VT vs. TRAIX

Last updated Jun 14, 2026

VT (Vanguard Total World Stock ETF) and TRAIX (T. Rowe Price Capital Appreciation Fund - I Class) are both funds - VT is a Global Equities fund tracking the FTSE Global All Cap Index, while TRAIX is a Diversified Portfolio fund actively managed by T. Rowe Price. VT is passively managed, while TRAIX is actively managed. Over the past 10 years, VT returned 12.93%/yr vs 11.25%/yr for TRAIX. Their correlation of 0.89 suggests significant overlap in exposure. VT charges 0.06%/yr vs 0.59%/yr for TRAIX.

Performance

VT vs. TRAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total World Stock ETF (VT) and T. Rowe Price Capital Appreciation Fund - I Class (TRAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VT achieves a 11.06% return, which is significantly higher than TRAIX's 3.78% return. Over the past 10 years, VT has outperformed TRAIX with an annualized return of 12.93%, while TRAIX has yielded a comparatively lower 11.25% annualized return.

VT

• 1D: 0.44%
• 1M: 1.80%
• YTD: 11.06%
• 6M: 11.82%
• 1Y: 27.43%
• 3Y*: 19.71%
• 5Y*: 10.65%
• 10Y*: 12.93%

TRAIX

• 1D: 0.60%
• 1M: -0.75%
• YTD: 3.78%
• 6M: 4.18%
• 1Y: 12.12%
• 3Y*: 12.69%
• 5Y*: 8.41%
• 10Y*: 11.25%

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

VT vs. TRAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VT Vanguard Total World Stock ETF	11.06%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	24.50%
TRAIX T. Rowe Price Capital Appreciation Fund - I Class	3.78%	12.57%	12.64%	19.01%	-11.89%	18.59%	18.28%	24.71%	0.76%	15.45%

Correlation

The correlation between VT and TRAIX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.89

The correlation between VT and TRAIX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

Return for Risk

VT vs. TRAIX — Risk / Return Rank

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

VT

VT Risk / Return Rank: 68
VT Sharpe Ratio Rank: 69
VT Sortino Ratio Rank: 68
VT Omega Ratio Rank: 69
VT Calmar Ratio Rank: 62
VT Martin Ratio Rank: 72

TRAIX

TRAIX Risk / Return Rank: 42
TRAIX Sharpe Ratio Rank: 43
TRAIX Sortino Ratio Rank: 42
TRAIX Omega Ratio Rank: 44
TRAIX Calmar Ratio Rank: 36
TRAIX Martin Ratio Rank: 45

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.

VT vs. TRAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock ETF (VT) and T. Rowe Price Capital Appreciation Fund - I Class (TRAIX). 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.

	VT	TRAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.51	+0.43
Sortino ratio: Return per unit of downside risk	2.67	2.14	+0.53
Omega ratio: Gain probability vs. loss probability	1.35	1.28	+0.07
Calmar ratio: Return relative to maximum drawdown	2.68	1.84	+0.84
Martin ratio: Return relative to average drawdown	11.67	7.83	+3.84

VT vs. TRAIX - Sharpe Ratio Comparison

The current VT Sharpe Ratio is 1.94, which is comparable to the TRAIX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of VT and TRAIX, 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

VT vs. TRAIX - Drawdown Comparison

The maximum VT drawdown since its inception was -50.27%, which is greater than TRAIX's maximum drawdown of -26.84%. Use the drawdown chart below to compare losses from any high point for VT and TRAIX.

Drawdown Indicators

	VT	TRAIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-26.84%	-23.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-6.30%	-3.37%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	-16.02%	-0.49%
Max Drawdown (5Y) Largest decline over 5 years	-26.38%	-17.00%	-9.38%
Max Drawdown (10Y) Largest decline over 10 years	-34.24%	-26.84%	-7.40%
Current Drawdown Current decline from peak	-1.92%	-2.37%	+0.45%
Average Drawdown Average peak-to-trough decline	-7.01%	-2.82%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	1.48%	+0.74%

Volatility

VT vs. TRAIX - Volatility Comparison

Vanguard Total World Stock ETF (VT) has a higher volatility of 5.26% compared to T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) at 2.68%. This indicates that VT's price experiences larger fluctuations and is considered to be riskier than TRAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VT	TRAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	2.68%	+2.58%
Volatility (6M) Calculated over the trailing 6-month period	11.01%	6.15%	+4.86%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	7.67%	+5.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	12.79%	+3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.27%	12.76%	+4.51%

VT vs. TRAIX - Expense Ratio Comparison

VT has a 0.06% expense ratio, which is lower than TRAIX's 0.59% expense ratio.

Dividends

VT vs. TRAIX - Dividend Comparison

VT's dividend yield for the trailing twelve months is around 1.61%, less than TRAIX's 8.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRAIX T. Rowe Price Capital Appreciation Fund - I Class	8.63%	8.96%	10.52%	4.28%	9.70%	9.35%	8.08%	5.92%	7.57%	6.96%	3.59%	0.00%
VT Vanguard Total World Stock ETF	1.61%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

Can I hold both VT and TRAIX in my portfolio?

VT and TRAIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VT or TRAIX?

VT has higher volatility (5.26%) compared to TRAIX (2.68%). In terms of maximum drawdown, VT dropped -50.27% vs TRAIX's -26.84%.

Which has better risk-adjusted returns?

VT currently has the higher Sharpe Ratio (1.94 vs 1.51), 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.