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

Performance

VTIVX vs. VTWAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Retirement 2045 Fund (VTIVX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). 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%
8.35%
VTIVX
VTWAX

Returns By Period

In the year-to-date period, VTIVX achieves a 14.82% return, which is significantly lower than VTWAX's 17.55% return.


VTIVX

YTD

14.82%

1M

-0.49%

6M

6.73%

1Y

21.54%

5Y (annualized)

9.74%

10Y (annualized)

8.58%

VTWAX

YTD

17.55%

1M

-0.42%

6M

7.59%

1Y

24.70%

5Y (annualized)

11.07%

10Y (annualized)

N/A

Key characteristics


VTIVXVTWAX
Sharpe Ratio2.142.10
Sortino Ratio2.982.87
Omega Ratio1.391.38
Calmar Ratio2.823.01
Martin Ratio13.8413.50
Ulcer Index1.53%1.80%
Daily Std Dev9.91%11.56%
Max Drawdown-51.69%-34.20%
Current Drawdown-1.58%-1.81%

Compare stocks, funds, or ETFs

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VTIVX vs. VTWAX - Expense Ratio Comparison

VTIVX has a 0.08% expense ratio, which is lower than VTWAX's 0.10% 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%.


VTWAX
Vanguard Total World Stock Index Fund Admiral Shares
Expense ratio chart for VTWAX: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%
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%

Correlation

-0.50.00.51.01.0

The correlation between VTIVX and VTWAX is 0.99, 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. VTWAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2045 Fund (VTIVX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). 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-1.000.001.002.003.004.005.002.142.10
The chart of Sortino ratio for VTIVX, currently valued at 2.98, compared to the broader market0.005.0010.002.982.87
The chart of Omega ratio for VTIVX, currently valued at 1.39, compared to the broader market1.002.003.004.001.391.38
The chart of Calmar ratio for VTIVX, currently valued at 2.82, compared to the broader market0.005.0010.0015.0020.0025.002.823.01
The chart of Martin ratio for VTIVX, currently valued at 13.84, compared to the broader market0.0020.0040.0060.0080.00100.0013.8413.50
VTIVX
VTWAX

The current VTIVX Sharpe Ratio is 2.14, which is comparable to the VTWAX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of VTIVX and VTWAX, 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
2.10
VTIVX
VTWAX

Dividends

VTIVX vs. VTWAX - Dividend Comparison

VTIVX's dividend yield for the trailing twelve months is around 1.99%, more than VTWAX's 1.83% 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%
VTWAX
Vanguard Total World Stock Index Fund Admiral Shares
1.83%2.06%2.16%1.79%1.64%2.29%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

VTIVX vs. VTWAX - Drawdown Comparison

The maximum VTIVX drawdown since its inception was -51.69%, which is greater than VTWAX's maximum drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for VTIVX and VTWAX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.58%
-1.81%
VTIVX
VTWAX

Volatility

VTIVX vs. VTWAX - Volatility Comparison

The current volatility for Vanguard Target Retirement 2045 Fund (VTIVX) is 2.74%, while Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) has a volatility of 3.26%. This indicates that VTIVX experiences smaller price fluctuations and is considered to be less risky than VTWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.74%
3.26%
VTIVX
VTWAX