VCTPX vs. VCBCX

Last updated Jun 23, 2026

VCTPX (VALIC Company I Inflation Protected Fund) and VCBCX (VALIC Company I Blue Chip Growth Fund) are both mutual funds - VCTPX is a Inflation-Protected Bonds fund managed by VALIC, while VCBCX is a Large Cap Growth Equities fund managed by VALIC. Over the past 10 years, VCTPX returned 2.35%/yr vs 14.24%/yr for VCBCX. At a correlation of -0.03, they often move in opposite directions. VCTPX charges 0.52%/yr vs 0.76%/yr for VCBCX.

Performance

VCTPX vs. VCBCX - Performance Comparison

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

Returns By Period

In the year-to-date period, VCTPX achieves a 2.00% return, which is significantly lower than VCBCX's 2.55% return. Over the past 10 years, VCTPX has underperformed VCBCX with an annualized return of 2.35%, while VCBCX has yielded a comparatively higher 14.24% annualized return.

VCTPX

• 1D: 0.11%
• 1M: 0.45%
• YTD: 2.00%
• 6M: 2.23%
• 1Y: 5.07%
• 3Y*: 2.91%
• 5Y*: 0.95%
• 10Y*: 2.35%

VCBCX

• 1D: 1.32%
• 1M: -1.69%
• YTD: 2.55%
• 6M: 1.99%
• 1Y: 20.83%
• 3Y*: 18.37%
• 5Y*: 7.10%
• 10Y*: 14.24%

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

VCTPX vs. VCBCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCTPX VALIC Company I Inflation Protected Fund	2.00%	4.22%	1.15%	4.03%	-10.23%	5.10%	8.76%	8.66%	-3.13%	4.86%
VCBCX VALIC Company I Blue Chip Growth Fund	2.55%	7.70%	34.71%	44.42%	-38.26%	16.36%	35.27%	29.63%	-3.72%	36.31%

Correlation

The correlation between VCTPX and VCBCX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Dec 21, 2004	-0.03

The correlation between VCTPX and VCBCX shifts across timeframes, from -0.03 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VCTPX vs. VCBCX — Risk / Return Rank

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

VCTPX

VCTPX Risk / Return Rank: 47
VCTPX Sharpe Ratio Rank: 42
VCTPX Sortino Ratio Rank: 45
VCTPX Omega Ratio Rank: 45
VCTPX Calmar Ratio Rank: 63
VCTPX Martin Ratio Rank: 38

VCBCX

VCBCX Risk / Return Rank: 20
VCBCX Sharpe Ratio Rank: 24
VCBCX Sortino Ratio Rank: 23
VCBCX Omega Ratio Rank: 22
VCBCX Calmar Ratio Rank: 15
VCBCX Martin Ratio Rank: 17

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.

VCTPX vs. VCBCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Inflation Protected Fund (VCTPX) and VALIC Company I Blue Chip Growth Fund (VCBCX). 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	VCBCX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.31	+0.45
Sortino ratio: Return per unit of downside risk	2.60	1.85	+0.75
Omega ratio: Gain probability vs. loss probability	1.34	1.23	+0.11
Calmar ratio: Return relative to maximum drawdown	2.91	1.28	+1.63
Martin ratio: Return relative to average drawdown	7.89	4.31	+3.58

VCTPX vs. VCBCX - Sharpe Ratio Comparison

The current VCTPX Sharpe Ratio is 1.76, which is higher than the VCBCX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of VCTPX and VCBCX, 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

VCTPX vs. VCBCX - Drawdown Comparison

The maximum VCTPX drawdown since its inception was -17.48%, smaller than the maximum VCBCX drawdown of -55.01%. Use the drawdown chart below to compare losses from any high point for VCTPX and VCBCX.

Drawdown Indicators

	VCTPX	VCBCX	Difference
Max Drawdown Largest peak-to-trough decline	-17.48%	-55.01%	+37.53%
Max Drawdown (1Y) Largest decline over 1 year	-1.84%	-15.94%	+14.10%
Max Drawdown (3Y) Largest decline over 3 years	-5.19%	-29.70%	+24.51%
Max Drawdown (5Y) Largest decline over 5 years	-12.81%	-43.31%	+30.50%
Max Drawdown (10Y) Largest decline over 10 years	-12.81%	-43.31%	+30.50%
Current Drawdown Current decline from peak	-0.23%	-4.30%	+4.07%
Average Drawdown Average peak-to-trough decline	-5.82%	-13.46%	+7.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	4.72%	-4.04%

Volatility

VCTPX vs. VCBCX - Volatility Comparison

The current volatility for VALIC Company I Inflation Protected Fund (VCTPX) is 0.86%, while VALIC Company I Blue Chip Growth Fund (VCBCX) has a volatility of 5.57%. This indicates that VCTPX experiences smaller price fluctuations and is considered to be less risky than VCBCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VCTPX	VCBCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	5.57%	-4.71%
Volatility (6M) Calculated over the trailing 6-month period	2.19%	12.37%	-10.18%
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	15.58%	-12.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.60%	23.96%	-18.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.86%	22.81%	-17.95%

VCTPX vs. VCBCX - Expense Ratio Comparison

VCTPX has a 0.52% expense ratio, which is lower than VCBCX's 0.76% expense ratio.

Dividends

VCTPX vs. VCBCX - Dividend Comparison

VCTPX's dividend yield for the trailing twelve months is around 2.56%, less than VCBCX's 14.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCBCX VALIC Company I Blue Chip Growth Fund	14.27%	0.00%	10.23%	16.65%	25.75%	8.99%	8.63%	11.48%	0.07%	8.44%
VCTPX VALIC Company I Inflation Protected Fund	2.56%	0.00%	13.97%	13.35%	8.00%	1.86%	2.20%	1.63%	1.98%	0.39%

Frequently Asked Questions

Can I hold both VCTPX and VCBCX in my portfolio?

VCTPX and VCBCX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VCTPX or VCBCX?

VCBCX has higher volatility (5.57%) compared to VCTPX (0.86%). In terms of maximum drawdown, VCTPX dropped -17.48% vs VCBCX's -55.01%.

Which has better risk-adjusted returns?

VCTPX currently has the higher Sharpe Ratio (1.76 vs 1.31), 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.