VMGAX vs. SFLNX
VMGAX (Vanguard Mega Cap Growth Index Fund Institutional Shares) and SFLNX (Schwab Fundamental US Large Company Index Fund) are both mutual funds - VMGAX is a Large Cap Growth Equities fund managed by Vanguard, while SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index. Over the past 10 years, VMGAX returned 19.39%/yr vs 14.26%/yr for SFLNX. Their correlation of 0.81 suggests significant overlap in exposure. VMGAX charges 0.06%/yr vs 0.25%/yr for SFLNX.
Performance
VMGAX vs. SFLNX - Performance Comparison
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Returns By Period
In the year-to-date period, VMGAX achieves a 11.29% return, which is significantly lower than SFLNX's 14.66% return. Over the past 10 years, VMGAX has outperformed SFLNX with an annualized return of 19.39%, while SFLNX has yielded a comparatively lower 14.26% annualized return.
VMGAX
- 1D
- -0.29%
- 1M
- 8.54%
- YTD
- 11.29%
- 6M
- 10.76%
- 1Y
- 31.60%
- 3Y*
- 27.29%
- 5Y*
- 16.86%
- 10Y*
- 19.39%
SFLNX
- 1D
- 0.46%
- 1M
- 4.08%
- YTD
- 14.66%
- 6M
- 14.73%
- 1Y
- 32.46%
- 3Y*
- 20.93%
- 5Y*
- 12.96%
- 10Y*
- 14.26%
VMGAX vs. SFLNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMGAX Vanguard Mega Cap Growth Index Fund Institutional Shares | 11.29% | 20.73% | 32.98% | 51.57% | -33.55% | 28.50% | 41.02% | 37.54% | -2.86% | 29.49% |
SFLNX Schwab Fundamental US Large Company Index Fund | 14.66% | 17.02% | 16.78% | 18.16% | -6.89% | 31.64% | 9.12% | 28.91% | -7.43% | 17.08% |
Correlation
The correlation between VMGAX and SFLNX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008 | 0.81 |
Over the past year, the correlation between VMGAX and SFLNX has dropped to 0.55 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
VMGAX vs. SFLNX — Risk / Return Rank
VMGAX
SFLNX
VMGAX vs. SFLNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and Schwab Fundamental US Large Company Index Fund (SFLNX). 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.
| VMGAX | SFLNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.59 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 5.47 | -3.53 |
| Martin ratioReturn relative to average drawdown | 6.74 | 21.47 | -14.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMGAX | SFLNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 3.23 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.85 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.78 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.53 | +0.12 |
Drawdowns
VMGAX vs. SFLNX - Drawdown Comparison
The maximum VMGAX drawdown since its inception was -47.97%, smaller than the maximum SFLNX drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for VMGAX and SFLNX.
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Drawdown Indicators
| VMGAX | SFLNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.97% | -56.18% | +8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.78% | -6.10% | -10.68% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -16.27% | -7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -36.03% | -18.98% | -17.05% |
Max Drawdown (10Y)Largest decline over 10 years | -36.03% | -37.59% | +1.56% |
Current DrawdownCurrent decline from peak | -0.29% | 0.00% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -6.01% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 1.55% | +3.28% |
Volatility
VMGAX vs. SFLNX - Volatility Comparison
Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) has a higher volatility of 3.80% compared to Schwab Fundamental US Large Company Index Fund (SFLNX) at 2.48%. This indicates that VMGAX's price experiences larger fluctuations and is considered to be riskier than SFLNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMGAX | SFLNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 2.48% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 7.43% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 10.35% | +5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.71% | 15.26% | +7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 18.40% | +3.50% |
VMGAX vs. SFLNX - Expense Ratio Comparison
VMGAX has a 0.06% expense ratio, which is lower than SFLNX'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
VMGAX vs. SFLNX - Dividend Comparison
VMGAX's dividend yield for the trailing twelve months is around 0.32%, less than SFLNX's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFLNX Schwab Fundamental US Large Company Index Fund | 1.46% | 1.68% | 1.78% | 1.86% | 2.09% | 4.78% | 6.17% | 5.33% | 9.69% | 3.28% | 7.23% | 5.68% |
VMGAX Vanguard Mega Cap Growth Index Fund Institutional Shares | 0.32% | 0.36% | 0.44% | 0.51% | 0.71% | 0.42% | 0.65% | 0.86% | 1.13% | 1.23% | 1.53% | 1.44% |
Frequently Asked Questions
VMGAX and SFLNX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMGAX has higher volatility (3.80%) compared to SFLNX (2.48%). In terms of maximum drawdown, VMGAX dropped -47.97% vs SFLNX's -56.18%.
SFLNX currently has the higher Sharpe Ratio (3.23 vs 2.01), 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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