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VQNPX vs. VSMPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VQNPX vs. VSMPX

Last updated Jun 5, 2026

VQNPX (Vanguard Growth and Income Fund Investor Shares) and VSMPX (Vanguard Total Stock Market Index Fund Institutional Plus Shares) are both Large Cap Blend Equities funds from Vanguard. Over the past 10 years, VQNPX returned 15.22%/yr vs 15.05%/yr for VSMPX. With a 0.99 correlation, they move nearly in lockstep. VQNPX charges 0.32%/yr vs 0.02%/yr for VSMPX.

Performance

VQNPX vs. VSMPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Growth and Income Fund Investor Shares (VQNPX) and Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VQNPX achieves a 9.70% return, which is significantly lower than VSMPX's 11.14% return. Both investments have delivered pretty close results over the past 10 years, with VQNPX having a 15.22% annualized return and VSMPX not far behind at 15.05%.

VQNPX

1D
-0.65%
1M
4.40%
YTD
9.70%
6M
9.92%
1Y
27.64%
3Y*
22.80%
5Y*
13.81%
10Y*
15.22%

VSMPX

1D
-0.76%
1M
4.07%
YTD
11.14%
6M
10.87%
1Y
28.12%
3Y*
22.06%
5Y*
12.70%
10Y*
15.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VQNPX vs. VSMPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VQNPX
Vanguard Growth and Income Fund Investor Shares		9.70%19.13%25.72%24.72%-17.26%28.74%17.90%29.66%-4.70%19.82%
VSMPX
Vanguard Total Stock Market Index Fund Institutional Plus Shares		11.14%17.15%23.26%26.53%-19.50%25.74%21.01%30.79%-5.16%21.19%

Correlation

The correlation between VQNPX and VSMPX is 0.98 - 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

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (10Y)
Calculated over the trailing 10-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Jan 5, 2016

0.99

The correlation between VQNPX and VSMPX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

VQNPX vs. VSMPX - Sectors Allocation Comparison

Sectors
VQNPX
VSMPX

Technology

30.6%
33.5%

Financial Services

12.5%
12.0%

Consumer Cyclical

11.2%
9.9%

Healthcare

10.6%
9.2%

Communication Services

10.1%
10.2%

Industrials

8.9%
9.5%

Energy

5.8%
3.8%

Consumer Defensive

3.6%
4.7%

Basic Materials

2.9%
2.0%

Utilities

2.4%
2.8%

Real Estate

1.6%
2.4%

Technology

VQNPX
30.6%
VSMPX
33.5%

Financial Services

VQNPX
12.5%
VSMPX
12.0%

Consumer Cyclical

VQNPX
11.2%
VSMPX
9.9%

Healthcare

VQNPX
10.6%
VSMPX
9.2%

Communication Services

VQNPX
10.1%
VSMPX
10.2%

Industrials

VQNPX
8.9%
VSMPX
9.5%

Energy

VQNPX
5.8%
VSMPX
3.8%

Consumer Defensive

VQNPX
3.6%
VSMPX
4.7%

Basic Materials

VQNPX
2.9%
VSMPX
2.0%

Utilities

VQNPX
2.4%
VSMPX
2.8%

Real Estate

VQNPX
1.6%
VSMPX
2.4%

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Vanguard Growth and Income Fund Investor Shares

Vanguard Total Stock Market Index Fund Institutional Plus Shares

Often compared with VQNPX:
VQNPX vs. VOOVQNPX vs. VFIAXVQNPX vs. VPMAXVQNPX vs. VWUSXVQNPX vs. VUGVQNPX vs. VIGVQNPX vs. SPY
Often compared with VSMPX:
VSMPX vs. VTIVSMPX vs. VOOVSMPX vs. TRLGXVSMPX vs. VITPXVSMPX vs. VTIVXVSMPX vs. VFIFXVSMPX vs. DODGX

