VSPGX vs. CHAIX
VSPGX (Vanguard S&P 500 Growth Index Fund Institutional Shares) and CHAIX (Chase Growth Fund Institutional Class) are both Large Cap Growth Equities funds. VSPGX is passively managed, while CHAIX is actively managed. Over the past 5 years, VSPGX returned 13.55%/yr vs 16.96%/yr for CHAIX. Their correlation of 0.89 means they have usually moved in the same direction. VSPGX charges 0.05%/yr vs 1.00%/yr for CHAIX.
Performance
VSPGX vs. CHAIX - Performance Comparison
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Returns By Period
In the year-to-date period, VSPGX achieves a 12.48% return, which is significantly lower than CHAIX's 23.79% return.
VSPGX
- 1D
- 2.24%
- 1M
- 1.98%
- 6M
- 13.33%
- YTD
- 12.48%
- 1Y
- 22.00%
- 3Y*
- 25.91%
- 5Y*
- 13.55%
- 10Y*
- —
- ALL TIME*
- 18.10%
CHAIX
- 1D
- 1.45%
- 1M
- 0.37%
- 6M
- 18.85%
- YTD
- 23.79%
- 1Y
- 36.55%
- 3Y*
- 31.58%
- 5Y*
- 16.96%
- 10Y*
- 17.56%
- ALL TIME*
- 11.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VSPGX vs. CHAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSPGX Vanguard S&P 500 Growth Index Fund Institutional Shares | 12.48% | 21.91% | 35.48% | 30.38% | -29.46% | 31.88% | 33.34% | 31.06% | -0.05% | 23.40% |
CHAIX Chase Growth Fund Institutional Class | 23.79% | 20.67% | 38.77% | 26.00% | -20.32% | 22.36% | 18.41% | 41.69% | -3.87% | 21.28% |
Correlation
The correlation between VSPGX and CHAIX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.89 |
The correlation between VSPGX and CHAIX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
VSPGX vs. CHAIX — Risk / Return Rank
VSPGX
CHAIX
VSPGX vs. CHAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) and Chase Growth Fund Institutional Class (CHAIX). 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.
| VSPGX | CHAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.97 | -2.18 |
| Martin ratioReturn relative to average drawdown | 6.51 | 15.47 | -8.96 |
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Drawdowns
VSPGX vs. CHAIX - Drawdown Comparison
The maximum VSPGX drawdown since its inception was -32.73%, smaller than the maximum CHAIX drawdown of -50.61%. Use the drawdown chart below to compare losses from any high point for VSPGX and CHAIX.
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Drawdown Indicators
| VSPGX | CHAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -50.61% | +17.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -9.86% | -3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -22.34% | -23.40% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -24.58% | -8.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.36% | — |
Current DrawdownCurrent decline from peak | -2.24% | -2.68% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -10.32% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.52% | +1.23% |
Volatility
VSPGX vs. CHAIX - Volatility Comparison
Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) and Chase Growth Fund Institutional Class (CHAIX) have volatilities of 6.37% and 6.34%, 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
| VSPGX | CHAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 6.34% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 15.31% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 19.28% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 18.89% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 19.19% | +2.20% |
VSPGX vs. CHAIX - Expense Ratio Comparison
VSPGX has a 0.05% expense ratio, which is lower than CHAIX's 1.00% expense ratio.
Dividends
VSPGX vs. CHAIX - Dividend Comparison
VSPGX's dividend yield for the trailing twelve months is around 0.47%, less than CHAIX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHAIX Chase Growth Fund Institutional Class | 6.63% | 8.20% | 18.32% | 5.36% | 5.09% | 18.78% | 7.39% | 21.65% | 12.33% | 11.44% | 8.83% | 9.93% |
VSPGX Vanguard S&P 500 Growth Index Fund Institutional Shares | 0.47% | 0.38% | 0.50% | 1.14% | 0.95% | 0.55% | 0.89% | 0.68% | 0.31% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VSPGX and CHAIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSPGX has higher volatility (6.37%) compared to CHAIX (6.34%). In terms of maximum drawdown, VSPGX dropped -32.73% vs CHAIX's -50.61%.
CHAIX currently has the higher Sharpe Ratio (2.04 vs 1.35), 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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