BMEAX vs. VTCLX
BMEAX (BlackRock High Equity Income Fund Class A) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - BMEAX is a Derivative Income fund actively managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, BMEAX returned 8.88%/yr vs 15.47%/yr for VTCLX. Their correlation of 0.88 suggests significant overlap in exposure. BMEAX charges 1.10%/yr vs 0.09%/yr for VTCLX.
Performance
BMEAX vs. VTCLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BMEAX achieves a 7.70% return, which is significantly lower than VTCLX's 11.31% return. Over the past 10 years, BMEAX has underperformed VTCLX with an annualized return of 8.88%, while VTCLX has yielded a comparatively higher 15.47% annualized return.
BMEAX
- 1D
- 0.57%
- 1M
- 3.56%
- YTD
- 7.70%
- 6M
- 9.92%
- 1Y
- 21.06%
- 3Y*
- 12.59%
- 5Y*
- 7.46%
- 10Y*
- 8.88%
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%
BMEAX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMEAX BlackRock High Equity Income Fund Class A | 7.70% | 16.81% | 6.18% | 8.54% | -3.59% | 22.11% | -1.75% | 21.68% | -6.50% | 15.85% |
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 BMEAX and VTCLX is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2001 | 0.88 |
The correlation between BMEAX and VTCLX shifts across timeframes, from 0.72 (3 years) to 0.88 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BMEAX vs. VTCLX — Risk / Return Rank
BMEAX
VTCLX
BMEAX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund Class A (BMEAX) 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.
| BMEAX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.32 | -0.99 |
| Martin ratioReturn relative to average drawdown | 9.92 | 15.43 | -5.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BMEAX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 2.43 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.79 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.85 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.53 | +0.02 |
Drawdowns
BMEAX vs. VTCLX - Drawdown Comparison
The maximum BMEAX drawdown since its inception was -73.05%, which is greater than VTCLX's maximum drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for BMEAX and VTCLX.
Loading charts...
Drawdown Indicators
| BMEAX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -55.18% | -17.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -8.79% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -13.79% | -19.01% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -24.98% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -38.27% | -34.56% | -3.71% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -19.67% | -7.57% | -12.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.89% | +0.35% |
Volatility
BMEAX vs. VTCLX - Volatility Comparison
BlackRock High Equity Income Fund Class A (BMEAX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) have volatilities of 2.78% and 2.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BMEAX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.86% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 9.09% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 12.01% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.42% | 17.22% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 18.28% | -2.54% |
BMEAX vs. VTCLX - Expense Ratio Comparison
BMEAX has a 1.10% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
BMEAX vs. VTCLX - Dividend Comparison
BMEAX's dividend yield for the trailing twelve months is around 7.48%, more than VTCLX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMEAX BlackRock High Equity Income Fund Class A | 7.48% | 7.62% | 6.10% | 5.45% | 5.70% | 6.46% | 4.52% | 4.46% | 10.86% | 58.18% | 6.05% | 8.93% |
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
BMEAX and VTCLX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTCLX has higher volatility (2.86%) compared to BMEAX (2.78%). In terms of maximum drawdown, BMEAX dropped -73.05% vs VTCLX's -55.18%.
VTCLX currently has the higher Sharpe Ratio (2.43 vs 2.07), 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.
Find the right allocation for BMEAX and VTCLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer