VIGAX vs. VWUAX

Last updated Jun 23, 2026

VIGAX (Vanguard Growth Index Fund Admiral Shares) and VWUAX (Vanguard U.S. Growth Fund Admiral Shares) are both Large Cap Growth Equities funds from Vanguard. VIGAX is passively managed, while VWUAX is actively managed. Over the past 10 years, VIGAX returned 18.13%/yr vs 16.10%/yr for VWUAX. With a 0.97 correlation, they move nearly in lockstep. VIGAX charges 0.05%/yr vs 0.25%/yr for VWUAX.

Performance

VIGAX vs. VWUAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Growth Index Fund Admiral Shares (VIGAX) and Vanguard U.S. Growth Fund Admiral Shares (VWUAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIGAX achieves a 7.19% return, which is significantly higher than VWUAX's 1.49% return. Over the past 10 years, VIGAX has outperformed VWUAX with an annualized return of 18.13%, while VWUAX has yielded a comparatively lower 16.10% annualized return.

VIGAX

• 1D: 1.71%
• 1M: -0.56%
• YTD: 7.19%
• 6M: 6.57%
• 1Y: 25.66%
• 3Y*: 23.75%
• 5Y*: 14.14%
• 10Y*: 18.13%

VWUAX

• 1D: 1.64%
• 1M: -0.14%
• YTD: 1.49%
• 6M: 0.67%
• 1Y: 13.98%
• 3Y*: 19.91%
• 5Y*: 5.28%
• 10Y*: 16.10%

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

VIGAX vs. VWUAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIGAX Vanguard Growth Index Fund Admiral Shares	7.19%	19.43%	32.67%	46.76%	-33.14%	27.26%	40.18%	37.23%	-3.35%	27.80%
VWUAX Vanguard U.S. Growth Fund Admiral Shares	1.49%	15.49%	31.79%	45.32%	-39.58%	2.43%	58.80%	48.42%	0.77%	31.26%

Correlation

The correlation between VIGAX and VWUAX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 13, 2001	0.97

The correlation between VIGAX and VWUAX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

VIGAX vs. VWUAX - Sectors Allocation Comparison

Sectors	VIGAX	VWUAX
Technology	56.4%	45.1%
Communication Services	16.0%	16.2%
Consumer Cyclical	11.6%	12.4%
Healthcare	4.6%	10.3%
Financial Services	4.0%	5.5%
Industrials	3.5%	5.6%
Consumer Defensive	1.3%	1.2%
Real Estate	0.9%	1.3%
Utilities	0.7%	0.5%
Basic Materials	0.6%	0.4%
Energy	0.3%	-

Return for Risk

VIGAX vs. VWUAX — Risk / Return Rank

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

VIGAX

VIGAX Risk / Return Rank: 26
VIGAX Sharpe Ratio Rank: 31
VIGAX Sortino Ratio Rank: 28
VIGAX Omega Ratio Rank: 29
VIGAX Calmar Ratio Rank: 20
VIGAX Martin Ratio Rank: 23

VWUAX

VWUAX Risk / Return Rank: 9
VWUAX Sharpe Ratio Rank: 10
VWUAX Sortino Ratio Rank: 10
VWUAX Omega Ratio Rank: 10
VWUAX Calmar Ratio Rank: 8
VWUAX Martin Ratio Rank: 8

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.

VIGAX vs. VWUAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth Index Fund Admiral Shares (VIGAX) and Vanguard U.S. Growth Fund Admiral Shares (VWUAX). 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.

	VIGAX	VWUAX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	0.77	+0.73
Sortino ratio: Return per unit of downside risk	2.05	1.13	+0.92
Omega ratio: Gain probability vs. loss probability	1.26	1.14	+0.12
Calmar ratio: Return relative to maximum drawdown	1.52	0.70	+0.82
Martin ratio: Return relative to average drawdown	5.24	2.06	+3.18

VIGAX vs. VWUAX - Sharpe Ratio Comparison

The current VIGAX Sharpe Ratio is 1.50, which is higher than the VWUAX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of VIGAX and VWUAX, 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

VIGAX vs. VWUAX - Drawdown Comparison

The maximum VIGAX drawdown since its inception was -50.66%, roughly equal to the maximum VWUAX drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for VIGAX and VWUAX.

Drawdown Indicators

	VIGAX	VWUAX	Difference
Max Drawdown Largest peak-to-trough decline	-50.66%	-50.37%	-0.29%
Max Drawdown (1Y) Largest decline over 1 year	-16.51%	-19.12%	+2.61%
Max Drawdown (3Y) Largest decline over 3 years	-23.04%	-25.01%	+1.97%
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	-50.17%	+14.54%
Max Drawdown (10Y) Largest decline over 10 years	-35.63%	-50.17%	+14.54%
Current Drawdown Current decline from peak	-3.55%	-3.91%	+0.36%
Average Drawdown Average peak-to-trough decline	-11.94%	-12.81%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.79%	6.50%	-1.71%

Volatility

VIGAX vs. VWUAX - Volatility Comparison

Vanguard Growth Index Fund Admiral Shares (VIGAX) and Vanguard U.S. Growth Fund Admiral Shares (VWUAX) have volatilities of 6.58% and 6.62%, 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

	VIGAX	VWUAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	6.62%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	13.70%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.81%	17.45%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.48%	25.02%	-2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.66%	23.77%	-2.11%

VIGAX vs. VWUAX - Expense Ratio Comparison

VIGAX has a 0.05% expense ratio, which is lower than VWUAX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VIGAX vs. VWUAX - Dividend Comparison

VIGAX's dividend yield for the trailing twelve months is around 0.37%, less than VWUAX's 9.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIGAX Vanguard Growth Index Fund Admiral Shares	0.37%	0.40%	0.46%	0.57%	0.69%	0.47%	0.66%	0.94%	1.31%	1.14%	1.39%	1.31%
VWUAX Vanguard U.S. Growth Fund Admiral Shares	9.36%	9.50%	4.70%	0.37%	0.49%	3.60%	4.00%	13.28%	9.80%	4.63%	1.67%	9.10%

Frequently Asked Questions

Can I hold both VIGAX and VWUAX in my portfolio?

With a correlation of 0.97, VIGAX and VWUAX 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, VIGAX or VWUAX?

VWUAX has higher volatility (6.62%) compared to VIGAX (6.58%). In terms of maximum drawdown, VIGAX dropped -50.66% vs VWUAX's -50.37%.

Which has better risk-adjusted returns?

VIGAX currently has the higher Sharpe Ratio (1.50 vs 0.77), 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.