Return for Risk

VQNPX vs. VSMPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VQNPX
VQNPX Risk / Return Rank: 5656
Overall Rank
VQNPX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
VQNPX Sortino Ratio Rank: 5151
Sortino Ratio Rank
VQNPX Omega Ratio Rank: 5151
Omega Ratio Rank
VQNPX Calmar Ratio Rank: 5656
Calmar Ratio Rank
VQNPX Martin Ratio Rank: 6666
Martin Ratio Rank
VSMPX
VSMPX Risk / Return Rank: 6464
Overall Rank
VSMPX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
VSMPX Sortino Ratio Rank: 5656
Sortino Ratio Rank
VSMPX Omega Ratio Rank: 5656
Omega Ratio Rank
VSMPX Calmar Ratio Rank: 6868
Calmar Ratio Rank
VSMPX Martin Ratio Rank: 7878
Martin Ratio Rank
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.

VQNPX vs. VSMPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth and Income Fund Investor Shares (VQNPX) and Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX). 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.

VQNPXVSMPXDifference
Sharpe ratioReturn per unit of total volatility
2.23
2.32

-0.09

Sortino ratioReturn per unit of downside risk
3.03
3.17

-0.15

Omega ratioGain probability vs. loss probability

1.40

1.42

-0.02

Calmar ratioReturn relative to maximum drawdown

2.87

3.17

-0.30

Martin ratioReturn relative to average drawdown

12.93

14.62

-1.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VQNPX vs. VSMPX - Sharpe Ratio Comparison

The current VQNPX Sharpe Ratio is 2.23, which is comparable to the VSMPX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of VQNPX and VSMPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VQNPXVSMPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

2.32

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.74

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.82

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.82

-0.20

Drawdowns

VQNPX vs. VSMPX - Drawdown Comparison

The maximum VQNPX drawdown since its inception was -55.93%, which is greater than VSMPX's maximum drawdown of -34.97%. Use the drawdown chart below to compare losses from any high point for VQNPX and VSMPX.

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Drawdown Indicators

VQNPXVSMPXDifference

Max Drawdown

Largest peak-to-trough decline

-55.93%

-34.97%

-20.96%

Max Drawdown (1Y)

Largest decline over 1 year

-9.75%

-8.92%

-0.83%

Max Drawdown (3Y)

Largest decline over 3 years

-19.68%

-19.36%

-0.32%

Max Drawdown (5Y)

Largest decline over 5 years

-23.36%

-25.35%

+1.99%

Max Drawdown (10Y)

Largest decline over 10 years

-34.33%

-34.97%

+0.64%

Current Drawdown

Current decline from peak

-0.65%

-0.76%

+0.11%

Average Drawdown

Average peak-to-trough decline

-8.87%

-4.59%

-4.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.16%

1.93%

+0.23%

Volatility

VQNPX vs. VSMPX - Volatility Comparison

Vanguard Growth and Income Fund Investor Shares (VQNPX) and Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX) have volatilities of 3.12% and 3.05%, 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.

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Volatility by Period

VQNPXVSMPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.12%

3.05%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

9.47%

9.20%

+0.27%

Volatility (1Y)

Calculated over the trailing 1-year period

12.55%

12.22%

+0.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.11%

17.36%

-0.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.21%

18.41%

-0.20%

VQNPX vs. VSMPX - Expense Ratio Comparison

VQNPX has a 0.32% expense ratio, which is higher than VSMPX's 0.02% expense ratio.

Dividends

VQNPX vs. VSMPX - Dividend Comparison

VQNPX's dividend yield for the trailing twelve months is around 9.66%, more than VSMPX's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
VQNPX
Vanguard Growth and Income Fund Investor Shares		9.66%10.60%11.56%8.60%9.69%15.16%6.53%4.09%7.92%5.01%6.90%7.60%
VSMPX
Vanguard Total Stock Market Index Fund Institutional Plus Shares		1.02%1.13%1.27%1.43%1.67%1.22%1.43%1.78%2.05%1.73%1.95%0.00%

Frequently Asked Questions

With a correlation of 0.98, VQNPX and VSMPX 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.

VQNPX has higher volatility (3.12%) compared to VSMPX (3.05%). In terms of maximum drawdown, VQNPX dropped -55.93% vs VSMPX's -34.97%.

VSMPX currently has the higher Sharpe Ratio (2.32 vs 2.23), 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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