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VTMSX vs. ^SP600
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between VTMSX and ^SP600 is 1.00, 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.


-0.50.00.51.01.0

Performance

VTMSX vs. ^SP600 - 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 600 (^SP600). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember2025
3.76%
2.93%
VTMSX
^SP600

Key characteristics

Sharpe Ratio

VTMSX:

0.91

^SP600:

0.81

Sortino Ratio

VTMSX:

1.40

^SP600:

1.27

Omega Ratio

VTMSX:

1.17

^SP600:

1.15

Calmar Ratio

VTMSX:

1.52

^SP600:

1.03

Martin Ratio

VTMSX:

4.52

^SP600:

3.94

Ulcer Index

VTMSX:

3.93%

^SP600:

4.01%

Daily Std Dev

VTMSX:

19.59%

^SP600:

19.57%

Max Drawdown

VTMSX:

-57.84%

^SP600:

-59.17%

Current Drawdown

VTMSX:

-6.46%

^SP600:

-6.65%

Returns By Period

The year-to-date returns for both stocks are quite close, with VTMSX having a 2.46% return and ^SP600 slightly lower at 2.40%. Over the past 10 years, VTMSX has outperformed ^SP600 with an annualized return of 9.48%, while ^SP600 has yielded a comparatively lower 7.96% annualized return.


VTMSX

YTD

2.46%

1M

2.11%

6M

5.32%

1Y

16.68%

5Y*

8.47%

10Y*

9.48%

^SP600

YTD

2.40%

1M

2.38%

6M

4.46%

1Y

13.51%

5Y*

6.79%

10Y*

7.96%

*Annualized

Compare stocks, funds, or ETFs

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Risk-Adjusted Performance

VTMSX vs. ^SP600 — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTMSX
The Risk-Adjusted Performance Rank of VTMSX is 5252
Overall Rank
The Sharpe Ratio Rank of VTMSX is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of VTMSX is 4848
Sortino Ratio Rank
The Omega Ratio Rank of VTMSX is 4141
Omega Ratio Rank
The Calmar Ratio Rank of VTMSX is 7676
Calmar Ratio Rank
The Martin Ratio Rank of VTMSX is 5353
Martin Ratio Rank

^SP600
The Risk-Adjusted Performance Rank of ^SP600 is 4545
Overall Rank
The Sharpe Ratio Rank of ^SP600 is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of ^SP600 is 4242
Sortino Ratio Rank
The Omega Ratio Rank of ^SP600 is 3737
Omega Ratio Rank
The Calmar Ratio Rank of ^SP600 is 5353
Calmar Ratio Rank
The Martin Ratio Rank of ^SP600 is 4949
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VTMSX vs. ^SP600 - 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 600 (^SP600). 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 0.91, compared to the broader market-1.000.001.002.003.004.000.910.81
The chart of Sortino ratio for VTMSX, currently valued at 1.40, compared to the broader market0.005.0010.001.401.27
The chart of Omega ratio for VTMSX, currently valued at 1.17, compared to the broader market1.002.003.004.001.171.15
The chart of Calmar ratio for VTMSX, currently valued at 1.52, compared to the broader market0.005.0010.0015.0020.001.521.03
The chart of Martin ratio for VTMSX, currently valued at 4.52, compared to the broader market0.0020.0040.0060.0080.004.523.94
VTMSX
^SP600

The current VTMSX Sharpe Ratio is 0.91, which is comparable to the ^SP600 Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of VTMSX and ^SP600, 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 Ratio0.000.501.001.502.00AugustSeptemberOctoberNovemberDecember2025
0.91
0.81
VTMSX
^SP600

Drawdowns

VTMSX vs. ^SP600 - Drawdown Comparison

The maximum VTMSX drawdown since its inception was -57.84%, roughly equal to the maximum ^SP600 drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for VTMSX and ^SP600. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-6.46%
-6.65%
VTMSX
^SP600

Volatility

VTMSX vs. ^SP600 - Volatility Comparison

Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) and S&P 600 (^SP600) have volatilities of 5.95% and 5.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


4.00%5.00%6.00%7.00%8.00%9.00%AugustSeptemberOctoberNovemberDecember2025
5.95%
5.93%
VTMSX
^SP600
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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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