VCIEX vs. VGLSX
VCIEX (VALIC Company I International Equities Index Fund) and VGLSX (VALIC Company I Global Strategy Fund) are both mutual funds - VCIEX is a Foreign Large Cap Equities fund managed by VALIC, while VGLSX is a Global Allocation fund managed by VALIC. Over the past 10 years, VCIEX returned 8.55%/yr vs 6.31%/yr for VGLSX. Their correlation of 0.90 means they have usually moved in the same direction. VCIEX charges 0.42%/yr vs 0.79%/yr for VGLSX.
Performance
VCIEX vs. VGLSX - Performance Comparison
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Returns By Period
In the year-to-date period, VCIEX achieves a 12.38% return, which is significantly higher than VGLSX's 9.36% return. Over the past 10 years, VCIEX has outperformed VGLSX with an annualized return of 8.55%, while VGLSX has yielded a comparatively lower 6.31% annualized return.
VCIEX
- 1D
- 2.90%
- 1M
- 1.72%
- 6M
- 6.97%
- YTD
- 12.38%
- 1Y
- 25.73%
- 3Y*
- 14.04%
- 5Y*
- 7.96%
- 10Y*
- 8.55%
- ALL TIME*
- 1.00%
VGLSX
- 1D
- 1.22%
- 1M
- 0.24%
- 6M
- 5.60%
- YTD
- 9.36%
- 1Y
- 20.63%
- 3Y*
- 14.38%
- 5Y*
- 6.66%
- 10Y*
- 6.31%
- ALL TIME*
- 3.28%
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 |
VCIEX vs. VGLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCIEX VALIC Company I International Equities Index Fund | 12.38% | 24.75% | 3.15% | 17.20% | -14.40% | 11.04% | 7.54% | 21.24% | -13.74% | 24.36% |
VGLSX VALIC Company I Global Strategy Fund | 9.36% | 16.06% | 12.15% | 15.50% | -16.78% | 8.59% | 3.91% | 9.79% | -9.49% | 13.58% |
Correlation
The correlation between VCIEX and VGLSX is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
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 7, 2005 | 0.90 |
The correlation between VCIEX and VGLSX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
VCIEX vs. VGLSX — Risk / Return Rank
VCIEX
VGLSX
VCIEX vs. VGLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VALIC Company I International Equities Index Fund (VCIEX) and VALIC Company I Global Strategy Fund (VGLSX). 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.
| VCIEX | VGLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.75 | -0.63 |
| Martin ratioReturn relative to average drawdown | 7.74 | 11.46 | -3.72 |
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Drawdowns
VCIEX vs. VGLSX - Drawdown Comparison
The maximum VCIEX drawdown since its inception was -75.07%, which is greater than VGLSX's maximum drawdown of -44.78%. Use the drawdown chart below to compare losses from any high point for VCIEX and VGLSX.
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Drawdown Indicators
| VCIEX | VGLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.07% | -44.78% | -30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -7.23% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -18.31% | -14.42% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.28% | -23.13% | -6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | -25.65% | -8.55% |
Current DrawdownCurrent decline from peak | 0.00% | -0.95% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -37.29% | -12.03% | -25.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.73% | +1.40% |
Volatility
VCIEX vs. VGLSX - Volatility Comparison
VALIC Company I International Equities Index Fund (VCIEX) has a higher volatility of 4.73% compared to VALIC Company I Global Strategy Fund (VGLSX) at 2.81%. This indicates that VCIEX's price experiences larger fluctuations and is considered to be riskier than VGLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIEX | VGLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 2.81% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 7.81% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.35% | 9.17% | +6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 10.40% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 10.70% | +5.87% |
VCIEX vs. VGLSX - Expense Ratio Comparison
VCIEX has a 0.42% expense ratio, which is lower than VGLSX's 0.79% expense ratio.
Dividends
VCIEX vs. VGLSX - Dividend Comparison
VCIEX's dividend yield for the trailing twelve months is around 6.16%, more than VGLSX's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VCIEX VALIC Company I International Equities Index Fund | 6.16% | 0.00% | 2.41% | 2.37% | 3.14% | 1.60% | 4.08% | 3.16% | 2.27% | 2.31% |
VGLSX VALIC Company I Global Strategy Fund | 2.97% | 0.00% | 0.00% | 9.08% | 0.00% | 4.06% | 12.91% | 10.88% | 0.00% | 2.64% |
Frequently Asked Questions
VCIEX and VGLSX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCIEX has higher volatility (4.73%) compared to VGLSX (2.81%). In terms of maximum drawdown, VCIEX dropped -75.07% vs VGLSX's -44.78%.
VGLSX currently has the higher Sharpe Ratio (2.17 vs 1.59), 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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