VTPSX vs. VSMPX

Last updated Jun 5, 2026

VTPSX (Vanguard Total International Stock Index Fund Institutional Plus Shares) and VSMPX (Vanguard Total Stock Market Index Fund Institutional Plus Shares) are both mutual funds - VTPSX is a Foreign Large Cap Equities fund managed by Vanguard, while VSMPX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 10 years, VTPSX returned 9.80%/yr vs 15.05%/yr for VSMPX. A 0.80 correlation means they provide meaningful diversification when combined. VTPSX charges 0.07%/yr vs 0.02%/yr for VSMPX.

Performance

VTPSX vs. VSMPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) and Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTPSX achieves a 14.49% return, which is significantly higher than VSMPX's 11.14% return. Over the past 10 years, VTPSX has underperformed VSMPX with an annualized return of 9.80%, while VSMPX has yielded a comparatively higher 15.05% annualized return.

VTPSX

• 1D: -0.81%
• 1M: 3.56%
• YTD: 14.49%
• 6M: 16.99%
• 1Y: 31.54%
• 3Y*: 19.52%
• 5Y*: 8.49%
• 10Y*: 9.80%

VSMPX

• 1D: -0.76%
• 1M: 4.07%
• YTD: 11.14%
• 6M: 10.87%
• 1Y: 28.12%
• 3Y*: 22.06%
• 5Y*: 12.70%
• 10Y*: 15.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VTPSX vs. VSMPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares	14.49%	32.25%	5.39%	15.31%	-15.99%	8.64%	11.29%	21.57%	-14.40%	27.56%
VSMPX Vanguard Total Stock Market Index Fund Institutional Plus Shares	11.14%	17.15%	23.26%	26.53%	-19.50%	25.74%	21.01%	30.79%	-5.16%	21.19%

Correlation

The correlation between VTPSX and VSMPX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.80

The correlation between VTPSX and VSMPX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

VTPSX vs. VSMPX - Sectors Allocation Comparison

Sectors	VTPSX	VSMPX
Financial Services	22.3%	12.0%
Technology	18.1%	33.5%
Industrials	16.1%	9.5%
Consumer Cyclical	8.4%	9.9%
Basic Materials	7.6%	2.0%
Healthcare	7.1%	9.2%
Energy	5.2%	3.8%
Consumer Defensive	5.0%	4.7%
Communication Services	4.4%	10.2%
Utilities	3.2%	2.8%
Real Estate	2.6%	2.4%

Return for Risk

VTPSX vs. VSMPX — Risk / Return Rank

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

VTPSX

VTPSX Risk / Return Rank: 57
VTPSX Sharpe Ratio Rank: 59
VTPSX Sortino Ratio Rank: 54
VTPSX Omega Ratio Rank: 58
VTPSX Calmar Ratio Rank: 56
VTPSX Martin Ratio Rank: 56

VSMPX

VSMPX Risk / Return Rank: 64
VSMPX Sharpe Ratio Rank: 61
VSMPX Sortino Ratio Rank: 56
VSMPX Omega Ratio Rank: 56
VSMPX Calmar Ratio Rank: 68
VSMPX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTPSX vs. VSMPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) and Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX). 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.

	VTPSX	VSMPX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.32	-0.03
Sortino ratio: Return per unit of downside risk	3.11	3.17	-0.07
Omega ratio: Gain probability vs. loss probability	1.42	1.42	+0.01
Calmar ratio: Return relative to maximum drawdown	2.88	3.17	-0.29
Martin ratio: Return relative to average drawdown	11.37	14.62	-3.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTPSX vs. VSMPX - Sharpe Ratio Comparison

The current VTPSX Sharpe Ratio is 2.29, which is comparable to the VSMPX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of VTPSX and VSMPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VTPSX	VSMPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.32	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.74	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.82	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.82	-0.38

Drawdowns

VTPSX vs. VSMPX - Drawdown Comparison

The maximum VTPSX drawdown since its inception was -35.77%, roughly equal to the maximum VSMPX drawdown of -34.97%. Use the drawdown chart below to compare losses from any high point for VTPSX and VSMPX.

Drawdown Indicators

	VTPSX	VSMPX	Difference
Max Drawdown Largest peak-to-trough decline	-35.77%	-34.97%	-0.80%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-8.92%	-2.37%
Max Drawdown (3Y) Largest decline over 3 years	-13.14%	-19.36%	+6.22%
Max Drawdown (5Y) Largest decline over 5 years	-29.54%	-25.35%	-4.19%
Max Drawdown (10Y) Largest decline over 10 years	-35.77%	-34.97%	-0.80%
Current Drawdown Current decline from peak	-0.81%	-0.76%	-0.05%
Average Drawdown Average peak-to-trough decline	-8.04%	-4.59%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	1.93%	+0.92%

Volatility

VTPSX vs. VSMPX - Volatility Comparison

Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) has a higher volatility of 4.87% compared to Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX) at 3.05%. This indicates that VTPSX's price experiences larger fluctuations and is considered to be riskier than VSMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTPSX	VSMPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	3.05%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	11.92%	9.20%	+2.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.22%	12.22%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	17.36%	-2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.93%	18.41%	-2.48%

VTPSX vs. VSMPX - Expense Ratio Comparison

VTPSX has a 0.07% expense ratio, which is higher than VSMPX's 0.02% 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%.

Dividends

VTPSX vs. VSMPX - Dividend Comparison

VTPSX's dividend yield for the trailing twelve months is around 2.65%, more than VSMPX's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VSMPX Vanguard Total Stock Market Index Fund Institutional Plus Shares	1.02%	1.13%	1.27%	1.43%	1.67%	1.22%	1.43%	1.78%	2.05%	1.73%	1.95%	0.00%
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares	2.65%	3.18%	3.37%	3.25%	3.09%	3.09%	2.13%	3.08%	3.20%	2.77%	2.97%	2.89%

Frequently Asked Questions

Can I hold both VTPSX and VSMPX in my portfolio?

VTPSX and VSMPX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTPSX or VSMPX?

VTPSX has higher volatility (4.87%) compared to VSMPX (3.05%). In terms of maximum drawdown, VTPSX dropped -35.77% vs VSMPX's -34.97%.

Which has better risk-adjusted returns?

VSMPX currently has the higher Sharpe Ratio (2.32 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.