SMCIX vs. VTMFX
SMCIX (Shelton Capital Management S&P Smallcap Index Fund) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both mutual funds - SMCIX is a Small Cap Blend Equities fund managed by BlackRock, while VTMFX is a Diversified Portfolio fund tracking the Composite benchmark: Russell 1000 Index and Bloomberg 1-15 Year Municipal Bond Index. Over the past 10 years, SMCIX returned 11.11%/yr vs 8.27%/yr for VTMFX. Their correlation of 0.84 means they have usually moved in the same direction. SMCIX charges 0.81%/yr vs 0.05%/yr for VTMFX.
Performance
SMCIX vs. VTMFX - Performance Comparison
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Returns By Period
In the year-to-date period, SMCIX achieves a 21.46% return, which is significantly higher than VTMFX's 4.40% return. Over the past 10 years, SMCIX has outperformed VTMFX with an annualized return of 11.11%, while VTMFX has yielded a comparatively lower 8.27% annualized return.
SMCIX
- 1D
- 0.84%
- 1M
- -0.71%
- 6M
- 15.09%
- YTD
- 21.46%
- 1Y
- 35.04%
- 3Y*
- 16.64%
- 5Y*
- 9.31%
- 10Y*
- 11.11%
- ALL TIME*
- 9.46%
VTMFX
- 1D
- 0.71%
- 1M
- -1.15%
- 6M
- 3.25%
- YTD
- 4.40%
- 1Y
- 11.79%
- 3Y*
- 10.68%
- 5Y*
- 6.40%
- 10Y*
- 8.27%
- ALL TIME*
- 7.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SMCIX vs. VTMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMCIX Shelton Capital Management S&P Smallcap Index Fund | 21.46% | 6.90% | 18.13% | 15.48% | -16.41% | 26.53% | 11.27% | 30.68% | -9.07% | 3.08% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 4.40% | 11.28% | 12.17% | 15.55% | -12.69% | 13.10% | 13.31% | 18.01% | -1.40% | 12.61% |
Correlation
The correlation between SMCIX and VTMFX is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.84 |
The correlation between SMCIX and VTMFX shifts across timeframes, from 0.74 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMCIX vs. VTMFX — Risk / Return Rank
SMCIX
VTMFX
SMCIX vs. VTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Capital Management S&P Smallcap Index Fund (SMCIX) 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.
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.
| SMCIX | VTMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.06 | +1.52 |
| Martin ratioReturn relative to average drawdown | 12.22 | 9.19 | +3.02 |
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Drawdowns
SMCIX vs. VTMFX - Drawdown Comparison
The maximum SMCIX drawdown since its inception was -58.13%, which is greater than VTMFX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for SMCIX and VTMFX.
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Drawdown Indicators
| SMCIX | VTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.13% | -28.49% | -29.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -5.38% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -26.52% | -10.61% | -15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -26.72% | -17.40% | -9.32% |
Max Drawdown (10Y)Largest decline over 10 years | -42.54% | -21.87% | -20.67% |
Current DrawdownCurrent decline from peak | -1.94% | -1.54% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -3.54% | -5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.20% | +1.38% |
Volatility
SMCIX vs. VTMFX - Volatility Comparison
Shelton Capital Management S&P Smallcap Index Fund (SMCIX) has a higher volatility of 3.50% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 1.85%. This indicates that SMCIX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCIX | VTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 1.85% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 5.35% | +6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 6.67% | +10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.72% | 8.59% | +13.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.58% | 9.14% | +14.44% |
SMCIX vs. VTMFX - Expense Ratio Comparison
SMCIX has a 0.81% expense ratio, which is higher than VTMFX's 0.05% expense ratio.
Dividends
SMCIX vs. VTMFX - Dividend Comparison
SMCIX's dividend yield for the trailing twelve months is around 7.72%, more than VTMFX's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCIX Shelton Capital Management S&P Smallcap Index Fund | 7.72% | 10.78% | 19.88% | 3.48% | 10.40% | 9.40% | 4.53% | 13.88% | 9.39% | 1.63% | 4.64% | 11.58% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 2.22% | 2.14% | 2.08% | 1.94% | 1.85% | 1.38% | 1.72% | 2.05% | 2.22% | 2.00% | 2.13% | 2.06% |
Frequently Asked Questions
SMCIX and VTMFX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCIX has higher volatility (3.50%) compared to VTMFX (1.85%). In terms of maximum drawdown, SMCIX dropped -58.13% vs VTMFX's -28.49%.
SMCIX currently has the higher Sharpe Ratio (1.81 vs 1.66), 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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