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VEIRX vs. VGIAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEIRX vs. VGIAX

Last updated Aug 4, 2026
Documentation

VEIRX (Vanguard Equity Income Fund Admiral Shares) and VGIAX (Vanguard Growth and Income Fund Admiral Shares) are both mutual funds - VEIRX is a Dividend fund actively managed by Vanguard, while VGIAX is a Large Cap Blend Equities fund actively managed by Vanguard. Both are actively managed. Over the past 10 years, VEIRX returned 11.87%/yr vs 14.89%/yr for VGIAX. Their correlation of 0.90 means they have usually moved in the same direction. VEIRX charges 0.19%/yr vs 0.28%/yr for VGIAX.

Performance

VEIRX vs. VGIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Growth and Income Fund Admiral Shares (VGIAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VEIRX achieves a 11.85% return, which is significantly higher than VGIAX's 8.64% return. Over the past 10 years, VEIRX has underperformed VGIAX with an annualized return of 11.87%, while VGIAX has yielded a comparatively higher 14.89% annualized return.

VEIRX

1D
-0.01%
1M
1.91%
6M
7.76%
YTD
11.85%
1Y
23.30%
3Y*
15.64%
5Y*
11.73%
10Y*
11.87%
ALL TIME*
9.07%

VGIAX

1D
0.68%
1M
0.08%
6M
6.77%
YTD
8.64%
1Y
20.18%
3Y*
19.63%
5Y*
12.95%
10Y*
14.89%
ALL TIME*
9.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VEIRX

Vanguard Equity Income Fund Admiral Shares
$0.00$0.00$0.00

VGIAX

Vanguard Growth and Income Fund Admiral Shares
$0.00$0.00$0.00

VEIRX vs. VGIAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEIRX
Vanguard Equity Income Fund Admiral Shares		11.85%17.25%14.91%7.76%-0.08%25.49%3.08%25.34%-5.68%17.68%
VGIAX
Vanguard Growth and Income Fund Admiral Shares		8.64%19.26%25.84%24.83%-17.18%28.86%18.04%29.77%-4.61%19.87%

Correlation

The correlation between VEIRX and VGIAX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.57

Correlation (3Y)
Balances recent behavior with more history.

0.65

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.75

Correlation (10Y)
Provides a long-term view across more market conditions.

0.81

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2001

0.90

Over the past year, the correlation between VEIRX and VGIAX has dropped to 0.57 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

VEIRX vs. VGIAX - Sectors Allocation Comparison

Sectors
VEIRX
VGIAX

Financial Services

19.8%
12.5%

Healthcare

14.8%
10.6%

Technology

14.1%
30.6%

Industrials

9.4%
8.9%

Consumer Defensive

9.4%
3.6%

Energy

8.3%
5.8%

Utilities

7.0%
2.4%

Consumer Cyclical

5.8%
11.2%

Basic Materials

3.6%
2.9%

Communication Services

2.9%
10.1%

Real Estate

2.5%
1.6%

Financial Services

VEIRX
19.8%
VGIAX
12.5%

Healthcare

VEIRX
14.8%
VGIAX
10.6%

Technology

VEIRX
14.1%
VGIAX
30.6%

Industrials

VEIRX
9.4%
VGIAX
8.9%

Consumer Defensive

VEIRX
9.4%
VGIAX
3.6%

Energy

VEIRX
8.3%
VGIAX
5.8%

Utilities

VEIRX
7.0%
VGIAX
2.4%

Consumer Cyclical

VEIRX
5.8%
VGIAX
11.2%

Basic Materials

VEIRX
3.6%
VGIAX
2.9%

Communication Services

VEIRX
2.9%
VGIAX
10.1%

Real Estate

VEIRX
2.5%
VGIAX
1.6%

Compare stocks, funds, or ETFs

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Vanguard Equity Income Fund Admiral Shares

Vanguard Growth and Income Fund Admiral Shares

Often compared with VEIRX:
VEIRX vs. SCHDVEIRX vs. VFIAXVEIRX vs. VOOVEIRX vs. VWENXVEIRX vs. VWIAXVEIRX vs. VDADXVEIRX vs. VDIGX
Often compared with VGIAX:
VGIAX vs. VOOVGIAX vs. VUGVGIAX vs. VTSAXVGIAX vs. VDIGXVGIAX vs. KSCOXVGIAX vs. VADGXVGIAX vs. DODIX

