I'm really confused about how TSM outperforms Windsor, when TSM is more expensive and pays out less in dividends and capital gains than Windsor.
Here are stats according to Vanguard: Please notice that Windsor is cheaper than TSM.
And here are the dividends and capital gains distributions over the last few years for both funds:
Total Stock Market
So for example, last year, here is what you would have received in distributions for each share owned:
$6.32 - per share of Windsor
$1.24 - per share of TSM
How is it that TSM outperforms Windsor? Given that:
- Windsor payouts far exceeded TSM
- The price for Windsor was a bit lower than TSM
- The reinvest prices for Windsor were always lower than TSM
Thank you for trying to help me understand!