VEVFX vs. TSLTX

Last updated Jun 24, 2026

VEVFX (Vanguard Explorer Value Fund) and TSLTX (Transamerica Small Cap Value) are both Small Cap Value Equities funds. Over the past 5 years, VEVFX returned 8.25%/yr vs 9.46%/yr for TSLTX. With a 0.96 correlation, they move nearly in lockstep. VEVFX charges 0.52%/yr vs 0.80%/yr for TSLTX.

Performance

VEVFX vs. TSLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Explorer Value Fund (VEVFX) and Transamerica Small Cap Value (TSLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEVFX achieves a 17.12% return, which is significantly lower than TSLTX's 25.53% return.

VEVFX

• 1D: 0.06%
• 1M: 4.38%
• YTD: 17.12%
• 6M: 16.04%
• 1Y: 32.35%
• 3Y*: 17.51%
• 5Y*: 8.25%
• 10Y*: 10.62%

TSLTX

• 1D: 0.78%
• 1M: 4.51%
• YTD: 25.53%
• 6M: 23.62%
• 1Y: 46.06%
• 3Y*: 19.98%
• 5Y*: 9.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEVFX vs. TSLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VEVFX Vanguard Explorer Value Fund	17.12%	7.40%	13.81%	15.29%	-14.11%	28.14%	3.29%	26.92%	-14.62%
TSLTX Transamerica Small Cap Value	25.53%	9.56%	12.59%	8.84%	-12.51%	31.10%	5.99%	20.91%	-16.42%

Correlation

The correlation between VEVFX and TSLTX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018	0.96

The correlation between VEVFX and TSLTX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

VEVFX vs. TSLTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEVFX

VEVFX Risk / Return Rank: 56
VEVFX Sharpe Ratio Rank: 51
VEVFX Sortino Ratio Rank: 55
VEVFX Omega Ratio Rank: 45
VEVFX Calmar Ratio Rank: 77
VEVFX Martin Ratio Rank: 54

TSLTX

TSLTX Risk / Return Rank: 91
TSLTX Sharpe Ratio Rank: 93
TSLTX Sortino Ratio Rank: 89
TSLTX Omega Ratio Rank: 82
TSLTX Calmar Ratio Rank: 97
TSLTX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEVFX vs. TSLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Explorer Value Fund (VEVFX) and Transamerica Small Cap Value (TSLTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VEVFX	TSLTX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.90	-0.96
Sortino ratio: Return per unit of downside risk	2.85	4.02	-1.17
Omega ratio: Gain probability vs. loss probability	1.33	1.50	-0.16
Calmar ratio: Return relative to maximum drawdown	3.32	6.23	-2.91
Martin ratio: Return relative to average drawdown	10.29	20.75	-10.47

VEVFX vs. TSLTX - Sharpe Ratio Comparison

The current VEVFX Sharpe Ratio is 1.94, which is lower than the TSLTX Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of VEVFX and TSLTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEVFX vs. TSLTX - Drawdown Comparison

The maximum VEVFX drawdown since its inception was -47.53%, smaller than the maximum TSLTX drawdown of -55.58%. Use the drawdown chart below to compare losses from any high point for VEVFX and TSLTX.

Drawdown Indicators

	VEVFX	TSLTX	Difference
Max Drawdown Largest peak-to-trough decline	-47.53%	-55.58%	+8.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-7.73%	-2.58%
Max Drawdown (3Y) Largest decline over 3 years	-27.32%	-26.62%	-0.70%
Max Drawdown (5Y) Largest decline over 5 years	-27.32%	-55.58%	+28.26%
Max Drawdown (10Y) Largest decline over 10 years	-47.53%	—	—
Current Drawdown Current decline from peak	-0.16%	-15.32%	+15.16%
Average Drawdown Average peak-to-trough decline	-6.60%	-28.37%	+21.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.32%	+1.00%

Volatility

VEVFX vs. TSLTX - Volatility Comparison

Vanguard Explorer Value Fund (VEVFX) and Transamerica Small Cap Value (TSLTX) have volatilities of 4.46% and 4.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEVFX	TSLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	4.60%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	11.19%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	16.65%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.70%	50.01%	-29.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.51%	43.48%	-20.97%

VEVFX vs. TSLTX - Expense Ratio Comparison

VEVFX has a 0.52% expense ratio, which is lower than TSLTX's 0.80% expense ratio.

Dividends

VEVFX vs. TSLTX - Dividend Comparison

VEVFX's dividend yield for the trailing twelve months is around 8.76%, more than TSLTX's 4.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSLTX Transamerica Small Cap Value	4.29%	5.38%	27.99%	2.99%	21.70%	77.67%	0.24%	4.26%	11.17%	0.00%	0.00%	0.00%
VEVFX Vanguard Explorer Value Fund	8.76%	10.26%	14.55%	2.49%	3.85%	3.83%	0.86%	1.47%	8.92%	3.00%	2.26%	6.31%

Frequently Asked Questions

Can I hold both VEVFX and TSLTX in my portfolio?

With a correlation of 0.94, VEVFX and TSLTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VEVFX or TSLTX?

TSLTX has higher volatility (4.60%) compared to VEVFX (4.46%). In terms of maximum drawdown, VEVFX dropped -47.53% vs TSLTX's -55.58%.

Which has better risk-adjusted returns?

TSLTX currently has the higher Sharpe Ratio (2.90 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.