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SFSNX vs. VTMSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SFSNX vs. VTMSX

Last updated Aug 4, 2026
Documentation

SFSNX (Schwab Fundamental U.S. Small Company Index Fund) and VTMSX (Vanguard Tax-Managed Small-Cap Fund Admiral Shares) are both Small Cap Blend Equities funds - SFSNX tracks the RAFI Fundamental High Liquidity US Small Index while VTMSX tracks the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, SFSNX returned 10.89%/yr vs 10.90%/yr for VTMSX. Their 0.98 correlation means they have historically moved very closely together. SFSNX charges 0.25%/yr vs 0.05%/yr for VTMSX.

Performance

SFSNX vs. VTMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental U.S. Small Company Index Fund (SFSNX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SFSNX achieves a 18.41% return, which is significantly lower than VTMSX's 21.81% return. Both investments have delivered pretty close results over the past 10 years, with SFSNX having a 10.89% annualized return and VTMSX not far ahead at 10.90%.

SFSNX

1D
-0.09%
1M
-1.24%
6M
10.77%
YTD
18.41%
1Y
30.87%
3Y*
13.19%
5Y*
8.52%
10Y*
10.89%
ALL TIME*
10.04%

VTMSX

1D
-0.10%
1M
-0.66%
6M
14.07%
YTD
21.81%
1Y
35.99%
3Y*
13.45%
5Y*
7.50%
10Y*
10.90%
ALL TIME*
10.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SFSNX

Schwab Fundamental U.S. Small Company Index Fund
$0.00$0.00$0.00

VTMSX

Vanguard Tax-Managed Small-Cap Fund Admiral Shares
$0.00$0.00$0.00

SFSNX vs. VTMSX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SFSNX
Schwab Fundamental U.S. Small Company Index Fund		18.41%7.66%8.99%20.15%-14.79%30.91%8.49%24.44%-12.26%12.84%
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares		21.81%5.93%8.61%15.95%-16.16%27.08%11.05%23.28%-8.62%13.05%

Correlation

The correlation between SFSNX and VTMSX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.98

Correlation (3Y)
Balances recent behavior with more history.

0.99

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.98

Correlation (10Y)
Provides a long-term view across more market conditions.

0.98

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2008

0.98

The correlation between SFSNX and VTMSX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

SFSNX vs. VTMSX - Sectors Allocation Comparison

Sectors
SFSNX
VTMSX

Industrials

19.4%
15.6%

Technology

15.6%
15.5%

Financial Services

15.0%
17.1%

Consumer Cyclical

12.8%
13.4%

Real Estate

10.1%
7.6%

Healthcare

7.6%
12.2%

Energy

4.8%
4.9%

Basic Materials

4.6%
4.8%

Communication Services

3.8%
3.2%

Consumer Defensive

3.8%
4.0%

Utilities

2.6%
1.7%

Industrials

SFSNX
19.4%
VTMSX
15.6%

Technology

SFSNX
15.6%
VTMSX
15.5%

Financial Services

SFSNX
15.0%
VTMSX
17.1%

Consumer Cyclical

SFSNX
12.8%
VTMSX
13.4%

Real Estate

SFSNX
10.1%
VTMSX
7.6%

Healthcare

SFSNX
7.6%
VTMSX
12.2%

Energy

SFSNX
4.8%
VTMSX
4.9%

Basic Materials

SFSNX
4.6%
VTMSX
4.8%

Communication Services

SFSNX
3.8%
VTMSX
3.2%

Consumer Defensive

SFSNX
3.8%
VTMSX
4.0%

Utilities

SFSNX
2.6%
VTMSX
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab Fundamental U.S. Small Company Index Fund

Vanguard Tax-Managed Small-Cap Fund Admiral Shares

Often compared with SFSNX:
SFSNX vs. SWSSXSFSNX vs. AVUVSFSNX vs. VBRSFSNX vs. NEAGXSFSNX vs. TSCGXSFSNX vs. FSLCXSFSNX vs. ISCG
Often compared with VTMSX:
VTMSX vs. VSMAXVTMSX vs. VTCLXVTMSX vs. AVUVVTMSX vs. VFIAXVTMSX vs. ^SP600VTMSX vs. FSMDXVTMSX vs. FNDA

