VTSIX vs. WFSPX
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) and iShares S&P 500 Index Fund (WFSPX).
VTSIX is managed by BlackRock. It was launched on Apr 21, 1999. WFSPX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Jul 30, 1993.
Performance
VTSIX vs. WFSPX - Performance Comparison
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VTSIX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 0.88% | 5.96% | 8.64% | 15.99% | -16.14% | 27.12% | 11.09% | 23.30% | -8.59% | 13.08% |
WFSPX iShares S&P 500 Index Fund | -7.06% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Returns By Period
In the year-to-date period, VTSIX achieves a 0.88% return, which is significantly higher than WFSPX's -7.06% return. Over the past 10 years, VTSIX has underperformed WFSPX with an annualized return of 9.56%, while WFSPX has yielded a comparatively higher 13.63% annualized 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%
WFSPX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.06%
- 6M
- -4.63%
- 1Y
- 14.40%
- 3Y*
- 17.13%
- 5Y*
- 11.37%
- 10Y*
- 13.63%
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VTSIX vs. WFSPX - Expense Ratio Comparison
VTSIX has a 0.06% expense ratio, which is higher than WFSPX'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. WFSPX — Risk / Return Rank
VTSIX
WFSPX
VTSIX vs. WFSPX - 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 iShares S&P 500 Index Fund (WFSPX). 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 | WFSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.84 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.30 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.06 | -0.02 |
Martin ratioReturn relative to average drawdown | 4.24 | 5.13 | -0.89 |
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 | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.84 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.68 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.76 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.13 | +0.29 |
Correlation
The correlation between VTSIX and WFSPX is 0.83, 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. WFSPX - Dividend Comparison
VTSIX's dividend yield for the trailing twelve months is around 1.36%, less than WFSPX's 1.58% 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% |
WFSPX iShares S&P 500 Index Fund | 1.58% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Drawdowns
VTSIX vs. WFSPX - Drawdown Comparison
The maximum VTSIX drawdown since its inception was -57.81%, roughly equal to the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for VTSIX and WFSPX.
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Drawdown Indicators
| VTSIX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.81% | -58.21% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -12.11% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -27.92% | -24.51% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.86% | -33.74% | -10.12% |
Current DrawdownCurrent decline from peak | -8.24% | -8.90% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -12.84% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.49% | +1.15% |
Volatility
VTSIX vs. WFSPX - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) has a higher volatility of 5.51% compared to iShares S&P 500 Index Fund (WFSPX) at 4.24%. This indicates that VTSIX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTSIX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 4.24% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 9.08% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 18.06% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 16.84% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.09% | 17.98% | +5.11% |