BCSIX vs. VTCLX
BCSIX (Brown Capital Management Small Company Fund) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - BCSIX is a Small Cap Growth Equities fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, BCSIX returned 5.12%/yr vs 15.38%/yr for VTCLX. Their correlation of 0.81 suggests significant overlap in exposure. BCSIX charges 1.25%/yr vs 0.09%/yr for VTCLX.
Performance
BCSIX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, BCSIX achieves a -6.12% return, which is significantly lower than VTCLX's 10.53% return. Over the past 10 years, BCSIX has underperformed VTCLX with an annualized return of 5.12%, while VTCLX has yielded a comparatively higher 15.38% annualized return.
BCSIX
- 1D
- -1.73%
- 1M
- 6.03%
- YTD
- -6.12%
- 6M
- -10.72%
- 1Y
- -9.38%
- 3Y*
- -1.84%
- 5Y*
- -6.79%
- 10Y*
- 5.12%
VTCLX
- 1D
- -0.70%
- 1M
- 4.04%
- YTD
- 10.53%
- 6M
- 10.36%
- 1Y
- 27.36%
- 3Y*
- 21.92%
- 5Y*
- 13.10%
- 10Y*
- 15.38%
BCSIX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCSIX Brown Capital Management Small Company Fund | -6.12% | -12.48% | 9.86% | 19.16% | -37.85% | -4.26% | 45.23% | 29.22% | -0.57% | 28.90% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 10.53% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between BCSIX and VTCLX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2001 | 0.81 |
Over the past year, the correlation between BCSIX and VTCLX has dropped to 0.59 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
BCSIX vs. VTCLX — Risk / Return Rank
BCSIX
VTCLX
BCSIX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Capital Management Small Company Fund (BCSIX) 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.
| BCSIX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.41 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 3.13 | -3.44 |
| Martin ratioReturn relative to average drawdown | -0.72 | 14.54 | -15.26 |
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
| BCSIX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 2.29 | -2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.76 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.84 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.53 | -0.16 |
Drawdowns
BCSIX vs. VTCLX - Drawdown Comparison
The maximum BCSIX drawdown since its inception was -57.17%, roughly equal to the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for BCSIX and VTCLX.
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Drawdown Indicators
| BCSIX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.17% | -55.18% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -8.79% | -18.18% |
Max Drawdown (3Y)Largest decline over 3 years | -57.17% | -19.01% | -38.16% |
Max Drawdown (5Y)Largest decline over 5 years | -57.17% | -24.98% | -32.19% |
Max Drawdown (10Y)Largest decline over 10 years | -57.17% | -34.56% | -22.61% |
Current DrawdownCurrent decline from peak | -48.15% | -0.70% | -47.45% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -7.56% | -5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.48% | 1.89% | +9.59% |
Volatility
BCSIX vs. VTCLX - Volatility Comparison
Brown Capital Management Small Company Fund (BCSIX) has a higher volatility of 8.31% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 2.95%. This indicates that BCSIX'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
| BCSIX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 2.95% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 17.57% | 9.10% | +8.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.54% | 12.03% | +10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.12% | 17.22% | +21.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.37% | 18.27% | +14.10% |
BCSIX vs. VTCLX - Expense Ratio Comparison
BCSIX has a 1.25% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
BCSIX vs. VTCLX - Dividend Comparison
BCSIX's dividend yield for the trailing twelve months is around 115.60%, more than VTCLX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCSIX Brown Capital Management Small Company Fund | 115.60% | 108.53% | 52.70% | 9.36% | 12.04% | 9.32% | 7.46% | 8.62% | 6.85% | 5.94% | 5.54% | 9.15% |
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
BCSIX and VTCLX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCSIX has higher volatility (8.31%) compared to VTCLX (2.95%). In terms of maximum drawdown, BCSIX dropped -57.17% vs VTCLX's -55.18%.
VTCLX currently has the higher Sharpe Ratio (2.29 vs -0.37), 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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