VMSGX vs. VVSGX
VMSGX (VALIC Company I Mid Cap Strategic Growth Fund) and VVSGX (VALIC Company I Small Cap Growth Fund) are both mutual funds - VMSGX is a Mid Cap Growth Equities fund managed by VALIC, while VVSGX is a Small Cap Growth Equities fund managed by VALIC. Over the past 5 years, VMSGX returned 8.59%/yr vs 1.25%/yr for VVSGX. Their correlation of 0.92 suggests significant overlap in exposure. VMSGX charges 0.75%/yr vs 0.88%/yr for VVSGX.
Performance
VMSGX vs. VVSGX - Performance Comparison
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Returns By Period
In the year-to-date period, VMSGX achieves a 11.30% return, which is significantly lower than VVSGX's 16.71% return.
VMSGX
- 1D
- 1.51%
- 1M
- 3.98%
- YTD
- 11.30%
- 6M
- 8.39%
- 1Y
- 17.49%
- 3Y*
- 17.38%
- 5Y*
- 8.59%
- 10Y*
- 13.86%
VVSGX
- 1D
- 2.33%
- 1M
- 6.49%
- YTD
- 16.71%
- 6M
- 13.25%
- 1Y
- 28.22%
- 3Y*
- 13.15%
- 5Y*
- 1.25%
- 10Y*
- —
VMSGX vs. VVSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VMSGX VALIC Company I Mid Cap Strategic Growth Fund | 11.30% | 11.23% | 19.79% | 22.06% | -23.40% | 6.82% |
VVSGX VALIC Company I Small Cap Growth Fund | 16.71% | 8.99% | 10.85% | 14.20% | -32.21% | -3.59% |
Correlation
The correlation between VMSGX and VVSGX is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.92 |
The correlation between VMSGX and VVSGX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
VMSGX vs. VVSGX — Risk / Return Rank
VMSGX
VVSGX
VMSGX vs. VVSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Mid Cap Strategic Growth Fund (VMSGX) and VALIC Company I Small Cap Growth Fund (VVSGX). 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.
| VMSGX | VVSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.25 | -0.82 |
| Martin ratioReturn relative to average drawdown | 5.06 | 8.44 | -3.38 |
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Drawdowns
VMSGX vs. VVSGX - Drawdown Comparison
The maximum VMSGX drawdown since its inception was -66.65%, which is greater than VVSGX's maximum drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for VMSGX and VVSGX.
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Drawdown Indicators
| VMSGX | VVSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.65% | -44.74% | -21.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.47% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -23.85% | -25.74% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -33.62% | -44.74% | +11.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.97% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -2.60% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -15.04% | -24.63% | +9.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.31% | +0.12% |
Volatility
VMSGX vs. VVSGX - Volatility Comparison
The current volatility for VALIC Company I Mid Cap Strategic Growth Fund (VMSGX) is 6.33%, while VALIC Company I Small Cap Growth Fund (VVSGX) has a volatility of 7.35%. This indicates that VMSGX experiences smaller price fluctuations and is considered to be less risky than VVSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMSGX | VVSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 7.35% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 16.10% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.14% | 20.77% | -3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.89% | 25.11% | -4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 25.07% | -4.11% |
VMSGX vs. VVSGX - Expense Ratio Comparison
VMSGX has a 0.75% expense ratio, which is lower than VVSGX's 0.88% expense ratio.
Dividends
VMSGX vs. VVSGX - Dividend Comparison
VMSGX's dividend yield for the trailing twelve months is around 7.15%, more than VVSGX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VMSGX VALIC Company I Mid Cap Strategic Growth Fund | 7.15% | 0.00% | 0.01% | 21.01% | 11.77% | 4.58% | 3.89% | 8.38% | 0.10% | 5.91% |
VVSGX VALIC Company I Small Cap Growth Fund | 2.13% | 0.00% | 0.00% | 7.74% | 10.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VMSGX and VVSGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVSGX has higher volatility (7.35%) compared to VMSGX (6.33%). In terms of maximum drawdown, VMSGX dropped -66.65% vs VVSGX's -44.74%.
VVSGX currently has the higher Sharpe Ratio (1.35 vs 1.02), 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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