Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX)

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Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) is up 15.6% since the beginning of the year. VTSIX is currently trading at $113 per share. Investors who bought $1,000 worth of VTSIX shares 5 years ago would now be looking at an investment worth $1,316.

Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) has returned 15.60% so far this year and 33.87% over the past 12 months. Over the last ten years, VTSIX has returned 10.72% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Apr 21, 1999, VTSIX's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +17.9%, while the worst month was Mar 2020 at -21.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, VTSIX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.1%, while the worst single day was Mar 16, 2020 at -13.1%.

Vanguard Tax-Managed Small-Cap Fund Institutional Shares has an annualized alpha of 3.85%, beta of 1.05, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since April 22, 1999.

• This fund captured 117.71% of S&P 500 Index gains and 100.28% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 3.85% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.05 and R2 of 0.76, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

VTSIX has an expense ratio of 0.06%, which is considered low.

VTSIX ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) and compare them to S&P 500 Index.

Vanguard Tax-Managed Small-Cap Fund Institutional Shares provided a 1.19% dividend yield over the last twelve months, with an annual payout of $1.34 per share.

The table displays the monthly dividend distributions for Vanguard Tax-Managed Small-Cap Fund Institutional 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 Small-Cap Fund Institutional 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 Small-Cap Fund Institutional Shares was 57.81%, occurring on Mar 9, 2009. Recovery took 460 trading sessions.

The current Vanguard Tax-Managed Small-Cap Fund Institutional Shares drawdown is 0.91%.

The chart below shows the rolling one-month volatility.