SHAPX vs. VTI
SHAPX (ClearBridge Appreciation Fund) and VTI (Vanguard Total Stock Market ETF) are both Large Cap Blend Equities funds. Over the past 10 years, SHAPX returned 12.90%/yr vs 14.63%/yr for VTI. Their 0.96 correlation means they have historically moved very closely together. SHAPX charges 0.93%/yr vs 0.03%/yr for VTI.
Performance
SHAPX vs. VTI - Performance Comparison
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Returns By Period
In the year-to-date period, SHAPX achieves a 5.87% return, which is significantly lower than VTI's 10.49% return. Over the past 10 years, SHAPX has underperformed VTI with an annualized return of 12.90%, while VTI has yielded a comparatively higher 14.63% annualized return.
SHAPX
- 1D
- 0.90%
- 1M
- 0.44%
- 6M
- 3.63%
- YTD
- 5.87%
- 1Y
- 12.65%
- 3Y*
- 15.46%
- 5Y*
- 10.51%
- 10Y*
- 12.90%
- ALL TIME*
- 12.96%
VTI
- 1D
- 0.53%
- 1M
- -0.15%
- 6M
- 8.77%
- YTD
- 10.49%
- 1Y
- 21.84%
- 3Y*
- 18.92%
- 5Y*
- 11.74%
- 10Y*
- 14.63%
- ALL TIME*
- 9.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.06B | $1.16B | $1.24B |
SHAPX vs. VTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAPX ClearBridge Appreciation Fund | 5.87% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
VTI Vanguard Total Stock Market ETF | 10.49% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
Correlation
The correlation between SHAPX and VTI is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 31, 2001 | 0.96 |
The correlation between SHAPX and VTI has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
SHAPX vs. VTI — Risk / Return Rank
SHAPX
VTI
SHAPX vs. VTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Appreciation Fund (SHAPX) and Vanguard Total Stock Market ETF (VTI). 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.
| SHAPX | VTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.23 | -0.98 |
| Martin ratioReturn relative to average drawdown | 5.39 | 9.62 | -4.23 |
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Drawdowns
SHAPX vs. VTI - Drawdown Comparison
The maximum SHAPX drawdown since its inception was -46.19%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for SHAPX and VTI.
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Drawdown Indicators
| SHAPX | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.19% | -55.45% | +9.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -8.92% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -19.30% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -25.36% | +4.83% |
Max Drawdown (10Y)Largest decline over 10 years | -32.21% | -35.00% | +2.79% |
Current DrawdownCurrent decline from peak | -1.13% | -1.36% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -7.99% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.07% | -0.04% |
Volatility
SHAPX vs. VTI - Volatility Comparison
The current volatility for ClearBridge Appreciation Fund (SHAPX) is 2.72%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 3.46%. This indicates that SHAPX experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHAPX | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.46% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 10.24% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.10% | 13.10% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 17.51% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 18.30% | -1.57% |
SHAPX vs. VTI - Expense Ratio Comparison
SHAPX has a 0.93% expense ratio, which is higher than VTI's 0.03% expense ratio.
Dividends
SHAPX vs. VTI - Dividend Comparison
SHAPX's dividend yield for the trailing twelve months is around 13.30%, more than VTI's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHAPX ClearBridge Appreciation Fund | 13.30% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
VTI Vanguard Total Stock Market ETF | 1.06% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
With a correlation of 0.92, SHAPX and VTI 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.
VTI has higher volatility (3.46%) compared to SHAPX (2.72%). In terms of maximum drawdown, SHAPX dropped -46.19% vs VTI's -55.45%.
VTI currently has the higher Sharpe Ratio (1.52 vs 0.99), 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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