ITCSX vs. VBAIX

Last updated Jul 14, 2026

ITCSX (VY T. Rowe Price Capital Appreciation Portfolio) and VBAIX (Vanguard Balanced Index Fund Institutional Shares) are both Diversified Portfolio funds. Over the past 10 years, ITCSX returned 10.85%/yr vs 9.79%/yr for VBAIX. Their correlation of 0.91 suggests significant overlap in exposure. ITCSX charges 0.89%/yr vs 0.04%/yr for VBAIX.

Performance

ITCSX vs. VBAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY T. Rowe Price Capital Appreciation Portfolio (ITCSX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ITCSX having a 6.61% return and VBAIX slightly lower at 6.53%. Over the past 10 years, ITCSX has outperformed VBAIX with an annualized return of 10.85%, while VBAIX has yielded a comparatively lower 9.79% annualized return.

ITCSX

• 1D: 0.21%
• 1M: 3.48%
• 6M: 5.51%
• YTD: 6.61%
• 1Y: 10.06%
• 3Y*: 12.37%
• 5Y*: 7.94%
• 10Y*: 10.85%

VBAIX

• 1D: -0.62%
• 1M: 0.49%
• 6M: 5.05%
• YTD: 6.53%
• 1Y: 14.31%
• 3Y*: 14.51%
• 5Y*: 7.83%
• 10Y*: 9.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ITCSX vs. VBAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITCSX VY T. Rowe Price Capital Appreciation Portfolio	6.61%	10.36%	12.49%	18.69%	-12.24%	18.38%	17.96%	24.36%	0.30%	15.12%
VBAIX Vanguard Balanced Index Fund Institutional Shares	6.53%	13.60%	17.78%	17.55%	-16.87%	14.20%	16.40%	21.79%	-2.83%	13.86%

Correlation

The correlation between ITCSX and VBAIX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 30, 2000	0.91

The correlation between ITCSX and VBAIX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Return for Risk

ITCSX vs. VBAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITCSX

ITCSX Risk / Return Rank: 33
ITCSX Sharpe Ratio Rank: 37
ITCSX Sortino Ratio Rank: 36
ITCSX Omega Ratio Rank: 38
ITCSX Calmar Ratio Rank: 24
ITCSX Martin Ratio Rank: 28

VBAIX

VBAIX Risk / Return Rank: 65
VBAIX Sharpe Ratio Rank: 62
VBAIX Sortino Ratio Rank: 62
VBAIX Omega Ratio Rank: 59
VBAIX Calmar Ratio Rank: 66
VBAIX Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITCSX vs. VBAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY T. Rowe Price Capital Appreciation Portfolio (ITCSX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX). 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.

	ITCSX	VBAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.74	-0.39
Sortino ratio: Return per unit of downside risk	1.92	2.47	-0.54
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	1.37	2.49	-1.12
Martin ratio: Return relative to average drawdown	4.87	10.90	-6.03

ITCSX vs. VBAIX - Sharpe Ratio Comparison

The current ITCSX Sharpe Ratio is 1.34, which is comparable to the VBAIX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of ITCSX and VBAIX, 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

ITCSX vs. VBAIX - Drawdown Comparison

The maximum ITCSX drawdown since its inception was -42.47%, which is greater than VBAIX's maximum drawdown of -35.82%. Use the drawdown chart below to compare losses from any high point for ITCSX and VBAIX.

Drawdown Indicators

	ITCSX	VBAIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.47%	-35.82%	-6.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-5.84%	-2.24%
Max Drawdown (3Y) Largest decline over 3 years	-9.90%	-11.57%	+1.67%
Max Drawdown (5Y) Largest decline over 5 years	-17.29%	-21.52%	+4.23%
Max Drawdown (10Y) Largest decline over 10 years	-26.98%	-22.77%	-4.21%
Current Drawdown Current decline from peak	0.00%	-0.81%	+0.81%
Average Drawdown Average peak-to-trough decline	-3.75%	-4.41%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.33%	+0.84%

Volatility

ITCSX vs. VBAIX - Volatility Comparison

The current volatility for VY T. Rowe Price Capital Appreciation Portfolio (ITCSX) is 2.44%, while Vanguard Balanced Index Fund Institutional Shares (VBAIX) has a volatility of 2.70%. This indicates that ITCSX experiences smaller price fluctuations and is considered to be less risky than VBAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITCSX	VBAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	2.70%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	6.44%	6.78%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	8.24%	8.39%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.36%	11.18%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.10%	11.24%	+0.86%

ITCSX vs. VBAIX - Expense Ratio Comparison

ITCSX has a 0.89% expense ratio, which is higher than VBAIX's 0.04% expense ratio.

Dividends

ITCSX vs. VBAIX - Dividend Comparison

ITCSX's dividend yield for the trailing twelve months is around 14.97%, more than VBAIX's 5.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITCSX VY T. Rowe Price Capital Appreciation Portfolio	14.97%	15.96%	3.74%	12.32%	16.18%	12.88%	8.49%	6.47%	10.16%	5.91%	10.64%	16.06%
VBAIX Vanguard Balanced Index Fund Institutional Shares	5.35%	6.01%	8.01%	4.36%	2.84%	3.20%	2.65%	2.29%	2.33%	1.96%	2.10%	2.10%

Frequently Asked Questions

Can I hold both ITCSX and VBAIX in my portfolio?

ITCSX and VBAIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITCSX or VBAIX?

VBAIX has higher volatility (2.70%) compared to ITCSX (2.44%). In terms of maximum drawdown, ITCSX dropped -42.47% vs VBAIX's -35.82%.

Which has better risk-adjusted returns?

VBAIX currently has the higher Sharpe Ratio (1.74 vs 1.34), 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.