Code: Select all
2010 2011 2012 YTD
VSS 25.60 -19.63 20.73 3.82
Category 21.20 -17.42 16.99 5.46
boggler wrote:GICAX has recently outperformed the Vanguard International Small Cap fund by quite a bit. Typically, I believe in market efficiency and that low cost, passive indexing will beat active management. However, for less frequently traded, potentially inefficient international markets, I'm not sure that this works as well, and this perhaps explains the outperformance of the active fund. Do you think this valid?
baw703916 wrote:Since GICAX is categorized as a developed markets small/mid value fund, here's a chart comparing its three year performance to two passive funds in that category (DLS and DISVX), as well as to VSS.
GICAX has outperformed over the three-year period, but not by nearly as much. Over the last year GICAX has underperformed both DLS and DISVX. In comparison, VSS has suffered compared to the developed small/mid value funds by including EM, and by not having a value tilt. That won't always be the case going forward...
boggler wrote:Do these charts show performance net or gross of fees?