VGIAX vs. VSMPX

Last updated Aug 2, 2026

VGIAX (Vanguard Growth and Income Fund Admiral Shares) and VSMPX (Vanguard Total Stock Market Index Fund Institutional Plus Shares) are both Large Cap Blend Equities funds from Vanguard. VGIAX is actively managed, while VSMPX is passively managed. Over the past 10 years, VGIAX returned 14.73%/yr vs 14.49%/yr for VSMPX. Their 0.99 correlation means they have historically moved very closely together. VGIAX charges 0.28%/yr vs 0.02%/yr for VSMPX.

Performance

VGIAX vs. VSMPX - Performance Comparison

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

Returns By Period

In the year-to-date period, VGIAX achieves a 7.91% return, which is significantly lower than VSMPX's 9.88% return. Both investments have delivered pretty close results over the past 10 years, with VGIAX having a 14.73% annualized return and VSMPX not far behind at 14.49%.

VGIAX

• 1D: 1.97%
• 1M: -0.59%
• 6M: 6.62%
• YTD: 7.91%
• 1Y: 19.37%
• 3Y*: 19.27%
• 5Y*: 12.80%
• 10Y*: 14.73%
• ALL TIME*: 9.09%

VSMPX

• 1D: 1.63%
• 1M: -0.78%
• 6M: 8.16%
• YTD: 9.88%
• 1Y: 21.12%
• 3Y*: 18.60%
• 5Y*: 11.63%
• 10Y*: 14.49%
• ALL TIME*: 14.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VGIAX Vanguard Growth and Income Fund Admiral Shares	$0.00	$0.00	$0.00
VSMPX Vanguard Total Stock Market Index Fund Institutional Plus Shares	$0.00	$0.00	$0.00

VGIAX vs. VSMPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGIAX Vanguard Growth and Income Fund Admiral Shares	7.91%	19.26%	25.84%	24.83%	-17.18%	28.86%	18.04%	29.77%	-4.61%	19.87%
VSMPX Vanguard Total Stock Market Index Fund Institutional Plus Shares	9.88%	17.15%	23.26%	26.53%	-19.50%	25.74%	21.01%	30.79%	-5.16%	21.19%

Correlation

The correlation between VGIAX and VSMPX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (10Y) Provides a long-term view across more market conditions.	0.99
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.99

The correlation between VGIAX and VSMPX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

VGIAX vs. VSMPX - Sectors Allocation Comparison

Sectors	VGIAX	VSMPX
Technology	30.6%	36.1%
Financial Services	12.5%	11.8%
Consumer Cyclical	11.2%	9.4%
Healthcare	10.6%	9.7%
Communication Services	10.1%	9.1%
Industrials	8.9%	10.2%
Energy	5.8%	3.2%
Consumer Defensive	3.6%	4.3%
Basic Materials	2.9%	1.9%
Utilities	2.4%	2.2%
Real Estate	1.6%	2.3%

Return for Risk

VGIAX vs. VSMPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VGIAX

VGIAX Risk / Return Rank: 48
VGIAX Sharpe Ratio Rank: 47
VGIAX Sortino Ratio Rank: 44
VGIAX Omega Ratio Rank: 44
VGIAX Calmar Ratio Rank: 49
VGIAX Martin Ratio Rank: 59

VSMPX

VSMPX Risk / Return Rank: 64
VSMPX Sharpe Ratio Rank: 61
VSMPX Sortino Ratio Rank: 58
VSMPX Omega Ratio Rank: 57
VSMPX Calmar Ratio Rank: 66
VSMPX Martin Ratio Rank: 78

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.

VGIAX vs. VSMPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth and Income Fund Admiral Shares (VGIAX) and Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX). 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.

	VGIAX	VSMPX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.43	-0.18
Sortino ratio: Return per unit of downside risk	1.77	2.01	-0.24
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	1.78	2.10	-0.32
Martin ratio: Return relative to average drawdown	7.48	9.09	-1.61

VGIAX vs. VSMPX - Sharpe Ratio Comparison

The current VGIAX Sharpe Ratio is 1.25, which is comparable to the VSMPX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of VGIAX and VSMPX, 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

VGIAX vs. VSMPX - Drawdown Comparison

The maximum VGIAX drawdown since its inception was -56.85%, which is greater than VSMPX's maximum drawdown of -34.97%. Use the drawdown chart below to compare losses from any high point for VGIAX and VSMPX.

Drawdown Indicators

	VGIAX	VSMPX	Difference
Max Drawdown Largest peak-to-trough decline	-56.85%	-34.97%	-21.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.73%	-8.92%	-0.81%
Max Drawdown (3Y) Largest decline over 3 years	-19.66%	-19.36%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	-23.30%	-25.35%	+2.05%
Max Drawdown (10Y) Largest decline over 10 years	-34.33%	-34.97%	+0.64%
Current Drawdown Current decline from peak	-2.32%	-1.89%	-0.43%
Average Drawdown Average peak-to-trough decline	-9.29%	-4.55%	-4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.06%	+0.25%

Volatility

VGIAX vs. VSMPX - Volatility Comparison

Vanguard Growth and Income Fund Admiral Shares (VGIAX) has a higher volatility of 3.88% compared to Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX) at 3.41%. This indicates that VGIAX's price experiences larger fluctuations and is considered to be riskier than VSMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGIAX	VSMPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	3.41%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	10.27%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	13.13%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.27%	17.47%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.24%	18.41%	-0.17%

VGIAX vs. VSMPX - Expense Ratio Comparison

VGIAX has a 0.28% expense ratio, which is higher than VSMPX's 0.02% expense ratio.

Dividends

VGIAX vs. VSMPX - Dividend Comparison

VGIAX's dividend yield for the trailing twelve months is around 10.04%, more than VSMPX's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGIAX Vanguard Growth and Income Fund Admiral Shares	10.04%	10.72%	11.67%	8.70%	9.81%	15.28%	6.63%	4.19%	8.05%	5.06%	7.01%	7.72%
VSMPX Vanguard Total Stock Market Index Fund Institutional Plus Shares	1.07%	1.13%	1.27%	1.43%	1.67%	1.22%	1.43%	1.78%	2.05%	1.73%	1.95%	0.00%

Frequently Asked Questions

Can I hold both VGIAX and VSMPX in my portfolio?

With a correlation of 0.99, VGIAX and VSMPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VGIAX or VSMPX?

VGIAX has higher volatility (3.88%) compared to VSMPX (3.41%). In terms of maximum drawdown, VGIAX dropped -56.85% vs VSMPX's -34.97%.

Which has better risk-adjusted returns?

VSMPX currently has the higher Sharpe Ratio (1.43 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.