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VITSX vs. VTSIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VITSX vs. VTSIX

Last updated Jun 24, 2026

VITSX (Vanguard Total Stock Market Index Fund Institutional Shares) and VTSIX (Vanguard Tax-Managed Small-Cap Fund Institutional Shares) are both mutual funds - VITSX is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while VTSIX is a Small Cap Blend Equities fund managed by BlackRock. Over the past 10 years, VITSX returned 15.30%/yr vs 11.42%/yr for VTSIX. Their correlation of 0.88 suggests significant overlap in exposure. VITSX charges 0.03%/yr vs 0.06%/yr for VTSIX.

Performance

VITSX vs. VTSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Stock Market Index Fund Institutional Shares (VITSX) and Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VITSX achieves a 10.34% return, which is significantly lower than VTSIX's 20.13% return. Over the past 10 years, VITSX has outperformed VTSIX with an annualized return of 15.30%, while VTSIX has yielded a comparatively lower 11.42% annualized return.

VITSX

1D
-0.34%
1M
0.55%
YTD
10.34%
6M
9.19%
1Y
25.94%
3Y*
21.18%
5Y*
12.37%
10Y*
15.30%

VTSIX

1D
0.05%
1M
4.66%
YTD
20.13%
6M
17.65%
1Y
35.42%
3Y*
16.45%
5Y*
6.82%
10Y*
11.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VITSX vs. VTSIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VITSX
Vanguard Total Stock Market Index Fund Institutional Shares		10.34%17.14%23.25%26.51%-19.51%25.74%20.99%30.80%-5.18%21.16%
VTSIX
Vanguard Tax-Managed Small-Cap Fund Institutional Shares		20.13%5.96%8.64%15.99%-16.14%27.12%11.09%23.30%-8.59%13.08%

Correlation

The correlation between VITSX and VTSIX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Apr 21, 1999

0.88

The correlation between VITSX and VTSIX has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.

VITSX vs. VTSIX - Sectors Allocation Comparison

Sectors
VITSX
VTSIX

Technology

37.0%
17.1%

Financial Services

11.3%
16.4%

Communication Services

9.8%
3.6%

Consumer Cyclical

9.7%
13.1%

Industrials

9.4%
15.2%

Healthcare

9.0%
10.9%

Consumer Defensive

4.3%
3.4%

Energy

3.3%
5.5%

Real Estate

2.3%
7.7%

Utilities

2.1%
1.9%

Basic Materials

1.9%
5.1%

Technology

VITSX
37.0%
VTSIX
17.1%

Financial Services

VITSX
11.3%
VTSIX
16.4%

Communication Services

VITSX
9.8%
VTSIX
3.6%

Consumer Cyclical

VITSX
9.7%
VTSIX
13.1%

Industrials

VITSX
9.4%
VTSIX
15.2%

Healthcare

VITSX
9.0%
VTSIX
10.9%

Consumer Defensive

VITSX
4.3%
VTSIX
3.4%

Energy

VITSX
3.3%
VTSIX
5.5%

Real Estate

VITSX
2.3%
VTSIX
7.7%

Utilities

VITSX
2.1%
VTSIX
1.9%

Basic Materials

VITSX
1.9%
VTSIX
5.1%

Compare stocks, funds, or ETFs

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Vanguard Total Stock Market Index Fund Institutional Shares

Vanguard Tax-Managed Small-Cap Fund Institutional Shares

Often compared with VITSX:
VITSX vs. VTSAXVITSX vs. VINIXVITSX vs. VTIVITSX vs. SWPPXVITSX vs. VOOVITSX vs. VTIAXVITSX vs. TRLGX
Often compared with VTSIX:
VTSIX vs. FSMDVTSIX vs. VGTVTSIX vs. VTIVTSIX vs. VUGVTSIX vs. VINIXVTSIX vs. BRK-BVTSIX vs. DFAT

