BACAX vs. VTCLX
BACAX (BlackRock Energy Opportunities Fund) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - BACAX is a Energy Equities fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, BACAX returned 8.62%/yr vs 15.47%/yr for VTCLX. A 0.60 correlation means they provide meaningful diversification when combined. BACAX charges 1.32%/yr vs 0.09%/yr for VTCLX.
Performance
BACAX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, BACAX achieves a 28.98% return, which is significantly higher than VTCLX's 11.31% return. Over the past 10 years, BACAX has underperformed VTCLX with an annualized return of 8.62%, while VTCLX has yielded a comparatively higher 15.47% annualized return.
BACAX
- 1D
- 1.35%
- 1M
- -2.76%
- YTD
- 28.98%
- 6M
- 27.65%
- 1Y
- 41.36%
- 3Y*
- 17.11%
- 5Y*
- 18.44%
- 10Y*
- 8.62%
VTCLX
- 1D
- 0.22%
- 1M
- 5.61%
- YTD
- 11.31%
- 6M
- 11.26%
- 1Y
- 28.29%
- 3Y*
- 22.21%
- 5Y*
- 13.46%
- 10Y*
- 15.47%
BACAX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 28.98% | 10.53% | 3.78% | 2.61% | 43.02% | 42.93% | -29.68% | 12.64% | -19.98% | 2.07% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 11.31% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between BACAX and VTCLX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2005 | 0.60 |
The correlation between BACAX and VTCLX shifts across timeframes, from -0.06 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BACAX vs. VTCLX — Risk / Return Rank
BACAX
VTCLX
BACAX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACAX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BACAX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 3.32 | +1.37 |
| Martin ratioReturn relative to average drawdown | 13.98 | 15.43 | -1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BACAX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.43 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.79 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.85 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.53 | -0.35 |
Drawdowns
BACAX vs. VTCLX - Drawdown Comparison
The maximum BACAX drawdown since its inception was -78.88%, which is greater than VTCLX's maximum drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for BACAX and VTCLX.
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Drawdown Indicators
| BACAX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.88% | -55.18% | -23.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -8.79% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -19.01% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -24.98% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -65.92% | -34.56% | -31.36% |
Current DrawdownCurrent decline from peak | -5.81% | 0.00% | -5.81% |
Average DrawdownAverage peak-to-trough decline | -34.28% | -7.57% | -26.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.89% | +1.16% |
Volatility
BACAX vs. VTCLX - Volatility Comparison
BlackRock Energy Opportunities Fund (BACAX) has a higher volatility of 6.98% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 2.86%. This indicates that BACAX's price experiences larger fluctuations and is considered to be riskier than VTCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BACAX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 2.86% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.12% | 9.09% | +5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.23% | 12.01% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.55% | 17.22% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.22% | 18.28% | +8.94% |
BACAX vs. VTCLX - Expense Ratio Comparison
BACAX has a 1.32% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
BACAX vs. VTCLX - Dividend Comparison
BACAX's dividend yield for the trailing twelve months is around 1.92%, more than VTCLX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 1.92% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.85% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Frequently Asked Questions
BACAX and VTCLX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BACAX has higher volatility (6.98%) compared to VTCLX (2.86%). In terms of maximum drawdown, BACAX dropped -78.88% vs VTCLX's -55.18%.
BACAX currently has the higher Sharpe Ratio (2.49 vs 2.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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