VANGUARD TAX-MANAGED Competition

VTSIX Fund

USD 102.38 1.09 1.08%

The fund is listed under the Small Blend category and is part of the Vanguard family. Peers for Vanguard Tax Managed Small Cap include Vanguard Utilities, VANGUARD INTERNATIONAL, VANGUARD UTILITIES, IShares MSCI, and Vanguard Energy and others in the group. Return on equity for VANGUARD TAX-MANAGED looks different when stacked against the top and bottom of its peer set.

VANGUARD TAX-MANAGED and JP Morgan Correlation Summary

Minimal diversification benefit

Across the chosen horizon, VANGUARD TAX-MANAGED and JP Morgan show a correlation of 0.9 and fall into the Minimal diversification benefit bucket. A 0.9 reading means VANGUARD TAX-MANAGED and JP Morgan have substantial price overlap, limiting diversification benefit.

Moving together with VANGUARD Mutual Fund

0.91	VMIAX	Vanguard Materials Index	Pair Corr
0.71	VMLTX	Vanguard Limited Term	Pair Corr
0.86	VMMSX	Vanguard Emerging Markets	Pair Corr

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The mean reversion principle applied to VANGUARD TAX-MANAGED's suggests that neither prolonged outperformance nor underperformance is permanent. Identifying the root cause of VANGUARD TAX-MANAGED's price dislocation is essential before acting on a mean reversion signal. The mean reversion tendency in VANGUARD TAX-MANAGED's price is a well-documented phenomenon in academic research. In many cases, VANGUARD TAX-MANAGED's price extremes present statistical patterns that have recurred historically.

Hype

Prediction

Low	Estimated	High
100.18	101.30	102.42

Details

Intrinsic

Valuation

Low	Real	High
91.16	102.85	103.97

Details

No single-company analysis of Vanguard Tax Managed is complete without peer benchmarking. A company that looks attractive in isolation may be significantly outperformed by competitors. Standalone analysis captures VANGUARD TAX-MANAGED's individual story, but peers reveal if it is truly exceptional. Disciplined peer analysis separates conviction-grade insights from superficial VANGUARD TAX-MANAGED observations.

VANGUARD TAX-MANAGED Competition Correlation Matrix

Studying peer correlation around Vanguard Tax Managed Small Cap gives investors a cleaner read on how much independent price behavior still exists across the competitive set. The business currently sits in the Small Blend sector and the Large industry. In practical terms, lower correlation may offer better diversification while higher correlation may leave the portfolio more exposed to one shared driver.

	VPU	VIAAX	VUIAX	EZU	VDE	DFAX	VIGI	VENAX	SDVY	JIRE
VPU		0.05	1.0	0.04	0.84	0.61	0.13	0.85	0.44	0.44	VPU
VIAAX	0.05		0.06	0.95	-0.15	0.71	0.93	-0.14	0.79	0.87	VIAAX
VUIAX	1.0	0.06		0.04	0.84	0.62	0.13	0.84	0.44	0.44	VUIAX
EZU	0.04	0.95	0.04		-0.08	0.77	0.88	-0.07	0.8	0.9	EZU
VDE	0.84	-0.15	0.84	-0.08		0.57	-0.1	1.0	0.4	0.33	VDE
DFAX	0.61	0.71	0.62	0.77	0.57		0.7	0.57	0.92	0.96	DFAX
VIGI	0.13	0.93	0.13	0.88	-0.1	0.7		-0.1	0.77	0.83	VIGI
VENAX	0.85	-0.14	0.84	-0.07	1.0	0.57	-0.1		0.4	0.33	VENAX
SDVY	0.44	0.79	0.44	0.8	0.4	0.92	0.77	0.4		0.94	SDVY
JIRE	0.44	0.87	0.44	0.9	0.33	0.96	0.83	0.33	0.94		JIRE
	VPU	VIAAX	VUIAX	EZU	VDE	DFAX	VIGI	VENAX	SDVY	JIRE

