VTMFX vs. FASGX
Compare and contrast key facts about Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and Fidelity Asset Manager 70% Fund (FASGX).
VTMFX is managed by BlackRock. It was launched on Sep 6, 1994. FASGX is managed by BlackRock. It was launched on Dec 30, 1991.
Performance
VTMFX vs. FASGX - Performance Comparison
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VTMFX vs. FASGX - 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% |
FASGX Fidelity Asset Manager 70% Fund | -2.99% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
Returns By Period
In the year-to-date period, VTMFX achieves a -3.56% return, which is significantly lower than FASGX's -2.99% return. Over the past 10 years, VTMFX has underperformed FASGX with an annualized return of 7.82%, while FASGX has yielded a comparatively higher 8.70% 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%
FASGX
- 1D
- -0.24%
- 1M
- -7.42%
- YTD
- -2.99%
- 6M
- -0.12%
- 1Y
- 15.54%
- 3Y*
- 11.72%
- 5Y*
- 6.38%
- 10Y*
- 8.70%
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VTMFX vs. FASGX - Expense Ratio Comparison
VTMFX has a 0.09% expense ratio, which is lower than FASGX's 0.67% expense ratio.
Return for Risk
VTMFX vs. FASGX — Risk / Return Rank
VTMFX
FASGX
VTMFX vs. FASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and Fidelity Asset Manager 70% Fund (FASGX). 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 | FASGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.21 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.73 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.55 | -0.19 |
Martin ratioReturn relative to average drawdown | 6.49 | 6.89 | -0.40 |
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 | FASGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.21 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.53 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.70 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.60 | +0.22 |
Correlation
The correlation between VTMFX and FASGX is 0.94, 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. FASGX - Dividend Comparison
VTMFX's dividend yield for the trailing twelve months is around 2.31%, less than FASGX's 7.56% 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% |
FASGX Fidelity Asset Manager 70% Fund | 7.56% | 7.33% | 4.60% | 1.72% | 6.69% | 2.73% | 2.20% | 5.19% | 6.31% | 2.75% | 0.20% | 5.58% |
Drawdowns
VTMFX vs. FASGX - Drawdown Comparison
The maximum VTMFX drawdown since its inception was -28.49%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for VTMFX and FASGX.
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Drawdown Indicators
| VTMFX | FASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -47.35% | +18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -9.07% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -23.54% | +6.14% |
Max Drawdown (10Y)Largest decline over 10 years | -21.87% | -27.20% | +5.33% |
Current DrawdownCurrent decline from peak | -5.38% | -7.95% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -6.74% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.04% | -0.61% |
Volatility
VTMFX vs. FASGX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) is 2.30%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 4.57%. This indicates that VTMFX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMFX | FASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 4.57% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 7.78% | -3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 12.82% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 12.14% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 12.56% | -3.47% |