SMARX vs. VTMFX
Compare and contrast key facts about Brandes Separately Managed Account Reserve Trust (SMARX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX).
SMARX is managed by BlackRock. It was launched on Oct 3, 2005. VTMFX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
SMARX vs. VTMFX - Performance Comparison
Loading graphics...
SMARX vs. VTMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMARX Brandes Separately Managed Account Reserve Trust | -0.18% | 6.91% | 3.73% | 9.76% | -11.77% | 0.76% | 6.55% | 7.77% | -1.13% | 4.75% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | -2.15% | 11.28% | 12.17% | 15.55% | -12.69% | 13.10% | 13.31% | 18.01% | -1.40% | 12.61% |
Returns By Period
In the year-to-date period, SMARX achieves a -0.18% return, which is significantly higher than VTMFX's -2.15% return. Over the past 10 years, SMARX has underperformed VTMFX with an annualized return of 3.35%, while VTMFX has yielded a comparatively higher 7.97% annualized return.
SMARX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.18%
- 6M
- 0.37%
- 1Y
- 3.86%
- 3Y*
- 5.23%
- 5Y*
- 1.94%
- 10Y*
- 3.35%
VTMFX
- 1D
- 1.46%
- 1M
- -3.58%
- YTD
- -2.15%
- 6M
- -0.34%
- 1Y
- 10.95%
- 3Y*
- 10.43%
- 5Y*
- 6.18%
- 10Y*
- 7.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SMARX vs. VTMFX - Expense Ratio Comparison
SMARX has a 0.00% expense ratio, which is lower than VTMFX'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%.
Return for Risk
SMARX vs. VTMFX — Risk / Return Rank
SMARX
VTMFX
SMARX vs. VTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Separately Managed Account Reserve Trust (SMARX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.
| SMARX | VTMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.34 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.94 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.73 | +0.06 |
Martin ratioReturn relative to average drawdown | 5.69 | 8.12 | -2.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SMARX | VTMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.34 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.73 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.88 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.82 | -0.41 |
Correlation
The correlation between SMARX and VTMFX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMARX vs. VTMFX - Dividend Comparison
SMARX's dividend yield for the trailing twelve months is around 4.70%, more than VTMFX's 2.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMARX Brandes Separately Managed Account Reserve Trust | 4.70% | 5.02% | 4.07% | 3.85% | 3.53% | 2.57% | 3.35% | 4.19% | 4.55% | 4.20% | 4.87% | 5.24% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 2.28% | 2.14% | 2.08% | 1.94% | 1.85% | 1.38% | 1.72% | 2.05% | 2.22% | 2.00% | 2.13% | 2.06% |
Drawdowns
SMARX vs. VTMFX - Drawdown Comparison
The maximum SMARX drawdown since its inception was -47.07%, which is greater than VTMFX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for SMARX and VTMFX.
Loading graphics...
Drawdown Indicators
| SMARX | VTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -28.49% | -18.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -6.82% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | -17.40% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -16.20% | -21.87% | +5.67% |
Current DrawdownCurrent decline from peak | -1.86% | -4.00% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -3.57% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.45% | -0.62% |
Volatility
SMARX vs. VTMFX - Volatility Comparison
The current volatility for Brandes Separately Managed Account Reserve Trust (SMARX) is 1.66%, while Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has a volatility of 2.86%. This indicates that SMARX experiences smaller price fluctuations and is considered to be less risky than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SMARX | VTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 2.86% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 4.82% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 8.55% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 8.51% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 9.10% | -4.73% |