VCSOX vs. VCIEX

Last updated Jun 5, 2026

VCSOX (VALIC Company I International Socially Responsible Fund) and VCIEX (VALIC Company I International Equities Index Fund) are both Foreign Large Cap Equities funds from VALIC. Over the past 10 years, VCSOX returned 9.40%/yr vs 8.23%/yr for VCIEX. A 0.76 correlation means they provide meaningful diversification when combined. VCSOX charges 0.64%/yr vs 0.42%/yr for VCIEX.

Performance

VCSOX vs. VCIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VALIC Company I International Socially Responsible Fund (VCSOX) and VALIC Company I International Equities Index Fund (VCIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCSOX achieves a 9.40% return, which is significantly higher than VCIEX's 8.57% return. Over the past 10 years, VCSOX has outperformed VCIEX with an annualized return of 9.40%, while VCIEX has yielded a comparatively lower 8.23% annualized return.

VCSOX

• 1D: -0.42%
• 1M: 2.49%
• YTD: 9.40%
• 6M: 10.84%
• 1Y: 19.81%
• 3Y*: 14.14%
• 5Y*: 6.70%
• 10Y*: 9.40%

VCIEX

• 1D: -0.48%
• 1M: 2.09%
• YTD: 8.57%
• 6M: 10.44%
• 1Y: 20.13%
• 3Y*: 14.37%
• 5Y*: 6.89%
• 10Y*: 8.23%

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

VCSOX vs. VCIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCSOX VALIC Company I International Socially Responsible Fund	9.40%	22.82%	2.99%	18.28%	-16.24%	12.54%	8.52%	25.96%	-8.44%	22.72%
VCIEX VALIC Company I International Equities Index Fund	8.57%	24.75%	3.15%	17.20%	-14.40%	11.04%	7.54%	21.24%	-13.74%	24.36%

Correlation

The correlation between VCSOX and VCIEX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 29, 1995	0.76

Over the past year, VCSOX and VCIEX have become more correlated (0.99) than their long-term average of 0.76, meaning their price movements have been converging.

Return for Risk

VCSOX vs. VCIEX — Risk / Return Rank

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

VCSOX

VCSOX Risk / Return Rank: 27
VCSOX Sharpe Ratio Rank: 27
VCSOX Sortino Ratio Rank: 29
VCSOX Omega Ratio Rank: 27
VCSOX Calmar Ratio Rank: 25
VCSOX Martin Ratio Rank: 29

VCIEX

VCIEX Risk / Return Rank: 27
VCIEX Sharpe Ratio Rank: 27
VCIEX Sortino Ratio Rank: 28
VCIEX Omega Ratio Rank: 27
VCIEX Calmar Ratio Rank: 25
VCIEX Martin Ratio Rank: 29

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.

VCSOX vs. VCIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VALIC Company I International Socially Responsible Fund (VCSOX) and VALIC Company I International Equities Index Fund (VCIEX). 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.

	VCSOX	VCIEX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.46	-0.02
Sortino ratio: Return per unit of downside risk	2.15	2.17	-0.02
Omega ratio: Gain probability vs. loss probability	1.26	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	1.76	1.84	-0.09
Martin ratio: Return relative to average drawdown	6.50	6.71	-0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCSOX vs. VCIEX - Sharpe Ratio Comparison

The current VCSOX Sharpe Ratio is 1.45, which is comparable to the VCIEX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of VCSOX and VCIEX, 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

	VCSOX	VCIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.46	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.43	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.49	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.05	+0.18

Drawdowns

VCSOX vs. VCIEX - Drawdown Comparison

The maximum VCSOX drawdown since its inception was -71.49%, roughly equal to the maximum VCIEX drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for VCSOX and VCIEX.

Drawdown Indicators

	VCSOX	VCIEX	Difference
Max Drawdown Largest peak-to-trough decline	-71.49%	-75.07%	+3.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-11.45%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	-18.31%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	-31.15%	-29.28%	-1.87%
Max Drawdown (10Y) Largest decline over 10 years	-33.08%	-34.20%	+1.12%
Current Drawdown Current decline from peak	-0.87%	-1.58%	+0.71%
Average Drawdown Average peak-to-trough decline	-20.55%	-37.48%	+16.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	3.13%	+0.06%

Volatility

VCSOX vs. VCIEX - Volatility Comparison

VALIC Company I International Socially Responsible Fund (VCSOX) and VALIC Company I International Equities Index Fund (VCIEX) have volatilities of 4.36% and 4.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VCSOX	VCIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	4.37%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	12.05%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.41%	14.44%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.25%	16.19%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	16.84%	-0.33%

VCSOX vs. VCIEX - Expense Ratio Comparison

VCSOX has a 0.64% expense ratio, which is higher than VCIEX's 0.42% expense ratio.

Dividends

VCSOX vs. VCIEX - Dividend Comparison

VCSOX's dividend yield for the trailing twelve months is around 5.77%, less than VCIEX's 6.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCIEX VALIC Company I International Equities Index Fund	6.37%	0.00%	2.41%	2.37%	3.14%	1.60%	4.08%	3.16%	2.27%	2.31%
VCSOX VALIC Company I International Socially Responsible Fund	5.77%	0.00%	1.78%	3.03%	8.42%	22.36%	4.64%	1.62%	1.83%	1.48%

Frequently Asked Questions

Can I hold both VCSOX and VCIEX in my portfolio?

With a correlation of 0.99, VCSOX and VCIEX 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, VCSOX or VCIEX?

VCIEX has higher volatility (4.37%) compared to VCSOX (4.36%). In terms of maximum drawdown, VCSOX dropped -71.49% vs VCIEX's -75.07%.

Which has better risk-adjusted returns?

VCIEX currently has the higher Sharpe Ratio (1.46 vs 1.45), 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.