VGREX vs. VCSLX
VGREX (VALIC Company I Global Real Estate Fund) and VCSLX (VALIC Company I Small Cap Index Fund) are both mutual funds - VGREX is a REIT fund managed by VALIC, while VCSLX is a Small Cap Blend Equities fund managed by VALIC. Over the past 10 years, VGREX returned 3.39%/yr vs 9.35%/yr for VCSLX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. VGREX charges 0.86%/yr vs 0.36%/yr for VCSLX.
Performance
VGREX vs. VCSLX - Performance Comparison
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Returns By Period
In the year-to-date period, VGREX achieves a 13.89% return, which is significantly lower than VCSLX's 18.56% return. Over the past 10 years, VGREX has underperformed VCSLX with an annualized return of 3.39%, while VCSLX has yielded a comparatively higher 9.35% annualized return.
VGREX
- 1D
- -0.89%
- 1M
- 1.82%
- 6M
- 11.68%
- YTD
- 13.89%
- 1Y
- 18.40%
- 3Y*
- 9.05%
- 5Y*
- 0.65%
- 10Y*
- 3.39%
- ALL TIME*
- 0.37%
VCSLX
- 1D
- -0.45%
- 1M
- -2.14%
- 6M
- 11.46%
- YTD
- 18.56%
- 1Y
- 36.41%
- 3Y*
- 12.97%
- 5Y*
- 5.68%
- 10Y*
- 9.35%
- ALL TIME*
- 3.89%
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. VCSLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGREX VALIC Company I Global Real Estate Fund | 13.89% | 5.83% | 1.41% | 9.90% | -25.89% | 22.67% | -6.03% | 24.50% | -7.18% | 13.82% |
VCSLX VALIC Company I Small Cap Index Fund | 18.56% | 7.00% | 11.22% | 15.99% | -20.41% | 14.55% | 20.14% | 25.04% | -16.08% | 14.40% |
Correlation
The correlation between VGREX and VCSLX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2008 | 0.69 |
Over the past year, the correlation between VGREX and VCSLX has dropped to 0.49 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
VGREX vs. VCSLX — Risk / Return Rank
VGREX
VCSLX
VGREX vs. VCSLX - 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 Small Cap Index Fund (VCSLX). 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 | VCSLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.03 | -1.26 |
| Martin ratioReturn relative to average drawdown | 6.63 | 10.71 | -4.08 |
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Drawdowns
VGREX vs. VCSLX - Drawdown Comparison
The maximum VGREX drawdown since its inception was -63.57%, smaller than the maximum VCSLX drawdown of -67.69%. Use the drawdown chart below to compare losses from any high point for VGREX and VCSLX.
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Drawdown Indicators
| VGREX | VCSLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.57% | -67.69% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -11.16% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -30.96% | +10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -34.17% | -31.83% | -2.34% |
Max Drawdown (10Y)Largest decline over 10 years | -39.92% | -41.78% | +1.86% |
Current DrawdownCurrent decline from peak | -1.26% | -3.05% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -23.60% | -18.28% | -5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.15% | -0.42% |
Volatility
VGREX vs. VCSLX - Volatility Comparison
The current volatility for VALIC Company I Global Real Estate Fund (VGREX) is 3.46%, while VALIC Company I Small Cap Index Fund (VCSLX) has a volatility of 3.82%. This indicates that VGREX experiences smaller price fluctuations and is considered to be less risky than VCSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGREX | VCSLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 3.82% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.88% | 14.18% | -4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 19.42% | -7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 22.68% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 23.56% | -6.60% |
VGREX vs. VCSLX - Expense Ratio Comparison
VGREX has a 0.86% expense ratio, which is higher than VCSLX's 0.36% expense ratio.
Dividends
VGREX vs. VCSLX - Dividend Comparison
VGREX's dividend yield for the trailing twelve months is around 2.81%, less than VCSLX's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VCSLX VALIC Company I Small Cap Index Fund | 5.16% | 0.00% | 1.17% | 26.50% | 13.32% | 5.39% | 13.29% | 9.37% | 1.18% | 5.80% |
VGREX VALIC Company I Global Real Estate Fund | 2.81% | 0.00% | 2.68% | 4.62% | 1.92% | 6.64% | 4.61% | 3.34% | 4.34% | 9.31% |
Frequently Asked Questions
VGREX and VCSLX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCSLX has higher volatility (3.82%) compared to VGREX (3.46%). In terms of maximum drawdown, VGREX dropped -63.57% vs VCSLX's -67.69%.
VCSLX currently has the higher Sharpe Ratio (1.74 vs 1.49), 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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