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High positive correlations

VUIAX	+ 1.0	VPU
VENAX	+ 1.0	VDE
JIRE	+ 0.96	DFAX
EZU	+ 0.95	VIAAX
JIRE	+ 0.94	SDVY
VIGI	+ 0.93	VIAAX

High negative correlations

VDE	- 0.15	VIAAX
VENAX	- 0.14	VIAAX
VENAX	- 0.1	VIGI
VIGI	- 0.1	VDE
VDE	- 0.08	EZU
VENAX	- 0.07	EZU

Risk-Adjusted Indicators

Strong recent returns in VANGUARD Mutual Fund do not always mean VANGUARD TAX-MANAGED Mutual Fund is outperforming peers on business quality. Without risk-adjusted context, investors may overweight short-term returns and underweight the volatility required to achieve them. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VPU	0.75	0.11	0.13	0.41	1.08	-0.74	1.47	-1.47	6.64
VIAAX	0.69	0.00	0.00	-0.06	0.00	0.00	1.36	-1.56	4.59
VUIAX	0.75	0.10	0.12	0.35	1.07	-0.73	1.49	-1.48	6.71
EZU	0.84	0.02	0.00	-0.04	0.00	0.00	1.57	-2.10	5.36
VDE	1.00	0.51	0.51	2.33	0.46	-1.19	2.57	-1.42	5.10
DFAX	0.79	0.13	0.09	0.07	1.25	-0.71	1.64	-1.92	5.72
VIGI	0.68	-0.06	0.00	0.36	0.00	0.00	1.32	-1.74	4.41
VENAX	0.99	0.50	0.50	2.28	0.46	-1.15	2.52	-1.41	5.11
SDVY	0.73	0.09	0.09	0.03	0.90	-0.79	1.89	-1.43	4.47
JIRE	0.79	0.07	0.05	0.01	1.35	-0.68	1.61	-2.04	5.60

