LEEIX vs. VTMSX

Last updated Aug 1, 2026

LEEIX (BlackRock LifePath ESG Index 2055 Fund) and VTMSX (Vanguard Tax-Managed Small-Cap Fund Admiral Shares) are both mutual funds - LEEIX is a Target Retirement Date fund managed by BlackRock, while VTMSX is a Small Cap Blend Equities fund managed by BlackRock. Over the past 5 years, LEEIX returned 9.41%/yr vs 7.52%/yr for VTMSX. Their correlation of 0.82 means they have usually moved in the same direction. LEEIX charges 0.05%/yr vs 0.09%/yr for VTMSX.

Performance

LEEIX vs. VTMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath ESG Index 2055 Fund (LEEIX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEEIX achieves a 11.42% return, which is significantly lower than VTMSX's 21.93% return.

LEEIX

• 1D: 1.97%
• 1M: -0.21%
• 6M: 8.06%
• YTD: 11.42%
• 1Y: 23.42%
• 3Y*: 16.34%
• 5Y*: 9.41%
• 10Y*: —
• ALL TIME*: 12.81%

VTMSX

• 1D: 0.86%
• 1M: -0.56%
• 6M: 15.49%
• YTD: 21.93%
• 1Y: 36.13%
• 3Y*: 13.30%
• 5Y*: 7.52%
• 10Y*: 10.75%
• ALL TIME*: 10.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LEEIX BlackRock LifePath ESG Index 2055 Fund	$0.00	$0.00	$0.00
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	$0.00	$0.00	$0.00

LEEIX vs. VTMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LEEIX BlackRock LifePath ESG Index 2055 Fund	11.42%	20.77%	13.11%	21.13%	-18.58%	19.91%	13.75%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	21.93%	5.93%	8.61%	15.95%	-16.16%	27.08%	21.88%

Correlation

The correlation between LEEIX and VTMSX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020	0.82

The correlation between LEEIX and VTMSX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

LEEIX vs. VTMSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LEEIX

LEEIX Risk / Return Rank: 65
LEEIX Sharpe Ratio Rank: 63
LEEIX Sortino Ratio Rank: 60
LEEIX Omega Ratio Rank: 60
LEEIX Calmar Ratio Rank: 65
LEEIX Martin Ratio Rank: 76

VTMSX

VTMSX Risk / Return Rank: 84
VTMSX Sharpe Ratio Rank: 80
VTMSX Sortino Ratio Rank: 81
VTMSX Omega Ratio Rank: 76
VTMSX Calmar Ratio Rank: 93
VTMSX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LEEIX vs. VTMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath ESG Index 2055 Fund (LEEIX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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.

	LEEIX	VTMSX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.87	-0.28
Sortino ratio: Return per unit of downside risk	2.24	2.77	-0.53
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.25	3.79	-1.53
Martin ratio: Return relative to average drawdown	9.66	12.88	-3.22

LEEIX vs. VTMSX - Sharpe Ratio Comparison

The current LEEIX Sharpe Ratio is 1.59, which is comparable to the VTMSX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of LEEIX and VTMSX, 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

LEEIX vs. VTMSX - Drawdown Comparison

The maximum LEEIX drawdown since its inception was -27.28%, smaller than the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for LEEIX and VTMSX.

Drawdown Indicators

	LEEIX	VTMSX	Difference
Max Drawdown Largest peak-to-trough decline	-27.28%	-57.84%	+30.56%
Max Drawdown (1Y) Largest decline over 1 year	-9.52%	-8.59%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	-17.46%	-27.93%	+10.47%
Max Drawdown (5Y) Largest decline over 5 years	-27.28%	-27.93%	+0.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.88%	—
Current Drawdown Current decline from peak	-1.32%	-1.82%	+0.50%
Average Drawdown Average peak-to-trough decline	-5.64%	-8.88%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.53%	-0.31%

Volatility

LEEIX vs. VTMSX - Volatility Comparison

BlackRock LifePath ESG Index 2055 Fund (LEEIX) has a higher volatility of 3.85% compared to Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) at 3.47%. This indicates that LEEIX's price experiences larger fluctuations and is considered to be riskier than VTMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEEIX	VTMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	3.47%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	11.27%	11.67%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	13.52%	17.40%	-3.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	21.32%	-5.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	23.07%	-7.26%

LEEIX vs. VTMSX - Expense Ratio Comparison

LEEIX has a 0.05% expense ratio, which is lower than VTMSX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LEEIX vs. VTMSX - Dividend Comparison

LEEIX's dividend yield for the trailing twelve months is around 1.41%, more than VTMSX's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEEIX BlackRock LifePath ESG Index 2055 Fund	1.41%	1.57%	0.00%	2.10%	2.04%	2.72%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	1.19%	1.28%	1.44%	1.50%	1.51%	1.16%	1.09%	1.15%	1.26%	1.11%	1.01%	1.26%

Frequently Asked Questions

Can I hold both LEEIX and VTMSX in my portfolio?

LEEIX and VTMSX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEEIX or VTMSX?

LEEIX has higher volatility (3.85%) compared to VTMSX (3.47%). In terms of maximum drawdown, LEEIX dropped -27.28% vs VTMSX's -57.84%.

Which has better risk-adjusted returns?

VTMSX currently has the higher Sharpe Ratio (1.87 vs 1.59), 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.