VTMFX vs. FASMX
Compare and contrast key facts about Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and Fidelity Asset Manager 50% Fund (FASMX).
VTMFX is managed by BlackRock. It was launched on Sep 6, 1994. FASMX is managed by BlackRock. It was launched on Dec 28, 1988.
Performance
VTMFX vs. FASMX - Performance Comparison
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VTMFX vs. FASMX - 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% |
FASMX Fidelity Asset Manager 50% Fund | -2.02% | 14.94% | 8.46% | 13.09% | -14.93% | 9.86% | 14.72% | 18.25% | -5.51% | 11.73% |
Returns By Period
In the year-to-date period, VTMFX achieves a -3.56% return, which is significantly lower than FASMX's -2.02% return. Over the past 10 years, VTMFX has outperformed FASMX with an annualized return of 7.82%, while FASMX has yielded a comparatively lower 6.84% 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%
FASMX
- 1D
- -0.09%
- 1M
- -5.86%
- YTD
- -2.02%
- 6M
- 0.38%
- 1Y
- 12.51%
- 3Y*
- 9.57%
- 5Y*
- 4.94%
- 10Y*
- 6.84%
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VTMFX vs. FASMX - Expense Ratio Comparison
VTMFX has a 0.09% expense ratio, which is lower than FASMX's 0.62% expense ratio.
Return for Risk
VTMFX vs. FASMX — Risk / Return Rank
VTMFX
FASMX
VTMFX vs. FASMX - 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 50% Fund (FASMX). 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 | FASMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.32 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.87 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.71 | -0.35 |
Martin ratioReturn relative to average drawdown | 6.49 | 7.35 | -0.86 |
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 | FASMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.32 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.54 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.74 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.82 | -0.01 |
Correlation
The correlation between VTMFX and FASMX 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. FASMX - Dividend Comparison
VTMFX's dividend yield for the trailing twelve months is around 2.31%, less than FASMX's 7.74% 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% |
FASMX Fidelity Asset Manager 50% Fund | 7.74% | 7.58% | 3.88% | 2.18% | 6.78% | 2.91% | 2.40% | 4.21% | 5.11% | 2.24% | 1.69% | 5.77% |
Drawdowns
VTMFX vs. FASMX - Drawdown Comparison
The maximum VTMFX drawdown since its inception was -28.49%, smaller than the maximum FASMX drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for VTMFX and FASMX.
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Drawdown Indicators
| VTMFX | FASMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -37.75% | +9.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -6.84% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -20.54% | +3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -21.87% | -21.27% | -0.60% |
Current DrawdownCurrent decline from peak | -5.38% | -6.19% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -4.13% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.59% | -0.16% |
Volatility
VTMFX vs. FASMX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) is 2.30%, while Fidelity Asset Manager 50% Fund (FASMX) has a volatility of 3.59%. This indicates that VTMFX experiences smaller price fluctuations and is considered to be less risky than FASMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMFX | FASMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.59% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 5.90% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 9.51% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 9.21% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 9.24% | -0.15% |