TVAFX vs. FSKAX
Compare and contrast key facts about Thornburg Small/Mid Cap Core Fund (TVAFX) and Fidelity Total Market Index Fund (FSKAX).
TVAFX is managed by Thornburg. It was launched on Oct 2, 1995. FSKAX is managed by Fidelity.
Performance
TVAFX vs. FSKAX - Performance Comparison
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TVAFX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVAFX Thornburg Small/Mid Cap Core Fund | 0.18% | -0.93% | 19.41% | 13.14% | -19.55% | 13.45% | 11.84% | 28.88% | -9.70% | 23.33% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, TVAFX achieves a 0.18% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, TVAFX has underperformed FSKAX with an annualized return of 7.89%, while FSKAX has yielded a comparatively higher 13.23% annualized return.
TVAFX
- 1D
- -1.30%
- 1M
- -8.01%
- YTD
- 0.18%
- 6M
- -0.87%
- 1Y
- 12.11%
- 3Y*
- 10.12%
- 5Y*
- 2.82%
- 10Y*
- 7.89%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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TVAFX vs. FSKAX - Expense Ratio Comparison
TVAFX has a 1.31% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
TVAFX vs. FSKAX — Risk / Return Rank
TVAFX
FSKAX
TVAFX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Small/Mid Cap Core Fund (TVAFX) and Fidelity Total Market Index Fund (FSKAX). 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.
| TVAFX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.83 | -0.29 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.29 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.04 | -0.37 |
Martin ratioReturn relative to average drawdown | 2.61 | 5.05 | -2.43 |
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
| TVAFX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.83 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.59 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.72 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.78 | -0.38 |
Correlation
The correlation between TVAFX and FSKAX is 0.91, 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
TVAFX vs. FSKAX - Dividend Comparison
TVAFX has not paid dividends to shareholders, while FSKAX's dividend yield for the trailing twelve months is around 1.09%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TVAFX Thornburg Small/Mid Cap Core Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 36.39% | 0.00% | 0.35% | 0.47% | 0.53% | 0.34% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
TVAFX vs. FSKAX - Drawdown Comparison
The maximum TVAFX drawdown since its inception was -59.41%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for TVAFX and FSKAX.
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Drawdown Indicators
| TVAFX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.41% | -35.01% | -24.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -12.42% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -46.05% | -25.39% | -20.66% |
Max Drawdown (10Y)Largest decline over 10 years | -46.05% | -35.01% | -11.04% |
Current DrawdownCurrent decline from peak | -22.81% | -8.92% | -13.89% |
Average DrawdownAverage peak-to-trough decline | -13.66% | -4.05% | -9.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.57% | +1.22% |
Volatility
TVAFX vs. FSKAX - Volatility Comparison
Thornburg Small/Mid Cap Core Fund (TVAFX) has a higher volatility of 6.11% compared to Fidelity Total Market Index Fund (FSKAX) at 4.42%. This indicates that TVAFX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVAFX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 4.42% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.76% | 9.40% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 18.50% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.01% | 17.38% | +11.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 18.42% | +6.19% |