Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX)

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Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is up 11.1% since the beginning of the year. VTCIX is currently trading at $194 per share. Investors who bought $1,000 worth of VTCIX shares 5 years ago would now be looking at an investment worth $1,871.

Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) has returned 11.08% so far this year and 28.82% over the past 12 months. Looking at the last ten years, VTCIX has achieved an annualized return of 15.47%, outperforming the S&P 500 Index benchmark, which averaged 13.75% per year.

Based on dividend-adjusted daily data since Feb 24, 1999, VTCIX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.1%, while the worst month was Oct 2008 at -17.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, VTCIX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.9%, while the worst single day was Mar 16, 2020 at -12.2%.

Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares has an annualized alpha of 2.06%, beta of 1.02, and R2 of 0.99 versus S&P 500 Index. Calculated based on daily prices since February 25, 1999.

• This fund captured 111.46% of S&P 500 Index gains and 100.58% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 2.06% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.02 and R2 of 0.99, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

VTCIX has an expense ratio of 0.06%, which is considered low.

VTCIX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and compare them to S&P 500 Index.

Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares provided a 0.87% dividend yield over the last twelve months, with an annual payout of $1.69 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares was 55.17%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.

The chart below shows the rolling one-month volatility.