VTMSX vs. BRK-B
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Berkshire Hathaway Inc. (BRK-B).
VTMSX is managed by BlackRock. It was launched on Mar 25, 1999.
Performance
VTMSX vs. BRK-B - Performance Comparison
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VTMSX vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 3.68% | 5.93% | 8.61% | 15.95% | -16.16% | 27.08% | 11.05% | 23.28% | -8.62% | 13.05% |
BRK-B Berkshire Hathaway Inc. | -4.80% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Returns By Period
In the year-to-date period, VTMSX achieves a 3.68% return, which is significantly higher than BRK-B's -4.80% return. Over the past 10 years, VTMSX has underperformed BRK-B with an annualized return of 9.83%, while BRK-B has yielded a comparatively higher 12.78% annualized return.
VTMSX
- 1D
- 2.78%
- 1M
- -4.68%
- YTD
- 3.68%
- 6M
- 5.13%
- 1Y
- 20.31%
- 3Y*
- 10.51%
- 5Y*
- 4.17%
- 10Y*
- 9.83%
BRK-B
- 1D
- -0.15%
- 1M
- -0.35%
- YTD
- -4.80%
- 6M
- -3.95%
- 1Y
- -10.22%
- 3Y*
- 15.72%
- 5Y*
- 13.13%
- 10Y*
- 12.78%
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Return for Risk
VTMSX vs. BRK-B — Risk / Return Rank
VTMSX
BRK-B
VTMSX vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Berkshire Hathaway Inc. (BRK-B). 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.
| VTMSX | BRK-B | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | -0.56 | +1.47 |
Sortino ratioReturn per unit of downside risk | 1.41 | -0.65 | +2.06 |
Omega ratioGain probability vs. loss probability | 1.19 | 0.91 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | -0.68 | +2.11 |
Martin ratioReturn relative to average drawdown | 5.80 | -1.16 | +6.96 |
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
| VTMSX | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | -0.56 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.77 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.66 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.48 | -0.04 |
Correlation
The correlation between VTMSX and BRK-B is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VTMSX vs. BRK-B - Dividend Comparison
VTMSX's dividend yield for the trailing twelve months is around 1.29%, while BRK-B has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 1.29% | 1.28% | 1.44% | 1.50% | 1.51% | 1.16% | 1.09% | 1.15% | 1.26% | 1.11% | 1.01% | 1.26% |
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VTMSX vs. BRK-B - Drawdown Comparison
The maximum VTMSX drawdown since its inception was -57.84%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for VTMSX and BRK-B.
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Drawdown Indicators
| VTMSX | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.84% | -53.86% | -3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -14.95% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -26.58% | -1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -43.88% | -29.57% | -14.31% |
Current DrawdownCurrent decline from peak | -5.68% | -11.36% | +5.68% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -11.07% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 8.72% | -5.06% |
Volatility
VTMSX vs. BRK-B - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a higher volatility of 6.25% compared to Berkshire Hathaway Inc. (BRK-B) at 4.33%. This indicates that VTMSX's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMSX | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 4.33% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 11.14% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 18.30% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 17.20% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.12% | 19.45% | +3.67% |