VTMFX vs. ASFYX
Compare and contrast key facts about Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX).
VTMFX is managed by BlackRock. It was launched on Sep 6, 1994. ASFYX is managed by BlackRock. It was launched on Jul 30, 2010.
Performance
VTMFX vs. ASFYX - Performance Comparison
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VTMFX vs. ASFYX - 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% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 6.59% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Returns By Period
In the year-to-date period, VTMFX achieves a -3.56% return, which is significantly lower than ASFYX's 6.59% return. Over the past 10 years, VTMFX has outperformed ASFYX with an annualized return of 7.82%, while ASFYX has yielded a comparatively lower 1.87% 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%
ASFYX
- 1D
- 0.00%
- 1M
- -1.55%
- YTD
- 6.59%
- 6M
- 10.95%
- 1Y
- 3.41%
- 3Y*
- -2.89%
- 5Y*
- 2.30%
- 10Y*
- 1.87%
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VTMFX vs. ASFYX - Expense Ratio Comparison
VTMFX has a 0.09% expense ratio, which is lower than ASFYX's 1.47% expense ratio.
Return for Risk
VTMFX vs. ASFYX — Risk / Return Rank
VTMFX
ASFYX
VTMFX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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 | ASFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.18 | +1.04 |
Sortino ratioReturn per unit of downside risk | 1.75 | 0.30 | +1.45 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.04 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.10 | +1.26 |
Martin ratioReturn relative to average drawdown | 6.49 | 0.16 | +6.33 |
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 | ASFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.18 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.17 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.15 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.31 | +0.51 |
Correlation
The correlation between VTMFX and ASFYX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VTMFX vs. ASFYX - Dividend Comparison
VTMFX's dividend yield for the trailing twelve months is around 2.31%, more than ASFYX's 1.43% 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% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.43% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
Drawdowns
VTMFX vs. ASFYX - Drawdown Comparison
The maximum VTMFX drawdown since its inception was -28.49%, smaller than the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for VTMFX and ASFYX.
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Drawdown Indicators
| VTMFX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -36.43% | +7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -13.51% | +6.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -36.43% | +19.03% |
Max Drawdown (10Y)Largest decline over 10 years | -21.87% | -36.43% | +14.56% |
Current DrawdownCurrent decline from peak | -5.38% | -24.37% | +18.99% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -13.09% | +9.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 8.72% | -7.29% |
Volatility
VTMFX vs. ASFYX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) is 2.30%, while AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a volatility of 3.86%. This indicates that VTMFX experiences smaller price fluctuations and is considered to be less risky than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMFX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.86% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 10.01% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 13.02% | -4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 13.68% | -5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 12.68% | -3.59% |