PortfoliosLab logo
Vanguard Tax-Managed Capital Appreciation Fund Adm...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US9219438663

CUSIP

921943866

Issuer

Blackrock

Inception Date

Sep 6, 1994

Region

North America (U.S.)

Min. Investment

$10,000

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

VTCLX has an expense ratio of 0.09%, which is considered low.


Share Price Chart


Loading data...

Compare to other instruments

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


Performance

Performance Chart

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


300.00%400.00%500.00%600.00%700.00%800.00%December2025FebruaryMarchAprilMay
730.90%
403.54%
VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares)
Benchmark (^GSPC)

Returns By Period

Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) returned -3.89% year-to-date (YTD) and 9.37% over the past 12 months. Over the past 10 years, VTCLX delivered an annualized return of 12.11%, outperforming the S&P 500 benchmark at 10.31%.


VTCLX

YTD

-3.89%

1M

11.52%

6M

-4.56%

1Y

9.37%

5Y*

15.47%

10Y*

12.11%

^GSPC (Benchmark)

YTD

-4.26%

1M

11.24%

6M

-5.02%

1Y

8.55%

5Y*

14.02%

10Y*

10.31%

*Annualized

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20253.15%-1.82%-5.72%-0.54%1.20%-3.89%
20241.39%5.44%3.20%-4.39%4.74%3.23%1.35%2.31%2.03%-0.87%6.50%-2.84%23.76%
20236.78%-2.38%3.19%1.25%0.52%6.71%3.37%-1.63%-4.75%-2.45%9.37%4.89%26.62%
2022-5.76%-2.70%3.32%-8.89%-0.06%-8.32%9.48%-3.97%-9.18%7.96%5.48%-5.88%-19.07%
2021-0.93%3.03%3.84%5.41%0.46%2.50%2.15%2.79%-4.60%6.95%-1.24%4.20%26.88%
20200.16%-8.04%-13.10%13.11%5.40%2.07%5.89%7.37%-3.75%-2.52%11.76%4.28%21.08%
20198.29%3.56%1.66%4.15%-6.33%7.03%1.59%-1.70%1.62%1.98%3.76%2.83%31.47%
20185.51%-3.62%-2.18%0.39%2.31%0.56%3.36%3.46%0.36%-7.15%2.10%-9.09%-4.98%
20172.11%3.83%0.15%1.12%1.42%0.65%2.09%0.44%2.15%2.30%3.14%1.05%22.40%
2016-5.63%-0.12%7.03%0.51%2.03%-0.08%3.80%0.18%0.03%-1.86%4.16%1.91%12.01%
2015-2.75%6.05%-1.18%0.78%1.43%-1.74%1.82%-5.91%-2.77%8.15%0.41%-1.83%1.66%
2014-3.22%4.93%0.58%0.42%2.28%2.25%-1.74%4.05%-1.85%2.34%2.51%-0.34%12.53%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of VTCLX is 54, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of VTCLX is 5454
Overall Rank
The Sharpe Ratio Rank of VTCLX is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of VTCLX is 5252
Sortino Ratio Rank
The Omega Ratio Rank of VTCLX is 5353
Omega Ratio Rank
The Calmar Ratio Rank of VTCLX is 6262
Calmar Ratio Rank
The Martin Ratio Rank of VTCLX is 5555
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 Admiral Shares (VTCLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The current Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares Sharpe ratio is 0.55. 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 Admiral 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 Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.48
0.44
VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares provided a 1.11% dividend yield over the last twelve months, with an annual payout of $3.21 per share. The fund has been increasing its distributions for 3 consecutive years.


1.00%1.20%1.40%1.60%1.80%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$3.21$3.15$3.07$2.91$2.58$2.61$2.52$2.35$2.16$2.01$1.75$1.62

Dividend yield

1.11%1.04%1.24%1.47%1.04%1.32%1.52%1.83%1.57%1.76%1.69%1.56%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.85$0.00$0.00$0.85
2024$0.00$0.00$0.79$0.00$0.00$0.82$0.00$0.00$0.74$0.00$0.00$0.81$3.15
2023$0.00$0.00$0.72$0.00$0.00$0.73$0.00$0.00$0.71$0.00$0.00$0.91$3.07
2022$0.00$0.00$0.66$0.00$0.00$0.73$0.00$0.00$0.69$0.00$0.00$0.83$2.91
2021$0.00$0.00$0.60$0.00$0.00$0.64$0.00$0.00$0.61$0.00$0.00$0.73$2.58
2020$0.00$0.00$0.70$0.00$0.00$0.59$0.00$0.00$0.63$0.00$0.00$0.69$2.61
2019$0.00$0.00$0.63$0.00$0.00$0.56$0.00$0.00$0.57$0.00$0.00$0.76$2.52
2018$0.00$0.00$0.52$0.00$0.00$0.57$0.00$0.00$0.63$0.00$0.00$0.64$2.35
2017$0.00$0.00$0.51$0.00$0.00$0.47$0.00$0.00$0.59$0.00$0.00$0.59$2.16
2016$0.00$0.00$0.49$0.00$0.00$0.42$0.00$0.00$0.48$0.00$0.00$0.62$2.01
2015$0.00$0.00$0.02$0.00$0.00$0.00$0.00$0.00$1.24$0.00$0.00$0.50$1.75
2014$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.61$1.62

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-8.22%
-8.35%
VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard Tax-Managed Capital Appreciation Fund Admiral 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 Admiral Shares was 55.18%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.

The current Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares drawdown is 8.22%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-55.18%Oct 10, 2007354Mar 9, 2009760Mar 13, 20121114
-34.82%Jan 7, 2002191Oct 9, 2002312Jan 7, 2004503
-34.56%Feb 20, 202023Mar 23, 202095Aug 6, 2020118
-24.98%Jan 4, 2022197Oct 14, 2022292Dec 13, 2023489
-19.65%Sep 21, 201865Dec 24, 201875Apr 12, 2019140

Volatility

Volatility Chart

The current Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares volatility is 11.42%, 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%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
11.42%
11.43%
VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares)
Benchmark (^GSPC)