Return for Risk

VEIRX vs. VGIAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VEIRX
VEIRX Risk / Return Rank: 8686
Overall Rank
VEIRX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VEIRX Sortino Ratio Rank: 8686
Sortino Ratio Rank
VEIRX Omega Ratio Rank: 8383
Omega Ratio Rank
VEIRX Calmar Ratio Rank: 8787
Calmar Ratio Rank
VEIRX Martin Ratio Rank: 8787
Martin Ratio Rank
VGIAX
VGIAX Risk / Return Rank: 4444
Overall Rank
VGIAX Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
VGIAX Sortino Ratio Rank: 3939
Sortino Ratio Rank
VGIAX Omega Ratio Rank: 4040
Omega Ratio Rank
VGIAX Calmar Ratio Rank: 4444
Calmar Ratio Rank
VGIAX Martin Ratio Rank: 5656
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VEIRX vs. VGIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Growth and Income Fund Admiral Shares (VGIAX). 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.

VEIRXVGIAXDifference
Sharpe ratioReturn per unit of total volatility
2.19
1.32

+0.86

Sortino ratioReturn per unit of downside risk
3.13
1.86

+1.27

Omega ratioGain probability vs. loss probability

1.40

1.24

+0.17

Calmar ratioReturn relative to maximum drawdown

3.12

1.88

+1.24

Martin ratioReturn relative to average drawdown

11.78

7.90

+3.88

VEIRX vs. VGIAX - Sharpe Ratio Comparison

The current VEIRX Sharpe Ratio is 2.19, which is higher than the VGIAX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of VEIRX and VGIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VEIRX vs. VGIAX - Drawdown Comparison

The maximum VEIRX drawdown since its inception was -54.02%, roughly equal to the maximum VGIAX drawdown of -56.85%. Use the drawdown chart below to compare losses from any high point for VEIRX and VGIAX.

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Drawdown Indicators

VEIRXVGIAXDifference

Max Drawdown

Largest peak-to-trough decline

-54.02%

-56.85%

+2.83%

Max Drawdown (1Y)

Largest decline over 1 year

-7.13%

-9.73%

+2.60%

Max Drawdown (3Y)

Largest decline over 3 years

-13.36%

-19.66%

+6.30%

Max Drawdown (5Y)

Largest decline over 5 years

-15.12%

-23.30%

+8.18%

Max Drawdown (10Y)

Largest decline over 10 years

-35.26%

-34.33%

-0.93%

Current Drawdown

Current decline from peak

-0.86%

-1.66%

+0.80%

Average Drawdown

Average peak-to-trough decline

-6.46%

-9.29%

+2.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

2.31%

-0.42%

Volatility

VEIRX vs. VGIAX - Volatility Comparison

The current volatility for Vanguard Equity Income Fund Admiral Shares (VEIRX) is 2.57%, while Vanguard Growth and Income Fund Admiral Shares (VGIAX) has a volatility of 3.92%. This indicates that VEIRX experiences smaller price fluctuations and is considered to be less risky than VGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEIRXVGIAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.57%

3.92%

-1.35%

Volatility (6M)

Calculated over the trailing 6-month period

7.37%

10.88%

-3.51%

Volatility (1Y)

Calculated over the trailing 1-year period

10.27%

13.81%

-3.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

17.27%

-3.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.25%

18.24%

-1.99%

VEIRX vs. VGIAX - Expense Ratio Comparison

VEIRX has a 0.19% expense ratio, which is lower than VGIAX's 0.28% expense ratio.

Dividends

VEIRX vs. VGIAX - Dividend Comparison

VEIRX's dividend yield for the trailing twelve months is around 9.92%, which matches VGIAX's 9.97% yield.

PositionTTM20252024202320222021202020192018201720162015
VEIRX
Vanguard Equity Income Fund Admiral Shares		9.92%11.03%9.83%7.96%8.79%7.71%2.86%4.45%10.98%3.04%3.87%6.48%
VGIAX
Vanguard Growth and Income Fund Admiral Shares		9.97%10.72%11.67%8.70%9.81%15.28%6.63%4.19%8.05%5.06%7.01%7.72%

Frequently Asked Questions

VEIRX and VGIAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VGIAX has higher volatility (3.92%) compared to VEIRX (2.57%). In terms of maximum drawdown, VEIRX dropped -54.02% vs VGIAX's -56.85%.

VEIRX currently has the higher Sharpe Ratio (2.19 vs 1.32), 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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