ITDE vs. VSMGX

Last updated Jun 13, 2026

ITDE (Ishares Lifepath Target Date 2045 ETF) and VSMGX (Vanguard LifeStrategy 60/40 Fund) are both funds - ITDE is a Target Retirement Date fund actively managed by iShares, while VSMGX is a Allocation--50% to 70% Equity fund managed by Vanguard. Over the past year, ITDE returned 22.54% vs 16.63% for VSMGX. With a 0.97 correlation, they move nearly in lockstep. ITDE charges 0.11%/yr vs 0.10%/yr for VSMGX.

Performance

ITDE vs. VSMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lifepath Target Date 2045 ETF (ITDE) and Vanguard LifeStrategy 60/40 Fund (VSMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITDE achieves a 9.74% return, which is significantly higher than VSMGX's 6.62% return.

ITDE

• 1D: 0.35%
• 1M: 0.76%
• YTD: 9.74%
• 6M: 10.42%
• 1Y: 22.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VSMGX

• 1D: 1.65%
• 1M: 0.19%
• YTD: 6.62%
• 6M: 7.29%
• 1Y: 16.63%
• 3Y*: 15.19%
• 5Y*: 7.36%
• 10Y*: 8.83%

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

ITDE vs. VSMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITDE Ishares Lifepath Target Date 2045 ETF	9.74%	19.34%	14.62%	13.21%
VSMGX Vanguard LifeStrategy 60/40 Fund	6.62%	16.26%	15.03%	10.52%

Correlation

The correlation between ITDE and VSMGX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.97

The correlation between ITDE and VSMGX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

ITDE vs. VSMGX - Sectors Allocation Comparison

Sectors	ITDE	VSMGX
Technology	25.8%	27.3%
Financial Services	15.3%	16.1%
Industrials	11.7%	12.4%
Consumer Cyclical	8.9%	9.4%
Healthcare	7.9%	8.3%
Communication Services	7.8%	8.0%
Real Estate	6.7%	2.5%
Consumer Defensive	4.6%	4.8%
Energy	4.3%	4.3%
Basic Materials	4.1%	4.3%
Utilities	2.9%	2.7%

Return for Risk

ITDE vs. VSMGX — Risk / Return Rank

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

ITDE

ITDE Risk / Return Rank: 68
ITDE Sharpe Ratio Rank: 70
ITDE Sortino Ratio Rank: 70
ITDE Omega Ratio Rank: 71
ITDE Calmar Ratio Rank: 61
ITDE Martin Ratio Rank: 71

VSMGX

VSMGX Risk / Return Rank: 72
VSMGX Sharpe Ratio Rank: 72
VSMGX Sortino Ratio Rank: 71
VSMGX Omega Ratio Rank: 72
VSMGX Calmar Ratio Rank: 68
VSMGX Martin Ratio Rank: 75

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.

ITDE vs. VSMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2045 ETF (ITDE) and Vanguard LifeStrategy 60/40 Fund (VSMGX). 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.

	ITDE	VSMGX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.98	-0.01
Sortino ratio: Return per unit of downside risk	2.76	2.78	-0.02
Omega ratio: Gain probability vs. loss probability	1.36	1.37	-0.01
Calmar ratio: Return relative to maximum drawdown	2.68	2.58	+0.10
Martin ratio: Return relative to average drawdown	11.57	11.06	+0.51

ITDE vs. VSMGX - Sharpe Ratio Comparison

The current ITDE Sharpe Ratio is 1.97, which is comparable to the VSMGX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of ITDE and VSMGX, 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

ITDE vs. VSMGX - Drawdown Comparison

The maximum ITDE drawdown since its inception was -14.67%, smaller than the maximum VSMGX drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for ITDE and VSMGX.

Drawdown Indicators

	ITDE	VSMGX	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-41.13%	+26.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-6.64%	-1.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.43%	—
Current Drawdown Current decline from peak	-1.31%	-1.50%	+0.19%
Average Drawdown Average peak-to-trough decline	-1.42%	-4.84%	+3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.55%	+0.41%

Volatility

ITDE vs. VSMGX - Volatility Comparison

Ishares Lifepath Target Date 2045 ETF (ITDE) has a higher volatility of 4.39% compared to Vanguard LifeStrategy 60/40 Fund (VSMGX) at 3.63%. This indicates that ITDE's price experiences larger fluctuations and is considered to be riskier than VSMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITDE	VSMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	3.63%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	7.24%	+2.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.48%	8.67%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	10.26%	+2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.00%	10.39%	+2.61%

ITDE vs. VSMGX - Expense Ratio Comparison

ITDE has a 0.11% expense ratio, which is higher than VSMGX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ITDE vs. VSMGX - Dividend Comparison

ITDE's dividend yield for the trailing twelve months is around 1.69%, less than VSMGX's 4.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITDE Ishares Lifepath Target Date 2045 ETF	1.69%	1.86%	1.64%	0.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VSMGX Vanguard LifeStrategy 60/40 Fund	4.92%	5.25%	11.49%	4.01%	2.66%	3.86%	3.46%	2.52%	4.11%	1.09%	2.26%	3.89%

Frequently Asked Questions

Can I hold both ITDE and VSMGX in my portfolio?

With a correlation of 0.99, ITDE and VSMGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ITDE or VSMGX?

ITDE has higher volatility (4.39%) compared to VSMGX (3.63%). In terms of maximum drawdown, ITDE dropped -14.67% vs VSMGX's -41.13%.

Which has better risk-adjusted returns?

VSMGX currently has the higher Sharpe Ratio (1.98 vs 1.97), 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.