VFICX vs. PRSGX

Last updated Jun 24, 2026

VFICX (Vanguard Intermediate-Term Investment-Grade Fund Investor Shares) and PRSGX (T. Rowe Price Spectrum Diversified Equity Fund) are both mutual funds - VFICX is a Total Bond Market fund managed by Vanguard, while PRSGX is a Large Cap Blend Equities fund managed by T. Rowe Price. Over the past 10 years, VFICX returned 2.59%/yr vs 12.30%/yr for PRSGX. At a correlation of -0.07, they often move in opposite directions. VFICX charges 0.20%/yr vs 0.73%/yr for PRSGX.

Performance

VFICX vs. PRSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and T. Rowe Price Spectrum Diversified Equity Fund (PRSGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFICX achieves a -0.19% return, which is significantly lower than PRSGX's 7.84% return. Over the past 10 years, VFICX has underperformed PRSGX with an annualized return of 2.59%, while PRSGX has yielded a comparatively higher 12.30% annualized return.

VFICX

• 1D: -0.34%
• 1M: 0.42%
• YTD: -0.19%
• 6M: 0.33%
• 1Y: 5.07%
• 3Y*: 5.98%
• 5Y*: 1.10%
• 10Y*: 2.59%

PRSGX

• 1D: -0.33%
• 1M: 0.40%
• YTD: 7.84%
• 6M: 6.75%
• 1Y: 19.82%
• 3Y*: 16.88%
• 5Y*: 8.59%
• 10Y*: 12.30%

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

VFICX vs. PRSGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares	-0.19%	9.55%	3.21%	8.53%	-13.86%	-1.59%	10.33%	10.39%	-0.56%	4.17%
PRSGX T. Rowe Price Spectrum Diversified Equity Fund	7.84%	14.59%	17.16%	20.89%	-18.86%	20.65%	18.34%	27.08%	-8.66%	24.22%

Correlation

The correlation between VFICX and PRSGX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Oct 29, 1993	-0.07

The correlation between VFICX and PRSGX shifts across timeframes, from -0.07 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VFICX vs. PRSGX — Risk / Return Rank

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

VFICX

VFICX Risk / Return Rank: 22
VFICX Sharpe Ratio Rank: 22
VFICX Sortino Ratio Rank: 24
VFICX Omega Ratio Rank: 22
VFICX Calmar Ratio Rank: 22
VFICX Martin Ratio Rank: 23

PRSGX

PRSGX Risk / Return Rank: 45
PRSGX Sharpe Ratio Rank: 41
PRSGX Sortino Ratio Rank: 41
PRSGX Omega Ratio Rank: 41
PRSGX Calmar Ratio Rank: 45
PRSGX Martin Ratio Rank: 56

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.

VFICX vs. PRSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and T. Rowe Price Spectrum Diversified Equity Fund (PRSGX). 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.

	VFICX	PRSGX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.74	-0.49
Sortino ratio: Return per unit of downside risk	1.89	2.48	-0.59
Omega ratio: Gain probability vs. loss probability	1.23	1.32	-0.10
Calmar ratio: Return relative to maximum drawdown	1.60	2.43	-0.83
Martin ratio: Return relative to average drawdown	5.18	10.63	-5.45

VFICX vs. PRSGX - Sharpe Ratio Comparison

The current VFICX Sharpe Ratio is 1.25, which is comparable to the PRSGX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of VFICX and PRSGX, 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

VFICX vs. PRSGX - Drawdown Comparison

The maximum VFICX drawdown since its inception was -20.24%, smaller than the maximum PRSGX drawdown of -56.47%. Use the drawdown chart below to compare losses from any high point for VFICX and PRSGX.

Drawdown Indicators

	VFICX	PRSGX	Difference
Max Drawdown Largest peak-to-trough decline	-20.24%	-56.47%	+36.23%
Max Drawdown (1Y) Largest decline over 1 year	-3.34%	-8.88%	+5.54%
Max Drawdown (3Y) Largest decline over 3 years	-6.10%	-17.48%	+11.38%
Max Drawdown (5Y) Largest decline over 5 years	-20.24%	-26.86%	+6.62%
Max Drawdown (10Y) Largest decline over 10 years	-20.24%	-34.52%	+14.28%
Current Drawdown Current decline from peak	-1.66%	-0.83%	-0.83%
Average Drawdown Average peak-to-trough decline	-2.49%	-7.45%	+4.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	2.01%	-0.98%

Volatility

VFICX vs. PRSGX - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) is 1.33%, while T. Rowe Price Spectrum Diversified Equity Fund (PRSGX) has a volatility of 4.51%. This indicates that VFICX experiences smaller price fluctuations and is considered to be less risky than PRSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFICX	PRSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	4.51%	-3.18%
Volatility (6M) Calculated over the trailing 6-month period	3.24%	10.16%	-6.92%
Volatility (1Y) Calculated over the trailing 1-year period	4.26%	12.40%	-8.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.39%	16.13%	-9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.20%	17.24%	-12.04%

VFICX vs. PRSGX - Expense Ratio Comparison

VFICX has a 0.20% expense ratio, which is lower than PRSGX's 0.73% expense ratio.

Dividends

VFICX vs. PRSGX - Dividend Comparison

VFICX's dividend yield for the trailing twelve months is around 5.01%, less than PRSGX's 13.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRSGX T. Rowe Price Spectrum Diversified Equity Fund	13.90%	14.99%	6.66%	4.93%	10.33%	6.54%	13.48%	9.06%	11.25%	6.98%	6.39%	11.48%
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares	5.01%	4.81%	4.57%	3.81%	3.09%	3.53%	5.70%	3.03%	3.20%	2.96%	3.84%	3.54%

Frequently Asked Questions

Can I hold both VFICX and PRSGX in my portfolio?

VFICX and PRSGX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFICX or PRSGX?

PRSGX has higher volatility (4.51%) compared to VFICX (1.33%). In terms of maximum drawdown, VFICX dropped -20.24% vs PRSGX's -56.47%.

Which has better risk-adjusted returns?

PRSGX currently has the higher Sharpe Ratio (1.74 vs 1.25), 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.