VSMAX vs. VTMSX
Compare and contrast key facts about Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX).
VSMAX is managed by Vanguard. It was launched on Nov 13, 2000. VTMSX is managed by Blackrock. It was launched on Mar 25, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSMAX or VTMSX.
Key characteristics
| VSMAX | VTMSX | |
|---|---|---|
| YTD Return | 5.91% | 2.34% |
| 1Y Return | 22.73% | 19.41% |
| 3Y Return (Ann) | 2.39% | 1.25% |
| 5Y Return (Ann) | 9.65% | 9.24% |
| 10Y Return (Ann) | 9.09% | 9.20% |
| Sharpe Ratio | 1.46 | 1.16 |
| Daily Std Dev | 17.10% | 19.25% |
| Max Drawdown | -59.68% | -57.84% |
| Current Drawdown | -2.07% | -4.54% |
Correlation
The correlation between VSMAX and VTMSX is 0.98, 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.
Performance
VSMAX vs. VTMSX - Performance Comparison
In the year-to-date period, VSMAX achieves a 5.91% return, which is significantly higher than VTMSX's 2.34% return. Both investments have delivered pretty close results over the past 10 years, with VSMAX having a 9.09% annualized return and VTMSX not far ahead at 9.20%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VSMAX vs. VTMSX - Expense Ratio Comparison
VSMAX has a 0.05% expense ratio, which is lower than VTMSX's 0.09% 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%.
Risk-Adjusted Performance
VSMAX vs. VTMSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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.
Dividends
VSMAX vs. VTMSX - Dividend Comparison
VSMAX's dividend yield for the trailing twelve months is around 1.44%, less than VTMSX's 1.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.44% | 1.56% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% | 1.31% |
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 1.49% | 1.50% | 1.51% | 1.16% | 1.09% | 1.15% | 1.26% | 1.11% | 1.01% | 1.26% | 0.99% | 0.92% |
Drawdowns
VSMAX vs. VTMSX - Drawdown Comparison
The maximum VSMAX drawdown since its inception was -59.68%, roughly equal to the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for VSMAX and VTMSX. For additional features, visit the drawdowns tool.
Volatility
VSMAX vs. VTMSX - Volatility Comparison
Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) have volatilities of 3.86% and 3.92%, 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.