Return for Risk

SFSNX vs. VTMSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SFSNX
SFSNX Risk / Return Rank: 7474
Overall Rank
SFSNX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
SFSNX Sortino Ratio Rank: 7171
Sortino Ratio Rank
SFSNX Omega Ratio Rank: 6363
Omega Ratio Rank
SFSNX Calmar Ratio Rank: 8686
Calmar Ratio Rank
SFSNX Martin Ratio Rank: 7979
Martin Ratio Rank
VTMSX
VTMSX Risk / Return Rank: 8484
Overall Rank
VTMSX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VTMSX Sortino Ratio Rank: 8181
Sortino Ratio Rank
VTMSX Omega Ratio Rank: 7575
Omega Ratio Rank
VTMSX Calmar Ratio Rank: 9393
Calmar Ratio Rank
VTMSX Martin Ratio Rank: 9191
Martin Ratio Rank
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.

SFSNX vs. VTMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. Small Company Index Fund (SFSNX) 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.

SFSNXVTMSXDifference
Sharpe ratioReturn per unit of total volatility
1.70
1.96

-0.26

Sortino ratioReturn per unit of downside risk
2.50
2.88

-0.38

Omega ratioGain probability vs. loss probability

1.30

1.34

-0.04

Calmar ratioReturn relative to maximum drawdown

3.06

3.95

-0.89

Martin ratioReturn relative to average drawdown

10.13

13.44

-3.31

SFSNX vs. VTMSX - Sharpe Ratio Comparison

The current SFSNX Sharpe Ratio is 1.70, which is comparable to the VTMSX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of SFSNX 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.

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Drawdowns

SFSNX vs. VTMSX - Drawdown Comparison

The maximum SFSNX drawdown since its inception was -58.32%, roughly equal to the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for SFSNX and VTMSX.

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Drawdown Indicators

SFSNXVTMSXDifference

Max Drawdown

Largest peak-to-trough decline

-58.32%

-57.84%

-0.48%

Max Drawdown (1Y)

Largest decline over 1 year

-9.43%

-8.59%

-0.84%

Max Drawdown (3Y)

Largest decline over 3 years

-25.91%

-27.93%

+2.02%

Max Drawdown (5Y)

Largest decline over 5 years

-25.91%

-27.93%

+2.02%

Max Drawdown (10Y)

Largest decline over 10 years

-44.82%

-43.88%

-0.94%

Current Drawdown

Current decline from peak

-2.32%

-1.91%

-0.41%

Average Drawdown

Average peak-to-trough decline

-8.25%

-8.88%

+0.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

2.52%

+0.33%

Volatility

SFSNX vs. VTMSX - Volatility Comparison

Schwab Fundamental U.S. Small Company Index Fund (SFSNX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) have volatilities of 3.34% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SFSNXVTMSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.34%

3.44%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

11.87%

11.66%

+0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

17.06%

17.38%

-0.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.64%

21.31%

-0.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.22%

23.07%

+0.15%

SFSNX vs. VTMSX - Expense Ratio Comparison

SFSNX has a 0.25% expense ratio, which is higher than VTMSX's 0.05% 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

SFSNX vs. VTMSX - Dividend Comparison

SFSNX's dividend yield for the trailing twelve months is around 1.15%, less than VTMSX's 1.20% yield.

PositionTTM20252024202320222021202020192018201720162015
SFSNX
Schwab Fundamental U.S. Small Company Index Fund		1.15%1.36%1.71%1.37%7.05%12.27%1.42%3.66%11.55%6.88%1.86%6.37%
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares		1.20%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

With a correlation of 0.98, SFSNX and VTMSX 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.

VTMSX has higher volatility (3.44%) compared to SFSNX (3.34%). In terms of maximum drawdown, SFSNX dropped -58.32% vs VTMSX's -57.84%.

VTMSX currently has the higher Sharpe Ratio (1.96 vs 1.70), 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.

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