VTSIX vs. VTI
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) and Vanguard Total Stock Market ETF (VTI).
VTSIX is managed by Blackrock. It was launched on Apr 21, 1999. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTSIX or VTI.
Key characteristics
| VTSIX | VTI | |
|---|---|---|
| YTD Return | 15.13% | 26.15% |
| 1Y Return | 29.50% | 35.28% |
| 3Y Return (Ann) | 2.66% | 8.67% |
| 5Y Return (Ann) | 10.56% | 15.15% |
| 10Y Return (Ann) | 9.88% | 12.89% |
| Sharpe Ratio | 1.77 | 3.04 |
| Sortino Ratio | 2.63 | 4.05 |
| Omega Ratio | 1.31 | 1.57 |
| Calmar Ratio | 2.02 | 4.47 |
| Martin Ratio | 10.51 | 19.73 |
| Ulcer Index | 3.48% | 1.94% |
| Daily Std Dev | 20.73% | 12.58% |
| Max Drawdown | -57.82% | -55.45% |
| Current Drawdown | -2.34% | -0.44% |
Correlation
The correlation between VTSIX and VTI is 0.88, 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.
Performance
VTSIX vs. VTI - Performance Comparison
In the year-to-date period, VTSIX achieves a 15.13% return, which is significantly lower than VTI's 26.15% return. Over the past 10 years, VTSIX has underperformed VTI with an annualized return of 9.88%, while VTI has yielded a comparatively higher 12.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VTSIX vs. VTI - Expense Ratio Comparison
VTSIX has a 0.06% expense ratio, which is higher than VTI's 0.03% 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%.
Risk-Adjusted Performance
VTSIX vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) and Vanguard Total Stock Market ETF (VTI). 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.
Dividends
VTSIX vs. VTI - Dividend Comparison
VTSIX's dividend yield for the trailing twelve months is around 1.49%, more than VTI's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 1.49% | 1.52% | 1.54% | 1.19% | 1.11% | 1.17% | 1.29% | 1.13% | 1.03% | 1.30% | 1.03% | 0.95% |
VTI Vanguard Total Stock Market ETF | 1.26% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
VTSIX vs. VTI - Drawdown Comparison
The maximum VTSIX drawdown since its inception was -57.82%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VTSIX and VTI. For additional features, visit the drawdowns tool.
Volatility
VTSIX vs. VTI - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) has a higher volatility of 7.65% compared to Vanguard Total Stock Market ETF (VTI) at 3.97%. This indicates that VTSIX's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.