VGREX vs. VCGSX
VGREX (VALIC Company I Global Real Estate Fund) and VCGSX (VALIC Company I Government Securities Fund) are both mutual funds - VGREX is a REIT fund managed by VALIC, while VCGSX is a Government Bonds fund managed by VALIC. Over the past 10 years, VGREX returned 3.38%/yr vs 0.57%/yr for VCGSX. Their -0.01 correlation means they have often moved in opposite directions in the past. VGREX charges 0.86%/yr vs 0.65%/yr for VCGSX.
Performance
VGREX vs. VCGSX - Performance Comparison
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Returns By Period
In the year-to-date period, VGREX achieves a 14.91% return, which is significantly higher than VCGSX's -0.53% return. Over the past 10 years, VGREX has outperformed VCGSX with an annualized return of 3.38%, while VCGSX has yielded a comparatively lower 0.57% annualized return.
VGREX
- 1D
- -0.13%
- 1M
- 2.73%
- 6M
- 11.90%
- YTD
- 14.91%
- 1Y
- 19.46%
- 3Y*
- 9.09%
- 5Y*
- 0.83%
- 10Y*
- 3.38%
- ALL TIME*
- 0.42%
VCGSX
- 1D
- 0.00%
- 1M
- -0.85%
- 6M
- -0.73%
- YTD
- -0.53%
- 1Y
- 1.59%
- 3Y*
- 2.35%
- 5Y*
- -0.99%
- 10Y*
- 0.57%
- ALL TIME*
- 0.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VGREX vs. VCGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGREX VALIC Company I Global Real Estate Fund | 14.91% | 5.83% | 1.41% | 9.90% | -25.89% | 22.67% | -6.03% | 24.50% | -7.18% | 13.82% |
VCGSX VALIC Company I Government Securities Fund | -0.53% | 3.55% | 1.15% | 4.22% | -11.17% | -2.31% | 6.61% | 6.51% | 0.52% | 2.04% |
Correlation
The correlation between VGREX and VCGSX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2008 | -0.01 |
The correlation between VGREX and VCGSX shifts across timeframes, from -0.01 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VGREX vs. VCGSX — Risk / Return Rank
VGREX
VCGSX
VGREX vs. VCGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Global Real Estate Fund (VGREX) and VALIC Company I Government Securities Fund (VCGSX). 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.
| VGREX | VCGSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.12 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 0.81 | +0.92 |
| Martin ratioReturn relative to average drawdown | 6.52 | 2.00 | +4.51 |
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Drawdowns
VGREX vs. VCGSX - Drawdown Comparison
The maximum VGREX drawdown since its inception was -63.57%, which is greater than VCGSX's maximum drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for VGREX and VCGSX.
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Drawdown Indicators
| VGREX | VCGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.57% | -17.32% | -46.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -3.18% | -7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -5.38% | -14.81% |
Max Drawdown (5Y)Largest decline over 5 years | -34.17% | -16.02% | -18.15% |
Max Drawdown (10Y)Largest decline over 10 years | -39.92% | -17.32% | -22.60% |
Current DrawdownCurrent decline from peak | -0.38% | -6.61% | +6.23% |
Average DrawdownAverage peak-to-trough decline | -23.60% | -6.37% | -17.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 1.29% | +1.44% |
Volatility
VGREX vs. VCGSX - Volatility Comparison
VALIC Company I Global Real Estate Fund (VGREX) has a higher volatility of 3.31% compared to VALIC Company I Government Securities Fund (VCGSX) at 0.98%. This indicates that VGREX's price experiences larger fluctuations and is considered to be riskier than VCGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGREX | VCGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 0.98% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.88% | 2.84% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 3.70% | +8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 5.69% | +10.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 4.66% | +12.30% |
VGREX vs. VCGSX - Expense Ratio Comparison
VGREX has a 0.86% expense ratio, which is higher than VCGSX's 0.65% expense ratio.
Dividends
VGREX vs. VCGSX - Dividend Comparison
VGREX's dividend yield for the trailing twelve months is around 2.79%, more than VCGSX's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VCGSX VALIC Company I Government Securities Fund | 2.17% | 0.00% | 3.70% | 2.58% | 2.06% | 2.31% | 2.26% | 2.25% | 2.67% | 2.38% |
VGREX VALIC Company I Global Real Estate Fund | 2.79% | 0.00% | 2.68% | 4.62% | 1.92% | 6.64% | 4.61% | 3.34% | 4.34% | 9.31% |
Frequently Asked Questions
VGREX and VCGSX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGREX has higher volatility (3.31%) compared to VCGSX (0.98%). In terms of maximum drawdown, VGREX dropped -63.57% vs VCGSX's -17.32%.
VGREX currently has the higher Sharpe Ratio (1.46 vs 0.70), 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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