Top Stock Funds Ranked by Risk-Adjusted Returns
First Quarter 2015

One way to produce an easily understood marriage of risk and return for funds is to adjust the fund return for risk. Funds with high returns that have above-benchmark standard deviations will have their returns proportionally lowered, and funds with lower returns and below-benchmark standard deviations will have their returns adjusted upward proportionally.

The risk-adjusted fund table below lists the top funds by risk-adjusted arithmetic average returns. The benchmark used for return and risk is the Standard and Poor’s 500 index. The returns of all domestic stock funds were adjusted for risk and ranked.

The table reports the risk-adjusted average annual return—what the fund would have returned if it had the same risk as the market—and the average annual return for the three-year period that it did earn. Also reported is the fund’s standard deviation for comparison purposes and the market risk index. Benchmark statistics are reported at the bottom of the table.

Category Fund
Name
(Ticker)
Average
Annual
Risk-
Adjusted
Return*
(%)
Risk
Index
(1.00 = Market Risk)
Annual
Standard
Deviation*
(%)
Average
Annual
Return*
(%)
Stk-MC Longleaf Partners Sm-Cap (LLSCX)
19.8
1.0
9.2
19.0
Stk-LC Vanguard PRIMECAP Core Inv (VPCCX)
19.7
1.0
9.2
19.0
Stk-LC Vanguard PRIMECAP Inv (VPMCX)
19.7
1.0
9.6
19.7
Stk-MC Nicholas (NICSX)
19.2
1.1
10.2
20.5
Stk-LC Vanguard Cap Opprt Inv (VHCOX)
19.0
1.2
11.0
21.8
Stk-LC PRIMECAP Odyssey Stk (POSKX)
18.8
0.9
8.8
17.3
Stk-LC Janus Contrarian T (JSVAX)
18.0
1.1
10.4
19.6
Stk-MC AmCent Mid Cap Value Inv (ACMVX)
17.9
0.9
9.0
16.7
Stk-LC Bridgeway Large-Cap Gr (BRLGX)
17.7
1.1
10.7
19.7
Stk-MC Fidelity Mid Cap Value (FSMVX)
17.6
1.1
10.6
19.4
Stk-LC Fidelity Strat Div & Inc (FSDIX)
17.5
0.7
6.7
12.2
Stk-LC Weitz Partners Value Inv (WPVLX)
17.5
0.9
8.3
15.1
Stk-LC Parnassus Core Equity Inv (PRBLX)
17.4
1.0
9.3
16.9
Stk-LC Sequoia (SEQUX)
17.2
1.0
9.4
16.8
Stk-MC Vanguard Strategic Eq Inv (VSEQX)
17.0
1.2
11.1
19.7
Stk-LC Fidelity Capital Apprec (FDCAX)
16.9
1.0
9.7
17.0
Stk-MC Nubrgr Ber Mid Cap Int Val Inv (NBRVX)
16.9
1.1
10.1
17.8
Stk-MC Janus Enterprise T (JAENX)
16.8
1.0
9.4
16.4
Stk-MC Hennessy Focus Investor (HFCSX)
16.8
1.1
10.3
18.1
Stk-LC Weitz Value Inv (WVALX)
16.8
0.9
8.5
14.9
Stk-MC WF Adv Spec Mid Cap Val Inv (SMCDX)
16.7
1.1
10.8
18.7
Stk-LC INTECH US Core T (JRMSX)
16.6
1.0
9.6
16.6
Stk-MC Vanguard MdCp Val Idx Inv (VMVIX)
16.5
1.1
10.3
17.8
Stk-LC T. Rowe Price Value (TRVLX)
16.5
1.1
10.3
17.8
Stk-LC Vanguard FTSE Soc Idx Inv (VFTSX)
16.5
1.1
10.4
17.8
Stk-LC Fidelity Value Discovery (FVDFX)
16.4
1.0
9.9
16.9
Stk-LC Vanguard US Value Inv (VUVLX)
16.3
1.1
10.1
17.2
Stk-MC PRIMECAP Odyssey Agg Gr (POAGX)
16.3
1.5
14.5
24.6
Stk-LC Nubrgr Ber Focus Inv (NBSSX)
16.3
1.0
9.8
16.6
Stk-LC Metro West AlphaTrak 500 (MWATX)
16.1
1.0
9.9
16.6
Benchmarks
IDX S&P 500 15.5 1.0 9.6 15.5
IDX S&P MidCap 400 14.3 1.2 11.1 16.4
IDX S&P SmallCap 600 12.6 1.3 12.8 16.8
*Over the past three years through December 31, 2014.