CLM vs. VTMFX

Last updated Jun 24, 2026

CLM (Cornerstone Strategic Value Fund) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both Diversified Portfolio funds. CLM is actively managed, while VTMFX is passively managed. Over the past 10 years, CLM returned 11.84%/yr vs 8.70%/yr for VTMFX. At a 0.40 correlation, their price movements are largely independent. CLM charges 2.50%/yr vs 0.05%/yr for VTMFX.

Performance

CLM vs. VTMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cornerstone Strategic Value Fund (CLM) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLM achieves a -3.44% return, which is significantly lower than VTMFX's 5.23% return. Over the past 10 years, CLM has outperformed VTMFX with an annualized return of 11.84%, while VTMFX has yielded a comparatively lower 8.70% annualized return.

CLM

• 1D: -1.34%
• 1M: -1.05%
• YTD: -3.44%
• 6M: -2.62%
• 1Y: 11.71%
• 3Y*: 16.02%
• 5Y*: 10.01%
• 10Y*: 11.84%

VTMFX

• 1D: -0.19%
• 1M: 0.76%
• YTD: 5.23%
• 6M: 4.83%
• 1Y: 14.99%
• 3Y*: 12.08%
• 5Y*: 7.01%
• 10Y*: 8.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLM vs. VTMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLM Cornerstone Strategic Value Fund	-3.44%	18.61%	41.49%	17.50%	-36.72%	41.42%	29.43%	23.60%	-11.94%	22.11%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	5.23%	11.28%	12.17%	15.55%	-12.69%	13.10%	13.31%	18.01%	-1.40%	12.61%

Correlation

The correlation between CLM and VTMFX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 2, 2002	0.40

Over the past year, CLM and VTMFX have become more correlated (0.62) than their long-term average of 0.40, meaning their price movements have been converging.

Return for Risk

CLM vs. VTMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLM

CLM Risk / Return Rank: 10
CLM Sharpe Ratio Rank: 9
CLM Sortino Ratio Rank: 9
CLM Omega Ratio Rank: 11
CLM Calmar Ratio Rank: 9
CLM Martin Ratio Rank: 10

VTMFX

VTMFX Risk / Return Rank: 76
VTMFX Sharpe Ratio Rank: 80
VTMFX Sortino Ratio Rank: 78
VTMFX Omega Ratio Rank: 78
VTMFX Calmar Ratio Rank: 63
VTMFX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLM vs. VTMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cornerstone Strategic Value Fund (CLM) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CLM	VTMFX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	2.43	-1.69
Sortino ratio: Return per unit of downside risk	1.12	3.42	-2.30
Omega ratio: Gain probability vs. loss probability	1.15	1.46	-0.31
Calmar ratio: Return relative to maximum drawdown	0.80	2.91	-2.11
Martin ratio: Return relative to average drawdown	2.63	13.60	-10.97

CLM vs. VTMFX - Sharpe Ratio Comparison

The current CLM Sharpe Ratio is 0.74, which is lower than the VTMFX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of CLM and VTMFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CLM vs. VTMFX - Drawdown Comparison

The maximum CLM drawdown since its inception was -77.02%, which is greater than VTMFX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for CLM and VTMFX.

Drawdown Indicators

	CLM	VTMFX	Difference
Max Drawdown Largest peak-to-trough decline	-77.02%	-28.49%	-48.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.61%	-5.38%	-9.23%
Max Drawdown (3Y) Largest decline over 3 years	-25.16%	-10.61%	-14.55%
Max Drawdown (5Y) Largest decline over 5 years	-43.45%	-17.40%	-26.05%
Max Drawdown (10Y) Largest decline over 10 years	-44.98%	-21.87%	-23.11%
Current Drawdown Current decline from peak	-5.14%	-0.75%	-4.39%
Average Drawdown Average peak-to-trough decline	-24.76%	-3.54%	-21.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	1.15%	+3.31%

Volatility

CLM vs. VTMFX - Volatility Comparison

Cornerstone Strategic Value Fund (CLM) has a higher volatility of 3.91% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 2.45%. This indicates that CLM's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLM	VTMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	2.45%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	14.18%	5.18%	+9.00%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	6.46%	+9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.09%	8.57%	+15.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.97%	9.15%	+15.82%

CLM vs. VTMFX - Expense Ratio Comparison

CLM has a 2.50% expense ratio, which is higher than VTMFX's 0.05% expense ratio.

Dividends

CLM vs. VTMFX - Dividend Comparison

CLM's dividend yield for the trailing twelve months is around 19.91%, more than VTMFX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLM Cornerstone Strategic Value Fund	19.91%	17.48%	15.17%	20.50%	29.44%	13.45%	18.96%	21.98%	25.38%	18.04%	22.44%	28.20%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	2.12%	2.14%	2.08%	1.94%	1.85%	1.38%	1.72%	2.05%	2.22%	2.00%	2.13%	2.06%

Frequently Asked Questions

Can I hold both CLM and VTMFX in my portfolio?

CLM and VTMFX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLM or VTMFX?

CLM has higher volatility (3.91%) compared to VTMFX (2.45%). In terms of maximum drawdown, CLM dropped -77.02% vs VTMFX's -28.49%.

Which has better risk-adjusted returns?

VTMFX currently has the higher Sharpe Ratio (2.43 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.