TAVFX vs. VGPMX
Compare and contrast key facts about Third Avenue Value Fund (TAVFX) and Vanguard Global Capital Cycles Fund (VGPMX).
TAVFX is managed by Third Avenue. It was launched on Oct 31, 1990. VGPMX is managed by Vanguard. It was launched on May 23, 1984.
Performance
TAVFX vs. VGPMX - Performance Comparison
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TAVFX vs. VGPMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAVFX Third Avenue Value Fund | 4.52% | 35.93% | -2.43% | 20.26% | 17.46% | 22.39% | 7.76% | 12.95% | -25.95% | 8.81% |
VGPMX Vanguard Global Capital Cycles Fund | 4.53% | 65.96% | 5.78% | 10.06% | 7.34% | 19.50% | 17.21% | 20.67% | -32.26% | 13.75% |
Returns By Period
The year-to-date returns for both investments are quite close, with TAVFX having a 4.52% return and VGPMX slightly higher at 4.53%. Over the past 10 years, TAVFX has underperformed VGPMX with an annualized return of 10.23%, while VGPMX has yielded a comparatively higher 12.39% annualized return.
TAVFX
- 1D
- -0.38%
- 1M
- -8.23%
- YTD
- 4.52%
- 6M
- 12.39%
- 1Y
- 37.60%
- 3Y*
- 15.33%
- 5Y*
- 14.83%
- 10Y*
- 10.23%
VGPMX
- 1D
- -0.02%
- 1M
- -10.69%
- YTD
- 4.53%
- 6M
- 17.55%
- 1Y
- 57.21%
- 3Y*
- 24.25%
- 5Y*
- 19.13%
- 10Y*
- 12.39%
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TAVFX vs. VGPMX - Expense Ratio Comparison
TAVFX has a 1.15% expense ratio, which is higher than VGPMX's 0.36% expense ratio.
Return for Risk
TAVFX vs. VGPMX — Risk / Return Rank
TAVFX
VGPMX
TAVFX vs. VGPMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Value Fund (TAVFX) and Vanguard Global Capital Cycles Fund (VGPMX). 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 | VGPMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 2.94 | -1.05 |
Sortino ratioReturn per unit of downside risk | 2.47 | 3.51 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.56 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 4.24 | -1.80 |
Martin ratioReturn relative to average drawdown | 10.14 | 17.59 | -7.45 |
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
| TAVFX | VGPMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.94 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 1.12 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.57 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.25 | +0.04 |
Correlation
The correlation between TAVFX and VGPMX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TAVFX vs. VGPMX - Dividend Comparison
TAVFX's dividend yield for the trailing twelve months is around 6.64%, more than VGPMX's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAVFX Third Avenue Value Fund | 6.64% | 6.93% | 9.86% | 4.48% | 5.67% | 3.74% | 0.70% | 5.95% | 4.45% | 3.03% | 8.24% | 8.43% |
VGPMX Vanguard Global Capital Cycles Fund | 3.73% | 2.59% | 2.68% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.02% | 0.02% | 1.72% | 2.32% |
Drawdowns
TAVFX vs. VGPMX - Drawdown Comparison
The maximum TAVFX drawdown since its inception was -66.11%, smaller than the maximum VGPMX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for TAVFX and VGPMX.
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Drawdown Indicators
| TAVFX | VGPMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.11% | -78.85% | +12.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -12.80% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -66.11% | -22.71% | -43.40% |
Max Drawdown (10Y)Largest decline over 10 years | -66.11% | -54.59% | -11.52% |
Current DrawdownCurrent decline from peak | -8.57% | -10.73% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -34.69% | +25.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.09% | +0.16% |
Volatility
TAVFX vs. VGPMX - Volatility Comparison
The current volatility for Third Avenue Value Fund (TAVFX) is 5.69%, while Vanguard Global Capital Cycles Fund (VGPMX) has a volatility of 7.56%. This indicates that TAVFX experiences smaller price fluctuations and is considered to be less risky than VGPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAVFX | VGPMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 7.56% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 13.14% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 19.28% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.99% | 17.15% | +64.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.29% | 21.65% | +38.64% |