RETSX vs. VTCLX
RETSX (Russell Investment Tax-Managed U.S. Large Cap Fund) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both Large Cap Blend Equities funds from BlackRock. Over the past 10 years, RETSX returned 13.31%/yr vs 15.47%/yr for VTCLX. With a 0.99 correlation, they move nearly in lockstep. RETSX charges 0.92%/yr vs 0.09%/yr for VTCLX.
Performance
RETSX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, RETSX achieves a 9.76% return, which is significantly lower than VTCLX's 11.31% return. Over the past 10 years, RETSX has underperformed VTCLX with an annualized return of 13.31%, while VTCLX has yielded a comparatively higher 15.47% annualized return.
RETSX
- 1D
- -0.07%
- 1M
- 5.72%
- YTD
- 9.76%
- 6M
- 9.96%
- 1Y
- 24.28%
- 3Y*
- 19.33%
- 5Y*
- 11.38%
- 10Y*
- 13.31%
VTCLX
- 1D
- 0.22%
- 1M
- 5.61%
- YTD
- 11.31%
- 6M
- 11.26%
- 1Y
- 28.29%
- 3Y*
- 22.21%
- 5Y*
- 13.46%
- 10Y*
- 15.47%
RETSX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RETSX Russell Investment Tax-Managed U.S. Large Cap Fund | 9.76% | 14.45% | 20.43% | 24.74% | -18.96% | 24.82% | 17.70% | 28.94% | -6.97% | 21.51% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 11.31% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between RETSX and VTCLX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2001 | 0.99 |
The correlation between RETSX and VTCLX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
RETSX vs. VTCLX — Risk / Return Rank
RETSX
VTCLX
RETSX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investment Tax-Managed U.S. Large Cap Fund (RETSX) 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.
| RETSX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 3.32 | -0.60 |
| Martin ratioReturn relative to average drawdown | 11.86 | 15.43 | -3.57 |
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
| RETSX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.43 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.79 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.85 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.53 | -0.07 |
Drawdowns
RETSX vs. VTCLX - Drawdown Comparison
The maximum RETSX drawdown since its inception was -57.35%, roughly equal to the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for RETSX and VTCLX.
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Drawdown Indicators
| RETSX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.35% | -55.18% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -8.79% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.79% | -19.01% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -24.98% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.52% | -34.56% | +1.04% |
Current DrawdownCurrent decline from peak | -0.07% | 0.00% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -10.54% | -7.57% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.89% | +0.23% |
Volatility
RETSX vs. VTCLX - Volatility Comparison
Russell Investment Tax-Managed U.S. Large Cap Fund (RETSX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) have volatilities of 2.82% and 2.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RETSX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 2.86% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 9.09% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 12.01% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 17.22% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.82% | 18.28% | -0.46% |
RETSX vs. VTCLX - Expense Ratio Comparison
RETSX has a 0.92% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
RETSX vs. VTCLX - Dividend Comparison
RETSX's dividend yield for the trailing twelve months is around 0.40%, less than VTCLX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RETSX Russell Investment Tax-Managed U.S. Large Cap Fund | 0.40% | 0.44% | 0.49% | 0.54% | 0.59% | 0.14% | 0.47% | 0.78% | 0.90% | 1.02% | 0.84% | 0.76% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.85% | 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
With a correlation of 0.99, RETSX and VTCLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VTCLX has higher volatility (2.86%) compared to RETSX (2.82%). In terms of maximum drawdown, RETSX dropped -57.35% vs VTCLX's -55.18%.
VTCLX currently has the higher Sharpe Ratio (2.43 vs 2.16), 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.
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