VTMFX vs. FMWIX
Compare and contrast key facts about Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and Fidelity Moderate with Income Allocation Fund (FMWIX).
VTMFX is managed by BlackRock. It was launched on Sep 6, 1994. FMWIX is managed by Fidelity. It was launched on Feb 8, 2022.
Performance
VTMFX vs. FMWIX - Performance Comparison
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VTMFX vs. FMWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | -3.56% | 11.28% | 12.17% | 15.55% | -7.73% |
FMWIX Fidelity Moderate with Income Allocation Fund | -1.46% | 11.03% | 6.65% | 10.53% | -9.08% |
Returns By Period
In the year-to-date period, VTMFX achieves a -3.56% return, which is significantly lower than FMWIX's -1.46% 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%
FMWIX
- 1D
- 0.19%
- 1M
- -3.77%
- YTD
- -1.46%
- 6M
- 0.16%
- 1Y
- 8.12%
- 3Y*
- 7.42%
- 5Y*
- —
- 10Y*
- —
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VTMFX vs. FMWIX - Expense Ratio Comparison
VTMFX has a 0.09% expense ratio, which is lower than FMWIX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VTMFX vs. FMWIX — Risk / Return Rank
VTMFX
FMWIX
VTMFX vs. FMWIX - 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 Moderate with Income Allocation Fund (FMWIX). 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 | FMWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.47 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.75 | 2.08 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.94 | -0.58 |
Martin ratioReturn relative to average drawdown | 6.49 | 7.99 | -1.50 |
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 | FMWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.47 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.59 | +0.23 |
Correlation
The correlation between VTMFX and FMWIX is 0.80, 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. FMWIX - Dividend Comparison
VTMFX's dividend yield for the trailing twelve months is around 2.31%, less than FMWIX's 3.13% 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% |
FMWIX Fidelity Moderate with Income Allocation Fund | 3.13% | 2.89% | 2.71% | 2.30% | 1.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VTMFX vs. FMWIX - Drawdown Comparison
The maximum VTMFX drawdown since its inception was -28.49%, which is greater than FMWIX's maximum drawdown of -13.78%. Use the drawdown chart below to compare losses from any high point for VTMFX and FMWIX.
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Drawdown Indicators
| VTMFX | FMWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -13.78% | -14.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -4.13% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.87% | — | — |
Current DrawdownCurrent decline from peak | -5.38% | -3.77% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -3.27% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.00% | +0.43% |
Volatility
VTMFX vs. FMWIX - Volatility Comparison
Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has a higher volatility of 2.30% compared to Fidelity Moderate with Income Allocation Fund (FMWIX) at 2.16%. This indicates that VTMFX's price experiences larger fluctuations and is considered to be riskier than FMWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMFX | FMWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.16% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 3.44% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 5.75% | +2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 6.74% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 6.74% | +2.35% |