BKT vs. VTCLX
BKT (BlackRock Income Trust) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - BKT is a fund fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Over the past 10 years, BKT returned 0.88%/yr vs 14.86%/yr for VTCLX. Their 0.09 correlation means their historical movements had little consistent relationship. BKT charges 2.06%/yr vs 0.05%/yr for VTCLX.
Performance
BKT vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, BKT achieves a -2.34% return, which is significantly lower than VTCLX's 9.27% return. Over the past 10 years, BKT has underperformed VTCLX with an annualized return of 0.88%, while VTCLX has yielded a comparatively higher 14.86% annualized return.
BKT
- 1D
- -0.39%
- 1M
- -3.43%
- 6M
- -3.63%
- YTD
- -2.34%
- 1Y
- -3.52%
- 3Y*
- 3.78%
- 5Y*
- -3.77%
- 10Y*
- 0.88%
- ALL TIME*
- 2.02%
VTCLX
- 1D
- 1.63%
- 1M
- -0.80%
- 6M
- 7.72%
- YTD
- 9.27%
- 1Y
- 20.40%
- 3Y*
- 18.54%
- 5Y*
- 11.93%
- 10Y*
- 14.86%
- ALL TIME*
- 10.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.07M | $936.37K | $1.04M | |
| $0.00 | $0.00 | $0.00 |
BKT vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | -2.34% | 5.92% | 3.33% | 7.69% | -21.51% | -0.44% | 7.36% | 14.91% | -2.59% | 2.58% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 9.27% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between BKT and VTCLX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | 0.09 |
Over the past year, BKT and VTCLX have become more correlated (0.37) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
BKT vs. VTCLX — Risk / Return Rank
BKT
VTCLX
BKT vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Income Trust (BKT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKT | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.25 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.07 | -2.55 |
| Martin ratioReturn relative to average drawdown | -0.97 | 8.96 | -9.94 |
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Drawdowns
BKT vs. VTCLX - Drawdown Comparison
The maximum BKT drawdown since its inception was -48.86%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for BKT and VTCLX.
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Drawdown Indicators
| BKT | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.86% | -55.18% | +6.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -8.79% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -19.01% | +8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -35.70% | -24.98% | -10.72% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -34.56% | -1.14% |
Current DrawdownCurrent decline from peak | -19.49% | -1.83% | -17.66% |
Average DrawdownAverage peak-to-trough decline | -14.77% | -7.53% | -7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.02% | +1.09% |
Volatility
BKT vs. VTCLX - Volatility Comparison
The current volatility for BlackRock Income Trust (BKT) is 2.10%, while Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) has a volatility of 3.41%. This indicates that BKT experiences smaller price fluctuations and is considered to be less risky 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
| BKT | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 3.41% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 5.51% | 10.16% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.05% | 12.97% | -5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 17.33% | -6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.76% | 18.27% | -8.51% |
BKT vs. VTCLX - Expense Ratio Comparison
BKT has a 2.06% expense ratio, which is higher than VTCLX's 0.05% expense ratio.
Dividends
BKT vs. VTCLX - Dividend Comparison
BKT's dividend yield for the trailing twelve months is around 10.38%, more than VTCLX's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | 10.38% | 9.53% | 9.19% | 8.69% | 8.35% | 7.31% | 6.80% | 6.82% | 6.48% | 5.15% | 5.09% | 5.89% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.91% | 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
BKT and VTCLX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTCLX has higher volatility (3.41%) compared to BKT (2.10%). In terms of maximum drawdown, BKT dropped -48.86% vs VTCLX's -55.18%.
VTCLX currently has the higher Sharpe Ratio (1.40 vs -0.43), 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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