VTMSX vs. VIMAX
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX).
VTMSX is managed by Blackrock. It was launched on Mar 25, 1999. VIMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTMSX or VIMAX.
Key characteristics
| VTMSX | VIMAX | |
|---|---|---|
| YTD Return | 2.28% | 6.34% |
| 1Y Return | 20.64% | 21.06% |
| 3Y Return (Ann) | 1.28% | 3.91% |
| 5Y Return (Ann) | 8.90% | 10.29% |
| 10Y Return (Ann) | 9.29% | 9.83% |
| Sharpe Ratio | 1.13 | 1.67 |
| Daily Std Dev | 19.32% | 13.05% |
| Max Drawdown | -57.84% | -58.88% |
| Current Drawdown | -4.59% | -1.79% |
Correlation
The correlation between VTMSX and VIMAX is 0.92, 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.
Performance
VTMSX vs. VIMAX - Performance Comparison
In the year-to-date period, VTMSX achieves a 2.28% return, which is significantly lower than VIMAX's 6.34% return. Over the past 10 years, VTMSX has underperformed VIMAX with an annualized return of 9.29%, while VIMAX has yielded a comparatively higher 9.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VTMSX vs. VIMAX - Expense Ratio Comparison
VTMSX has a 0.09% expense ratio, which is higher than VIMAX's 0.05% 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%.
Risk-Adjusted Performance
VTMSX vs. VIMAX - 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 Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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. VIMAX - Dividend Comparison
VTMSX's dividend yield for the trailing twelve months is around 1.49%, less than VIMAX's 1.51% 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% |
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares | 1.51% | 1.51% | 1.59% | 1.11% | 1.44% | 1.47% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
VTMSX vs. VIMAX - Drawdown Comparison
The maximum VTMSX drawdown since its inception was -57.84%, roughly equal to the maximum VIMAX drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for VTMSX and VIMAX. For additional features, visit the drawdowns tool.
Volatility
VTMSX vs. VIMAX - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a higher volatility of 4.13% compared to Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) at 2.87%. This indicates that VTMSX's price experiences larger fluctuations and is considered to be riskier than VIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.