TAVFX vs. VBR
Compare and contrast key facts about Third Avenue Value Fund (TAVFX) and Vanguard Small-Cap Value ETF (VBR).
TAVFX is managed by Third Avenue. It was launched on Oct 31, 1990. VBR is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap Value Index. It was launched on Jan 26, 2004.
Performance
TAVFX vs. VBR - Performance Comparison
Loading graphics...
TAVFX vs. VBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAVFX Third Avenue Value Fund | 7.29% | 35.93% | -2.43% | 20.26% | 17.46% | 22.39% | 7.76% | 12.95% | -25.95% | 8.81% |
VBR Vanguard Small-Cap Value ETF | 3.59% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -12.28% | 11.81% |
Returns By Period
In the year-to-date period, TAVFX achieves a 7.29% return, which is significantly higher than VBR's 3.59% return. Both investments have delivered pretty close results over the past 10 years, with TAVFX having a 10.52% annualized return and VBR not far behind at 10.14%.
TAVFX
- 1D
- 2.65%
- 1M
- -4.24%
- YTD
- 7.29%
- 6M
- 14.70%
- 1Y
- 40.32%
- 3Y*
- 16.34%
- 5Y*
- 15.14%
- 10Y*
- 10.52%
VBR
- 1D
- 0.41%
- 1M
- -4.79%
- YTD
- 3.59%
- 6M
- 5.25%
- 1Y
- 19.13%
- 3Y*
- 13.58%
- 5Y*
- 7.64%
- 10Y*
- 10.14%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TAVFX vs. VBR - Expense Ratio Comparison
TAVFX has a 1.15% expense ratio, which is higher than VBR's 0.07% expense ratio.
Return for Risk
TAVFX vs. VBR — Risk / Return Rank
TAVFX
VBR
TAVFX vs. VBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Value Fund (TAVFX) and Vanguard Small-Cap Value ETF (VBR). 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.
| TAVFX | VBR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 0.93 | +1.24 |
Sortino ratioReturn per unit of downside risk | 2.80 | 1.43 | +1.36 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.19 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.37 | +1.61 |
Martin ratioReturn relative to average drawdown | 12.18 | 5.62 | +6.56 |
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
| TAVFX | VBR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 0.93 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.39 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.47 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.40 | -0.11 |
Correlation
The correlation between TAVFX and VBR is 0.77, 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
TAVFX vs. VBR - Dividend Comparison
TAVFX's dividend yield for the trailing twelve months is around 6.46%, more than VBR's 1.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAVFX Third Avenue Value Fund | 6.46% | 6.93% | 9.86% | 4.48% | 5.67% | 3.74% | 0.70% | 5.95% | 4.45% | 3.03% | 8.24% | 8.43% |
VBR Vanguard Small-Cap Value ETF | 1.90% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Drawdowns
TAVFX vs. VBR - Drawdown Comparison
The maximum TAVFX drawdown since its inception was -66.11%, which is greater than VBR's maximum drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for TAVFX and VBR.
Loading graphics...
Drawdown Indicators
| TAVFX | VBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.11% | -61.98% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -14.18% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -66.11% | -24.19% | -41.92% |
Max Drawdown (10Y)Largest decline over 10 years | -66.11% | -45.28% | -20.83% |
Current DrawdownCurrent decline from peak | -6.15% | -5.75% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -8.32% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.46% | -0.23% |
Volatility
TAVFX vs. VBR - Volatility Comparison
Third Avenue Value Fund (TAVFX) has a higher volatility of 6.28% compared to Vanguard Small-Cap Value ETF (VBR) at 5.40%. This indicates that TAVFX's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TAVFX | VBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 5.40% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 11.29% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 20.64% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.00% | 19.85% | +62.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.30% | 21.73% | +38.57% |