VANGUARD TAX-MANAGED Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	VTSIX	VPU	VIAAX	VUIAX	EZU	VDE	DFAX	VIGI	VENAX	SDVY
	1.08 102.38 VANGUARD	0.30 195.48 Vanguard	1.18 42.84 VANGUARD	0.31 98.06 VANGUARD	1.22 62.28 IShares	0.40 171.44 Vanguard	1.58 34.00 Dimensional	0.64 87.93 Vanguard	0.38 85.66 VANGUARD	0.63 39.94 First
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Weak	Moderate	Weak	Contained	Weak	Robust	Soft	Weak	Robust	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Fair	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Over Valued	Under Valued	Under Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Buy	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Strong Buy	Strong Buy	Strong Sell	Strong Buy	Buy
Net Asset	7.18 B	7.04 B	9.61 B	3.67 B	4.39 B	11.02 B	4.17 B	3.59 B	4.99 B	819.62 M
Minimum Initial Investment	5 M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Price To Book	2.17	1.69	2.66	1.76	1.39	1.67	N/A	2.53	1.7	N/A
Five Year Return	3.5	10.4	3.8	11.62	8.3	23.8	8.3	3.7	22.27	9.4
One Year Return	18.72	15.5	3.09	21.8	12.4	33.7	25.8	2.9	35.32	18.7
Last Dividend Paid	0.04	1.19	N/A	N/A	0.17	0.92	N/A	0.3	0.03	0.088
Price To Earning	21.0	17.2	20.2	8.15	6.18	10.68	N/A	19.56	5.29	N/A
Beta	N/A	0.73	N/A	N/A	1.12	0.52	0.98	0.84	N/A	1.18
Price To Sales	1.07	1.67	2.02	1.74	0.87	1.4	N/A	2.02	1.42	N/A
Cash Position Weight	0.03	N/A	0.52	0.87	N/A	N/A	N/A	N/A	1.49	N/A
Equity Positions Weight	99.97	99.13	99.48	99.13	99.75	99.46	99.98	99.48	98.51	99.39
Three Year Return	11.96	12.9	9.06	15.24	15.3	19.4	17.5	9.0	18.45	17.4
Annual Yield	0.0121	N/A	0.0199	0.0245	N/A	N/A	N/A	N/A	0.0248	N/A
Year To Date Return	3.28	N/A	5.43	9.82	N/A	N/A	N/A	N/A	29.6	N/A
Ten Year Return	10.05	9.5	N/A	11.75	8.5	10.3	9.1	7.3	-1.58	N/A
Day Typical Price	102.38	195.99	42.84	98.06	62.1	171.43	33.87	87.98	85.66	39.9
Accumulation Distribution	N/A	2594.17	N/A	N/A	0.0154	5961.84	19290.64	5165.72	N/A	32671.95
Market Facilitation Index	N/A	0.0	N/A	N/A	0.96	0.0	0.0	0.0	N/A	N/A
Daily Balance Of Power	N/A	0.343	N/A	N/A	0.7813	-0.37	0.791	0.6364	N/A	0.3521
Period Momentum Indicator	1.09	0.59	0.5	0.3	0.75	-0.68	0.53	0.56	-0.33	0.25
Rate Of Daily Change	1.01	1.0	1.01	1.0	1.01	1.0	1.02	1.01	1.0	1.01
Day Median Price	102.38	196.24	42.84	98.06	62.01	171.42	33.81	88.0	85.66	39.89
Price Action Indicator	0.54	-0.47	0.25	0.15	0.64	-0.32	0.46	0.21	-0.16	0.18
Coefficient Of Variation	4058.74	993.68	-2,326	1108.31	-3,925	248.33	1404.48	-1,970	250.34	2611.57
Mean Deviation	0.8211	0.7549	0.6861	0.7536	0.8399	0.9967	0.7912	0.6811	0.9856	0.7282
Jensen Alpha	0.0901	0.106	0.002	0.0965	0.0216	0.5071	0.1262	-0.06	0.4983	0.0917
Total Risk Alpha	0.0998	0.1702	0.0212	0.1603	0.0502	0.5907	0.1525	0.0139	0.5809	0.102
Sortino Ratio	0.0704	0.1304	N/A	0.1211	N/A	0.5082	0.0904	N/A	0.5007	0.095
Downside Variance	1.29	1.42	N/A	1.43	N/A	1.2	2.11	N/A	1.2	0.9078
Standard Deviation	1.07	1.01	0.9	1.01	1.15	1.25	1.09	0.8907	1.24	0.9666
Kurtosis	0.1694	3.42	0.6405	3.52	1.58	-0.38	1.78	0.5792	-0.33	0.0864
Potential Upside	1.52	1.47	1.36	1.49	1.57	2.57	1.64	1.32	2.52	1.89
Treynor Ratio	0.0142	0.409	-0.06	0.3472	-0.04	2.33	0.0736	0.3625	2.28	0.0265
Maximum Drawdown	5.02	6.64	4.59	6.71	5.36	5.1	5.72	4.41	5.11	4.47
Variance	1.15	1.02	0.8099	1.03	1.33	1.56	1.19	0.7934	1.53	0.9343
Market Risk Adjusted Performance	0.0242	0.419	-0.05	0.3572	-0.03	2.34	0.0836	0.3725	2.29	0.0365
Risk Adjusted Performance	0.0225	0.0842	-0.03	0.0758	-0.02	0.3329	0.0608	-0.04	0.3302	0.0329
Skewness	-0.0042	-1.02	-0.40	-1.00	-0.75	0.0337	-0.90	-0.34	0.0223	0.1257
Semi Deviation	1.09	1.08	N/A	1.07	N/A	0.4633	1.25	N/A	0.4568	0.9026
Information Ratio	0.0744	0.1535	0.0164	0.1429	0.0209	0.4455	0.1202	0.0093	0.4426	0.0936
Value At Risk	-1.83	-1.47	-1.56	-1.48	-2.10	-1.42	-1.92	-1.74	-1.41	-1.43
Expected Short fall	-0.80	-0.74	N/A	-0.73	N/A	-1.19	-0.71	N/A	-1.15	-0.79
Downside Deviation	1.14	1.19	N/A	1.2	N/A	1.1	1.45	N/A	1.1	0.9528
Semi Variance	1.18	1.16	N/A	1.14	N/A	0.2146	1.56	N/A	0.2086	0.8146

VANGUARD TAX-MANAGED Competition Peer Performance Charts

How to Analyze VANGUARD TAX-MANAGED Against Peers

VANGUARD TAX-MANAGED's peer analysis compares VANGUARD TAX-MANAGED with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether VANGUARD TAX-MANAGED trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where VANGUARD TAX-MANAGED leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

Analyst consensus for VANGUARD TAX-MANAGED shows a wider price target range than peers, reflecting higher uncertainty about fair value. All figures are based on reported data and are informational in nature. Relative analysis can highlight whether current pricing already reflects peer-group strengths or weaknesses.

Reported values for Vanguard Tax Managed Small Cap are derived from fund disclosures and market reference feeds and then standardized for analysis. Refresh timing depends on source availability.

This content is curated and reviewed by:

Michael Smolkin - Member of Macroaxis Board of Directors

Last reviewed on March 19th, 2026

Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions

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