ETTGX vs. VTCLX

Last updated Aug 1, 2026

ETTGX (Eaton Vance Tax Managed Growth 1.1 Fund) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - ETTGX is a Large Cap Growth Equities fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Over the past 10 years, ETTGX returned 14.30%/yr vs 14.86%/yr for VTCLX. Their 0.99 correlation means they have historically moved very closely together. ETTGX charges 0.73%/yr vs 0.05%/yr for VTCLX.

Performance

ETTGX vs. VTCLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax Managed Growth 1.1 Fund (ETTGX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETTGX achieves a 6.79% return, which is significantly lower than VTCLX's 9.27% return. Both investments have delivered pretty close results over the past 10 years, with ETTGX having a 14.30% annualized return and VTCLX not far ahead at 14.86%.

ETTGX

• 1D: 1.49%
• 1M: -0.87%
• 6M: 5.02%
• YTD: 6.79%
• 1Y: 16.31%
• 3Y*: 17.94%
• 5Y*: 11.24%
• 10Y*: 14.30%
• ALL TIME*: 10.04%

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%

*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)
ETTGX Eaton Vance Tax Managed Growth 1.1 Fund	$0.00	$0.00	$0.00
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	$0.00	$0.00	$0.00

ETTGX vs. VTCLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETTGX Eaton Vance Tax Managed Growth 1.1 Fund	6.79%	16.69%	25.16%	28.24%	-20.11%	24.69%	23.05%	29.32%	-5.28%	22.35%
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 ETTGX and VTCLX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (10Y) Provides a long-term view across more market conditions.	0.99
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001	0.99

The correlation between ETTGX and VTCLX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

ETTGX vs. VTCLX — Risk / Return Rank

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

ETTGX

ETTGX Risk / Return Rank: 33
ETTGX Sharpe Ratio Rank: 33
ETTGX Sortino Ratio Rank: 32
ETTGX Omega Ratio Rank: 32
ETTGX Calmar Ratio Rank: 30
ETTGX Martin Ratio Rank: 39

VTCLX

VTCLX Risk / Return Rank: 62
VTCLX Sharpe Ratio Rank: 59
VTCLX Sortino Ratio Rank: 56
VTCLX Omega Ratio Rank: 55
VTCLX Calmar Ratio Rank: 64
VTCLX Martin Ratio Rank: 77

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.

ETTGX vs. VTCLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Growth 1.1 Fund (ETTGX) 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.

	ETTGX	VTCLX	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.40	-0.33
Sortino ratio: Return per unit of downside risk	1.56	1.97	-0.41
Omega ratio: Gain probability vs. loss probability	1.19	1.25	-0.06
Calmar ratio: Return relative to maximum drawdown	1.35	2.07	-0.71
Martin ratio: Return relative to average drawdown	5.77	8.96	-3.19

ETTGX vs. VTCLX - Sharpe Ratio Comparison

The current ETTGX Sharpe Ratio is 1.07, which is comparable to the VTCLX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of ETTGX and VTCLX, 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

ETTGX vs. VTCLX - Drawdown Comparison

The maximum ETTGX drawdown since its inception was -52.02%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for ETTGX and VTCLX.

Drawdown Indicators

	ETTGX	VTCLX	Difference
Max Drawdown Largest peak-to-trough decline	-52.02%	-55.18%	+3.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-8.79%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	-18.96%	-19.01%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-26.03%	-24.98%	-1.05%
Max Drawdown (10Y) Largest decline over 10 years	-32.98%	-34.56%	+1.58%
Current Drawdown Current decline from peak	-2.90%	-1.83%	-1.07%
Average Drawdown Average peak-to-trough decline	-8.47%	-7.53%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.02%	+0.45%

Volatility

ETTGX vs. VTCLX - Volatility Comparison

Eaton Vance Tax Managed Growth 1.1 Fund (ETTGX) has a higher volatility of 3.79% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 3.41%. This indicates that ETTGX'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.

Volatility by Period

	ETTGX	VTCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.41%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	10.64%	10.16%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	12.97%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	17.33%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	18.27%	+0.07%

ETTGX vs. VTCLX - Expense Ratio Comparison

ETTGX has a 0.73% expense ratio, which is higher than VTCLX's 0.05% expense ratio.

Dividends

ETTGX vs. VTCLX - Dividend Comparison

ETTGX's dividend yield for the trailing twelve months is around 2.79%, more than VTCLX's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETTGX Eaton Vance Tax Managed Growth 1.1 Fund	2.79%	2.98%	2.11%	0.58%	0.64%	0.35%	0.62%	0.83%	0.93%	0.88%	1.06%	1.06%
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

Can I hold both ETTGX and VTCLX in my portfolio?

With a correlation of 0.97, ETTGX and VTCLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ETTGX or VTCLX?

ETTGX has higher volatility (3.79%) compared to VTCLX (3.41%). In terms of maximum drawdown, ETTGX dropped -52.02% vs VTCLX's -55.18%.

Which has better risk-adjusted returns?

VTCLX currently has the higher Sharpe Ratio (1.40 vs 1.07), 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.