Top Stock Funds Ranked by Risk-Adjusted Returns
Second Quarter 2016

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 lists the top domestic large-cap, mid-cap and small-cap funds by risk-adjusted arithmetic average returns. The benchmark used for return and risk is the S&P 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-LC AmCent Equity Inc Inv (TWEIX) 14.7 0.72 8.1 10.7
Stk-LC Copley (COPLX) 14.2 0.80 9.0 11.4
Stk-LC Glenmede Large Cap Gr (GTLLX) 13.8 1.08 12.1 14.9
Stk-LC T. Rowe Price US LC Core (TRULX) 13.8 0.95 10.7 13.1
Stk-MC AmCent Mid Cap Value Inv (ACMVX) 13.3 0.94 10.6 12.5
Stk-LC BMO Large-Cap Gr Y (MASTX) 13.2 1.06 11.9 13.9
Stk-LC T. Rowe Price Grth & Inc (PRGIX) 13.0 0.98 11.0 12.7
Stk-LC Fidelity Strat Div & Inc (FSDIX) 12.9 0.72 8.1 9.2
Stk-LC Jensen Quality Grth J (JENSX) 12.9 0.98 11.0 12.6
Stk-LC Buffalo Large Cap (BUFEX) 12.8 0.98 11.0 12.6
Stk-LC Madison Investors Y (MINVX) 12.8 0.88 9.9 11.3
Stk-MC Value Line Focused (VLIFX) 12.8 0.94 10.5 12.0
Stk-LC T. Rowe Price Div Grth (PRDGX) 12.7 0.94 10.6 12.0
Stk-MC Janus Enterprise T (JAENX) 12.6 0.98 11.0 12.4
Stk-LC Vanguard Div Grth Inv (VDIGX) 12.6 0.90 10.1 11.4
Stk-LC Parnassus Endeavor Inv (PARWX) 12.6 1.03 11.6 13.0
Stk-LC USAA NASDAQ-100 Idx (USNQX) 12.5 1.25 14.1 15.6
Stk-LC INTECH US Core T (JRMSX) 12.4 0.98 11.0 12.1
Stk-MC T. Rowe Price Mid Gr (RPMGX) 12.3 1.08 12.2 13.3
Stk-MC Parnassus Mid-Cap (PARMX) 12.3 0.92 10.4 11.4
Stk-LC Fidelity Series Opp Insgh (FVWSX) 12.3 1.09 12.2 13.3
Stk-LC USAA Grth (USAAX) 12.3 1.10 12.4 13.4
Stk-LC Vanguard Grth & Inc Inv (VQNPX) 12.1 0.98 11.1 11.9
Stk-LC Rydex NQ100 Inv (RYOCX) 12.1 1.25 14.0 15.0
Stk-LC Parnassus Core Equity Inv (PRBLX) 12.1 0.94 10.5 11.3