VTMFX vs. VOO
Compare and contrast key facts about Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and Vanguard S&P 500 ETF (VOO).
VTMFX is managed by BlackRock. It was launched on Sep 6, 1994. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VTMFX vs. VOO - Performance Comparison
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VTMFX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, VTMFX achieves a -3.56% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, VTMFX has underperformed VOO with an annualized return of 7.82%, while VOO has yielded a comparatively higher 14.05% 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%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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VTMFX vs. VOO - Expense Ratio Comparison
VTMFX has a 0.09% expense ratio, which is higher than VOO's 0.03% expense ratio. However, 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. VOO — Risk / Return Rank
VTMFX
VOO
VTMFX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.98 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.50 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.53 | -0.17 |
Martin ratioReturn relative to average drawdown | 6.49 | 7.29 | -0.80 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.98 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.70 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.78 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.83 | -0.02 |
Correlation
The correlation between VTMFX and VOO is 0.98, 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. VOO - Dividend Comparison
VTMFX's dividend yield for the trailing twelve months is around 2.31%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VTMFX vs. VOO - Drawdown Comparison
The maximum VTMFX drawdown since its inception was -28.49%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VTMFX and VOO.
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Drawdown Indicators
| VTMFX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -33.99% | +5.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -11.98% | +5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -24.52% | +7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -21.87% | -33.99% | +12.12% |
Current DrawdownCurrent decline from peak | -5.38% | -6.29% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -3.72% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.52% | -1.09% |
Volatility
VTMFX vs. VOO - Volatility Comparison
The current volatility for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) is 2.30%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that VTMFX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMFX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 5.29% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 9.44% | -4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 18.10% | -9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 16.82% | -8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 17.99% | -8.90% |