Return for Risk

VITSX vs. VTSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VITSX
VITSX Risk / Return Rank: 6565
Overall Rank
VITSX Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
VITSX Sortino Ratio Rank: 5656
Sortino Ratio Rank
VITSX Omega Ratio Rank: 5757
Omega Ratio Rank
VITSX Calmar Ratio Rank: 6969
Calmar Ratio Rank
VITSX Martin Ratio Rank: 7979
Martin Ratio Rank
VTSIX
VTSIX Risk / Return Rank: 6969
Overall Rank
VTSIX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
VTSIX Sortino Ratio Rank: 6262
Sortino Ratio Rank
VTSIX Omega Ratio Rank: 5050
Omega Ratio Rank
VTSIX Calmar Ratio Rank: 9090
Calmar Ratio Rank
VTSIX Martin Ratio Rank: 8484
Martin Ratio Rank
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.

VITSX vs. VTSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market Index Fund Institutional Shares (VITSX) and Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX). 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.

VITSXVTSIXDifference
Sharpe ratioReturn per unit of total volatility
2.13
2.10

+0.03

Sortino ratioReturn per unit of downside risk
2.89
3.02

-0.13

Omega ratioGain probability vs. loss probability

1.38

1.36

+0.02

Calmar ratioReturn relative to maximum drawdown

3.05

4.34

-1.28

Martin ratioReturn relative to average drawdown

13.68

14.52

-0.84

VITSX vs. VTSIX - Sharpe Ratio Comparison

The current VITSX Sharpe Ratio is 2.13, which is comparable to the VTSIX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of VITSX and VTSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VITSX vs. VTSIX - Drawdown Comparison

The maximum VITSX drawdown since its inception was -55.30%, roughly equal to the maximum VTSIX drawdown of -57.81%. Use the drawdown chart below to compare losses from any high point for VITSX and VTSIX.

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Drawdown Indicators

VITSXVTSIXDifference

Max Drawdown

Largest peak-to-trough decline

-55.30%

-57.81%

+2.51%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-8.59%

-0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-19.36%

-27.92%

+8.56%

Max Drawdown (5Y)

Largest decline over 5 years

-25.36%

-27.92%

+2.56%

Max Drawdown (10Y)

Largest decline over 10 years

-34.97%

-43.86%

+8.89%

Current Drawdown

Current decline from peak

-1.47%

0.00%

-1.47%

Average Drawdown

Average peak-to-trough decline

-10.05%

-8.91%

-1.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

2.56%

-0.57%

Volatility

VITSX vs. VTSIX - Volatility Comparison

Vanguard Total Stock Market Index Fund Institutional Shares (VITSX) and Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) have volatilities of 4.77% and 4.88%, 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.

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Volatility by Period

VITSXVTSIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.77%

4.88%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

10.05%

12.09%

-2.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.83%

17.78%

-4.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.45%

21.46%

-4.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.46%

23.13%

-4.67%

VITSX vs. VTSIX - Expense Ratio Comparison

VITSX has a 0.03% expense ratio, which is lower than VTSIX's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VITSX vs. VTSIX - Dividend Comparison

VITSX's dividend yield for the trailing twelve months is around 1.02%, less than VTSIX's 1.14% yield.

PositionTTM20252024202320222021202020192018201720162015
VITSX
Vanguard Total Stock Market Index Fund Institutional Shares		1.02%1.12%1.27%1.43%1.66%1.21%1.42%1.77%2.04%1.71%1.93%1.99%
VTSIX
Vanguard Tax-Managed Small-Cap Fund Institutional Shares		1.14%1.31%1.47%1.52%1.54%1.19%1.11%1.17%1.29%1.13%1.03%1.30%

Frequently Asked Questions

VITSX and VTSIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VTSIX has higher volatility (4.88%) compared to VITSX (4.77%). In terms of maximum drawdown, VITSX dropped -55.30% vs VTSIX's -57.81%.

VITSX currently has the higher Sharpe Ratio (2.13 vs 2.10), 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.

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