VCTR vs. AGX

Last updated Jun 3, 2026

VCTR (Victory Capital Holdings, Inc.) and AGX (Argan, Inc.) are both stocks. VCTR operates in Asset Management (Financial Services), while AGX operates in Engineering & Construction (Industrials). Over the past 5 years, VCTR returned 26.83%/yr vs 71.91%/yr for AGX. At a 0.27 correlation, their price movements are largely independent.

Performance

VCTR vs. AGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Capital Holdings, Inc. (VCTR) and Argan, Inc. (AGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCTR achieves a 35.79% return, which is significantly lower than AGX's 112.09% return.

VCTR

• 1D: 0.46%
• 1M: 9.21%
• YTD: 35.79%
• 6M: 42.10%
• 1Y: 41.29%
• 3Y*: 42.39%
• 5Y*: 26.83%
• 10Y*: —

AGX

• 1D: 2.51%
• 1M: -5.57%
• YTD: 112.09%
• 6M: 85.89%
• 1Y: 217.67%
• 3Y*: 156.33%
• 5Y*: 71.91%
• 10Y*: 38.10%

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

VCTR vs. AGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VCTR Victory Capital Holdings, Inc.	35.79%	-0.76%	95.94%	33.46%	-23.85%	49.73%	19.73%	106.30%	-11.90%
AGX Argan, Inc.	112.09%	130.61%	198.31%	30.24%	-2.01%	-11.64%	19.15%	8.62%	-0.88%

Correlation

The correlation between VCTR and AGX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Feb 9, 2018	0.27

The correlation between VCTR and AGX shifts across timeframes, from 0.18 (1 year) to 0.35 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap VCTR : $5.48B AGX : $9.40B
EPS VCTR : $6.79 AGX : $9.73
PE Ratio VCTR : 12.52 AGX : 68.14
PEG Ratio VCTR : 5.35 AGX : 1.24
PS Ratio VCTR : 3.84 AGX : 9.94
PB Ratio VCTR : 2.32 AGX : 20.34
Total Revenue (TTM) VCTR : $1.47B AGX : $944.61M
Gross Profit (TTM) VCTR : $766.06M AGX : $193.68M
EBITDA (TTM) VCTR : $615.91M AGX : $134.70M

Return for Risk

VCTR vs. AGX — Risk / Return Rank

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

VCTR

VCTR Risk / Return Rank: 75
VCTR Sharpe Ratio Rank: 78
VCTR Sortino Ratio Rank: 73
VCTR Omega Ratio Rank: 71
VCTR Calmar Ratio Rank: 76
VCTR Martin Ratio Rank: 75

AGX

AGX Risk / Return Rank: 93
AGX Sharpe Ratio Rank: 94
AGX Sortino Ratio Rank: 92
AGX Omega Ratio Rank: 89
AGX Calmar Ratio Rank: 96
AGX Martin Ratio Rank: 96

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.

VCTR vs. AGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Capital Holdings, Inc. (VCTR) and Argan, Inc. (AGX). 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.

	VCTR	AGX	Difference
Sharpe ratio Return per unit of total volatility	1.35	2.94	-1.59
Sortino ratio Return per unit of downside risk	1.97	3.47	-1.50
Omega ratio Gain probability vs. loss probability	1.24	1.43	-0.19
Calmar ratio Return relative to maximum drawdown	2.28	8.70	-6.42
Martin ratio Return relative to average drawdown	5.16	23.06	-17.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCTR vs. AGX - Sharpe Ratio Comparison

The current VCTR Sharpe Ratio is 1.35, which is lower than the AGX Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of VCTR and AGX, 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

	VCTR	AGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	2.94	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	1.43	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.05	+0.71

Drawdowns

VCTR vs. AGX - Drawdown Comparison

The maximum VCTR drawdown since its inception was -45.22%, smaller than the maximum AGX drawdown of -94.37%. Use the drawdown chart below to compare losses from any high point for VCTR and AGX.

Drawdown Indicators

	VCTR	AGX	Difference
Max Drawdown Largest peak-to-trough decline	-45.22%	-94.37%	+49.15%
Max Drawdown (1Y) Largest decline over 1 year	-18.13%	-24.96%	+6.83%
Max Drawdown (3Y) Largest decline over 3 years	-28.06%	-43.75%	+15.69%
Max Drawdown (5Y) Largest decline over 5 years	-45.22%	-43.75%	-1.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.61%	—
Current Drawdown Current decline from peak	-3.26%	-10.50%	+7.24%
Average Drawdown Average peak-to-trough decline	-14.76%	-48.37%	+33.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.00%	9.42%	-1.42%

Volatility

VCTR vs. AGX - Volatility Comparison

The current volatility for Victory Capital Holdings, Inc. (VCTR) is 9.59%, while Argan, Inc. (AGX) has a volatility of 14.62%. This indicates that VCTR experiences smaller price fluctuations and is considered to be less risky than AGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VCTR	AGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	14.62%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	23.14%	55.20%	-32.06%
Volatility (1Y) Calculated over the trailing 1-year period	30.80%	74.51%	-43.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.94%	50.60%	-15.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.96%	46.01%	-7.05%

Dividends

VCTR vs. AGX - Dividend Comparison

VCTR's dividend yield for the trailing twelve months is around 2.30%, more than AGX's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGX Argan, Inc.	0.28%	0.52%	0.93%	2.24%	2.71%	1.94%	7.31%	2.49%	1.98%	4.44%	1.42%	2.16%
VCTR Victory Capital Holdings, Inc.	2.30%	3.07%	2.38%	3.72%	3.73%	1.45%	0.93%	0.48%	0.00%	0.00%	0.00%	0.00%

Financials

VCTR vs. AGX - Profitability Comparison

The chart below illustrates the profitability comparison between Victory Capital Holdings, Inc. and Argan, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VCTR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Victory Capital Holdings, Inc. reported a gross profit of 0.00 and revenue of 387.99M. Therefore, the gross margin over that period was 0.0%.

AGX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a gross profit of 65.60M and revenue of 262.05M. Therefore, the gross margin over that period was 25.0%.

VCTR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Victory Capital Holdings, Inc. reported an operating income of 159.19M and revenue of 387.99M, resulting in an operating margin of 41.0%.

AGX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported an operating income of 47.67M and revenue of 262.05M, resulting in an operating margin of 18.2%.

VCTR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Victory Capital Holdings, Inc. reported a net income of 183.58M and revenue of 387.99M, resulting in a net margin of 47.3%.

AGX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a net income of 49.21M and revenue of 262.05M, resulting in a net margin of 18.8%.

Frequently Asked Questions

Can I hold both VCTR and AGX in my portfolio?

VCTR and AGX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VCTR or AGX?

AGX has higher volatility (14.62%) compared to VCTR (9.59%). In terms of maximum drawdown, VCTR dropped -45.22% vs AGX's -94.37%.

Which has better risk-adjusted returns?

AGX currently has the higher Sharpe Ratio (2.94 vs 1.35), 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.