VTMSX vs. FSMDX
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Fidelity Mid Cap Index Fund (FSMDX).
VTMSX is managed by Blackrock. It was launched on Mar 25, 1999. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTMSX or FSMDX.
Performance
VTMSX vs. FSMDX - Performance Comparison
Returns By Period
In the year-to-date period, VTMSX achieves a 12.63% return, which is significantly lower than FSMDX's 18.51% return. Over the past 10 years, VTMSX has outperformed FSMDX with an annualized return of 9.65%, while FSMDX has yielded a comparatively lower 9.06% annualized return.
VTMSX
12.63%
1.61%
10.20%
28.44%
10.01%
9.65%
FSMDX
18.51%
1.17%
10.26%
30.31%
10.06%
9.06%
Key characteristics
| VTMSX | FSMDX | |
|---|---|---|
| Sharpe Ratio | 1.32 | 2.31 |
| Sortino Ratio | 1.99 | 3.19 |
| Omega Ratio | 1.23 | 1.39 |
| Calmar Ratio | 1.45 | 1.83 |
| Martin Ratio | 7.56 | 13.20 |
| Ulcer Index | 3.50% | 2.31% |
| Daily Std Dev | 20.10% | 13.22% |
| Max Drawdown | -57.84% | -40.35% |
| Current Drawdown | -4.44% | -2.53% |
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VTMSX vs. FSMDX - Expense Ratio Comparison
VTMSX has a 0.09% expense ratio, which is higher than FSMDX'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%.
Correlation
The correlation between VTMSX and FSMDX is 0.91, 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.
Risk-Adjusted Performance
VTMSX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Fidelity Mid Cap Index Fund (FSMDX). 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.
Dividends
VTMSX vs. FSMDX - Dividend Comparison
VTMSX's dividend yield for the trailing twelve months is around 1.49%, more than FSMDX's 0.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 1.49% | 1.50% | 1.51% | 1.16% | 1.09% | 1.15% | 1.26% | 1.11% | 1.01% | 1.26% | 0.99% | 0.92% |
FSMDX Fidelity Mid Cap Index Fund | 0.96% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
Drawdowns
VTMSX vs. FSMDX - Drawdown Comparison
The maximum VTMSX drawdown since its inception was -57.84%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for VTMSX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
VTMSX vs. FSMDX - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a higher volatility of 7.76% compared to Fidelity Mid Cap Index Fund (FSMDX) at 4.26%. This indicates that VTMSX's price experiences larger fluctuations and is considered to be riskier than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.