BSMIX vs. VTCLX
BSMIX (iShares Russell Small/Mid-Cap Index Fund) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - BSMIX is a Small Cap Blend Equities fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Over the past 10 years, BSMIX returned 12.24%/yr vs 15.48%/yr for VTCLX. Their correlation of 0.87 suggests significant overlap in exposure. BSMIX charges 0.12%/yr vs 0.05%/yr for VTCLX.
Performance
BSMIX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, BSMIX achieves a 20.43% return, which is significantly higher than VTCLX's 8.11% return. Over the past 10 years, BSMIX has underperformed VTCLX with an annualized return of 12.24%, while VTCLX has yielded a comparatively higher 15.48% annualized return.
BSMIX
- 1D
- 0.41%
- 1M
- 1.85%
- YTD
- 20.43%
- 6M
- 17.73%
- 1Y
- 36.62%
- 3Y*
- 19.16%
- 5Y*
- 7.63%
- 10Y*
- 12.24%
VTCLX
- 1D
- -0.01%
- 1M
- -1.62%
- YTD
- 8.11%
- 6M
- 6.72%
- 1Y
- 22.10%
- 3Y*
- 20.42%
- 5Y*
- 12.23%
- 10Y*
- 15.48%
BSMIX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 20.43% | 11.92% | 12.04% | 17.15% | -18.39% | 18.00% | 20.28% | 27.62% | -10.22% | 16.75% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 8.11% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between BSMIX and VTCLX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.87 |
The correlation between BSMIX and VTCLX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
BSMIX vs. VTCLX — Risk / Return Rank
BSMIX
VTCLX
BSMIX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Small/Mid-Cap Index Fund (BSMIX) 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.
| BSMIX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 2.52 | +1.25 |
| Martin ratioReturn relative to average drawdown | 14.22 | 11.24 | +2.98 |
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Drawdowns
BSMIX vs. VTCLX - Drawdown Comparison
The maximum BSMIX drawdown since its inception was -41.32%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for BSMIX and VTCLX.
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Drawdown Indicators
| BSMIX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.32% | -55.18% | +13.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -8.79% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -25.49% | -19.01% | -6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -24.98% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -41.32% | -34.56% | -6.76% |
Current DrawdownCurrent decline from peak | -1.17% | -2.88% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -7.55% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 1.96% | +0.52% |
Volatility
BSMIX vs. VTCLX - Volatility Comparison
iShares Russell Small/Mid-Cap Index Fund (BSMIX) has a higher volatility of 6.23% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 4.86%. This indicates that BSMIX'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
| BSMIX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | 4.86% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 9.97% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 12.67% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 17.32% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 18.29% | +3.44% |
BSMIX vs. VTCLX - Expense Ratio Comparison
BSMIX has a 0.12% expense ratio, which is higher than VTCLX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSMIX vs. VTCLX - Dividend Comparison
BSMIX's dividend yield for the trailing twelve months is around 2.40%, more than VTCLX's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 2.40% | 2.90% | 2.04% | 1.37% | 4.94% | 4.77% | 4.42% | 2.83% | 4.33% | 2.83% | 1.45% | 0.00% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.92% | 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
BSMIX and VTCLX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSMIX has higher volatility (6.23%) compared to VTCLX (4.86%). In terms of maximum drawdown, BSMIX dropped -41.32% vs VTCLX's -55.18%.
BSMIX currently has the higher Sharpe Ratio (1.98 vs 1.75), 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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