BROAX vs. VTCLX
BROAX (BlackRock Advantage International Fund Class A) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - BROAX is a Foreign Large Cap Equities fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, BROAX returned 9.70%/yr vs 15.38%/yr for VTCLX. Their correlation of 0.86 suggests significant overlap in exposure. BROAX charges 0.75%/yr vs 0.09%/yr for VTCLX.
Performance
BROAX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, BROAX achieves a 9.81% return, which is significantly lower than VTCLX's 10.53% return. Over the past 10 years, BROAX has underperformed VTCLX with an annualized return of 9.70%, while VTCLX has yielded a comparatively higher 15.38% annualized return.
BROAX
- 1D
- -0.76%
- 1M
- 3.07%
- YTD
- 9.81%
- 6M
- 12.14%
- 1Y
- 21.67%
- 3Y*
- 18.55%
- 5Y*
- 9.75%
- 10Y*
- 9.70%
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%
BROAX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BROAX BlackRock Advantage International Fund Class A | 9.81% | 32.13% | 6.52% | 19.11% | -13.70% | 12.82% | 7.04% | 21.37% | -15.30% | 23.76% |
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 BROAX and VTCLX is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2006 | 0.86 |
The correlation between BROAX and VTCLX shifts across timeframes, from 0.72 (3 years) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BROAX vs. VTCLX — Risk / Return Rank
BROAX
VTCLX
BROAX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage International Fund Class A (BROAX) 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.
| BROAX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 3.13 | -1.13 |
| Martin ratioReturn relative to average drawdown | 7.62 | 14.54 | -6.92 |
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
| BROAX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.29 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.76 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.84 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.53 | -0.18 |
Drawdowns
BROAX vs. VTCLX - Drawdown Comparison
The maximum BROAX drawdown since its inception was -54.78%, roughly equal to the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for BROAX and VTCLX.
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Drawdown Indicators
| BROAX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.78% | -55.18% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -8.79% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -14.04% | -19.01% | +4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.42% | -24.98% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -36.60% | -34.56% | -2.04% |
Current DrawdownCurrent decline from peak | -0.76% | -0.70% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -7.56% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.89% | +1.02% |
Volatility
BROAX vs. VTCLX - Volatility Comparison
BlackRock Advantage International Fund Class A (BROAX) has a higher volatility of 4.66% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 2.95%. This indicates that BROAX'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
| BROAX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 2.95% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 9.10% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 12.03% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 17.22% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.43% | 18.27% | -1.84% |
BROAX vs. VTCLX - Expense Ratio Comparison
BROAX has a 0.75% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
BROAX vs. VTCLX - Dividend Comparison
BROAX's dividend yield for the trailing twelve months is around 6.37%, more than VTCLX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BROAX BlackRock Advantage International Fund Class A | 6.37% | 7.00% | 3.33% | 2.50% | 3.14% | 8.30% | 1.51% | 2.49% | 2.48% | 0.58% | 1.83% | 0.49% |
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
BROAX and VTCLX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BROAX has higher volatility (4.66%) compared to VTCLX (2.95%). In terms of maximum drawdown, BROAX dropped -54.78% vs VTCLX's -55.18%.
VTCLX currently has the higher Sharpe Ratio (2.29 vs 1.46), 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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