MPHQX vs. VTCLX
MPHQX (BlackRock Total Return Fund Class K) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - MPHQX is a Intermediate Core-Plus Bond fund actively managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund tracking the Russell 1000 Index. MPHQX is actively managed, while VTCLX is passively managed. Over the past 10 years, MPHQX returned 2.20%/yr vs 15.42%/yr for VTCLX. At a correlation of -0.12, they often move in opposite directions. MPHQX charges 0.37%/yr vs 0.05%/yr for VTCLX.
Performance
MPHQX vs. VTCLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MPHQX achieves a 0.96% return, which is significantly lower than VTCLX's 10.03% return. Over the past 10 years, MPHQX has underperformed VTCLX with an annualized return of 2.20%, while VTCLX has yielded a comparatively higher 15.42% annualized return.
MPHQX
- 1D
- 0.20%
- 1M
- 1.30%
- YTD
- 0.96%
- 6M
- 1.47%
- 1Y
- 6.15%
- 3Y*
- 4.62%
- 5Y*
- 0.32%
- 10Y*
- 2.20%
VTCLX
- 1D
- 1.08%
- 1M
- 0.78%
- YTD
- 10.03%
- 6M
- 9.38%
- 1Y
- 26.78%
- 3Y*
- 20.54%
- 5Y*
- 13.27%
- 10Y*
- 15.42%
MPHQX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPHQX BlackRock Total Return Fund Class K | 0.96% | 8.21% | 1.92% | 6.04% | -14.14% | -0.68% | 9.10% | 9.91% | -0.81% | 4.33% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 10.03% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between MPHQX and VTCLX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2001 | -0.12 |
The correlation between MPHQX and VTCLX shifts across timeframes, from -0.12 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MPHQX vs. VTCLX — Risk / Return Rank
MPHQX
VTCLX
MPHQX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Total Return Fund Class K (MPHQX) 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.
| MPHQX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.03 | -1.56 |
| Martin ratioReturn relative to average drawdown | 3.77 | 13.67 | -9.90 |
Loading charts...
Drawdowns
MPHQX vs. VTCLX - Drawdown Comparison
The maximum MPHQX drawdown since its inception was -21.68%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for MPHQX and VTCLX.
Loading charts...
Drawdown Indicators
| MPHQX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -55.18% | +33.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -8.79% | +4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -6.86% | -19.01% | +12.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -24.98% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -34.56% | +15.28% |
Current DrawdownCurrent decline from peak | -2.19% | -1.15% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -7.55% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.95% | -0.29% |
Volatility
MPHQX vs. VTCLX - Volatility Comparison
The current volatility for BlackRock Total Return Fund Class K (MPHQX) is 1.29%, while Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) has a volatility of 4.78%. This indicates that MPHQX 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.
Loading charts...
Volatility by Period
| MPHQX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 4.78% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.60% | 9.99% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.62% | 12.61% | -7.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 17.31% | -11.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 18.32% | -13.17% |
MPHQX vs. VTCLX - Expense Ratio Comparison
MPHQX has a 0.37% expense ratio, which is higher than VTCLX's 0.05% expense ratio.
Dividends
MPHQX vs. VTCLX - Dividend Comparison
MPHQX's dividend yield for the trailing twelve months is around 4.77%, more than VTCLX's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPHQX BlackRock Total Return Fund Class K | 4.77% | 4.89% | 5.01% | 4.19% | 3.09% | 2.58% | 6.30% | 3.24% | 3.40% | 3.21% | 2.89% | 3.49% |
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
MPHQX and VTCLX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTCLX has higher volatility (4.78%) compared to MPHQX (1.29%). In terms of maximum drawdown, MPHQX dropped -21.68% vs VTCLX's -55.18%.
VTCLX currently has the higher Sharpe Ratio (2.11 vs 1.36), 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.
Find the right allocation for MPHQX and VTCLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer