VSSVX vs. VVSCX

Last updated Aug 1, 2026

VSSVX (VALIC Company I Small Cap Special Values Fund) and VVSCX (VALIC Company I Small Cap Value Fund) are both Small Cap Value Equities funds from VALIC. Over the past 5 years, VSSVX returned 3.45%/yr vs 7.63%/yr for VVSCX. Their correlation of 0.95 means they have usually moved in the same direction. VSSVX charges 0.87%/yr vs 0.76%/yr for VVSCX.

Performance

VSSVX vs. VVSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VALIC Company I Small Cap Special Values Fund (VSSVX) and VALIC Company I Small Cap Value Fund (VVSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSSVX achieves a 15.44% return, which is significantly lower than VVSCX's 21.87% return.

VSSVX

• 1D: 0.61%
• 1M: -0.52%
• 6M: 9.17%
• YTD: 15.44%
• 1Y: 20.27%
• 3Y*: 4.16%
• 5Y*: 3.45%
• 10Y*: 6.63%
• ALL TIME*: 4.32%

VVSCX

• 1D: 0.51%
• 1M: 0.44%
• 6M: 14.08%
• YTD: 21.87%
• 1Y: 42.25%
• 3Y*: 12.58%
• 5Y*: 7.63%
• 10Y*: —
• ALL TIME*: 6.13%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VSSVX VALIC Company I Small Cap Special Values Fund	$0.00	$0.00	$0.00
VVSCX VALIC Company I Small Cap Value Fund	$0.00	$0.00	$0.00

VSSVX vs. VVSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VSSVX VALIC Company I Small Cap Special Values Fund	15.44%	-12.52%	6.53%	18.97%	-13.61%	2.66%
VVSCX VALIC Company I Small Cap Value Fund	21.87%	4.30%	9.10%	12.56%	-13.72%	0.69%

Correlation

The correlation between VSSVX and VVSCX is 0.88, 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.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021	0.95

The correlation between VSSVX and VVSCX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

Return for Risk

VSSVX vs. VVSCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VSSVX

VSSVX Risk / Return Rank: 28
VSSVX Sharpe Ratio Rank: 28
VSSVX Sortino Ratio Rank: 33
VSSVX Omega Ratio Rank: 27
VSSVX Calmar Ratio Rank: 27
VSSVX Martin Ratio Rank: 26

VVSCX

VVSCX Risk / Return Rank: 89
VVSCX Sharpe Ratio Rank: 88
VVSCX Sortino Ratio Rank: 87
VVSCX Omega Ratio Rank: 81
VVSCX Calmar Ratio Rank: 94
VVSCX Martin Ratio Rank: 94

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.

VSSVX vs. VVSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Small Cap Special Values Fund (VSSVX) and VALIC Company I Small Cap Value Fund (VVSCX). 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.

	VSSVX	VVSCX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	2.20	-1.22
Sortino ratio: Return per unit of downside risk	1.60	3.17	-1.57
Omega ratio: Gain probability vs. loss probability	1.18	1.38	-0.20
Calmar ratio: Return relative to maximum drawdown	1.27	3.91	-2.64
Martin ratio: Return relative to average drawdown	3.83	15.05	-11.22

VSSVX vs. VVSCX - Sharpe Ratio Comparison

The current VSSVX Sharpe Ratio is 0.98, which is lower than the VVSCX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of VSSVX and VVSCX, 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

VSSVX vs. VVSCX - Drawdown Comparison

The maximum VSSVX drawdown since its inception was -68.85%, which is greater than VVSCX's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for VSSVX and VVSCX.

Drawdown Indicators

	VSSVX	VVSCX	Difference
Max Drawdown Largest peak-to-trough decline	-68.85%	-31.33%	-37.52%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-9.87%	-3.65%
Max Drawdown (3Y) Largest decline over 3 years	-32.14%	-31.33%	-0.81%
Max Drawdown (5Y) Largest decline over 5 years	-32.14%	-31.33%	-0.81%
Max Drawdown (10Y) Largest decline over 10 years	-44.25%	—	—
Current Drawdown Current decline from peak	-7.29%	-1.08%	-6.21%
Average Drawdown Average peak-to-trough decline	-15.77%	-10.06%	-5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	2.58%	+1.92%

Volatility

VSSVX vs. VVSCX - Volatility Comparison

VALIC Company I Small Cap Special Values Fund (VSSVX) has a higher volatility of 3.96% compared to VALIC Company I Small Cap Value Fund (VVSCX) at 3.08%. This indicates that VSSVX's price experiences larger fluctuations and is considered to be riskier than VVSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSSVX	VVSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	3.08%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	12.32%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	17.63%	17.60%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.25%	21.54%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.73%	21.60%	+0.13%

VSSVX vs. VVSCX - Expense Ratio Comparison

VSSVX has a 0.87% expense ratio, which is higher than VVSCX's 0.76% expense ratio.

Dividends

VSSVX vs. VVSCX - Dividend Comparison

VSSVX's dividend yield for the trailing twelve months is around 8.71%, less than VVSCX's 16.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSSVX VALIC Company I Small Cap Special Values Fund	8.71%	0.00%	4.41%	13.57%	7.01%	2.83%	9.91%	13.88%	1.57%	7.00%
VVSCX VALIC Company I Small Cap Value Fund	16.00%	0.00%	3.55%	16.57%	9.60%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VSSVX and VVSCX in my portfolio?

VSSVX and VVSCX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSSVX or VVSCX?

VSSVX has higher volatility (3.96%) compared to VVSCX (3.08%). In terms of maximum drawdown, VSSVX dropped -68.85% vs VVSCX's -31.33%.

Which has better risk-adjusted returns?

VVSCX currently has the higher Sharpe Ratio (2.20 vs 0.98), 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.