VRTGX vs. VRGWX

Last updated Jun 23, 2026

VRTGX (Vanguard Russell 2000 Growth Index Fund Institutional Shares) and VRGWX (Vanguard Russell 1000 Growth Index Fund Institutional Shares) are both mutual funds - VRTGX is a Small Cap Growth Equities fund managed by Vanguard, while VRGWX is a Large Cap Growth Equities fund managed by Vanguard. Over the past 10 years, VRTGX returned 11.89%/yr vs 18.90%/yr for VRGWX. Their correlation of 0.81 suggests significant overlap in exposure. VRTGX charges 0.08%/yr vs 0.07%/yr for VRGWX.

Performance

VRTGX vs. VRGWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 2000 Growth Index Fund Institutional Shares (VRTGX) and Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRTGX achieves a 20.80% return, which is significantly higher than VRGWX's 4.50% return. Over the past 10 years, VRTGX has underperformed VRGWX with an annualized return of 11.89%, while VRGWX has yielded a comparatively higher 18.90% annualized return.

VRTGX

• 1D: 2.59%
• 1M: 4.73%
• YTD: 20.80%
• 6M: 16.63%
• 1Y: 41.93%
• 3Y*: 18.49%
• 5Y*: 6.25%
• 10Y*: 11.89%

VRGWX

• 1D: 1.39%
• 1M: -1.23%
• YTD: 4.50%
• 6M: 3.80%
• 1Y: 22.79%
• 3Y*: 22.59%
• 5Y*: 15.10%
• 10Y*: 18.90%

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

VRTGX vs. VRGWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VRTGX Vanguard Russell 2000 Growth Index Fund Institutional Shares	20.80%	12.97%	15.26%	18.80%	-26.30%	2.82%	34.81%	28.84%	-9.21%	22.27%
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares	4.50%	18.32%	33.25%	42.65%	-29.18%	32.42%	38.38%	36.30%	-1.59%	30.11%

Correlation

The correlation between VRTGX and VRGWX is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.81

The correlation between VRTGX and VRGWX shifts across timeframes, from 0.70 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VRTGX vs. VRGWX — Risk / Return Rank

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

VRTGX

VRTGX Risk / Return Rank: 49
VRTGX Sharpe Ratio Rank: 48
VRTGX Sortino Ratio Rank: 44
VRTGX Omega Ratio Rank: 39
VRTGX Calmar Ratio Rank: 59
VRTGX Martin Ratio Rank: 53

VRGWX

VRGWX Risk / Return Rank: 22
VRGWX Sharpe Ratio Rank: 26
VRGWX Sortino Ratio Rank: 24
VRGWX Omega Ratio Rank: 25
VRGWX Calmar Ratio Rank: 17
VRGWX Martin Ratio Rank: 19

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.

VRTGX vs. VRGWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Growth Index Fund Institutional Shares (VRTGX) and Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX). 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.

	VRTGX	VRGWX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.38	+0.51
Sortino ratio: Return per unit of downside risk	2.57	1.90	+0.67
Omega ratio: Gain probability vs. loss probability	1.31	1.24	+0.07
Calmar ratio: Return relative to maximum drawdown	2.83	1.37	+1.46
Martin ratio: Return relative to average drawdown	10.14	4.51	+5.63

VRTGX vs. VRGWX - Sharpe Ratio Comparison

The current VRTGX Sharpe Ratio is 1.89, which is higher than the VRGWX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of VRTGX and VRGWX, 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

VRTGX vs. VRGWX - Drawdown Comparison

The maximum VRTGX drawdown since its inception was -41.97%, which is greater than VRGWX's maximum drawdown of -32.70%. Use the drawdown chart below to compare losses from any high point for VRTGX and VRGWX.

Drawdown Indicators

	VRTGX	VRGWX	Difference
Max Drawdown Largest peak-to-trough decline	-41.97%	-32.70%	-9.27%
Max Drawdown (1Y) Largest decline over 1 year	-14.80%	-16.19%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-28.54%	-23.44%	-5.10%
Max Drawdown (5Y) Largest decline over 5 years	-40.48%	-32.70%	-7.78%
Max Drawdown (10Y) Largest decline over 10 years	-41.97%	-32.70%	-9.27%
Current Drawdown Current decline from peak	0.00%	-4.12%	+4.12%
Average Drawdown Average peak-to-trough decline	-10.41%	-4.87%	-5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	4.92%	-0.79%

Volatility

VRTGX vs. VRGWX - Volatility Comparison

Vanguard Russell 2000 Growth Index Fund Institutional Shares (VRTGX) has a higher volatility of 8.00% compared to Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX) at 5.98%. This indicates that VRTGX's price experiences larger fluctuations and is considered to be riskier than VRGWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRTGX	VRGWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	5.98%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	16.84%	12.71%	+4.13%
Volatility (1Y) Calculated over the trailing 1-year period	22.20%	16.14%	+6.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.71%	21.73%	+2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.59%	21.22%	+3.37%

VRTGX vs. VRGWX - Expense Ratio Comparison

VRTGX has a 0.08% expense ratio, which is higher than VRGWX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VRTGX vs. VRGWX - Dividend Comparison

VRTGX's dividend yield for the trailing twelve months is around 0.61%, more than VRGWX's 0.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares	0.47%	0.35%	0.56%	0.71%	0.99%	4.18%	0.77%	1.03%	1.22%	1.22%	1.52%	1.51%
VRTGX Vanguard Russell 2000 Growth Index Fund Institutional Shares	0.61%	0.57%	0.62%	0.85%	0.78%	0.54%	0.53%	0.90%	0.85%	0.75%	1.07%	0.84%

Frequently Asked Questions

Can I hold both VRTGX and VRGWX in my portfolio?

VRTGX and VRGWX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRTGX or VRGWX?

VRTGX has higher volatility (8.00%) compared to VRGWX (5.98%). In terms of maximum drawdown, VRTGX dropped -41.97% vs VRGWX's -32.70%.

Which has better risk-adjusted returns?

VRTGX currently has the higher Sharpe Ratio (1.89 vs 1.38), 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.