SMCIX vs. VTMSX
SMCIX (Shelton Capital Management S&P Smallcap Index Fund) and VTMSX (Vanguard Tax-Managed Small-Cap Fund Admiral Shares) are both Small Cap Blend Equities funds. Over the past 10 years, SMCIX returned 11.11%/yr vs 10.75%/yr for VTMSX. Their 1.00 correlation means they have historically moved very closely together. SMCIX charges 0.81%/yr vs 0.05%/yr for VTMSX.
Performance
SMCIX vs. VTMSX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SMCIX having a 21.46% return and VTMSX slightly higher at 21.93%. Both investments have delivered pretty close results over the past 10 years, with SMCIX having a 11.11% annualized return and VTMSX not far behind at 10.75%.
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%
VTMSX
- 1D
- 0.86%
- 1M
- -0.56%
- 6M
- 15.49%
- YTD
- 21.93%
- 1Y
- 36.13%
- 3Y*
- 13.30%
- 5Y*
- 7.52%
- 10Y*
- 10.75%
- ALL TIME*
- 10.61%
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. VTMSX - 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% |
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 21.93% | 5.93% | 8.61% | 15.95% | -16.16% | 27.08% | 11.05% | 23.28% | -8.62% | 13.05% |
Correlation
The correlation between SMCIX and VTMSX is 1.00 - 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. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 1999 | 1.00 |
The correlation between SMCIX and VTMSX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
SMCIX vs. VTMSX — Risk / Return Rank
SMCIX
VTMSX
SMCIX vs. VTMSX - 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 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.
| SMCIX | VTMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.79 | -0.20 |
| Martin ratioReturn relative to average drawdown | 12.22 | 12.88 | -0.66 |
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Drawdowns
SMCIX vs. VTMSX - Drawdown Comparison
The maximum SMCIX drawdown since its inception was -58.13%, roughly equal to the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for SMCIX and VTMSX.
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Drawdown Indicators
| SMCIX | VTMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.13% | -57.84% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -8.59% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -26.52% | -27.93% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -26.72% | -27.93% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.54% | -43.88% | +1.34% |
Current DrawdownCurrent decline from peak | -1.94% | -1.82% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -8.88% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.53% | +0.05% |
Volatility
SMCIX vs. VTMSX - Volatility Comparison
Shelton Capital Management S&P Smallcap Index Fund (SMCIX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) have volatilities of 3.50% and 3.47%, 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
| SMCIX | VTMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.47% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 11.67% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 17.40% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.72% | 21.32% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.58% | 23.07% | +0.51% |
SMCIX vs. VTMSX - Expense Ratio Comparison
SMCIX has a 0.81% expense ratio, which is higher than VTMSX's 0.05% expense ratio.
Dividends
SMCIX vs. VTMSX - Dividend Comparison
SMCIX's dividend yield for the trailing twelve months is around 7.72%, more than VTMSX's 1.19% 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% |
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 1.19% | 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 1.00, SMCIX 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.
SMCIX has higher volatility (3.50%) compared to VTMSX (3.47%). In terms of maximum drawdown, SMCIX dropped -58.13% vs VTMSX's -57.84%.
VTMSX currently has the higher Sharpe Ratio (1.87 vs 1.81), 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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