TMSL vs VTEC
Comparison between T. ROWE PRICE SMALL-MID CAP ETF (TMSL, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).
TMSL vs VTEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TMSL
$2.70B
Winner
VTEC
$2.80B
Expense Ratio
TMSL
0.55%
Winner
VTEC
0.06%
Max Drawdown
TMSL
24.72%
Winner
VTEC
5.70%
Sharpe Ratio
Winner
TMSL
1.30
VTEC
0.95
5Y Beta
TMSL
1.06
Winner
VTEC
0.04
P/E Ratio
TMSL
33.73
VTEC
N/A
Forward P/E
TMSL
15.92
VTEC
N/A
5Y EPS CAGR
TMSL
11.74%
VTEC
N/A
Debt to Equity
TMSL
52.38%
VTEC
N/A
P/S Ratio
TMSL
1.60
VTEC
N/A
P/B Ratio
TMSL
3.02
VTEC
N/A
TMSL vs VTEC - Historical Returns
Returns include dividend reinvestment.
1M
TMSL
-0.63%
Winner
VTEC
+0.21%
3M
Winner
TMSL
+8.10%
VTEC
+0.74%
6M
Winner
TMSL
+13.01%
VTEC
+0.65%
1Y
Winner
TMSL
+29.06%
VTEC
+6.29%
Max(CAGR)
Winner
TMSL
+19.26%
VTEC
+2.73%
TMSL vs VTEC - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | TMSL | VTEC |
|---|---|---|
| 2026 | +17.54% | +1.27% |
| 2025 | +12.04% | +3.86% |
| 2024 | +16.39% | +1.42% |
| 2023 | +11.22% | N/A |
TMSL vs VTEC Drawdown Comparison
The maximum drawdown for TMSL was -24.39%, occurring on Apr 8, 2025. Recovery took 193 trading sessions.
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The current TMSL drawdown is -2.33%. The current VTEC drawdown is -0.49%.
| Rank | TMSL | VTEC |
|---|---|---|
| #1 | -24.39% Nov 25, 2024 - Sep 5, 2025 | -4.50% Dec 2, 2024 - Sep 8, 2025 |
| #2 | -13.22% Jul 31, 2023 - Dec 13, 2023 | -2.85% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -11.19% Feb 26, 2026 - Apr 17, 2026 | -2.43% Feb 1, 2024 - Aug 1, 2024 |
| #4 | -8.33% Jul 16, 2024 - Sep 19, 2024 | -2.13% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -7.68% Mar 28, 2024 - Jul 15, 2024 | -0.79% Aug 6, 2024 - Sep 5, 2024 |
| #6 | -6.69% Oct 27, 2025 - Nov 28, 2025 | -0.47% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -4.05% May 6, 2026 - May 26, 2026 | -0.44% Nov 26, 2025 - Dec 24, 2025 |
| #8 | -4.03% Sep 18, 2025 - Oct 23, 2025 | -0.42% Nov 11, 2025 - Nov 26, 2025 |
| #9 | -3.76% Nov 11, 2024 - Nov 22, 2024 | -0.34% Oct 29, 2025 - Nov 11, 2025 |
| #10 | -3.71% May 26, 2026 - Jun 12, 2026 | -0.31% Jan 14, 2026 - Jan 30, 2026 |
| #11 | -3.27% Dec 27, 2023 - Jan 22, 2024 | -0.16% Sep 27, 2024 - Oct 1, 2024 |
| #12 | -3.18% Dec 11, 2025 - Jan 6, 2026 | -0.12% Sep 10, 2024 - Sep 13, 2024 |
| #13 | -2.93% Oct 17, 2024 - Nov 6, 2024 | -0.11% Sep 17, 2024 - Sep 26, 2024 |
| #14 | -2.90% Jun 30, 2026 - Jul 8, 2026 | -0.10% Sep 8, 2025 - Sep 10, 2025 |
| #15 | -2.59% Apr 20, 2026 - May 5, 2026 | -0.09% Sep 11, 2025 - Sep 15, 2025 |
Correlation
Correlation between TMSL and VTEC is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2023 - 2026)
TMSL vs VTEC dividend yield comparison.
| Year | TMSL | VTEC |
|---|---|---|
| 2026 | 0.00% | 1.55% |
| 2025 | 0.57% | 3.13% |
| 2024 | 0.44% | 2.54% |
| 2023 | 0.34% | 0.00% |
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