Top Stock Funds Ranked by Risk-Adjusted Returns
First 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 Glenmede Large Cap Gr (GTLLX) 14.9 1.1 12.1 15.8
Stk-LC USAA NASDAQ-100 Idx (USNQX) 14.2 1.2 13.8 17.2
Stk-LC Parnassus Endeavor Inv (PARWX) 14.1 1.0 11.3 14.0
Stk-LC T. Rowe Price US LC Core (TRULX) 14.0 0.9 10.7 13.2
Stk-LC Rydex NQ100 Inv (RYOCX) 13.7 1.2 13.7 16.6
Stk-LC Buffalo Large Cap (BUFEX) 13.6 1.0 11.0 13.2
Stk-LC BMO Large-Cap Gr Y (MASTX) 13.5 1.1 11.9 14.2
Stk-LC Bridgeway Large-Cap Gr (BRLGX) 13.2 1.1 12.1 14.0
Stk-LC AmCent Equity Inc Inv (TWEIX) 13.2 0.7 8.1 9.5
Stk-LC Vanguard PRIMECAP Inv (VPMCX) 13.2 1.0 11.5 13.3
Stk-LC ProFunds Ult NASDAQ 100 Inv (UOPIX) 13.1 2.5 28.3 32.5
Stk-LC Fidelity Series Opp Insgh (FVWSX) 13.1 1.1 12.3 14.2
Stk-LC Jensen Quality Grth J (JENSX) 13.1 1.0 11.1 12.7
Stk-LC Fidelity LC Grth Enh Idx (FLGEX) 13.0 1.0 11.6 13.3
Stk-LC Vanguard Div Grth Inv (VDIGX) 13.0 0.9 10.2 11.8
Stk-LC USAA Grth (USAAX) 13.0 1.1 12.4 14.2
Stk-LC Fidelity Nasdaq Com Idx (FNCMX) 13.0 1.2 13.5 15.4
Stk-LC Vanguard PRIMECAP Core Inv (VPCCX) 12.9 1.0 11.3 12.8
Stk-MC AmCent Mid Cap Value Inv (ACMVX) 12.7 0.9 10.6 11.9
Stk-MC T. Rowe Price Mid Gr (RPMGX) 12.7 1.1 12.2 13.6
Stk-LC T. Rowe Price Grth & Inc (PRGIX) 12.6 1.0 11.1 12.4
Stk-LC Madison Investors Y (MINVX) 12.6 0.9 9.9 11.0
Stk-MC Janus Enterprise T (JAENX) 12.6 1.0 11.0 12.2
Stk-LC INTECH US Core T (JRMSX) 12.6 1.0 11.0 12.2
Stk-MC Fidelity Grth Strat (FDEGX) 12.6 1.0 11.6 12.8
Stk-LC Parnassus Core Equity Inv (PRBLX) 12.5 0.9 10.5 11.5
Stk-LC Vanguard Grth & Inc Inv (VQNPX) 12.4 1.0 11.2 12.2
Stk-LC Vanguard US Gr Inv (VWUSX) 12.4 1.1 12.3 13.4
Stk-LC Buffalo Grth (BUFGX) 12.4 1.0 11.1 12.1
Stk-LC Janus Research T (JAMRX) 12.4 1.1 12.1 13.2
Benchmarks
  S&P 500 11.9 1.00 11.4 11.9
  S&P MidCap 400 8.9 1.10 12.5 9.8
  S&P SmallCap 600 8.7 1.25 14.2 10.9
*Over the past three years through March 31, 2016.