BMCAX vs. VTMSX

Last updated Aug 1, 2026

BMCAX (BlackRock Advantage Large Cap Growth Fund) and VTMSX (Vanguard Tax-Managed Small-Cap Fund Admiral Shares) are both mutual funds - BMCAX is a Large Cap Growth Equities fund managed by BlackRock, while VTMSX is a Small Cap Blend Equities fund managed by BlackRock. Over the past 10 years, BMCAX returned 16.79%/yr vs 10.75%/yr for VTMSX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. BMCAX charges 0.87%/yr vs 0.09%/yr for VTMSX.

Performance

BMCAX vs. VTMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Growth Fund (BMCAX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMCAX achieves a 5.36% return, which is significantly lower than VTMSX's 21.93% return. Over the past 10 years, BMCAX has outperformed VTMSX with an annualized return of 16.79%, while VTMSX has yielded a comparatively lower 10.75% annualized return.

BMCAX

• 1D: 3.48%
• 1M: -3.09%
• 6M: 6.20%
• YTD: 5.36%
• 1Y: 17.58%
• 3Y*: 21.89%
• 5Y*: 12.21%
• 10Y*: 16.79%
• ALL TIME*: 8.87%

VTMSX

• 1D: 0.86%
• 1M: -0.56%
• 6M: 15.49%
• YTD: 21.93%
• 1Y: 36.13%
• 3Y*: 13.30%
• 5Y*: 7.52%
• 10Y*: 10.75%
• ALL TIME*: 10.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BMCAX BlackRock Advantage Large Cap Growth Fund	$0.00	$0.00	$0.00
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	$0.00	$0.00	$0.00

BMCAX vs. VTMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMCAX BlackRock Advantage Large Cap Growth Fund	5.36%	21.40%	32.28%	39.38%	-30.37%	26.61%	31.89%	33.39%	-2.87%	22.57%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	21.93%	5.93%	8.61%	15.95%	-16.16%	27.08%	11.05%	23.28%	-8.62%	13.05%

Correlation

The correlation between BMCAX and VTMSX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (10Y) Provides a long-term view across more market conditions.	0.67
Correlation (All Time) Calculated using the full available price history since Mar 25, 1999	0.80

Over the past year, the correlation between BMCAX and VTMSX has dropped to 0.57 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

BMCAX vs. VTMSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BMCAX

BMCAX Risk / Return Rank: 24
BMCAX Sharpe Ratio Rank: 24
BMCAX Sortino Ratio Rank: 25
BMCAX Omega Ratio Rank: 24
BMCAX Calmar Ratio Rank: 22
BMCAX Martin Ratio Rank: 23

VTMSX

VTMSX Risk / Return Rank: 84
VTMSX Sharpe Ratio Rank: 80
VTMSX Sortino Ratio Rank: 81
VTMSX Omega Ratio Rank: 76
VTMSX Calmar Ratio Rank: 93
VTMSX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BMCAX vs. VTMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Growth Fund (BMCAX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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.

	BMCAX	VTMSX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.87	-1.02
Sortino ratio: Return per unit of downside risk	1.27	2.77	-1.50
Omega ratio: Gain probability vs. loss probability	1.15	1.32	-0.17
Calmar ratio: Return relative to maximum drawdown	1.04	3.79	-2.75
Martin ratio: Return relative to average drawdown	3.24	12.88	-9.64

BMCAX vs. VTMSX - Sharpe Ratio Comparison

The current BMCAX Sharpe Ratio is 0.85, which is lower than the VTMSX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of BMCAX and VTMSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMCAX vs. VTMSX - Drawdown Comparison

The maximum BMCAX drawdown since its inception was -58.55%, roughly equal to the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for BMCAX and VTMSX.

Drawdown Indicators

	BMCAX	VTMSX	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-57.84%	-0.71%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-8.59%	-6.12%
Max Drawdown (3Y) Largest decline over 3 years	-23.29%	-27.93%	+4.64%
Max Drawdown (5Y) Largest decline over 5 years	-33.84%	-27.93%	-5.91%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	-43.88%	+10.04%
Current Drawdown Current decline from peak	-7.64%	-1.82%	-5.82%
Average Drawdown Average peak-to-trough decline	-9.41%	-8.88%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	2.53%	+2.19%

Volatility

BMCAX vs. VTMSX - Volatility Comparison

BlackRock Advantage Large Cap Growth Fund (BMCAX) has a higher volatility of 6.75% compared to Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) at 3.47%. This indicates that BMCAX's price experiences larger fluctuations and is considered to be riskier than VTMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMCAX	VTMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	3.47%	+3.28%
Volatility (6M) Calculated over the trailing 6-month period	14.36%	11.67%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	17.97%	17.40%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.71%	21.32%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.23%	23.07%	-1.84%

BMCAX vs. VTMSX - Expense Ratio Comparison

BMCAX has a 0.87% expense ratio, which is higher than VTMSX's 0.09% expense ratio.

Dividends

BMCAX vs. VTMSX - Dividend Comparison

BMCAX's dividend yield for the trailing twelve months is around 8.05%, more than VTMSX's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMCAX BlackRock Advantage Large Cap Growth Fund	8.05%	6.94%	22.50%	0.79%	0.19%	14.39%	5.68%	4.12%	9.77%	6.04%	0.56%	7.42%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	1.19%	1.28%	1.44%	1.50%	1.51%	1.16%	1.09%	1.15%	1.26%	1.11%	1.01%	1.26%

Frequently Asked Questions

Can I hold both BMCAX and VTMSX in my portfolio?

BMCAX and VTMSX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMCAX or VTMSX?

BMCAX has higher volatility (6.75%) compared to VTMSX (3.47%). In terms of maximum drawdown, BMCAX dropped -58.55% vs VTMSX's -57.84%.

Which has better risk-adjusted returns?

VTMSX currently has the higher Sharpe Ratio (1.87 vs 0.85), 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.