VTMSX vs. VSMAX
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX).
VTMSX is managed by Blackrock. It was launched on Mar 25, 1999. VSMAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTMSX or VSMAX.
Performance
VTMSX vs. VSMAX - Performance Comparison
Returns By Period
In the year-to-date period, VTMSX achieves a 12.63% return, which is significantly lower than VSMAX's 16.66% return. Both investments have delivered pretty close results over the past 10 years, with VTMSX having a 9.65% annualized return and VSMAX not far behind at 9.53%.
VTMSX
12.63%
1.61%
10.20%
28.44%
10.01%
9.65%
VSMAX
16.66%
1.66%
10.07%
31.72%
10.53%
9.53%
Key characteristics
| VTMSX | VSMAX | |
|---|---|---|
| Sharpe Ratio | 1.32 | 1.75 |
| Sortino Ratio | 1.99 | 2.48 |
| Omega Ratio | 1.23 | 1.30 |
| Calmar Ratio | 1.45 | 1.66 |
| Martin Ratio | 7.56 | 9.72 |
| Ulcer Index | 3.50% | 3.10% |
| Daily Std Dev | 20.10% | 17.16% |
| Max Drawdown | -57.84% | -59.68% |
| Current Drawdown | -4.44% | -3.83% |
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VTMSX vs. VSMAX - Expense Ratio Comparison
VTMSX has a 0.09% expense ratio, which is higher than VSMAX'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%.
Correlation
The correlation between VTMSX and VSMAX 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.
Risk-Adjusted Performance
VTMSX vs. VSMAX - 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 Small-Cap Index Fund Admiral Shares (VSMAX). 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. VSMAX - Dividend Comparison
VTMSX's dividend yield for the trailing twelve months is around 1.49%, more than VSMAX's 1.34% 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% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.34% | 1.55% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% | 1.31% |
Drawdowns
VTMSX vs. VSMAX - Drawdown Comparison
The maximum VTMSX drawdown since its inception was -57.84%, roughly equal to the maximum VSMAX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for VTMSX and VSMAX. For additional features, visit the drawdowns tool.
Volatility
VTMSX vs. VSMAX - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a higher volatility of 7.76% compared to Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) at 5.74%. This indicates that VTMSX's price experiences larger fluctuations and is considered to be riskier than VSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.