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VSGAX vs. VIGAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VSGAX vs. VIGAX

Last updated Aug 2, 2026
Documentation

VSGAX (Vanguard Small-Cap Growth Index Fund Admiral Shares) and VIGAX (Vanguard Growth Index Fund Admiral Shares) are both mutual funds - VSGAX is a Small Cap Growth Equities fund tracking the CRSP US Small Cap Growth Index, while VIGAX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Both are passively managed. Over the past 10 years, VSGAX returned 10.76%/yr vs 17.14%/yr for VIGAX. Their correlation of 0.84 means they have usually moved in the same direction. VSGAX charges 0.07%/yr vs 0.05%/yr for VIGAX.

Performance

VSGAX vs. VIGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VSGAX achieves a 13.34% return, which is significantly higher than VIGAX's 3.80% return. Over the past 10 years, VSGAX has underperformed VIGAX with an annualized return of 10.76%, while VIGAX has yielded a comparatively higher 17.14% annualized return.

VSGAX

1D
2.22%
1M
-4.69%
6M
9.35%
YTD
13.34%
1Y
23.55%
3Y*
13.20%
5Y*
4.17%
10Y*
10.76%
ALL TIME*
11.94%

VIGAX

1D
2.71%
1M
-1.61%
6M
5.19%
YTD
3.80%
1Y
14.04%
3Y*
20.59%
5Y*
11.90%
10Y*
17.14%
ALL TIME*
9.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VIGAX

Vanguard Growth Index Fund Admiral Shares
$0.00$0.00$0.00

VSGAX

Vanguard Small-Cap Growth Index Fund Admiral Shares
$0.00$0.00$0.00

VSGAX vs. VIGAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VSGAX
Vanguard Small-Cap Growth Index Fund Admiral Shares		13.34%8.44%14.94%23.04%-28.39%5.70%35.26%32.76%-5.69%21.92%
VIGAX
Vanguard Growth Index Fund Admiral Shares		3.80%19.43%32.67%46.76%-33.14%27.26%40.18%37.23%-3.35%27.80%

Correlation

The correlation between VSGAX and VIGAX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.73

Correlation (3Y)
Balances recent behavior with more history.

0.72

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.80

Correlation (10Y)
Provides a long-term view across more market conditions.

0.81

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2011

0.84

The correlation between VSGAX and VIGAX shifts across timeframes, from 0.72 (3 years) to 0.84 (all time), reflecting how their relationship changes across market environments.

VSGAX vs. VIGAX - Sectors Allocation Comparison

Sectors
VSGAX
VIGAX

Technology

27.1%
56.2%

Industrials

23.4%
5.3%

Healthcare

17.9%
4.7%

Consumer Cyclical

8.9%
11.5%

Financial Services

5.7%
3.8%

Real Estate

3.7%
1.0%

Communication Services

3.6%
15.4%

Energy

3.4%
0.3%

Basic Materials

3.1%
0.5%

Consumer Defensive

2.0%
1.4%

Utilities

1.1%
0.7%

Technology

VSGAX
27.1%
VIGAX
56.2%

Industrials

VSGAX
23.4%
VIGAX
5.3%

Healthcare

VSGAX
17.9%
VIGAX
4.7%

Consumer Cyclical

VSGAX
8.9%
VIGAX
11.5%

Financial Services

VSGAX
5.7%
VIGAX
3.8%

Real Estate

VSGAX
3.7%
VIGAX
1.0%

Communication Services

VSGAX
3.6%
VIGAX
15.4%

Energy

VSGAX
3.4%
VIGAX
0.3%

Basic Materials

VSGAX
3.1%
VIGAX
0.5%

Consumer Defensive

VSGAX
2.0%
VIGAX
1.4%

Utilities

VSGAX
1.1%
VIGAX
0.7%

Compare stocks, funds, or ETFs

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Vanguard Small-Cap Growth Index Fund Admiral Shares

Vanguard Growth Index Fund Admiral Shares

Often compared with VSGAX:
VSGAX vs. VSMAXVSGAX vs. VSIAXVSGAX vs. VFIAXVSGAX vs. VEXRXVSGAX vs. VTSAXVSGAX vs. VOOVSGAX vs. VIMAX
Often compared with VIGAX:
VIGAX vs. VUGVIGAX vs. INDEXVIGAX vs. VVIAXVIGAX vs. VWUAXVIGAX vs. SCHGVIGAX vs. VFIAXVIGAX vs. FLCNX

