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VTMSX vs. FSMDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.9

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Performance

VTMSX vs. FSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Fidelity Mid Cap Index Fund (FSMDX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
11.54%
8.49%
VTMSX
FSMDX

Key characteristics

Sharpe Ratio

VTMSX:

0.48

FSMDX:

1.10

Sortino Ratio

VTMSX:

0.82

FSMDX:

1.56

Omega Ratio

VTMSX:

1.10

FSMDX:

1.19

Calmar Ratio

VTMSX:

0.79

FSMDX:

1.38

Martin Ratio

VTMSX:

2.48

FSMDX:

5.51

Ulcer Index

VTMSX:

3.78%

FSMDX:

2.65%

Daily Std Dev

VTMSX:

19.67%

FSMDX:

13.27%

Max Drawdown

VTMSX:

-57.84%

FSMDX:

-40.35%

Current Drawdown

VTMSX:

-6.98%

FSMDX:

-7.40%

Returns By Period

In the year-to-date period, VTMSX achieves a 10.66% return, which is significantly lower than FSMDX's 15.00% return. Over the past 10 years, VTMSX has outperformed FSMDX with an annualized return of 8.98%, while FSMDX has yielded a comparatively lower 8.36% annualized return.


VTMSX

YTD

10.66%

1M

-6.16%

6M

12.63%

1Y

8.97%

5Y*

8.79%

10Y*

8.98%

FSMDX

YTD

15.00%

1M

-7.22%

6M

9.73%

1Y

14.39%

5Y*

9.06%

10Y*

8.36%

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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%.


Expense ratio chart for VTMSX: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%
Expense ratio chart for FSMDX: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

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.


The chart of Sharpe ratio for VTMSX, currently valued at 0.46, compared to the broader market-1.000.001.002.003.004.000.461.00
The chart of Sortino ratio for VTMSX, currently valued at 0.79, compared to the broader market-2.000.002.004.006.008.0010.000.791.44
The chart of Omega ratio for VTMSX, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.003.501.091.18
The chart of Calmar ratio for VTMSX, currently valued at 0.76, compared to the broader market0.002.004.006.008.0010.0012.000.761.26
The chart of Martin ratio for VTMSX, currently valued at 2.38, compared to the broader market0.0010.0020.0030.0040.0050.0060.002.384.92
VTMSX
FSMDX

The current VTMSX Sharpe Ratio is 0.48, which is lower than the FSMDX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of VTMSX and FSMDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.46
1.00
VTMSX
FSMDX

Dividends

VTMSX vs. FSMDX - Dividend Comparison

VTMSX's dividend yield for the trailing twelve months is around 1.04%, more than FSMDX's 0.03% yield.


TTM20232022202120202019201820172016201520142013
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares
1.04%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
0.04%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.98%
-8.28%
VTMSX
FSMDX

Volatility

VTMSX vs. FSMDX - Volatility Comparison

Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a higher volatility of 4.94% compared to Fidelity Mid Cap Index Fund (FSMDX) at 4.04%. 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.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.94%
4.04%
VTMSX
FSMDX

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