Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX)

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The chart shows the growth of an initial investment of $10,000 in Vanguard Tax-Managed Balanced Fund Admiral Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has returned -3.56% so far this year and 9.77% over the past 12 months. Over the last ten years, VTMFX has returned 7.82% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 6, 1994, VTMFX's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, your investment would double in approximately 9.1 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +7.1%, while the worst month was Oct 2008 at -8.4%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.

On a daily basis, VTMFX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +5.4%, while the worst single day was Mar 16, 2020 at -6.0%.

Vanguard Tax-Managed Balanced Fund Admiral Shares has an annualized alpha of 2.93%, beta of 0.48, and R² of 0.95 versus S&P 500 Index. Calculated based on daily prices since September 07, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (55.42%) than losses (51.75%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 2.93% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.48 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

VTMFX has an expense ratio of 0.09%, which is considered low.

VTMFX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and compare them to a chosen benchmark (S&P 500 Index).

Vanguard Tax-Managed Balanced Fund Admiral Shares provided a 2.31% dividend yield over the last twelve months, with an annual payout of $1.09 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Vanguard Tax-Managed Balanced Fund Admiral Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Vanguard Tax-Managed Balanced Fund Admiral Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard Tax-Managed Balanced Fund Admiral Shares was 28.49%, occurring on Mar 9, 2009. Recovery took 277 trading sessions.

The current Vanguard Tax-Managed Balanced Fund Admiral Shares drawdown is 5.38%.

The chart below shows the rolling one-month volatility.