VISGX vs. ASMNX

Last updated Jun 24, 2026

VISGX (Vanguard Small Cap Growth Index Fund) and ASMNX (AQR Small Cap Momentum Style Fund Class N) are both Small Cap Growth Equities funds. Their correlation of 0.93 suggests significant overlap in exposure. VISGX charges 0.19%/yr vs 0.88%/yr for ASMNX.

Performance

VISGX vs. ASMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Small Cap Growth Index Fund (VISGX) and AQR Small Cap Momentum Style Fund Class N (ASMNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VISGX

• 1D: 0.30%
• 1M: 3.09%
• YTD: 18.66%
• 6M: 15.65%
• 1Y: 32.31%
• 3Y*: 18.02%
• 5Y*: 4.96%
• 10Y*: 12.05%

ASMNX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VISGX vs. ASMNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VISGX Vanguard Small Cap Growth Index Fund	18.66%	8.18%	14.80%	22.91%	-28.50%	5.58%	35.11%	32.60%	-5.81%	21.78%
ASMNX AQR Small Cap Momentum Style Fund Class N	17.21%	16.62%	16.62%	18.09%	-19.78%	15.05%	25.80%	25.69%	-12.36%	17.21%

Correlation

The correlation between VISGX and ASMNX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.93

The correlation between VISGX and ASMNX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

VISGX vs. ASMNX — Risk / Return Rank

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

VISGX

VISGX Risk / Return Rank: 45
VISGX Sharpe Ratio Rank: 37
VISGX Sortino Ratio Rank: 34
VISGX Omega Ratio Rank: 32
VISGX Calmar Ratio Rank: 63
VISGX Martin Ratio Rank: 58

ASMNX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VISGX vs. ASMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Growth Index Fund (VISGX) and AQR Small Cap Momentum Style Fund Class N (ASMNX). 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.

	VISGX	ASMNX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	—	—
Sortino ratio: Return per unit of downside risk	2.28	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	10.93	—	—

Drawdowns

Drawdown Indicators

	VISGX	ASMNX	Difference
Max Drawdown Largest peak-to-trough decline	-58.74%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.70%	—	—
Current Drawdown Current decline from peak	-0.01%	—	—
Average Drawdown Average peak-to-trough decline	-11.59%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	—	—

Volatility

Volatility by Period

	VISGX	ASMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.32%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.70%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.06%	—	—

VISGX vs. ASMNX - Expense Ratio Comparison

VISGX has a 0.19% expense ratio, which is lower than ASMNX's 0.88% expense ratio.

Dividends

VISGX vs. ASMNX - Dividend Comparison

VISGX's dividend yield for the trailing twelve months is around 0.34%, less than ASMNX's 7.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMNX AQR Small Cap Momentum Style Fund Class N	7.75%	8.05%	19.09%	3.54%	0.27%	24.51%	5.45%	3.83%	29.34%	9.61%	0.00%	0.97%
VISGX Vanguard Small Cap Growth Index Fund	0.34%	0.33%	0.42%	0.56%	0.46%	0.23%	0.35%	0.47%	0.65%	0.71%	0.97%	0.84%

Frequently Asked Questions

Can I hold both VISGX and ASMNX in my portfolio?

VISGX and ASMNX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.