VTMFX vs. AAAAX
Compare and contrast key facts about Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and DWS RREEF Real Assets Fund - Class A (AAAAX).
VTMFX is managed by BlackRock. It was launched on Sep 6, 1994. AAAAX is managed by DWS. It was launched on Jul 30, 2007.
Performance
VTMFX vs. AAAAX - Performance Comparison
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VTMFX vs. AAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | -3.56% | 11.28% | 12.17% | 15.55% | -12.69% | 13.10% | 13.31% | 18.01% | -1.40% | 12.61% |
AAAAX DWS RREEF Real Assets Fund - Class A | 8.59% | 12.82% | 5.24% | 2.30% | -9.91% | 23.45% | 3.71% | 21.42% | -5.36% | 14.67% |
Returns By Period
In the year-to-date period, VTMFX achieves a -3.56% return, which is significantly lower than AAAAX's 8.59% return. Over the past 10 years, VTMFX has outperformed AAAAX with an annualized return of 7.82%, while AAAAX has yielded a comparatively lower 7.28% annualized return.
VTMFX
- 1D
- -0.08%
- 1M
- -5.04%
- YTD
- -3.56%
- 6M
- -1.55%
- 1Y
- 9.77%
- 3Y*
- 9.90%
- 5Y*
- 6.01%
- 10Y*
- 7.82%
AAAAX
- 1D
- 0.36%
- 1M
- -4.37%
- YTD
- 8.59%
- 6M
- 10.72%
- 1Y
- 16.80%
- 3Y*
- 9.80%
- 5Y*
- 6.74%
- 10Y*
- 7.28%
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VTMFX vs. AAAAX - Expense Ratio Comparison
VTMFX has a 0.09% expense ratio, which is lower than AAAAX's 1.22% expense ratio.
Return for Risk
VTMFX vs. AAAAX — Risk / Return Rank
VTMFX
AAAAX
VTMFX vs. AAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and DWS RREEF Real Assets Fund - Class A (AAAAX). 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.
| VTMFX | AAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.49 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.75 | 2.00 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.80 | -0.44 |
Martin ratioReturn relative to average drawdown | 6.49 | 9.69 | -3.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTMFX | AAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.49 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.56 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.58 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.38 | +0.44 |
Correlation
The correlation between VTMFX and AAAAX is 0.74, 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.
Dividends
VTMFX vs. AAAAX - Dividend Comparison
VTMFX's dividend yield for the trailing twelve months is around 2.31%, less than AAAAX's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 2.31% | 2.14% | 2.08% | 1.94% | 1.85% | 1.38% | 1.72% | 2.05% | 2.22% | 2.00% | 2.13% | 2.06% |
AAAAX DWS RREEF Real Assets Fund - Class A | 3.26% | 3.54% | 2.45% | 2.08% | 4.17% | 2.31% | 1.33% | 1.81% | 1.61% | 1.52% | 1.47% | 2.15% |
Drawdowns
VTMFX vs. AAAAX - Drawdown Comparison
The maximum VTMFX drawdown since its inception was -28.49%, smaller than the maximum AAAAX drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for VTMFX and AAAAX.
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Drawdown Indicators
| VTMFX | AAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -40.47% | +11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -9.55% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -22.62% | +5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -21.87% | -29.41% | +7.54% |
Current DrawdownCurrent decline from peak | -5.38% | -4.57% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -6.89% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.77% | -0.34% |
Volatility
VTMFX vs. AAAAX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) is 2.30%, while DWS RREEF Real Assets Fund - Class A (AAAAX) has a volatility of 3.03%. This indicates that VTMFX experiences smaller price fluctuations and is considered to be less risky than AAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMFX | AAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.03% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 7.22% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 11.60% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 12.18% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 12.66% | -3.57% |