VCBCX vs. VMSGX

Last updated Aug 1, 2026

VCBCX (VALIC Company I Blue Chip Growth Fund) and VMSGX (VALIC Company I Mid Cap Strategic Growth Fund) are both mutual funds - VCBCX is a Large Cap Growth Equities fund managed by VALIC, while VMSGX is a Mid Cap Growth Equities fund managed by VALIC. Over the past 10 years, VCBCX returned 13.14%/yr vs 13.14%/yr for VMSGX. Their correlation of 0.88 means they have usually moved in the same direction. VCBCX charges 0.76%/yr vs 0.75%/yr for VMSGX.

Performance

VCBCX vs. VMSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VALIC Company I Blue Chip Growth Fund (VCBCX) and VALIC Company I Mid Cap Strategic Growth Fund (VMSGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCBCX achieves a -1.67% return, which is significantly lower than VMSGX's 9.83% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: VCBCX at 13.14% and VMSGX at 13.14%.

VCBCX

• 1D: 2.74%
• 1M: -1.82%
• 6M: 0.00%
• YTD: -1.67%
• 1Y: 8.27%
• 3Y*: 14.98%
• 5Y*: 5.15%
• 10Y*: 13.14%
• ALL TIME*: 6.84%

VMSGX

• 1D: 2.11%
• 1M: -2.85%
• 6M: 8.64%
• YTD: 9.83%
• 1Y: 11.74%
• 3Y*: 15.26%
• 5Y*: 7.04%
• 10Y*: 13.14%
• ALL TIME*: 7.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VCBCX VALIC Company I Blue Chip Growth Fund	$0.00	$0.00	$0.00
VMSGX VALIC Company I Mid Cap Strategic Growth Fund	$0.00	$0.00	$0.00

VCBCX vs. VMSGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCBCX VALIC Company I Blue Chip Growth Fund	-1.67%	7.70%	34.71%	44.42%	-38.26%	16.36%	35.27%	29.63%	-3.72%	36.31%
VMSGX VALIC Company I Mid Cap Strategic Growth Fund	9.83%	11.23%	19.79%	22.06%	-23.40%	16.87%	34.60%	37.63%	-8.89%	26.30%

Correlation

The correlation between VCBCX and VMSGX is 0.72, 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.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Dec 22, 2004	0.88

The correlation between VCBCX and VMSGX shifts across timeframes, from 0.72 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VCBCX vs. VMSGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VCBCX

VCBCX Risk / Return Rank: 10
VCBCX Sharpe Ratio Rank: 10
VCBCX Sortino Ratio Rank: 10
VCBCX Omega Ratio Rank: 10
VCBCX Calmar Ratio Rank: 9
VCBCX Martin Ratio Rank: 10

VMSGX

VMSGX Risk / Return Rank: 15
VMSGX Sharpe Ratio Rank: 14
VMSGX Sortino Ratio Rank: 15
VMSGX Omega Ratio Rank: 13
VMSGX Calmar Ratio Rank: 16
VMSGX Martin Ratio Rank: 19

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VCBCX vs. VMSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Blue Chip Growth Fund (VCBCX) and VALIC Company I Mid Cap Strategic Growth Fund (VMSGX). 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.

	VCBCX	VMSGX	Difference
Sharpe ratio: Return per unit of total volatility	0.38	0.53	-0.15
Sortino ratio: Return per unit of downside risk	0.65	0.88	-0.23
Omega ratio: Gain probability vs. loss probability	1.08	1.10	-0.03
Calmar ratio: Return relative to maximum drawdown	0.40	0.77	-0.38
Martin ratio: Return relative to average drawdown	1.21	2.63	-1.42

VCBCX vs. VMSGX - Sharpe Ratio Comparison

The current VCBCX Sharpe Ratio is 0.38, which is comparable to the VMSGX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of VCBCX and VMSGX, 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

VCBCX vs. VMSGX - Drawdown Comparison

The maximum VCBCX drawdown since its inception was -55.01%, smaller than the maximum VMSGX drawdown of -66.65%. Use the drawdown chart below to compare losses from any high point for VCBCX and VMSGX.

Drawdown Indicators

	VCBCX	VMSGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.01%	-66.65%	+11.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.94%	-12.17%	-3.77%
Max Drawdown (3Y) Largest decline over 3 years	-29.70%	-23.85%	-5.85%
Max Drawdown (5Y) Largest decline over 5 years	-43.31%	-33.62%	-9.69%
Max Drawdown (10Y) Largest decline over 10 years	-43.31%	-36.97%	-6.34%
Current Drawdown Current decline from peak	-8.24%	-4.05%	-4.19%
Average Drawdown Average peak-to-trough decline	-13.43%	-14.98%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	3.57%	+1.66%

Volatility

VCBCX vs. VMSGX - Volatility Comparison

VALIC Company I Blue Chip Growth Fund (VCBCX) has a higher volatility of 5.84% compared to VALIC Company I Mid Cap Strategic Growth Fund (VMSGX) at 4.27%. This indicates that VCBCX's price experiences larger fluctuations and is considered to be riskier than VMSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VCBCX	VMSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	4.27%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	13.41%	14.26%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	17.69%	-0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.08%	20.94%	+3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.84%	20.93%	+1.91%

VCBCX vs. VMSGX - Expense Ratio Comparison

VCBCX has a 0.76% expense ratio, which is higher than VMSGX's 0.75% expense ratio.

Dividends

VCBCX vs. VMSGX - Dividend Comparison

VCBCX's dividend yield for the trailing twelve months is around 14.88%, more than VMSGX's 7.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCBCX VALIC Company I Blue Chip Growth Fund	14.88%	0.00%	10.23%	16.65%	25.75%	8.99%	8.63%	11.48%	0.07%	8.44%
VMSGX VALIC Company I Mid Cap Strategic Growth Fund	7.25%	0.00%	0.01%	21.01%	11.77%	4.58%	3.89%	8.38%	0.10%	5.91%

Frequently Asked Questions

Can I hold both VCBCX and VMSGX in my portfolio?

VCBCX and VMSGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VCBCX or VMSGX?

VCBCX has higher volatility (5.84%) compared to VMSGX (4.27%). In terms of maximum drawdown, VCBCX dropped -55.01% vs VMSGX's -66.65%.

Which has better risk-adjusted returns?

VMSGX currently has the higher Sharpe Ratio (0.53 vs 0.38), 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.