VTMSX vs. VGT
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Vanguard Information Technology ETF (VGT).
VTMSX is managed by BlackRock. It was launched on Mar 25, 1999. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Mar 25, 2004.
Performance
VTMSX vs. VGT - Performance Comparison
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VTMSX vs. VGT - 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% |
VGT Vanguard Information Technology ETF | -7.34% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | 2.46% | 37.08% |
Returns By Period
In the year-to-date period, VTMSX achieves a 0.87% return, which is significantly higher than VGT's -7.34% return. Over the past 10 years, VTMSX has underperformed VGT with an annualized return of 9.53%, while VGT has yielded a comparatively higher 21.35% annualized return.
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%
VGT
- 1D
- 4.34%
- 1M
- -3.89%
- YTD
- -7.34%
- 6M
- -6.36%
- 1Y
- 29.19%
- 3Y*
- 22.58%
- 5Y*
- 14.54%
- 10Y*
- 21.35%
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VTMSX vs. VGT - Expense Ratio Comparison
Both VTMSX and VGT have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VTMSX vs. VGT — Risk / Return Rank
VTMSX
VGT
VTMSX vs. VGT - 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 Vanguard Information Technology ETF (VGT). 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 | VGT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.08 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.65 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.77 | -0.73 |
Martin ratioReturn relative to average drawdown | 4.23 | 5.47 | -1.24 |
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 | VGT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.08 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.58 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.88 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.61 | -0.17 |
Correlation
The correlation between VTMSX and VGT is 0.73, 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. VGT - Dividend Comparison
VTMSX's dividend yield for the trailing twelve months is around 1.33%, more than VGT's 0.44% 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% |
VGT Vanguard Information Technology ETF | 0.44% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Drawdowns
VTMSX vs. VGT - Drawdown Comparison
The maximum VTMSX drawdown since its inception was -57.84%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for VTMSX and VGT.
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Drawdown Indicators
| VTMSX | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.84% | -54.63% | -3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -16.40% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -35.07% | +7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -43.88% | -35.07% | -8.81% |
Current DrawdownCurrent decline from peak | -8.24% | -12.77% | +4.53% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -8.00% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 5.30% | -1.66% |
Volatility
VTMSX vs. VGT - Volatility Comparison
The current volatility for Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) is 5.51%, while Vanguard Information Technology ETF (VGT) has a volatility of 7.99%. This indicates that VTMSX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMSX | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 7.99% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 16.31% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 27.24% | -4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 25.07% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 24.48% | -1.38% |