VTRIX vs. VTMGX

Last updated Jun 3, 2026

VTRIX (Vanguard International Value Fund) and VTMGX (Vanguard Developed Markets Index Fund Admiral Shares) are both mutual funds - VTRIX is a Foreign Large Cap Equities fund managed by Vanguard, while VTMGX is a Large Cap Growth Equities fund managed by Vanguard. Over the past 10 years, VTRIX returned 9.42%/yr vs 10.21%/yr for VTMGX. With a 0.96 correlation, they move nearly in lockstep. VTRIX charges 0.36%/yr vs 0.07%/yr for VTMGX.

Performance

VTRIX vs. VTMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International Value Fund (VTRIX) and Vanguard Developed Markets Index Fund Admiral Shares (VTMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTRIX achieves a 14.29% return, which is significantly lower than VTMGX's 15.59% return. Over the past 10 years, VTRIX has underperformed VTMGX with an annualized return of 9.42%, while VTMGX has yielded a comparatively higher 10.21% annualized return.

VTRIX

• 1D: 0.47%
• 1M: 5.30%
• YTD: 14.29%
• 6M: 17.15%
• 1Y: 31.62%
• 3Y*: 16.60%
• 5Y*: 7.74%
• 10Y*: 9.42%

VTMGX

• 1D: 0.30%
• 1M: 5.13%
• YTD: 15.59%
• 6M: 19.38%
• 1Y: 32.28%
• 3Y*: 20.10%
• 5Y*: 9.80%
• 10Y*: 10.21%

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

VTRIX vs. VTMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTRIX Vanguard International Value Fund	14.29%	29.87%	0.86%	16.13%	-11.67%	7.93%	8.96%	20.39%	-14.52%	27.98%
VTMGX Vanguard Developed Markets Index Fund Admiral Shares	15.59%	35.17%	3.03%	17.65%	-15.33%	11.39%	10.25%	22.04%	-14.48%	26.39%

Correlation

The correlation between VTRIX and VTMGX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 18, 1999	0.96

The correlation between VTRIX and VTMGX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

VTRIX vs. VTMGX - Sectors Allocation Comparison

Sectors	VTRIX	VTMGX
Financial Services	26.4%	23.3%
Technology	14.7%	13.8%
Consumer Cyclical	13.3%	7.5%
Industrials	13.3%	19.2%
Healthcare	9.0%	8.2%
Consumer Defensive	8.0%	5.6%
Basic Materials	6.3%	7.5%
Energy	4.6%	5.4%
Communication Services	2.6%	3.4%
Real Estate	1.5%	2.7%
Utilities	0.3%	3.3%

Return for Risk

VTRIX vs. VTMGX — Risk / Return Rank

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

VTRIX

VTRIX Risk / Return Rank: 58
VTRIX Sharpe Ratio Rank: 66
VTRIX Sortino Ratio Rank: 60
VTRIX Omega Ratio Rank: 59
VTRIX Calmar Ratio Rank: 54
VTRIX Martin Ratio Rank: 51

VTMGX

VTMGX Risk / Return Rank: 55
VTMGX Sharpe Ratio Rank: 57
VTMGX Sortino Ratio Rank: 52
VTMGX Omega Ratio Rank: 53
VTMGX Calmar Ratio Rank: 57
VTMGX Martin Ratio Rank: 56

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.

VTRIX vs. VTMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International Value Fund (VTRIX) and Vanguard Developed Markets Index Fund Admiral Shares (VTMGX). 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.

	VTRIX	VTMGX	Difference
Sharpe ratio Return per unit of total volatility	2.38	2.24	+0.13
Sortino ratio Return per unit of downside risk	3.26	3.04	+0.22
Omega ratio Gain probability vs. loss probability	1.43	1.40	+0.02
Calmar ratio Return relative to maximum drawdown	2.83	2.92	-0.09
Martin ratio Return relative to average drawdown	10.53	11.33	-0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTRIX vs. VTMGX - Sharpe Ratio Comparison

The current VTRIX Sharpe Ratio is 2.38, which is comparable to the VTMGX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of VTRIX and VTMGX, 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

	VTRIX	VTMGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	2.24	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.62	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.62	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.31	+0.05

Drawdowns

VTRIX vs. VTMGX - Drawdown Comparison

The maximum VTRIX drawdown since its inception was -59.39%, roughly equal to the maximum VTMGX drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for VTRIX and VTMGX.

Drawdown Indicators

	VTRIX	VTMGX	Difference
Max Drawdown Largest peak-to-trough decline	-59.39%	-60.58%	+1.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	-11.67%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-16.78%	-13.18%	-3.60%
Max Drawdown (5Y) Largest decline over 5 years	-28.13%	-29.71%	+1.58%
Max Drawdown (10Y) Largest decline over 10 years	-38.26%	-35.68%	-2.58%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.88%	-14.66%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.01%	+0.05%

Volatility

VTRIX vs. VTMGX - Volatility Comparison

The current volatility for Vanguard International Value Fund (VTRIX) is 4.20%, while Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) has a volatility of 5.01%. This indicates that VTRIX experiences smaller price fluctuations and is considered to be less risky than VTMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTRIX	VTMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	5.01%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	12.54%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	15.14%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	15.87%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.56%	16.54%	+0.02%

VTRIX vs. VTMGX - Expense Ratio Comparison

VTRIX has a 0.36% expense ratio, which is higher than VTMGX's 0.07% expense ratio.

Dividends

VTRIX vs. VTMGX - Dividend Comparison

VTRIX's dividend yield for the trailing twelve months is around 15.83%, more than VTMGX's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTMGX Vanguard Developed Markets Index Fund Admiral Shares	2.59%	3.20%	3.34%	3.14%	2.88%	3.14%	2.02%	3.03%	3.33%	2.77%	3.06%	2.91%
VTRIX Vanguard International Value Fund	15.83%	18.10%	8.53%	2.78%	2.75%	4.35%	1.58%	2.96%	6.24%	1.86%	2.29%	2.13%

Frequently Asked Questions

Can I hold both VTRIX and VTMGX in my portfolio?

With a correlation of 0.92, VTRIX and VTMGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VTRIX or VTMGX?

VTMGX has higher volatility (5.01%) compared to VTRIX (4.20%). In terms of maximum drawdown, VTRIX dropped -59.39% vs VTMGX's -60.58%.

Which has better risk-adjusted returns?

VTRIX currently has the higher Sharpe Ratio (2.38 vs 2.24), 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.