PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VTMGX vs. ^CASHX
Performance
Return for Risk
Drawdowns
Volatility

VTMGX vs. ^CASHX

Last updated Jun 9, 2026

VTMGX (Vanguard Developed Markets Index Fund Admiral Shares) is Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index, while ^CASHX (US Money Market Index) is an index. Over the past 10 years, VTMGX returned 9.61%/yr vs 2.32%/yr for ^CASHX. At a correlation of -0.01, they often move in opposite directions.

Performance

VTMGX vs. ^CASHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) and US Money Market Index (^CASHX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, VTMGX achieves a 11.05% return, which is significantly higher than ^CASHX's 1.54% return. Over the past 10 years, VTMGX has outperformed ^CASHX with an annualized return of 9.61%, while ^CASHX has yielded a comparatively lower 2.32% annualized return.

VTMGX

1D
-3.64%
1M
-1.77%
YTD
11.05%
6M
13.94%
1Y
27.01%
3Y*
18.34%
5Y*
8.83%
10Y*
9.61%

^CASHX

1D
0.01%
1M
0.26%
YTD
1.54%
6M
1.77%
1Y
3.88%
3Y*
4.64%
5Y*
3.52%
10Y*
2.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VTMGX vs. ^CASHX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VTMGX
Vanguard Developed Markets Index Fund Admiral Shares		11.05%35.17%3.03%17.65%-15.33%11.39%10.25%22.04%-14.48%26.39%
^CASHX
US Money Market Index		1.54%4.21%5.16%5.03%1.68%0.08%0.37%2.16%1.83%1.00%

Correlation

The correlation between VTMGX and ^CASHX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

-0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (10Y)
Calculated over the trailing 10-year period

0.00

Correlation (All Time)
Calculated using the full available price history since Aug 18, 1999

-0.01

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Developed Markets Index Fund Admiral Shares

US Money Market Index

Often compared with VTMGX:
VTMGX vs. VEMAXVTMGX vs. VEAVTMGX vs. VTSAXVTMGX vs. VXUSVTMGX vs. VOOVTMGX vs. VIAAXVTMGX vs. VTI
Often compared with ^CASHX:
^CASHX vs. SPAXX^CASHX vs. VBIL^CASHX vs. VUSXX^CASHX vs. VMRXX^CASHX vs. SWVXX^CASHX vs. FXNAX^CASHX vs. JAAA

Return for Risk

VTMGX vs. ^CASHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VTMGX
VTMGX Risk / Return Rank: 4040
Overall Rank
VTMGX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
VTMGX Sortino Ratio Rank: 3636
Sortino Ratio Rank
VTMGX Omega Ratio Rank: 3939
Omega Ratio Rank
VTMGX Calmar Ratio Rank: 4141
Calmar Ratio Rank
VTMGX Martin Ratio Rank: 4545
Martin Ratio Rank
^CASHX
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTMGX vs. ^CASHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) and US Money Market Index (^CASHX). 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.

VTMGX^CASHXDifference
Sharpe ratioReturn per unit of total volatility
1.77
258.44

-256.67

Sortino ratioReturn per unit of downside risk
2.40

—

—

Omega ratioGain probability vs. loss probability

1.32

—

—

Calmar ratioReturn relative to maximum drawdown

2.36

—

—

Martin ratioReturn relative to average drawdown

9.09

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTMGX vs. ^CASHX - Sharpe Ratio Comparison

The current VTMGX Sharpe Ratio is 1.77, which is lower than the ^CASHX Sharpe Ratio of 258.44. The chart below compares the historical Sharpe Ratios of VTMGX and ^CASHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

VTMGX^CASHXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.77

258.44

-256.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

36.67

-36.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

24.00

-23.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

25.99

-25.69

Drawdowns

VTMGX vs. ^CASHX - Drawdown Comparison

The maximum VTMGX drawdown since its inception was -60.58%, which is greater than ^CASHX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VTMGX and ^CASHX.

Loading charts...

Drawdown Indicators

VTMGX^CASHXDifference

Max Drawdown

Largest peak-to-trough decline

-60.58%

0.00%

-60.58%

Max Drawdown (1Y)

Largest decline over 1 year

-11.67%

0.00%

-11.67%

Max Drawdown (3Y)

Largest decline over 3 years

-13.18%

0.00%

-13.18%

Max Drawdown (5Y)

Largest decline over 5 years

-29.71%

0.00%

-29.71%

Max Drawdown (10Y)

Largest decline over 10 years

-35.68%

0.00%

-35.68%

Current Drawdown

Current decline from peak

-4.18%

0.00%

-4.18%

Average Drawdown

Average peak-to-trough decline

-14.65%

0.00%

-14.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

0.00%

+3.02%

Volatility

VTMGX vs. ^CASHX - Volatility Comparison

Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) has a higher volatility of 5.61% compared to US Money Market Index (^CASHX) at 0.00%. This indicates that VTMGX's price experiences larger fluctuations and is considered to be riskier than ^CASHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VTMGX^CASHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.61%

0.00%

+5.61%

Volatility (6M)

Calculated over the trailing 6-month period

13.11%

0.00%

+13.11%

Volatility (1Y)

Calculated over the trailing 1-year period

15.53%

0.01%

+15.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.94%

0.08%

+15.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.57%

0.08%

+16.49%

Frequently Asked Questions

VTMGX and ^CASHX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VTMGX has higher volatility (5.61%) compared to ^CASHX (0.00%). In terms of maximum drawdown, VTMGX dropped -60.58% vs ^CASHX's 0.00%.

^CASHX currently has the higher Sharpe Ratio (258.44 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for VTMGX and ^CASHX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer