VBCVX vs. NEIMX

Last updated Jun 24, 2026

VBCVX (VALIC Company I Systematic Value Fund) and NEIMX (Neiman Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, VBCVX returned 10.81%/yr vs 10.49%/yr for NEIMX. Their correlation of 0.89 suggests significant overlap in exposure. VBCVX charges 0.48%/yr vs 1.46%/yr for NEIMX.

Performance

VBCVX vs. NEIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VALIC Company I Systematic Value Fund (VBCVX) and Neiman Large Cap Value Fund (NEIMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VBCVX achieves a 14.87% return, which is significantly lower than NEIMX's 17.46% return. Both investments have delivered pretty close results over the past 10 years, with VBCVX having a 10.81% annualized return and NEIMX not far behind at 10.49%.

VBCVX

• 1D: 0.52%
• 1M: 3.97%
• YTD: 14.87%
• 6M: 13.84%
• 1Y: 27.28%
• 3Y*: 17.27%
• 5Y*: 11.10%
• 10Y*: 10.81%

NEIMX

• 1D: 0.46%
• 1M: 0.86%
• YTD: 17.46%
• 6M: 16.64%
• 1Y: 32.87%
• 3Y*: 19.59%
• 5Y*: 12.23%
• 10Y*: 10.49%

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

VBCVX vs. NEIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VBCVX VALIC Company I Systematic Value Fund	14.87%	10.37%	16.75%	11.06%	-6.57%	31.26%	-2.16%	23.66%	-17.02%	18.17%
NEIMX Neiman Large Cap Value Fund	17.46%	18.68%	13.50%	6.15%	-5.16%	23.85%	-5.97%	23.49%	-9.76%	19.00%

Correlation

The correlation between VBCVX and NEIMX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Dec 7, 2005	0.89

The correlation between VBCVX and NEIMX has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.

Return for Risk

VBCVX vs. NEIMX — Risk / Return Rank

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

VBCVX

VBCVX Risk / Return Rank: 84
VBCVX Sharpe Ratio Rank: 85
VBCVX Sortino Ratio Rank: 82
VBCVX Omega Ratio Rank: 76
VBCVX Calmar Ratio Rank: 89
VBCVX Martin Ratio Rank: 91

NEIMX

NEIMX Risk / Return Rank: 94
NEIMX Sharpe Ratio Rank: 96
NEIMX Sortino Ratio Rank: 93
NEIMX Omega Ratio Rank: 88
NEIMX Calmar Ratio Rank: 96
NEIMX Martin Ratio Rank: 97

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.

VBCVX vs. NEIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Systematic Value Fund (VBCVX) and Neiman Large Cap Value Fund (NEIMX). 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.

	VBCVX	NEIMX	Difference
Sharpe ratio: Return per unit of total volatility	2.57	3.17	-0.60
Sortino ratio: Return per unit of downside risk	3.56	4.33	-0.78
Omega ratio: Gain probability vs. loss probability	1.45	1.58	-0.13
Calmar ratio: Return relative to maximum drawdown	4.22	5.89	-1.67
Martin ratio: Return relative to average drawdown	17.05	23.87	-6.82

VBCVX vs. NEIMX - Sharpe Ratio Comparison

The current VBCVX Sharpe Ratio is 2.57, which is comparable to the NEIMX Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of VBCVX and NEIMX, 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

VBCVX vs. NEIMX - Drawdown Comparison

The maximum VBCVX drawdown since its inception was -58.88%, smaller than the maximum NEIMX drawdown of -92.94%. Use the drawdown chart below to compare losses from any high point for VBCVX and NEIMX.

Drawdown Indicators

	VBCVX	NEIMX	Difference
Max Drawdown Largest peak-to-trough decline	-58.88%	-92.94%	+34.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.73%	-5.75%	-0.98%
Max Drawdown (3Y) Largest decline over 3 years	-19.90%	-92.94%	+73.04%
Max Drawdown (5Y) Largest decline over 5 years	-19.90%	-92.94%	+73.04%
Max Drawdown (10Y) Largest decline over 10 years	-40.12%	-92.94%	+52.82%
Current Drawdown Current decline from peak	-0.11%	-88.97%	+88.86%
Average Drawdown Average peak-to-trough decline	-10.97%	-10.68%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	1.42%	+0.24%

Volatility

VBCVX vs. NEIMX - Volatility Comparison

The current volatility for VALIC Company I Systematic Value Fund (VBCVX) is 3.82%, while Neiman Large Cap Value Fund (NEIMX) has a volatility of 4.15%. This indicates that VBCVX experiences smaller price fluctuations and is considered to be less risky than NEIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBCVX	NEIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	4.15%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	8.48%	8.31%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.05%	10.69%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.05%	576.53%	-561.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	407.78%	-390.16%

VBCVX vs. NEIMX - Expense Ratio Comparison

VBCVX has a 0.48% expense ratio, which is lower than NEIMX's 1.46% expense ratio.

Dividends

VBCVX vs. NEIMX - Dividend Comparison

VBCVX's dividend yield for the trailing twelve months is around 8.05%, more than NEIMX's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEIMX Neiman Large Cap Value Fund	0.65%	0.76%	1.10%	1.36%	3.60%	17.65%	1.20%	2.26%	1.20%	6.64%	10.20%	4.19%
VBCVX VALIC Company I Systematic Value Fund	8.05%	0.00%	1.61%	7.29%	4.41%	19.32%	13.79%	10.74%	1.92%	4.14%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VBCVX and NEIMX in my portfolio?

VBCVX and NEIMX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VBCVX or NEIMX?

NEIMX has higher volatility (4.15%) compared to VBCVX (3.82%). In terms of maximum drawdown, VBCVX dropped -58.88% vs NEIMX's -92.94%.

Which has better risk-adjusted returns?

NEIMX currently has the higher Sharpe Ratio (3.17 vs 2.57), 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.