TASCX vs. VB
Compare and contrast key facts about Third Avenue Small Cap Value Fund (TASCX) and Vanguard Small-Cap ETF (VB).
TASCX is managed by Third Avenue. It was launched on Apr 1, 1997. VB is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap. It was launched on Jan 26, 2004.
Performance
TASCX vs. VB - Performance Comparison
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TASCX vs. VB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TASCX Third Avenue Small Cap Value Fund | 6.59% | 14.79% | 3.04% | 22.49% | -1.87% | 25.92% | -2.96% | 22.92% | -12.55% | 8.89% |
VB Vanguard Small-Cap ETF | 1.92% | 8.87% | 14.17% | 18.22% | -17.51% | 17.57% | 19.19% | 27.34% | -9.34% | 16.26% |
Returns By Period
In the year-to-date period, TASCX achieves a 6.59% return, which is significantly higher than VB's 1.92% return. Both investments have delivered pretty close results over the past 10 years, with TASCX having a 10.22% annualized return and VB not far ahead at 10.51%.
TASCX
- 1D
- 0.00%
- 1M
- -3.17%
- YTD
- 6.59%
- 6M
- 11.59%
- 1Y
- 27.41%
- 3Y*
- 14.03%
- 5Y*
- 10.00%
- 10Y*
- 10.22%
VB
- 1D
- 3.18%
- 1M
- -5.13%
- YTD
- 1.92%
- 6M
- 3.76%
- 1Y
- 19.75%
- 3Y*
- 13.04%
- 5Y*
- 5.35%
- 10Y*
- 10.51%
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TASCX vs. VB - Expense Ratio Comparison
TASCX has a 1.15% expense ratio, which is higher than VB's 0.05% expense ratio.
Return for Risk
TASCX vs. VB — Risk / Return Rank
TASCX
VB
TASCX vs. VB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Small Cap Value Fund (TASCX) and Vanguard Small-Cap ETF (VB). 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.
| TASCX | VB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 0.91 | +0.56 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.41 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.39 | +0.70 |
Martin ratioReturn relative to average drawdown | 8.93 | 5.97 | +2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TASCX | VB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.91 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.26 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.49 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.42 | +0.04 |
Correlation
The correlation between TASCX and VB is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TASCX vs. VB - Dividend Comparison
TASCX's dividend yield for the trailing twelve months is around 3.54%, more than VB's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TASCX Third Avenue Small Cap Value Fund | 3.54% | 3.78% | 11.87% | 14.38% | 5.40% | 8.55% | 1.50% | 7.75% | 12.67% | 13.61% | 9.15% | 14.70% |
VB Vanguard Small-Cap ETF | 1.34% | 1.33% | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% |
Drawdowns
TASCX vs. VB - Drawdown Comparison
The maximum TASCX drawdown since its inception was -58.55%, roughly equal to the maximum VB drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for TASCX and VB.
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Drawdown Indicators
| TASCX | VB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -59.56% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -14.29% | +2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -30.26% | -28.15% | -2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -40.45% | -42.05% | +1.60% |
Current DrawdownCurrent decline from peak | -4.60% | -6.08% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -8.49% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.32% | -0.49% |
Volatility
TASCX vs. VB - Volatility Comparison
The current volatility for Third Avenue Small Cap Value Fund (TASCX) is 3.87%, while Vanguard Small-Cap ETF (VB) has a volatility of 6.84%. This indicates that TASCX experiences smaller price fluctuations and is considered to be less risky than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TASCX | VB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 6.84% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 12.60% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 21.86% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.47% | 20.78% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.17% | 21.40% | +2.77% |