VFIAX vs. VQNPX

Last updated Apr 9, 2026

VFIAX (Vanguard 500 Index Fund Admiral Shares) and VQNPX (Vanguard Growth and Income Fund Investor Shares) are both Large Cap Blend Equities funds from Vanguard. Over the past 10 years, VFIAX returned 14.32%/yr vs 14.01%/yr for VQNPX. With a 0.99 correlation, they move nearly in lockstep. VFIAX charges 0.04%/yr vs 0.32%/yr for VQNPX.

Performance

VFIAX vs. VQNPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard Growth and Income Fund Investor Shares (VQNPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFIAX achieves a -3.04% return, which is significantly higher than VQNPX's -3.73% return. Both investments have delivered pretty close results over the past 10 years, with VFIAX having a 14.32% annualized return and VQNPX not far behind at 14.01%.

VFIAX

• 1D: 0.08%
• 1M: -2.55%
• YTD: -3.04%
• 6M: -1.46%
• 1Y: 34.41%
• 3Y*: 18.83%
• 5Y*: 11.62%
• 10Y*: 14.32%

VQNPX

• 1D: 0.09%
• 1M: -2.60%
• YTD: -3.73%
• 6M: -1.45%
• 1Y: 36.40%
• 3Y*: 19.27%
• 5Y*: 11.66%
• 10Y*: 14.01%

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

VFIAX vs. VQNPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFIAX Vanguard 500 Index Fund Admiral Shares	-3.04%	17.83%	24.97%	26.24%	-18.16%	28.65%	18.32%	31.46%	-4.45%	21.78%
VQNPX Vanguard Growth and Income Fund Investor Shares	-3.73%	19.13%	25.72%	24.72%	-17.26%	28.74%	17.90%	29.66%	-4.70%	19.82%

Correlation

The correlation between VFIAX and VQNPX is 0.99 — these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Nov 14, 2000	0.99

The correlation between VFIAX and VQNPX has been stable across timeframes, ranging from 0.99 to 0.99 — a consistent structural relationship.

VFIAX vs. VQNPX - Expense Ratio Comparison

VFIAX has a 0.04% expense ratio, which is lower than VQNPX's 0.32% expense ratio.

Return for Risk

VFIAX vs. VQNPX — Risk / Return Rank

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

VFIAX

VFIAX Risk / Return Rank: 72
VFIAX Sharpe Ratio Rank: 57
VFIAX Sortino Ratio Rank: 64
VFIAX Omega Ratio Rank: 64
VFIAX Calmar Ratio Rank: 84
VFIAX Martin Ratio Rank: 90

VQNPX

VQNPX Risk / Return Rank: 74
VQNPX Sharpe Ratio Rank: 64
VQNPX Sortino Ratio Rank: 69
VQNPX Omega Ratio Rank: 66
VQNPX Calmar Ratio Rank: 83
VQNPX Martin Ratio Rank: 89

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.

VFIAX vs. VQNPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard Growth and Income Fund Investor Shares (VQNPX). 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.

	VFIAX	VQNPX	Difference
Sharpe ratio Return per unit of total volatility	1.96	2.09	-0.13
Sortino ratio Return per unit of downside risk	3.15	3.26	-0.11
Omega ratio Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio Return relative to maximum drawdown	2.71	2.70	+0.01
Martin ratio Return relative to average drawdown	12.18	12.05	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFIAX vs. VQNPX - Sharpe Ratio Comparison

The current VFIAX Sharpe Ratio is 1.96, which is comparable to the VQNPX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of VFIAX and VQNPX, 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

	VFIAX	VQNPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	2.09	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.69	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.77	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.60	-0.16

Drawdowns

VFIAX vs. VQNPX - Drawdown Comparison

The maximum VFIAX drawdown since its inception was -55.20%, roughly equal to the maximum VQNPX drawdown of -55.93%. Use the drawdown chart below to compare losses from any high point for VFIAX and VQNPX.

Drawdown Indicators

	VFIAX	VQNPX	Difference
Max Drawdown Largest peak-to-trough decline	-55.20%	-55.93%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-9.75%	+0.85%
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	-23.36%	-1.17%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-34.33%	+0.50%
Current Drawdown Current decline from peak	-4.95%	-5.73%	+0.78%
Average Drawdown Average peak-to-trough decline	-9.45%	-8.90%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.18%	-0.20%

Volatility

VFIAX vs. VQNPX - Volatility Comparison

Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard Growth and Income Fund Investor Shares (VQNPX) have volatilities of 5.18% and 5.31%, 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

	VFIAX	VQNPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.18%	5.31%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	10.21%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	16.63%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	17.10%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	18.19%	-0.15%

Dividends

VFIAX vs. VQNPX - Dividend Comparison

VFIAX's dividend yield for the trailing twelve months is around 1.17%, less than VQNPX's 11.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VFIAX Vanguard 500 Index Fund Admiral Shares	1.17%	1.12%	1.24%	1.45%	1.68%	1.24%	1.53%	1.87%	2.05%	1.78%	2.02%	2.10%
VQNPX Vanguard Growth and Income Fund Investor Shares	11.01%	10.60%	11.56%	8.60%	9.69%	15.16%	6.53%	4.09%	7.92%	5.01%	6.90%	7.60%