VDAFX vs. VGLSX

Last updated Jun 24, 2026

VDAFX (VALIC Company I Dynamic Allocation Fund) and VGLSX (VALIC Company I Global Strategy Fund) are both mutual funds - VDAFX is a Diversified Portfolio fund managed by VALIC, while VGLSX is a Global Allocation fund managed by VALIC. Over the past 10 years, VDAFX returned 7.37%/yr vs 6.89%/yr for VGLSX. Their correlation of 0.90 suggests significant overlap in exposure. VDAFX charges 0.32%/yr vs 0.79%/yr for VGLSX.

Performance

VDAFX vs. VGLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VALIC Company I Dynamic Allocation Fund (VDAFX) and VALIC Company I Global Strategy Fund (VGLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDAFX achieves a 5.52% return, which is significantly lower than VGLSX's 9.98% return. Over the past 10 years, VDAFX has outperformed VGLSX with an annualized return of 7.37%, while VGLSX has yielded a comparatively lower 6.89% annualized return.

VDAFX

• 1D: -0.35%
• 1M: 0.44%
• YTD: 5.52%
• 6M: 4.87%
• 1Y: 14.47%
• 3Y*: 11.19%
• 5Y*: 4.92%
• 10Y*: 7.37%

VGLSX

• 1D: 0.08%
• 1M: 1.45%
• YTD: 9.98%
• 6M: 9.88%
• 1Y: 24.33%
• 3Y*: 15.77%
• 5Y*: 7.13%
• 10Y*: 6.89%

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

VDAFX vs. VGLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VDAFX VALIC Company I Dynamic Allocation Fund	5.52%	7.87%	12.77%	13.23%	-16.05%	10.25%	11.15%	20.27%	-10.50%	20.24%
VGLSX VALIC Company I Global Strategy Fund	9.98%	16.06%	12.15%	15.50%	-16.78%	8.59%	3.91%	9.79%	-9.49%	13.58%

Correlation

The correlation between VDAFX and VGLSX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012	0.90

The correlation between VDAFX and VGLSX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

VDAFX vs. VGLSX — Risk / Return Rank

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

VDAFX

VDAFX Risk / Return Rank: 51
VDAFX Sharpe Ratio Rank: 48
VDAFX Sortino Ratio Rank: 48
VDAFX Omega Ratio Rank: 45
VDAFX Calmar Ratio Rank: 54
VDAFX Martin Ratio Rank: 60

VGLSX

VGLSX Risk / Return Rank: 87
VGLSX Sharpe Ratio Rank: 92
VGLSX Sortino Ratio Rank: 90
VGLSX Omega Ratio Rank: 86
VGLSX Calmar Ratio Rank: 80
VGLSX Martin Ratio Rank: 85

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.

VDAFX vs. VGLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Dynamic Allocation Fund (VDAFX) 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.

	VDAFX	VGLSX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.86	-0.96
Sortino ratio: Return per unit of downside risk	2.69	4.06	-1.37
Omega ratio: Gain probability vs. loss probability	1.34	1.55	-0.21
Calmar ratio: Return relative to maximum drawdown	2.69	3.46	-0.78
Martin ratio: Return relative to average drawdown	11.22	14.80	-3.59

VDAFX vs. VGLSX - Sharpe Ratio Comparison

The current VDAFX Sharpe Ratio is 1.89, which is lower than the VGLSX Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of VDAFX and VGLSX, 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

VDAFX vs. VGLSX - Drawdown Comparison

The maximum VDAFX drawdown since its inception was -22.10%, smaller than the maximum VGLSX drawdown of -44.78%. Use the drawdown chart below to compare losses from any high point for VDAFX and VGLSX.

Drawdown Indicators

	VDAFX	VGLSX	Difference
Max Drawdown Largest peak-to-trough decline	-22.10%	-44.78%	+22.68%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	-7.23%	+1.53%
Max Drawdown (3Y) Largest decline over 3 years	-13.22%	-14.42%	+1.20%
Max Drawdown (5Y) Largest decline over 5 years	-20.52%	-23.13%	+2.61%
Max Drawdown (10Y) Largest decline over 10 years	-22.10%	-25.65%	+3.55%
Current Drawdown Current decline from peak	-1.13%	-0.40%	-0.73%
Average Drawdown Average peak-to-trough decline	-5.92%	-12.08%	+6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	1.68%	-0.32%

Volatility

VDAFX vs. VGLSX - Volatility Comparison

VALIC Company I Dynamic Allocation Fund (VDAFX) and VALIC Company I Global Strategy Fund (VGLSX) have volatilities of 3.39% and 3.47%, 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

	VDAFX	VGLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.47%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	6.49%	7.48%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	8.12%	8.79%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.68%	10.35%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.91%	10.91%	0.00%

VDAFX vs. VGLSX - Expense Ratio Comparison

VDAFX has a 0.32% expense ratio, which is lower than VGLSX's 0.79% expense ratio.

Dividends

VDAFX vs. VGLSX - Dividend Comparison

VDAFX's dividend yield for the trailing twelve months is around 5.00%, more than VGLSX's 2.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VDAFX VALIC Company I Dynamic Allocation Fund	5.00%	0.00%	5.99%	7.99%	16.76%	11.16%	5.50%	6.88%	1.43%	2.28%
VGLSX VALIC Company I Global Strategy Fund	2.95%	0.00%	0.00%	9.08%	0.00%	4.06%	12.91%	10.88%	0.00%	2.64%

Frequently Asked Questions

Can I hold both VDAFX and VGLSX in my portfolio?

VDAFX and VGLSX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VDAFX or VGLSX?

VGLSX has higher volatility (3.47%) compared to VDAFX (3.39%). In terms of maximum drawdown, VDAFX dropped -22.10% vs VGLSX's -44.78%.

Which has better risk-adjusted returns?

VGLSX currently has the higher Sharpe Ratio (2.85 vs 1.89), 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.