SPMIX vs. VTCLX
SPMIX (Shelton Capital Management S&P Midcap Index Fund) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - SPMIX is a Mid Cap Blend Equities fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, SPMIX returned 12.67%/yr vs 15.47%/yr for VTCLX. Their correlation of 0.91 suggests significant overlap in exposure. SPMIX charges 0.62%/yr vs 0.09%/yr for VTCLX.
Performance
SPMIX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, SPMIX achieves a 13.67% return, which is significantly higher than VTCLX's 11.31% return. Over the past 10 years, SPMIX has underperformed VTCLX with an annualized return of 12.67%, while VTCLX has yielded a comparatively higher 15.47% annualized return.
SPMIX
- 1D
- 0.86%
- 1M
- 3.84%
- YTD
- 13.67%
- 6M
- 13.88%
- 1Y
- 24.70%
- 3Y*
- 19.12%
- 5Y*
- 9.76%
- 10Y*
- 12.67%
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%
SPMIX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMIX Shelton Capital Management S&P Midcap Index Fund | 13.67% | 6.72% | 24.42% | 15.96% | -13.18% | 23.73% | 12.97% | 34.63% | -11.34% | 15.74% |
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 SPMIX and VTCLX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2001 | 0.91 |
The correlation between SPMIX and VTCLX shifts across timeframes, from 0.79 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPMIX vs. VTCLX — Risk / Return Rank
SPMIX
VTCLX
SPMIX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Capital Management S&P Midcap Index Fund (SPMIX) 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.
| SPMIX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.32 | -0.36 |
| Martin ratioReturn relative to average drawdown | 10.83 | 15.43 | -4.60 |
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
| SPMIX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.43 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.79 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.85 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.53 | -0.06 |
Drawdowns
SPMIX vs. VTCLX - Drawdown Comparison
The maximum SPMIX drawdown since its inception was -55.44%, roughly equal to the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for SPMIX and VTCLX.
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Drawdown Indicators
| SPMIX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -55.18% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.79% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -23.73% | -19.01% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -24.00% | -24.98% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -41.91% | -34.56% | -7.35% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -7.57% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 1.89% | +0.54% |
Volatility
SPMIX vs. VTCLX - Volatility Comparison
Shelton Capital Management S&P Midcap Index Fund (SPMIX) has a higher volatility of 4.42% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 2.86%. This indicates that SPMIX'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
| SPMIX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 2.86% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 9.09% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 12.01% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 17.22% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 18.28% | +3.04% |
SPMIX vs. VTCLX - Expense Ratio Comparison
SPMIX has a 0.62% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
SPMIX vs. VTCLX - Dividend Comparison
SPMIX's dividend yield for the trailing twelve months is around 5.01%, more than VTCLX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMIX Shelton Capital Management S&P Midcap Index Fund | 5.01% | 5.55% | 20.56% | 6.35% | 9.15% | 9.87% | 8.65% | 13.64% | 13.74% | 6.83% | 16.77% | 19.89% |
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
SPMIX and VTCLX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMIX has higher volatility (4.42%) compared to VTCLX (2.86%). In terms of maximum drawdown, SPMIX dropped -55.44% vs VTCLX's -55.18%.
VTCLX currently has the higher Sharpe Ratio (2.43 vs 1.71), 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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