VTMFX vs. WFSPX
Compare and contrast key facts about Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and iShares S&P 500 Index Fund (WFSPX).
VTMFX is managed by BlackRock. It was launched on Sep 6, 1994. WFSPX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Jul 30, 1993.
Performance
VTMFX vs. WFSPX - Performance Comparison
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VTMFX vs. WFSPX - 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% |
WFSPX iShares S&P 500 Index Fund | -7.06% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Returns By Period
In the year-to-date period, VTMFX achieves a -3.56% return, which is significantly higher than WFSPX's -7.06% return. Over the past 10 years, VTMFX has underperformed WFSPX with an annualized return of 7.82%, while WFSPX has yielded a comparatively higher 13.63% 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%
WFSPX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.06%
- 6M
- -4.63%
- 1Y
- 14.40%
- 3Y*
- 17.13%
- 5Y*
- 11.37%
- 10Y*
- 13.63%
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VTMFX vs. WFSPX - Expense Ratio Comparison
VTMFX has a 0.09% expense ratio, which is higher than WFSPX'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. WFSPX — Risk / Return Rank
VTMFX
WFSPX
VTMFX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and iShares S&P 500 Index Fund (WFSPX). 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 | WFSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.84 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.30 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.06 | +0.30 |
Martin ratioReturn relative to average drawdown | 6.49 | 5.13 | +1.36 |
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 | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.84 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.68 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.76 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.13 | +0.69 |
Correlation
The correlation between VTMFX and WFSPX is 0.96, 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. WFSPX - Dividend Comparison
VTMFX's dividend yield for the trailing twelve months is around 2.31%, more than WFSPX's 1.58% 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% |
WFSPX iShares S&P 500 Index Fund | 1.58% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Drawdowns
VTMFX vs. WFSPX - Drawdown Comparison
The maximum VTMFX drawdown since its inception was -28.49%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for VTMFX and WFSPX.
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Drawdown Indicators
| VTMFX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -58.21% | +29.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -12.11% | +5.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -24.51% | +7.11% |
Max Drawdown (10Y)Largest decline over 10 years | -21.87% | -33.74% | +11.87% |
Current DrawdownCurrent decline from peak | -5.38% | -8.90% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -12.84% | +9.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.49% | -1.06% |
Volatility
VTMFX vs. WFSPX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) is 2.30%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 4.24%. This indicates that VTMFX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMFX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 4.24% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 9.08% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 18.06% | -9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 16.84% | -8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 17.98% | -8.89% |