VTMSX vs. VOO
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Vanguard S&P 500 ETF (VOO).
VTMSX is managed by BlackRock. It was launched on Mar 25, 1999. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VTMSX vs. VOO - Performance Comparison
Loading graphics...
VTMSX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 3.68% | 5.93% | 8.61% | 15.95% | -16.16% | 27.08% | 11.05% | 23.28% | -8.62% | 13.05% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, VTMSX achieves a 3.68% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, VTMSX has underperformed VOO with an annualized return of 9.83%, while VOO has yielded a comparatively higher 14.14% annualized return.
VTMSX
- 1D
- 2.78%
- 1M
- -4.68%
- YTD
- 3.68%
- 6M
- 5.13%
- 1Y
- 20.31%
- 3Y*
- 10.51%
- 5Y*
- 4.17%
- 10Y*
- 9.83%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VTMSX vs. VOO - Expense Ratio Comparison
VTMSX has a 0.09% expense ratio, which is higher than VOO'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%.
Return for Risk
VTMSX vs. VOO — Risk / Return Rank
VTMSX
VOO
VTMSX vs. VOO - 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 S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.01 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.53 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.55 | -0.13 |
Martin ratioReturn relative to average drawdown | 5.80 | 7.31 | -1.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VTMSX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.01 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.71 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.79 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.83 | -0.40 |
Correlation
The correlation between VTMSX and VOO is 0.82, 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. VOO - Dividend Comparison
VTMSX's dividend yield for the trailing twelve months is around 1.29%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 1.29% | 1.28% | 1.44% | 1.50% | 1.51% | 1.16% | 1.09% | 1.15% | 1.26% | 1.11% | 1.01% | 1.26% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VTMSX vs. VOO - Drawdown Comparison
The maximum VTMSX drawdown since its inception was -57.84%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VTMSX and VOO.
Loading graphics...
Drawdown Indicators
| VTMSX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.84% | -33.99% | -23.85% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -11.98% | -2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -24.52% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.88% | -33.99% | -9.89% |
Current DrawdownCurrent decline from peak | -5.68% | -5.55% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -3.72% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 2.55% | +1.11% |
Volatility
VTMSX vs. VOO - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a higher volatility of 6.25% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that VTMSX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VTMSX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 5.34% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 9.47% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 18.11% | +4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 16.82% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.12% | 17.99% | +5.13% |