VITAX vs. TOWTX
Compare and contrast key facts about Vanguard Information Technology Index Fund Admiral Shares (VITAX) and Towpath Technology Fund (TOWTX).
VITAX is a passively managed fund by Vanguard that tracks the performance of the MSCI US IMI Info Technology 25/50. It was launched on Mar 25, 2004. TOWTX is managed by Oelschlager Investments. It was launched on Feb 2, 2021.
Performance
VITAX vs. TOWTX - Performance Comparison
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VITAX vs. TOWTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VITAX Vanguard Information Technology Index Fund Admiral Shares | -7.30% | 21.78% | 29.26% | 52.69% | -29.67% | 30.02% |
TOWTX Towpath Technology Fund | -9.57% | 9.55% | 12.82% | 29.78% | -15.96% | 17.73% |
Returns By Period
In the year-to-date period, VITAX achieves a -7.30% return, which is significantly higher than TOWTX's -9.57% return.
VITAX
- 1D
- 4.32%
- 1M
- -4.86%
- YTD
- -7.30%
- 6M
- -7.06%
- 1Y
- 28.08%
- 3Y*
- 22.58%
- 5Y*
- 14.54%
- 10Y*
- 21.35%
TOWTX
- 1D
- -0.07%
- 1M
- -5.09%
- YTD
- -9.57%
- 6M
- -7.05%
- 1Y
- 3.98%
- 3Y*
- 10.31%
- 5Y*
- 6.11%
- 10Y*
- —
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VITAX vs. TOWTX - Expense Ratio Comparison
VITAX has a 0.10% expense ratio, which is lower than TOWTX's 1.10% expense ratio.
Return for Risk
VITAX vs. TOWTX — Risk / Return Rank
VITAX
TOWTX
VITAX vs. TOWTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Information Technology Index Fund Admiral Shares (VITAX) and Towpath Technology Fund (TOWTX). 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.
| VITAX | TOWTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.23 | +0.84 |
Sortino ratioReturn per unit of downside risk | 1.64 | 0.45 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.06 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 0.16 | +1.62 |
Martin ratioReturn relative to average drawdown | 5.48 | 0.51 | +4.97 |
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
| VITAX | TOWTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.23 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.00 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.00 | +0.59 |
Correlation
The correlation between VITAX and TOWTX is 0.85, 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
VITAX vs. TOWTX - Dividend Comparison
VITAX's dividend yield for the trailing twelve months is around 0.44%, less than TOWTX's 1.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.44% | 0.40% | 0.60% | 0.65% | 0.91% | 0.63% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
TOWTX Towpath Technology Fund | 1.88% | 1.70% | 3.55% | 0.42% | 0.57% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VITAX vs. TOWTX - Drawdown Comparison
The maximum VITAX drawdown since its inception was -54.81%, smaller than the maximum TOWTX drawdown of -98.79%. Use the drawdown chart below to compare losses from any high point for VITAX and TOWTX.
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Drawdown Indicators
| VITAX | TOWTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -98.79% | +43.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -11.62% | -4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -35.10% | -98.79% | +63.69% |
Max Drawdown (10Y)Largest decline over 10 years | -35.10% | — | — |
Current DrawdownCurrent decline from peak | -12.77% | -98.60% | +85.83% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -26.18% | +18.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 3.60% | +1.70% |
Volatility
VITAX vs. TOWTX - Volatility Comparison
Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a higher volatility of 8.04% compared to Towpath Technology Fund (TOWTX) at 4.10%. This indicates that VITAX's price experiences larger fluctuations and is considered to be riskier than TOWTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VITAX | TOWTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.10% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.41% | 11.08% | +5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.65% | 18.27% | +9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.29% | 3,101.36% | -3,076.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 3,035.66% | -3,010.94% |