VTMSX vs. VUG
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and Vanguard Growth ETF (VUG).
VTMSX is managed by BlackRock. It was launched on Mar 25, 1999. VUG is a passively managed fund by Vanguard that tracks the performance of the CRSP US Large Cap Growth Index. It was launched on Nov 13, 2000.
Performance
VTMSX vs. VUG - Performance Comparison
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VTMSX vs. VUG - 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% |
VUG Vanguard Growth ETF | -10.37% | 19.40% | 32.69% | 46.83% | -33.16% | 27.35% | 40.25% | 37.03% | -3.32% | 27.72% |
Returns By Period
In the year-to-date period, VTMSX achieves a 0.87% return, which is significantly higher than VUG's -10.37% return. Over the past 10 years, VTMSX has underperformed VUG with an annualized return of 9.53%, while VUG has yielded a comparatively higher 16.03% 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%
VUG
- 1D
- 4.00%
- 1M
- -5.12%
- YTD
- -10.37%
- 6M
- -8.73%
- 1Y
- 18.30%
- 3Y*
- 21.15%
- 5Y*
- 11.43%
- 10Y*
- 16.03%
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VTMSX vs. VUG - Expense Ratio Comparison
VTMSX has a 0.09% expense ratio, which is higher than VUG'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. VUG — Risk / Return Rank
VTMSX
VUG
VTMSX vs. VUG - 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 Growth ETF (VUG). 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 | VUG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.81 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.31 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.11 | -0.08 |
Martin ratioReturn relative to average drawdown | 4.23 | 3.96 | +0.27 |
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 | VUG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.81 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.52 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.75 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.57 | -0.14 |
Correlation
The correlation between VTMSX and VUG is 0.77, 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. VUG - Dividend Comparison
VTMSX's dividend yield for the trailing twelve months is around 1.33%, more than VUG's 0.46% 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% |
VUG Vanguard Growth ETF | 0.46% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.14% | 1.39% | 1.30% |
Drawdowns
VTMSX vs. VUG - Drawdown Comparison
The maximum VTMSX drawdown since its inception was -57.84%, which is greater than VUG's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for VTMSX and VUG.
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Drawdown Indicators
| VTMSX | VUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.84% | -50.68% | -7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -16.53% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -35.61% | +7.68% |
Max Drawdown (10Y)Largest decline over 10 years | -43.88% | -35.61% | -8.27% |
Current DrawdownCurrent decline from peak | -8.24% | -13.20% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -7.13% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 4.66% | -1.02% |
Volatility
VTMSX vs. VUG - Volatility Comparison
The current volatility for Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) is 5.51%, while Vanguard Growth ETF (VUG) has a volatility of 7.00%. This indicates that VTMSX experiences smaller price fluctuations and is considered to be less risky than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMSX | VUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 7.00% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 12.65% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 22.68% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 22.23% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 21.38% | +1.72% |