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VTMSX vs. ^SP500TR
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between VTMSX and ^SP500TR is 0.84, 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.


-0.50.00.51.00.8

Performance

VTMSX vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

500.00%600.00%700.00%800.00%900.00%1,000.00%1,100.00%1,200.00%JulyAugustSeptemberOctoberNovemberDecember
1,081.86%
611.44%
VTMSX
^SP500TR

Key characteristics

Sharpe Ratio

VTMSX:

0.59

^SP500TR:

2.03

Sortino Ratio

VTMSX:

0.97

^SP500TR:

2.71

Omega Ratio

VTMSX:

1.12

^SP500TR:

1.38

Calmar Ratio

VTMSX:

0.98

^SP500TR:

3.03

Martin Ratio

VTMSX:

3.23

^SP500TR:

13.52

Ulcer Index

VTMSX:

3.61%

^SP500TR:

1.89%

Daily Std Dev

VTMSX:

19.92%

^SP500TR:

12.59%

Max Drawdown

VTMSX:

-57.84%

^SP500TR:

-55.25%

Current Drawdown

VTMSX:

-8.39%

^SP500TR:

-3.54%

Returns By Period

In the year-to-date period, VTMSX achieves a 8.98% return, which is significantly lower than ^SP500TR's 24.77% return. Over the past 10 years, VTMSX has underperformed ^SP500TR with an annualized return of 9.10%, while ^SP500TR has yielded a comparatively higher 13.05% annualized return.


VTMSX

YTD

8.98%

1M

-3.22%

6M

10.94%

1Y

9.41%

5Y*

8.39%

10Y*

9.10%

^SP500TR

YTD

24.77%

1M

-0.24%

6M

7.73%

1Y

24.86%

5Y*

14.61%

10Y*

13.05%

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Risk-Adjusted Performance

VTMSX vs. ^SP500TR - 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 S&P 500 Total Return (^SP500TR). 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.


Sharpe ratio
The chart of Sharpe ratio for VTMSX, currently valued at 0.59, compared to the broader market-1.000.001.002.003.004.000.592.03
The chart of Sortino ratio for VTMSX, currently valued at 0.97, compared to the broader market-2.000.002.004.006.008.0010.000.972.71
The chart of Omega ratio for VTMSX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.003.501.121.38
The chart of Calmar ratio for VTMSX, currently valued at 0.98, compared to the broader market0.005.0010.0015.000.983.03
The chart of Martin ratio for VTMSX, currently valued at 3.23, compared to the broader market0.0020.0040.0060.003.2313.52
VTMSX
^SP500TR

The current VTMSX Sharpe Ratio is 0.59, which is lower than the ^SP500TR Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of VTMSX and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.59
2.03
VTMSX
^SP500TR

Drawdowns

VTMSX vs. ^SP500TR - Drawdown Comparison

The maximum VTMSX drawdown since its inception was -57.84%, roughly equal to the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for VTMSX and ^SP500TR. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.39%
-3.54%
VTMSX
^SP500TR

Volatility

VTMSX vs. ^SP500TR - Volatility Comparison

Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a higher volatility of 5.85% compared to S&P 500 Total Return (^SP500TR) at 3.65%. This indicates that VTMSX's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
5.85%
3.65%
VTMSX
^SP500TR
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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