MAPYX vs. VTCLX
Compare and contrast key facts about BlackRock Pennsylvania Municipal Bond Fund (MAPYX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX).
MAPYX is managed by BlackRock. It was launched on Aug 30, 1990. VTCLX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
MAPYX vs. VTCLX - Performance Comparison
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MAPYX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAPYX BlackRock Pennsylvania Municipal Bond Fund | -0.78% | 5.20% | 3.57% | 5.80% | -12.40% | 3.18% | 4.29% | 6.67% | 0.73% | 5.78% |
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, MAPYX achieves a -0.78% return, which is significantly higher than VTCLX's -4.05% return. Over the past 10 years, MAPYX has underperformed VTCLX with an annualized return of 1.90%, while VTCLX has yielded a comparatively higher 13.99% annualized return.
MAPYX
- 1D
- 0.31%
- 1M
- -2.51%
- YTD
- -0.78%
- 6M
- 1.09%
- 1Y
- 3.42%
- 3Y*
- 3.77%
- 5Y*
- 0.63%
- 10Y*
- 1.90%
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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MAPYX vs. VTCLX - Expense Ratio Comparison
MAPYX has a 0.54% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Return for Risk
MAPYX vs. VTCLX — Risk / Return Rank
MAPYX
VTCLX
MAPYX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Pennsylvania Municipal Bond Fund (MAPYX) 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.
| MAPYX | VTCLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.98 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.70 | 1.50 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.52 | -0.76 |
Martin ratioReturn relative to average drawdown | 2.31 | 7.35 | -5.05 |
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
| MAPYX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.98 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.64 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.77 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.50 | +0.65 |
Correlation
The correlation between MAPYX and VTCLX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MAPYX vs. VTCLX - Dividend Comparison
MAPYX's dividend yield for the trailing twelve months is around 3.86%, more than VTCLX's 0.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAPYX BlackRock Pennsylvania Municipal Bond Fund | 3.86% | 4.98% | 4.11% | 3.00% | 2.17% | 2.59% | 3.14% | 3.79% | 4.03% | 4.16% | 4.12% | 4.00% |
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
MAPYX vs. VTCLX - Drawdown Comparison
The maximum MAPYX drawdown since its inception was -17.13%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for MAPYX and VTCLX.
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Drawdown Indicators
| MAPYX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -55.18% | +38.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -12.20% | +5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -24.98% | +7.85% |
Max Drawdown (10Y)Largest decline over 10 years | -17.13% | -34.56% | +17.43% |
Current DrawdownCurrent decline from peak | -2.80% | -6.12% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -7.61% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.53% | -0.29% |
Volatility
MAPYX vs. VTCLX - Volatility Comparison
The current volatility for BlackRock Pennsylvania Municipal Bond Fund (MAPYX) is 1.36%, while Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) has a volatility of 5.42%. This indicates that MAPYX experiences smaller price fluctuations and is considered to be less risky 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
| MAPYX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 5.42% | -4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 9.68% | -7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.76% | 18.43% | -10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.24% | 17.23% | -11.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 18.26% | -13.43% |