SBMAX vs. VO
Compare and contrast key facts about ClearBridge Mid Cap Fund (SBMAX) and Vanguard Mid-Cap ETF (VO).
SBMAX is managed by Franklin Templeton. It was launched on Sep 1, 1998. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004.
Performance
SBMAX vs. VO - Performance Comparison
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SBMAX vs. VO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBMAX ClearBridge Mid Cap Fund | -5.21% | 4.21% | 9.79% | 13.51% | -25.19% | 28.37% | 16.25% | 32.77% | -12.92% | 12.69% |
VO Vanguard Mid-Cap ETF | -0.05% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Returns By Period
In the year-to-date period, SBMAX achieves a -5.21% return, which is significantly lower than VO's -0.05% return. Over the past 10 years, SBMAX has underperformed VO with an annualized return of 7.09%, while VO has yielded a comparatively higher 10.74% annualized return.
SBMAX
- 1D
- -1.03%
- 1M
- -9.90%
- YTD
- -5.21%
- 6M
- -8.88%
- 1Y
- 5.82%
- 3Y*
- 6.56%
- 5Y*
- 1.27%
- 10Y*
- 7.09%
VO
- 1D
- 0.63%
- 1M
- -5.18%
- YTD
- -0.05%
- 6M
- -0.76%
- 1Y
- 13.07%
- 3Y*
- 12.85%
- 5Y*
- 6.79%
- 10Y*
- 10.74%
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SBMAX vs. VO - Expense Ratio Comparison
SBMAX has a 1.13% expense ratio, which is higher than VO's 0.04% expense ratio.
Return for Risk
SBMAX vs. VO — Risk / Return Rank
SBMAX
VO
SBMAX vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Mid Cap Fund (SBMAX) and Vanguard Mid-Cap ETF (VO). 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.
| SBMAX | VO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 0.75 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.54 | 1.15 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.16 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.06 | -0.77 |
Martin ratioReturn relative to average drawdown | 1.08 | 4.83 | -3.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBMAX | VO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.75 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.39 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.57 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.48 | -0.05 |
Correlation
The correlation between SBMAX and VO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SBMAX vs. VO - Dividend Comparison
SBMAX's dividend yield for the trailing twelve months is around 9.41%, more than VO's 1.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBMAX ClearBridge Mid Cap Fund | 9.41% | 8.92% | 8.73% | 1.83% | 4.96% | 12.79% | 7.27% | 7.78% | 4.52% | 6.52% | 1.70% | 5.00% |
VO Vanguard Mid-Cap ETF | 1.50% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Drawdowns
SBMAX vs. VO - Drawdown Comparison
The maximum SBMAX drawdown since its inception was -52.41%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for SBMAX and VO.
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Drawdown Indicators
| SBMAX | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.41% | -58.87% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -12.74% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -31.55% | -27.57% | -3.98% |
Max Drawdown (10Y)Largest decline over 10 years | -39.88% | -39.37% | -0.51% |
Current DrawdownCurrent decline from peak | -10.32% | -5.53% | -4.79% |
Average DrawdownAverage peak-to-trough decline | -9.71% | -7.91% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 2.79% | +0.99% |
Volatility
SBMAX vs. VO - Volatility Comparison
ClearBridge Mid Cap Fund (SBMAX) has a higher volatility of 5.79% compared to Vanguard Mid-Cap ETF (VO) at 4.83%. This indicates that SBMAX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBMAX | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 4.83% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 9.73% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 17.57% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 17.61% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 18.94% | +1.27% |