VSTCX vs. VSGAX

Last updated Jun 23, 2026

VSTCX (Vanguard Strategic Small-Cap Equity Fund) and VSGAX (Vanguard Small-Cap Growth Index Fund Admiral Shares) are both mutual funds - VSTCX is a Small Cap Blend Equities fund managed by Vanguard, while VSGAX is a Small Cap Growth Equities fund tracking the CRSP US Small Cap Growth Index. Over the past 10 years, VSTCX returned 13.03%/yr vs 11.89%/yr for VSGAX. Their correlation of 0.93 suggests significant overlap in exposure. VSTCX charges 0.26%/yr vs 0.07%/yr for VSGAX.

Performance

VSTCX vs. VSGAX - Performance Comparison

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

Returns By Period

In the year-to-date period, VSTCX achieves a 20.84% return, which is significantly higher than VSGAX's 18.37% return. Over the past 10 years, VSTCX has outperformed VSGAX with an annualized return of 13.03%, while VSGAX has yielded a comparatively lower 11.89% annualized return.

VSTCX

• 1D: 1.49%
• 1M: 4.62%
• YTD: 20.84%
• 6M: 18.00%
• 1Y: 45.39%
• 3Y*: 21.98%
• 5Y*: 13.15%
• 10Y*: 13.03%

VSGAX

• 1D: 1.99%
• 1M: 2.79%
• YTD: 18.37%
• 6M: 14.66%
• 1Y: 32.89%
• 3Y*: 16.98%
• 5Y*: 5.57%
• 10Y*: 11.89%

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

VSTCX vs. VSGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSTCX Vanguard Strategic Small-Cap Equity Fund	20.84%	15.20%	15.40%	21.34%	-13.00%	33.53%	8.38%	22.18%	-11.87%	9.21%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	18.37%	8.44%	14.94%	23.04%	-28.39%	5.70%	35.26%	32.76%	-5.69%	21.92%

Correlation

The correlation between VSTCX and VSGAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 27, 2011	0.93

The correlation between VSTCX and VSGAX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

VSTCX vs. VSGAX - Sectors Allocation Comparison

Sectors	VSTCX	VSGAX
Financial Services	18.3%	5.4%
Industrials	16.1%	24.6%
Technology	14.9%	27.2%
Healthcare	14.1%	14.4%
Consumer Cyclical	11.1%	7.9%
Real Estate	6.5%	3.5%
Energy	6.2%	4.4%
Basic Materials	5.2%	2.7%
Consumer Defensive	3.0%	2.7%
Communication Services	2.4%	3.0%
Utilities	2.3%	1.3%

Return for Risk

VSTCX vs. VSGAX — Risk / Return Rank

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

VSTCX

VSTCX Risk / Return Rank: 85
VSTCX Sharpe Ratio Rank: 84
VSTCX Sortino Ratio Rank: 81
VSTCX Omega Ratio Rank: 71
VSTCX Calmar Ratio Rank: 96
VSTCX Martin Ratio Rank: 95

VSGAX

VSGAX Risk / Return Rank: 44
VSGAX Sharpe Ratio Rank: 36
VSGAX Sortino Ratio Rank: 34
VSGAX Omega Ratio Rank: 32
VSGAX Calmar Ratio Rank: 62
VSGAX Martin Ratio Rank: 58

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.

VSTCX vs. VSGAX - Risk-Adjusted Trends Comparison

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

	VSTCX	VSGAX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.63	+0.92
Sortino ratio: Return per unit of downside risk	3.51	2.26	+1.25
Omega ratio: Gain probability vs. loss probability	1.43	1.28	+0.15
Calmar ratio: Return relative to maximum drawdown	5.62	2.90	+2.72
Martin ratio: Return relative to average drawdown	19.82	10.83	+8.98

VSTCX vs. VSGAX - Sharpe Ratio Comparison

The current VSTCX Sharpe Ratio is 2.54, which is higher than the VSGAX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of VSTCX and VSGAX, 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

VSTCX vs. VSGAX - Drawdown Comparison

The maximum VSTCX drawdown since its inception was -62.50%, which is greater than VSGAX's maximum drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for VSTCX and VSGAX.

Drawdown Indicators

	VSTCX	VSGAX	Difference
Max Drawdown Largest peak-to-trough decline	-62.50%	-38.70%	-23.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-11.37%	+3.29%
Max Drawdown (3Y) Largest decline over 3 years	-27.47%	-27.47%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-27.47%	-38.36%	+10.89%
Max Drawdown (10Y) Largest decline over 10 years	-48.08%	-38.70%	-9.38%
Current Drawdown Current decline from peak	0.00%	-0.31%	+0.31%
Average Drawdown Average peak-to-trough decline	-10.63%	-8.53%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	3.04%	-0.75%

Volatility

VSTCX vs. VSGAX - Volatility Comparison

The current volatility for Vanguard Strategic Small-Cap Equity Fund (VSTCX) is 5.38%, while Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) has a volatility of 7.28%. This indicates that VSTCX experiences smaller price fluctuations and is considered to be less risky than VSGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSTCX	VSGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	7.28%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	12.52%	15.86%	-3.34%
Volatility (1Y) Calculated over the trailing 1-year period	17.85%	20.28%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.02%	23.70%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.49%	23.07%	+0.42%

VSTCX vs. VSGAX - Expense Ratio Comparison

VSTCX has a 0.26% expense ratio, which is higher than VSGAX'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

VSTCX vs. VSGAX - Dividend Comparison

VSTCX's dividend yield for the trailing twelve months is around 6.25%, more than VSGAX's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VSTCX Vanguard Strategic Small-Cap Equity Fund	6.25%	7.55%	9.66%	2.50%	7.44%	19.92%	1.24%	4.14%	11.74%	5.76%	1.35%	2.33%

Frequently Asked Questions

Can I hold both VSTCX and VSGAX in my portfolio?

VSTCX and VSGAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSTCX or VSGAX?

VSGAX has higher volatility (7.28%) compared to VSTCX (5.38%). In terms of maximum drawdown, VSTCX dropped -62.50% vs VSGAX's -38.70%.

Which has better risk-adjusted returns?

VSTCX currently has the higher Sharpe Ratio (2.54 vs 1.63), 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.