Return for Risk

VSGAX vs. VIGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VSGAX
VSGAX Risk / Return Rank: 3737
Overall Rank
VSGAX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
VSGAX Sortino Ratio Rank: 3232
Sortino Ratio Rank
VSGAX Omega Ratio Rank: 2929
Omega Ratio Rank
VSGAX Calmar Ratio Rank: 4848
Calmar Ratio Rank
VSGAX Martin Ratio Rank: 4343
Martin Ratio Rank
VIGAX
VIGAX Risk / Return Rank: 1818
Overall Rank
VIGAX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
VIGAX Sortino Ratio Rank: 1919
Sortino Ratio Rank
VIGAX Omega Ratio Rank: 1919
Omega Ratio Rank
VIGAX Calmar Ratio Rank: 1515
Calmar Ratio Rank
VIGAX Martin Ratio Rank: 1717
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VSGAX vs. VIGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). 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.

VSGAXVIGAXDifference
Sharpe ratioReturn per unit of total volatility
0.97
0.66

+0.32

Sortino ratioReturn per unit of downside risk
1.46
1.01

+0.45

Omega ratioGain probability vs. loss probability

1.17

1.12

+0.05

Calmar ratioReturn relative to maximum drawdown

1.77

0.71

+1.07

Martin ratioReturn relative to average drawdown

6.03

2.26

+3.78

VSGAX vs. VIGAX - Sharpe Ratio Comparison

The current VSGAX Sharpe Ratio is 0.97, which is higher than the VIGAX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of VSGAX and VIGAX, 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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Drawdowns

VSGAX vs. VIGAX - Drawdown Comparison

The maximum VSGAX drawdown since its inception was -38.70%, smaller than the maximum VIGAX drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for VSGAX and VIGAX.

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Drawdown Indicators

VSGAXVIGAXDifference

Max Drawdown

Largest peak-to-trough decline

-38.70%

-50.66%

+11.96%

Max Drawdown (1Y)

Largest decline over 1 year

-11.37%

-16.51%

+5.14%

Max Drawdown (3Y)

Largest decline over 3 years

-27.47%

-23.04%

-4.43%

Max Drawdown (5Y)

Largest decline over 5 years

-38.36%

-35.63%

-2.73%

Max Drawdown (10Y)

Largest decline over 10 years

-38.70%

-35.63%

-3.07%

Current Drawdown

Current decline from peak

-6.66%

-6.60%

-0.06%

Average Drawdown

Average peak-to-trough decline

-8.49%

-11.92%

+3.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.35%

5.16%

-1.81%

Volatility

VSGAX vs. VIGAX - Volatility Comparison

Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) and Vanguard Growth Index Fund Admiral Shares (VIGAX) have volatilities of 5.24% and 5.41%, 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

VSGAXVIGAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.24%

5.41%

-0.17%

Volatility (6M)

Calculated over the trailing 6-month period

16.13%

14.24%

+1.89%

Volatility (1Y)

Calculated over the trailing 1-year period

20.70%

17.76%

+2.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.74%

22.62%

+1.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.05%

21.69%

+1.36%

VSGAX vs. VIGAX - Expense Ratio Comparison

VSGAX has a 0.07% expense ratio, which is higher than VIGAX's 0.05% 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

VSGAX vs. VIGAX - Dividend Comparison

VSGAX's dividend yield for the trailing twelve months is around 0.44%, more than VIGAX's 0.39% yield.

PositionTTM20252024202320222021202020192018201720162015
VIGAX
Vanguard Growth Index Fund Admiral Shares		0.39%0.40%0.46%0.57%0.69%0.47%0.66%0.94%1.31%1.14%1.39%1.31%
VSGAX
Vanguard Small-Cap Growth Index Fund Admiral Shares		0.44%0.54%0.54%0.67%0.55%0.36%0.44%0.57%0.79%0.81%1.08%0.98%

Frequently Asked Questions

VSGAX and VIGAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VIGAX has higher volatility (5.41%) compared to VSGAX (5.24%). In terms of maximum drawdown, VSGAX dropped -38.70% vs VIGAX's -50.66%.

VSGAX currently has the higher Sharpe Ratio (0.97 vs 0.66), 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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