TASCX vs. VSMAX
Compare and contrast key facts about Third Avenue Small Cap Value Fund (TASCX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX).
TASCX is managed by Third Avenue. It was launched on Apr 1, 1997. VSMAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TASCX or VSMAX.
Key characteristics
| TASCX | VSMAX | |
|---|---|---|
| YTD Return | 11.78% | 19.87% |
| 1Y Return | 11.82% | 40.28% |
| 3Y Return (Ann) | -0.13% | 3.75% |
| 5Y Return (Ann) | 3.35% | 11.30% |
| 10Y Return (Ann) | -2.24% | 9.84% |
| Sharpe Ratio | 0.62 | 2.28 |
| Sortino Ratio | 0.94 | 3.18 |
| Omega Ratio | 1.13 | 1.39 |
| Calmar Ratio | 0.37 | 1.91 |
| Martin Ratio | 2.49 | 13.02 |
| Ulcer Index | 5.00% | 3.08% |
| Daily Std Dev | 20.02% | 17.62% |
| Max Drawdown | -64.01% | -59.68% |
| Current Drawdown | -22.09% | -1.19% |
Correlation
The correlation between TASCX and VSMAX is 0.90, 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.
Performance
TASCX vs. VSMAX - Performance Comparison
In the year-to-date period, TASCX achieves a 11.78% return, which is significantly lower than VSMAX's 19.87% return. Over the past 10 years, TASCX has underperformed VSMAX with an annualized return of -2.24%, while VSMAX has yielded a comparatively higher 9.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TASCX vs. VSMAX - Expense Ratio Comparison
TASCX has a 1.15% expense ratio, which is higher than VSMAX's 0.05% expense ratio.
Risk-Adjusted Performance
TASCX vs. VSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Small Cap Value Fund (TASCX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). 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.
Dividends
TASCX vs. VSMAX - Dividend Comparison
TASCX's dividend yield for the trailing twelve months is around 0.46%, less than VSMAX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TASCX Third Avenue Small Cap Value Fund | 0.46% | 0.51% | 0.17% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.58% | 0.00% | 0.00% | 0.13% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.31% | 1.55% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% | 1.31% |
Drawdowns
TASCX vs. VSMAX - Drawdown Comparison
The maximum TASCX drawdown since its inception was -64.01%, which is greater than VSMAX's maximum drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for TASCX and VSMAX. For additional features, visit the drawdowns tool.
Volatility
TASCX vs. VSMAX - Volatility Comparison
Third Avenue Small Cap Value Fund (TASCX) has a higher volatility of 7.08% compared to Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) at 5.47%. This indicates that TASCX's price experiences larger fluctuations and is considered to be riskier than VSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.