VTSIX vs. DFAT
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) and Dimensional U.S. Targeted Value ETF (DFAT).
VTSIX is managed by BlackRock. It was launched on Apr 21, 1999. DFAT is an actively managed fund by Dimensional. It was launched on Jun 14, 2021.
Performance
VTSIX vs. DFAT - Performance Comparison
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VTSIX vs. DFAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 0.88% | 5.96% | 8.64% | 15.99% | -16.14% | 2.02% |
DFAT Dimensional U.S. Targeted Value ETF | 5.24% | 8.73% | 7.80% | 20.86% | -6.23% | 5.08% |
Returns By Period
In the year-to-date period, VTSIX achieves a 0.88% return, which is significantly lower than DFAT's 5.24% return.
VTSIX
- 1D
- -0.72%
- 1M
- -6.66%
- YTD
- 0.88%
- 6M
- 2.55%
- 1Y
- 17.36%
- 3Y*
- 9.53%
- 5Y*
- 3.96%
- 10Y*
- 9.56%
DFAT
- 1D
- 2.01%
- 1M
- -3.73%
- YTD
- 5.24%
- 6M
- 8.08%
- 1Y
- 23.33%
- 3Y*
- 13.66%
- 5Y*
- —
- 10Y*
- —
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VTSIX vs. DFAT - Expense Ratio Comparison
VTSIX has a 0.06% expense ratio, which is lower than DFAT's 0.28% expense ratio.
Return for Risk
VTSIX vs. DFAT — Risk / Return Rank
VTSIX
DFAT
VTSIX vs. DFAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) and Dimensional U.S. Targeted Value ETF (DFAT). 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.
| VTSIX | DFAT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.05 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.57 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.60 | -0.56 |
Martin ratioReturn relative to average drawdown | 4.24 | 5.87 | -1.63 |
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
| VTSIX | DFAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.05 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.39 | +0.04 |
Correlation
The correlation between VTSIX and DFAT is 0.97, 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
VTSIX vs. DFAT - Dividend Comparison
VTSIX's dividend yield for the trailing twelve months is around 1.36%, less than DFAT's 1.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 1.36% | 1.31% | 1.47% | 1.52% | 1.54% | 1.19% | 1.11% | 1.17% | 1.29% | 1.13% | 1.03% | 1.30% |
DFAT Dimensional U.S. Targeted Value ETF | 1.56% | 1.55% | 1.31% | 1.34% | 1.34% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VTSIX vs. DFAT - Drawdown Comparison
The maximum VTSIX drawdown since its inception was -57.81%, which is greater than DFAT's maximum drawdown of -26.12%. Use the drawdown chart below to compare losses from any high point for VTSIX and DFAT.
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Drawdown Indicators
| VTSIX | DFAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.81% | -26.12% | -31.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -14.60% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -27.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.86% | — | — |
Current DrawdownCurrent decline from peak | -8.24% | -6.07% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -6.42% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.99% | -0.35% |
Volatility
VTSIX vs. DFAT - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) has a higher volatility of 5.51% compared to Dimensional U.S. Targeted Value ETF (DFAT) at 5.24%. This indicates that VTSIX's price experiences larger fluctuations and is considered to be riskier than DFAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTSIX | DFAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 5.24% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 12.13% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 22.40% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 21.72% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.09% | 21.72% | +1.37% |