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Vanguard Tax-Managed Capital Appreciation Fund Ins...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US9219436014

CUSIP

921943601

Issuer

Blackrock

Inception Date

Feb 24, 1999

Region

North America (U.S.)

Min. Investment

$5,000,000

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
VTCIX vs. VMGAX VTCIX vs. TWCUX VTCIX vs. VOO VTCIX vs. VTSAX VTCIX vs. VHYAX VTCIX vs. PRWCX VTCIX vs. FSPGX VTCIX vs. VFIAX VTCIX vs. VTI VTCIX vs. VRGWX
Popular comparisons:
VTCIX vs. VMGAX VTCIX vs. TWCUX VTCIX vs. VOO VTCIX vs. VTSAX VTCIX vs. VHYAX VTCIX vs. PRWCX VTCIX vs. FSPGX VTCIX vs. VFIAX VTCIX vs. VTI VTCIX vs. VRGWX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
12.92%
12.14%
VTCIX (Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares)
Benchmark (^GSPC)

Returns By Period

Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares had a return of 25.47% year-to-date (YTD) and 32.12% in the last 12 months. Over the past 10 years, Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares had an annualized return of 13.14%, outperforming the S&P 500 benchmark which had an annualized return of 11.16%.


VTCIX

YTD

25.47%

1M

2.38%

6M

13.73%

1Y

32.12%

5Y (annualized)

15.54%

10Y (annualized)

13.14%

^GSPC (Benchmark)

YTD

24.72%

1M

1.67%

6M

12.93%

1Y

30.55%

5Y (annualized)

13.88%

10Y (annualized)

11.16%

Monthly Returns

The table below presents the monthly returns of VTCIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20241.40%5.44%3.21%-4.39%4.75%3.23%1.35%2.31%2.03%-0.87%25.47%
20236.79%-2.38%3.19%1.25%0.52%6.71%3.37%-1.62%-4.74%-2.44%9.37%4.89%26.65%
2022-5.76%-2.70%3.32%-8.89%-0.06%-8.32%9.47%-3.96%-9.18%7.96%5.48%-5.88%-19.05%
2021-0.93%3.03%3.85%5.42%0.47%2.50%2.15%2.80%-4.60%6.96%-1.24%4.22%26.92%
20200.16%-8.04%-13.09%13.10%5.40%2.08%5.88%7.37%-3.74%-2.54%11.77%4.28%21.09%
20198.30%3.56%1.66%4.15%-6.33%7.05%1.58%-1.69%1.62%2.00%3.76%2.84%31.51%
20185.51%-3.63%-2.17%0.38%2.31%0.56%3.36%3.46%0.36%-7.14%2.10%-9.09%-4.95%
20172.12%3.82%0.15%1.13%1.42%0.64%2.09%0.44%2.15%2.30%3.15%1.06%22.44%
2016-5.61%-0.14%7.05%0.50%2.04%-0.09%3.81%0.18%0.05%-1.86%4.15%1.92%12.06%
2015-2.75%6.06%-1.17%0.78%1.43%-1.75%1.84%-5.91%-2.78%8.17%0.40%-1.82%1.69%
2014-3.22%4.93%0.58%0.42%2.28%2.25%-1.74%4.06%-1.84%2.35%2.50%-0.33%12.57%
20135.35%1.29%3.89%1.58%2.49%-1.32%5.39%-2.76%3.66%4.40%3.00%2.80%33.74%

Expense Ratio

VTCIX has an expense ratio of 0.06%, which is considered low compared to other funds.


Expense ratio chart for VTCIX: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of VTCIX is 85, placing it in the top 15% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of VTCIX is 8585
Combined Rank
The Sharpe Ratio Rank of VTCIX is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of VTCIX is 8080
Sortino Ratio Rank
The Omega Ratio Rank of VTCIX is 8181
Omega Ratio Rank
The Calmar Ratio Rank of VTCIX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of VTCIX is 8686
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for VTCIX, currently valued at 2.63, compared to the broader market-1.000.001.002.003.004.005.002.632.54
The chart of Sortino ratio for VTCIX, currently valued at 3.50, compared to the broader market0.005.0010.003.503.40
The chart of Omega ratio for VTCIX, currently valued at 1.49, compared to the broader market1.002.003.004.001.491.47
The chart of Calmar ratio for VTCIX, currently valued at 3.81, compared to the broader market0.005.0010.0015.0020.0025.003.823.66
The chart of Martin ratio for VTCIX, currently valued at 16.73, compared to the broader market0.0020.0040.0060.0080.00100.0016.7316.26
VTCIX
^GSPC

The current Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares Sharpe ratio is 2.63. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.63
2.54
VTCIX (Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares provided a 1.09% dividend yield over the last twelve months, with an annual payout of $1.66 per share. The fund has been increasing its distributions for 2 consecutive years.


1.00%1.20%1.40%1.60%1.80%$0.00$0.50$1.00$1.5020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$1.66$1.56$1.48$1.31$1.32$1.28$1.19$1.09$1.01$0.89$0.82$0.72

Dividend yield

1.09%1.27%1.50%1.07%1.34%1.55%1.87%1.60%1.79%1.73%1.59%1.55%

Monthly Dividends

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.40$0.00$0.00$0.42$0.00$0.00$0.38$0.00$0.00$1.20
2023$0.00$0.00$0.37$0.00$0.00$0.37$0.00$0.00$0.36$0.00$0.00$0.46$1.56
2022$0.00$0.00$0.34$0.00$0.00$0.37$0.00$0.00$0.35$0.00$0.00$0.42$1.48
2021$0.00$0.00$0.31$0.00$0.00$0.33$0.00$0.00$0.31$0.00$0.00$0.37$1.31
2020$0.00$0.00$0.36$0.00$0.00$0.30$0.00$0.00$0.32$0.00$0.00$0.35$1.32
2019$0.00$0.00$0.32$0.00$0.00$0.28$0.00$0.00$0.29$0.00$0.00$0.39$1.28
2018$0.00$0.00$0.26$0.00$0.00$0.29$0.00$0.00$0.32$0.00$0.00$0.32$1.19
2017$0.00$0.00$0.26$0.00$0.00$0.24$0.00$0.00$0.30$0.00$0.00$0.30$1.09
2016$0.00$0.00$0.25$0.00$0.00$0.21$0.00$0.00$0.24$0.00$0.00$0.31$1.01
2015$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.63$0.00$0.00$0.25$0.89
2014$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.82$0.82
2013$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.71$0.72

Drawdowns

Drawdowns Chart

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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.80%
-0.88%
VTCIX (Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares)
Benchmark (^GSPC)

Worst Drawdowns

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 current Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares drawdown is 0.80%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-55.17%Oct 10, 2007354Mar 9, 2009760Mar 13, 20121114
-54.13%Mar 27, 2000634Oct 9, 20021133Apr 16, 20071767
-34.56%Feb 20, 202023Mar 23, 202095Aug 6, 2020118
-24.96%Jan 4, 2022197Oct 14, 2022292Dec 13, 2023489
-19.65%Sep 21, 201865Dec 24, 201871Apr 8, 2019136

Volatility

Volatility Chart

The current Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares volatility is 4.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.11%
3.96%
VTCIX (Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares)
Benchmark (^GSPC)