MAEGX vs. VTCLX
Compare and contrast key facts about BlackRock Unconstrained Equity Fund (MAEGX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX).
MAEGX is managed by BlackRock. It was launched on Nov 3, 2005. VTCLX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
MAEGX vs. VTCLX - Performance Comparison
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MAEGX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAEGX BlackRock Unconstrained Equity Fund | -4.78% | 12.30% | 7.62% | 33.37% | -20.23% | 20.72% | 21.90% | 32.76% | -4.54% | 24.80% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | -4.05% | 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, MAEGX achieves a -4.78% return, which is significantly lower than VTCLX's -4.05% return. Over the past 10 years, MAEGX has underperformed VTCLX with an annualized return of 10.96%, while VTCLX has yielded a comparatively higher 13.99% annualized return.
MAEGX
- 1D
- 3.96%
- 1M
- -7.49%
- YTD
- -4.78%
- 6M
- -4.47%
- 1Y
- 13.95%
- 3Y*
- 9.49%
- 5Y*
- 7.01%
- 10Y*
- 10.96%
VTCLX
- 1D
- 2.93%
- 1M
- -5.03%
- YTD
- -4.05%
- 6M
- -1.91%
- 1Y
- 17.51%
- 3Y*
- 17.97%
- 5Y*
- 11.05%
- 10Y*
- 13.99%
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MAEGX vs. VTCLX - Expense Ratio Comparison
MAEGX has a 0.95% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Return for Risk
MAEGX vs. VTCLX — Risk / Return Rank
MAEGX
VTCLX
MAEGX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund (MAEGX) 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.
| MAEGX | VTCLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.98 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.50 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.52 | -0.38 |
Martin ratioReturn relative to average drawdown | 4.34 | 7.35 | -3.01 |
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
| MAEGX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.98 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.64 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.77 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.50 | -0.02 |
Correlation
The correlation between MAEGX and VTCLX is 0.90, 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
MAEGX vs. VTCLX - Dividend Comparison
MAEGX has not paid dividends to shareholders, while VTCLX's dividend yield for the trailing twelve months is around 0.98%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAEGX BlackRock Unconstrained Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 18.13% | 22.75% | 10.44% | 12.01% | 8.53% | 4.06% | 0.93% | 8.22% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.98% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Drawdowns
MAEGX vs. VTCLX - Drawdown Comparison
The maximum MAEGX drawdown since its inception was -48.71%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for MAEGX and VTCLX.
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Drawdown Indicators
| MAEGX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -55.18% | +6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -12.20% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -31.26% | -24.98% | -6.28% |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | -34.56% | +2.63% |
Current DrawdownCurrent decline from peak | -9.23% | -6.12% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -7.61% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.53% | +0.80% |
Volatility
MAEGX vs. VTCLX - Volatility Comparison
BlackRock Unconstrained Equity Fund (MAEGX) has a higher volatility of 8.18% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 5.42%. This indicates that MAEGX'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
| MAEGX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 5.42% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 9.68% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.15% | 18.43% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 17.23% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 18.26% | +0.58% |