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VTIVX vs. VTTHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VTIVX vs. VTTHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Retirement 2045 Fund (VTIVX) and Vanguard Target Retirement 2035 Fund (VTTHX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.44%
6.73%
VTIVX
VTTHX

Returns By Period

In the year-to-date period, VTIVX achieves a 14.82% return, which is significantly higher than VTTHX's 12.32% return. Over the past 10 years, VTIVX has outperformed VTTHX with an annualized return of 8.58%, while VTTHX has yielded a comparatively lower 7.53% annualized return.


VTIVX

YTD

14.82%

1M

-0.49%

6M

6.73%

1Y

21.54%

5Y (annualized)

9.74%

10Y (annualized)

8.58%

VTTHX

YTD

12.32%

1M

-0.52%

6M

6.14%

1Y

18.81%

5Y (annualized)

8.04%

10Y (annualized)

7.53%

Key characteristics


VTIVXVTTHX
Sharpe Ratio2.142.05
Sortino Ratio2.982.93
Omega Ratio1.391.39
Calmar Ratio2.822.25
Martin Ratio13.8412.44
Ulcer Index1.53%1.49%
Daily Std Dev9.91%9.06%
Max Drawdown-51.69%-51.76%
Current Drawdown-1.58%-1.35%

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VTIVX vs. VTTHX - Expense Ratio Comparison

Both VTIVX and VTTHX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


VTIVX
Vanguard Target Retirement 2045 Fund
Expense ratio chart for VTIVX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%
Expense ratio chart for VTTHX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.01.0

The correlation between VTIVX and VTTHX is 1.00, 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.

Risk-Adjusted Performance

VTIVX vs. VTTHX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2045 Fund (VTIVX) and Vanguard Target Retirement 2035 Fund (VTTHX). 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.


Sharpe ratio
The chart of Sharpe ratio for VTIVX, currently valued at 2.14, compared to the broader market-1.000.001.002.003.004.005.002.142.05
The chart of Sortino ratio for VTIVX, currently valued at 2.98, compared to the broader market0.005.0010.002.982.93
The chart of Omega ratio for VTIVX, currently valued at 1.39, compared to the broader market1.002.003.004.001.391.39
The chart of Calmar ratio for VTIVX, currently valued at 2.82, compared to the broader market0.005.0010.0015.0020.0025.002.822.25
The chart of Martin ratio for VTIVX, currently valued at 13.84, compared to the broader market0.0020.0040.0060.0080.00100.0013.8412.44
VTIVX
VTTHX

The current VTIVX Sharpe Ratio is 2.14, which is comparable to the VTTHX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of VTIVX and VTTHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.14
2.05
VTIVX
VTTHX

Dividends

VTIVX vs. VTTHX - Dividend Comparison

VTIVX's dividend yield for the trailing twelve months is around 1.99%, less than VTTHX's 2.20% yield.


TTM20232022202120202019201820172016201520142013
VTIVX
Vanguard Target Retirement 2045 Fund
1.99%2.28%2.13%2.22%1.60%2.23%2.39%1.90%1.99%2.17%2.05%1.88%
VTTHX
Vanguard Target Retirement 2035 Fund
2.20%2.47%2.08%2.34%1.62%2.33%2.47%1.98%2.01%2.20%2.06%1.91%

Drawdowns

VTIVX vs. VTTHX - Drawdown Comparison

The maximum VTIVX drawdown since its inception was -51.69%, roughly equal to the maximum VTTHX drawdown of -51.76%. Use the drawdown chart below to compare losses from any high point for VTIVX and VTTHX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.58%
-1.35%
VTIVX
VTTHX

Volatility

VTIVX vs. VTTHX - Volatility Comparison

Vanguard Target Retirement 2045 Fund (VTIVX) has a higher volatility of 2.74% compared to Vanguard Target Retirement 2035 Fund (VTTHX) at 2.28%. This indicates that VTIVX's price experiences larger fluctuations and is considered to be riskier than VTTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.74%
2.28%
VTIVX
VTTHX