VCTPX vs. TRBFX
VCTPX (VALIC Company I Inflation Protected Fund) and TRBFX (T. Rowe Price Limited Duration Inflation Focused Bond Fund) are both Inflation-Protected Bonds funds. Over the past 10 years, VCTPX returned 2.30%/yr vs 2.80%/yr for TRBFX. A 0.61 correlation means they provide meaningful diversification when combined. VCTPX charges 0.52%/yr vs 0.41%/yr for TRBFX.
Performance
VCTPX vs. TRBFX - Performance Comparison
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Returns By Period
In the year-to-date period, VCTPX achieves a 1.65% return, which is significantly higher than TRBFX's 0.91% return. Over the past 10 years, VCTPX has underperformed TRBFX with an annualized return of 2.30%, while TRBFX has yielded a comparatively higher 2.80% annualized return.
VCTPX
- 1D
- -0.34%
- 1M
- 0.11%
- YTD
- 1.65%
- 6M
- 1.76%
- 1Y
- 4.71%
- 3Y*
- 2.72%
- 5Y*
- 0.87%
- 10Y*
- 2.30%
TRBFX
- 1D
- -0.21%
- 1M
- -0.32%
- YTD
- 0.91%
- 6M
- 1.13%
- 1Y
- 3.36%
- 3Y*
- 4.74%
- 5Y*
- 2.38%
- 10Y*
- 2.80%
VCTPX vs. TRBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCTPX VALIC Company I Inflation Protected Fund | 1.65% | 4.22% | 1.15% | 4.03% | -10.23% | 5.10% | 8.76% | 8.66% | -3.13% | 4.86% |
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund | 0.91% | 6.34% | 4.60% | 3.01% | -5.19% | 5.77% | 5.65% | 6.53% | 0.28% | 0.80% |
Correlation
The correlation between VCTPX and TRBFX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2015 | 0.61 |
The correlation between VCTPX and TRBFX shifts across timeframes, from 0.42 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VCTPX vs. TRBFX — Risk / Return Rank
VCTPX
TRBFX
VCTPX vs. TRBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Inflation Protected Fund (VCTPX) and T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX). 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.
| VCTPX | TRBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 1.00 | +1.59 |
| Martin ratioReturn relative to average drawdown | 6.99 | 1.96 | +5.03 |
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Drawdowns
VCTPX vs. TRBFX - Drawdown Comparison
The maximum VCTPX drawdown since its inception was -17.48%, which is greater than TRBFX's maximum drawdown of -7.33%. Use the drawdown chart below to compare losses from any high point for VCTPX and TRBFX.
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Drawdown Indicators
| VCTPX | TRBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -7.33% | -10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.84% | -3.48% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -5.19% | -3.51% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -12.81% | -7.33% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -12.81% | -7.33% | -5.48% |
Current DrawdownCurrent decline from peak | -0.56% | -2.19% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -1.42% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.75% | -1.07% |
Volatility
VCTPX vs. TRBFX - Volatility Comparison
The current volatility for VALIC Company I Inflation Protected Fund (VCTPX) is 0.88%, while T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) has a volatility of 1.01%. This indicates that VCTPX experiences smaller price fluctuations and is considered to be less risky than TRBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCTPX | TRBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.01% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 1.76% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 5.12% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 5.15% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 4.02% | +0.85% |
VCTPX vs. TRBFX - Expense Ratio Comparison
VCTPX has a 0.52% expense ratio, which is higher than TRBFX's 0.41% expense ratio.
Dividends
VCTPX vs. TRBFX - Dividend Comparison
VCTPX's dividend yield for the trailing twelve months is around 2.57%, less than TRBFX's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund | 4.83% | 4.95% | 4.48% | 3.64% | 6.11% | 4.99% | 1.38% | 3.27% | 2.34% | 1.61% | 1.10% |
VCTPX VALIC Company I Inflation Protected Fund | 2.57% | 0.00% | 13.97% | 13.35% | 8.00% | 1.86% | 2.20% | 1.63% | 1.98% | 0.39% | 0.00% |
Frequently Asked Questions
VCTPX and TRBFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRBFX has higher volatility (1.01%) compared to VCTPX (0.88%). In terms of maximum drawdown, VCTPX dropped -17.48% vs TRBFX's -7.33%.
VCTPX currently has the higher Sharpe Ratio (1.55 vs 0.68), 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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