VSNGX vs. VHIAX

Last updated Jun 5, 2026

VSNGX (JPMorgan Mid Cap Equity Fund) and VHIAX (JPMorgan Growth Advantage Fund) are both mutual funds - VSNGX is a Mid Cap Growth Equities fund managed by JPMorgan, while VHIAX is a Large Cap Growth Equities fund managed by JPMorgan. Over the past 10 years, VSNGX returned 11.50%/yr vs 19.10%/yr for VHIAX. Their correlation of 0.89 suggests significant overlap in exposure. VSNGX charges 0.89%/yr vs 1.04%/yr for VHIAX.

Performance

VSNGX vs. VHIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mid Cap Equity Fund (VSNGX) and JPMorgan Growth Advantage Fund (VHIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VSNGX having a 6.74% return and VHIAX slightly lower at 6.42%. Over the past 10 years, VSNGX has underperformed VHIAX with an annualized return of 11.50%, while VHIAX has yielded a comparatively higher 19.10% annualized return.

VSNGX

• 1D: -0.35%
• 1M: 0.67%
• YTD: 6.74%
• 6M: 6.17%
• 1Y: 13.25%
• 3Y*: 14.54%
• 5Y*: 6.75%
• 10Y*: 11.50%

VHIAX

• 1D: -1.20%
• 1M: 3.69%
• YTD: 6.42%
• 6M: 4.80%
• 1Y: 21.15%
• 3Y*: 25.12%
• 5Y*: 13.85%
• 10Y*: 19.10%

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

VSNGX vs. VHIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSNGX JPMorgan Mid Cap Equity Fund	6.74%	6.09%	18.60%	16.15%	-16.03%	19.97%	22.62%	32.73%	-8.20%	21.35%
VHIAX JPMorgan Growth Advantage Fund	6.42%	15.50%	39.19%	39.81%	-30.24%	21.60%	53.26%	35.92%	-1.52%	35.19%

Correlation

The correlation between VSNGX and VHIAX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 1, 1999	0.89

Over the past year, the correlation between VSNGX and VHIAX has dropped to 0.60 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

VSNGX vs. VHIAX — Risk / Return Rank

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

VSNGX

VSNGX Risk / Return Rank: 18
VSNGX Sharpe Ratio Rank: 15
VSNGX Sortino Ratio Rank: 16
VSNGX Omega Ratio Rank: 14
VSNGX Calmar Ratio Rank: 20
VSNGX Martin Ratio Rank: 24

VHIAX

VHIAX Risk / Return Rank: 20
VHIAX Sharpe Ratio Rank: 24
VHIAX Sortino Ratio Rank: 22
VHIAX Omega Ratio Rank: 23
VHIAX Calmar Ratio Rank: 16
VHIAX Martin Ratio Rank: 16

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.

VSNGX vs. VHIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Equity Fund (VSNGX) and JPMorgan Growth Advantage Fund (VHIAX). 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.

	VSNGX	VHIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.40	-0.34
Sortino ratio: Return per unit of downside risk	1.61	1.96	-0.35
Omega ratio: Gain probability vs. loss probability	1.19	1.25	-0.06
Calmar ratio: Return relative to maximum drawdown	1.59	1.39	+0.20
Martin ratio: Return relative to average drawdown	5.93	4.42	+1.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSNGX vs. VHIAX - Sharpe Ratio Comparison

The current VSNGX Sharpe Ratio is 1.06, which is comparable to the VHIAX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of VSNGX and VHIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VSNGX	VHIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.40	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.62	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.86	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.36	+0.17

Drawdowns

VSNGX vs. VHIAX - Drawdown Comparison

The maximum VSNGX drawdown since its inception was -54.50%, smaller than the maximum VHIAX drawdown of -85.49%. Use the drawdown chart below to compare losses from any high point for VSNGX and VHIAX.

Drawdown Indicators

	VSNGX	VHIAX	Difference
Max Drawdown Largest peak-to-trough decline	-54.50%	-85.49%	+30.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-15.76%	+7.52%
Max Drawdown (3Y) Largest decline over 3 years	-18.96%	-24.38%	+5.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.08%	-35.25%	+10.17%
Max Drawdown (10Y) Largest decline over 10 years	-38.33%	-35.25%	-3.08%
Current Drawdown Current decline from peak	-0.35%	-1.20%	+0.85%
Average Drawdown Average peak-to-trough decline	-7.43%	-40.11%	+32.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	4.95%	-2.75%

Volatility

VSNGX vs. VHIAX - Volatility Comparison

The current volatility for JPMorgan Mid Cap Equity Fund (VSNGX) is 2.81%, while JPMorgan Growth Advantage Fund (VHIAX) has a volatility of 4.10%. This indicates that VSNGX experiences smaller price fluctuations and is considered to be less risky than VHIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSNGX	VHIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	4.10%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	11.83%	-2.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	15.60%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	22.39%	-4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	22.19%	-2.61%

VSNGX vs. VHIAX - Expense Ratio Comparison

VSNGX has a 0.89% expense ratio, which is lower than VHIAX's 1.04% expense ratio.

Dividends

VSNGX vs. VHIAX - Dividend Comparison

VSNGX's dividend yield for the trailing twelve months is around 5.76%, less than VHIAX's 11.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VHIAX JPMorgan Growth Advantage Fund	11.93%	12.70%	12.63%	0.64%	0.43%	15.55%	10.33%	9.95%	9.93%	4.25%	0.00%	3.55%
VSNGX JPMorgan Mid Cap Equity Fund	5.76%	6.15%	8.60%	0.50%	2.81%	7.63%	11.65%	8.60%	12.95%	5.79%	3.37%	5.15%

Frequently Asked Questions

Can I hold both VSNGX and VHIAX in my portfolio?

VSNGX and VHIAX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSNGX or VHIAX?

VHIAX has higher volatility (4.10%) compared to VSNGX (2.81%). In terms of maximum drawdown, VSNGX dropped -54.50% vs VHIAX's -85.49%.

Which has better risk-adjusted returns?

VHIAX currently has the higher Sharpe Ratio (1.40 vs 1.06), 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.