Top Stock Funds Ranked by Risk-Adjusted Returns
Second 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 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-MC Nicholas (NICSX) 21.6 1.1 9 22.8
Stk-LC Vanguard PRIMECAP Inv (VPMCX) 20.2 1 8.6 20.3
Stk-LC Vanguard PRIMECAP Core Inv (VPCCX) 19.7 1 8.4 19.4
Stk-LC Vanguard Cap Opprt Inv (VHCOX) 19.5 1.2 10.1 22.9
Stk-LC PRIMECAP Odyssey Stk (POSKX) 19.3 0.9 8 18.1
Stk-LC Vanguard FTSE Soc Idx Inv (VFTSX) 18.5 1.1 9 19.4
Stk-LC T. Rowe Price Value (TRVLX) 18.4 1 8.9 19.2
Stk-LC Sequoia (SEQUX) 18.4 1 8.9 19.1
Stk-MC Janus Enterprise T (JAENX) 18.3 1 8.4 17.9
Stk-MC AmCent Mid Cap Value Inv (ACMVX) 18.2 0.9 8.1 17.2
Stk-LC Nubrgr Ber Focus Inv (NBSSX) 18.2 1 8.6 18.2
Stk-MC Vanguard Strategic Eq Inv (VSEQX) 18.1 1.2 10 21.1
Stk-MC Fidelity Mid Cap Value (FSMVX) 18.1 1.1 9.7 20.5
Stk-LC Buffalo Large Cap (BUFEX) 18.1 1 8.9 18.8
Stk-LC Janus Research T (JAMRX) 18 1.1 9.1 19.2
Stk-LC Bridgeway Large-Cap Gr (BRLGX) 17.8 1.2 9.9 20.6
Stk-MC Fidelity Value (FDVLX) 17.7 1.1 9.5 19.7
Stk-MC Nubrgr Ber Mid Cap Int Val Inv (NBRVX) 17.7 1.1 9 18.6
Stk-MC WF Adv Spec Mid Cap Val Inv (SMCDX) 17.7 1.1 9.6 19.9
Stk-MC Longleaf Partners Sm-Cap (LLSCX) 17.6 1 8.5 17.5
Stk-MC Fidelity Grth Strat (FDEGX) 17.6 1.1 9.6 19.8
Stk-LC Fidelity Disciplined Eq (FDEQX) 17.5 1 8.7 17.8
Stk-LC Dodge & Cox Stock (DODGX) 17.5 1.1 9.4 19.2
Stk-LC Fidelity Magellan (FMAGX) 17.4 1.1 9.1 18.6
Stk-LC Fidelity Value Discovery (FVDFX) 17.4 1 8.7 17.6
Stk-MC Vanguard MdCp Val Idx Inv (VMVIX) 17.3 1.1 9.2 18.7
Stk-LC BMO Large-Cap Val Y (MREIX) 17.3 1 8.8 17.8
Stk-LC BMO Large-Cap Gr Y (MASTX) 17.3 1 8.9 17.9
Stk-LC Vanguard US Value Inv (VUVLX) 17.2 1 8.9 18
Stk-MC Fidelity Low-Priced Stk (FLPSX) 17.2 1 8.6 17.4
Benchmarks
IDX S&P 500 16.4 1 8.6 16.4
IDX S&P MidCap 400 14.7 1.2 10.3 17.6
IDX S&P SmallCap 600 12.9 1.4 11.9 18
*Over the past three years through June 30, 2015.