VTMSX vs. SWSSX
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
VTMSX is managed by BlackRock. It was launched on Mar 25, 1999. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
VTMSX vs. SWSSX - Performance Comparison
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VTMSX vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 0.87% | 5.93% | 8.61% | 15.95% | -16.16% | 27.08% | 11.05% | 23.28% | -8.62% | 13.05% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Returns By Period
In the year-to-date period, VTMSX achieves a 0.87% return, which is significantly higher than SWSSX's -2.49% return. Both investments have delivered pretty close results over the past 10 years, with VTMSX having a 9.53% annualized return and SWSSX not far behind at 9.50%.
VTMSX
- 1D
- -0.71%
- 1M
- -6.65%
- YTD
- 0.87%
- 6M
- 2.54%
- 1Y
- 17.33%
- 3Y*
- 9.50%
- 5Y*
- 3.93%
- 10Y*
- 9.53%
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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VTMSX vs. SWSSX - Expense Ratio Comparison
VTMSX has a 0.09% expense ratio, which is higher than SWSSX's 0.04% 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
VTMSX vs. SWSSX — Risk / Return Rank
VTMSX
SWSSX
VTMSX vs. SWSSX - 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 Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.91 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.40 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.33 | -0.29 |
Martin ratioReturn relative to average drawdown | 4.23 | 5.02 | -0.79 |
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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.91 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.14 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.40 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.33 | +0.10 |
Correlation
The correlation between VTMSX and SWSSX is 0.98, 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
VTMSX vs. SWSSX - Dividend Comparison
VTMSX's dividend yield for the trailing twelve months is around 1.33%, which matches SWSSX's 1.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 1.33% | 1.28% | 1.44% | 1.50% | 1.51% | 1.16% | 1.09% | 1.15% | 1.26% | 1.11% | 1.01% | 1.26% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
VTMSX vs. SWSSX - Drawdown Comparison
The maximum VTMSX drawdown since its inception was -57.84%, roughly equal to the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for VTMSX and SWSSX.
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Drawdown Indicators
| VTMSX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.84% | -60.34% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -13.90% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -31.93% | +4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -43.88% | -41.81% | -2.07% |
Current DrawdownCurrent decline from peak | -8.24% | -11.00% | +2.76% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -10.78% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.68% | -0.04% |
Volatility
VTMSX vs. SWSSX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) is 5.51%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.59%. This indicates that VTMSX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMSX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 6.59% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 14.12% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 23.11% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 22.57% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 24.03% | -0.93% |