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VTMFX vs. AAGTX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VTMFX vs. AAGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and American Funds 2040 Target Date Retirement Fund (AAGTX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
7.26%
6.37%
VTMFX
AAGTX

Returns By Period

In the year-to-date period, VTMFX achieves a 12.66% return, which is significantly lower than AAGTX's 14.73% return. Over the past 10 years, VTMFX has underperformed AAGTX with an annualized return of 7.52%, while AAGTX has yielded a comparatively higher 9.03% annualized return.


VTMFX

YTD

12.66%

1M

0.42%

6M

6.98%

1Y

17.91%

5Y (annualized)

8.26%

10Y (annualized)

7.52%

AAGTX

YTD

14.73%

1M

-1.44%

6M

5.95%

1Y

21.31%

5Y (annualized)

10.01%

10Y (annualized)

9.03%

Key characteristics


VTMFXAAGTX
Sharpe Ratio3.002.24
Sortino Ratio4.243.10
Omega Ratio1.581.41
Calmar Ratio4.722.68
Martin Ratio19.0114.74
Ulcer Index0.97%1.51%
Daily Std Dev6.13%9.92%
Max Drawdown-28.49%-48.78%
Current Drawdown-0.63%-2.08%

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VTMFX vs. AAGTX - Expense Ratio Comparison

VTMFX has a 0.09% expense ratio, which is lower than AAGTX's 0.33% expense ratio.


AAGTX
American Funds 2040 Target Date Retirement Fund
Expense ratio chart for AAGTX: current value at 0.33% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.33%
Expense ratio chart for VTMFX: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Correlation

-0.50.00.51.01.0

The correlation between VTMFX and AAGTX is 0.95, 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

VTMFX vs. AAGTX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and American Funds 2040 Target Date Retirement Fund (AAGTX). 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 VTMFX, currently valued at 3.00, compared to the broader market0.002.004.003.002.24
The chart of Sortino ratio for VTMFX, currently valued at 4.24, compared to the broader market0.005.0010.004.243.10
The chart of Omega ratio for VTMFX, currently valued at 1.58, compared to the broader market1.002.003.004.001.581.41
The chart of Calmar ratio for VTMFX, currently valued at 4.72, compared to the broader market0.005.0010.0015.0020.0025.004.722.68
The chart of Martin ratio for VTMFX, currently valued at 19.01, compared to the broader market0.0020.0040.0060.0080.00100.0019.0114.74
VTMFX
AAGTX

The current VTMFX Sharpe Ratio is 3.00, which is higher than the AAGTX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of VTMFX and AAGTX, 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 Ratio1.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.00
2.24
VTMFX
AAGTX

Dividends

VTMFX vs. AAGTX - Dividend Comparison

VTMFX's dividend yield for the trailing twelve months is around 2.00%, more than AAGTX's 1.28% yield.


TTM20232022202120202019201820172016201520142013
VTMFX
Vanguard Tax-Managed Balanced Fund Admiral Shares
2.00%1.94%1.85%1.38%1.73%2.06%2.22%2.00%2.13%2.06%2.00%2.06%
AAGTX
American Funds 2040 Target Date Retirement Fund
1.28%1.47%1.08%0.77%0.78%1.01%1.09%0.89%1.00%0.80%4.84%3.35%

Drawdowns

VTMFX vs. AAGTX - Drawdown Comparison

The maximum VTMFX drawdown since its inception was -28.49%, smaller than the maximum AAGTX drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for VTMFX and AAGTX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.63%
-2.08%
VTMFX
AAGTX

Volatility

VTMFX vs. AAGTX - Volatility Comparison

The current volatility for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) is 2.07%, while American Funds 2040 Target Date Retirement Fund (AAGTX) has a volatility of 2.81%. This indicates that VTMFX experiences smaller price fluctuations and is considered to be less risky than AAGTX 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
2.07%
2.81%
VTMFX
AAGTX