 3.00%. This indicates that VAPPX's price experiences larger fluctuations and is considered to be riskier than VBCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAPPX | VBCVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 3.00% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 8.63% | +5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 11.16% | +5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 15.03% | +6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 17.52% | +3.39% |
VAPPX vs. VBCVX - Expense Ratio Comparison
VAPPX has a 0.60% expense ratio, which is higher than VBCVX's 0.48% expense ratio.
Dividends
VAPPX vs. VBCVX - Dividend Comparison
VAPPX's dividend yield for the trailing twelve months is around 4.75%, less than VBCVX's 7.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VAPPX VALIC Company I Capital Appreciation Fund | 4.75% | 0.00% | 8.31% | 29.25% | 6.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VBCVX VALIC Company I Systematic Value Fund | 7.75% | 0.00% | 1.61% | 7.29% | 4.41% | 19.32% | 13.79% | 10.74% | 1.92% | 4.14% |
Frequently Asked Questions
VAPPX and VBCVX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VAPPX has higher volatility (5.83%) compared to VBCVX (3.00%). In terms of maximum drawdown, VAPPX dropped -30.00% vs VBCVX's -58.88%.
VBCVX currently has the higher Sharpe Ratio (2.53 vs 0.67), 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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