VTSIX vs. VEU
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) and Vanguard FTSE All-World ex-US ETF (VEU).
VTSIX is managed by BlackRock. It was launched on Apr 21, 1999. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007.
Performance
VTSIX vs. VEU - Performance Comparison
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VTSIX vs. VEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 3.69% | 5.96% | 8.64% | 15.99% | -16.14% | 27.12% | 11.09% | 23.30% | -8.59% | 13.08% |
VEU Vanguard FTSE All-World ex-US ETF | 3.60% | 32.35% | 5.56% | 15.84% | -15.58% | 8.27% | 11.10% | 21.83% | -14.18% | 27.40% |
Returns By Period
The year-to-date returns for both stocks are quite close, with VTSIX having a 3.69% return and VEU slightly lower at 3.60%. Over the past 10 years, VTSIX has outperformed VEU with an annualized return of 9.87%, while VEU has yielded a comparatively lower 9.16% annualized return.
VTSIX
- 1D
- 2.79%
- 1M
- -4.67%
- YTD
- 3.69%
- 6M
- 5.15%
- 1Y
- 20.34%
- 3Y*
- 10.54%
- 5Y*
- 4.20%
- 10Y*
- 9.87%
VEU
- 1D
- 1.32%
- 1M
- -5.22%
- YTD
- 3.60%
- 6M
- 7.76%
- 1Y
- 28.98%
- 3Y*
- 16.19%
- 5Y*
- 7.74%
- 10Y*
- 9.16%
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VTSIX vs. VEU - Expense Ratio Comparison
VTSIX has a 0.06% expense ratio, which is lower than VEU's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VTSIX vs. VEU — Risk / Return Rank
VTSIX
VEU
VTSIX vs. VEU - 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 Vanguard FTSE All-World ex-US ETF (VEU). 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 | VEU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.69 | -0.77 |
Sortino ratioReturn per unit of downside risk | 1.42 | 2.32 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.57 | -1.14 |
Martin ratioReturn relative to average drawdown | 5.81 | 9.83 | -4.03 |
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 | VEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.69 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.49 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.54 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.23 | +0.20 |
Correlation
The correlation between VTSIX and VEU is 0.74, 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. VEU - Dividend Comparison
VTSIX's dividend yield for the trailing twelve months is around 1.32%, less than VEU's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 1.32% | 1.31% | 1.47% | 1.52% | 1.54% | 1.19% | 1.11% | 1.17% | 1.29% | 1.13% | 1.03% | 1.30% |
VEU Vanguard FTSE All-World ex-US ETF | 2.88% | 3.09% | 3.24% | 3.32% | 3.12% | 3.08% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% |
Drawdowns
VTSIX vs. VEU - Drawdown Comparison
The maximum VTSIX drawdown since its inception was -57.81%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for VTSIX and VEU.
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Drawdown Indicators
| VTSIX | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.81% | -61.52% | +3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -11.43% | -3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -27.92% | -29.31% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -43.86% | -34.98% | -8.88% |
Current DrawdownCurrent decline from peak | -5.68% | -7.36% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -13.23% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 2.99% | +0.67% |
Volatility
VTSIX vs. VEU - Volatility Comparison
The current volatility for Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) is 6.25%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 7.65%. This indicates that VTSIX experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTSIX | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 7.65% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 11.61% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 17.25% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 15.83% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.11% | 17.13% | +5.98% |