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 Jun 27, 2016.
Performance
VTSIX vs. VTI - Performance Comparison
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VTSIX vs. VTI - 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% |
VTI Vanguard Total Stock Market ETF | -3.29% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
Returns By Period
In the year-to-date period, VTSIX achieves a 3.69% return, which is significantly higher than VTI's -3.29% return. Over the past 10 years, VTSIX has underperformed VTI with an annualized return of 9.87%, while VTI has yielded a comparatively higher 13.69% 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%
VTI
- 1D
- 0.76%
- 1M
- -4.38%
- YTD
- -3.29%
- 6M
- -1.26%
- 1Y
- 18.60%
- 3Y*
- 18.14%
- 5Y*
- 10.63%
- 10Y*
- 13.69%
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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%.
Return for Risk
VTSIX vs. VTI — Risk / Return Rank
VTSIX
VTI
VTSIX vs. VTI - 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 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.
| VTSIX | VTI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.98 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.52 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.54 | -0.11 |
Martin ratioReturn relative to average drawdown | 5.81 | 7.30 | -1.50 |
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 | VTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.98 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.61 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.75 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.48 | -0.05 |
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.
Dividends
VTSIX vs. VTI - Dividend Comparison
VTSIX's dividend yield for the trailing twelve months is around 1.32%, more than VTI's 1.17% 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% |
VTI Vanguard Total Stock Market ETF | 1.17% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Drawdowns
VTSIX vs. VTI - Drawdown Comparison
The maximum VTSIX drawdown since its inception was -57.81%, 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.
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Drawdown Indicators
| VTSIX | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.81% | -55.45% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -12.30% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -27.92% | -25.36% | -2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -43.86% | -35.00% | -8.86% |
Current DrawdownCurrent decline from peak | -5.68% | -5.54% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -8.08% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 2.60% | +1.06% |
Volatility
VTSIX vs. VTI - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) has a higher volatility of 6.25% compared to Vanguard Total Stock Market ETF (VTI) at 5.48%. 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.
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Volatility by Period
| VTSIX | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 5.48% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 9.75% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 19.02% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 17.41% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.11% | 18.29% | +4.82% |