GCTIX vs. VTCLX
Compare and contrast key facts about Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX).
GCTIX is managed by BlackRock. It was launched on Apr 3, 2000. VTCLX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
GCTIX vs. VTCLX - Performance Comparison
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GCTIX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCTIX Goldman Sachs U.S. Tax-Managed Equity Fund | -7.27% | 15.35% | 27.60% | 23.80% | -20.26% | 29.22% | 17.53% | 25.90% | -7.78% | 20.29% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | -6.78% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Returns By Period
In the year-to-date period, GCTIX achieves a -7.27% return, which is significantly lower than VTCLX's -6.78% return. Over the past 10 years, GCTIX has underperformed VTCLX with an annualized return of 12.17%, while VTCLX has yielded a comparatively higher 13.66% annualized return.
GCTIX
- 1D
- -0.65%
- 1M
- -8.78%
- YTD
- -7.27%
- 6M
- -4.94%
- 1Y
- 13.80%
- 3Y*
- 16.64%
- 5Y*
- 10.41%
- 10Y*
- 12.17%
VTCLX
- 1D
- -0.40%
- 1M
- -7.66%
- YTD
- -6.78%
- 6M
- -4.38%
- 1Y
- 14.65%
- 3Y*
- 16.84%
- 5Y*
- 10.69%
- 10Y*
- 13.66%
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GCTIX vs. VTCLX - Expense Ratio Comparison
GCTIX has a 0.75% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Return for Risk
GCTIX vs. VTCLX — Risk / Return Rank
GCTIX
VTCLX
GCTIX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) 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.
| GCTIX | VTCLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.84 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.30 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.06 | -0.14 |
Martin ratioReturn relative to average drawdown | 4.16 | 5.18 | -1.02 |
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
| GCTIX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.84 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.63 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.75 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.49 | -0.06 |
Correlation
The correlation between GCTIX and VTCLX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GCTIX vs. VTCLX - Dividend Comparison
GCTIX's dividend yield for the trailing twelve months is around 0.55%, less than VTCLX's 1.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCTIX Goldman Sachs U.S. Tax-Managed Equity Fund | 0.55% | 0.51% | 3.06% | 0.52% | 0.71% | 0.42% | 0.70% | 0.68% | 0.10% | 0.86% | 0.96% | 1.02% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 1.01% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Drawdowns
GCTIX vs. VTCLX - Drawdown Comparison
The maximum GCTIX drawdown since its inception was -56.62%, roughly equal to the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for GCTIX and VTCLX.
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Drawdown Indicators
| GCTIX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.62% | -55.18% | -1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -12.20% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | -24.98% | -0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -34.56% | -0.98% |
Current DrawdownCurrent decline from peak | -9.98% | -8.79% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -7.61% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.50% | +0.29% |
Volatility
GCTIX vs. VTCLX - Volatility Comparison
Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) has a higher volatility of 4.71% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 4.33%. This indicates that GCTIX'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
| GCTIX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.33% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 9.24% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 18.24% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 17.19% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 18.24% | +0.59% |