VMGAX vs. VTCIX
Compare and contrast key facts about Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX).
VMGAX is managed by Vanguard. It was launched on Apr 3, 2008. VTCIX is managed by Blackrock. It was launched on Feb 24, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGAX or VTCIX.
Key characteristics
| VMGAX | VTCIX | |
|---|---|---|
| YTD Return | 31.44% | 26.15% |
| 1Y Return | 43.60% | 39.49% |
| 3Y Return (Ann) | 10.17% | 9.37% |
| 5Y Return (Ann) | 20.61% | 15.83% |
| 10Y Return (Ann) | 16.62% | 13.38% |
| Sharpe Ratio | 2.44 | 3.04 |
| Sortino Ratio | 3.15 | 4.05 |
| Omega Ratio | 1.44 | 1.57 |
| Calmar Ratio | 3.12 | 4.48 |
| Martin Ratio | 11.91 | 19.79 |
| Ulcer Index | 3.56% | 1.94% |
| Daily Std Dev | 17.39% | 12.60% |
| Max Drawdown | -48.61% | -55.17% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VMGAX and VTCIX is 0.95, 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.
Performance
VMGAX vs. VTCIX - Performance Comparison
In the year-to-date period, VMGAX achieves a 31.44% return, which is significantly higher than VTCIX's 26.15% return. Over the past 10 years, VMGAX has outperformed VTCIX with an annualized return of 16.62%, while VTCIX has yielded a comparatively lower 13.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMGAX vs. VTCIX - Expense Ratio Comparison
Both VMGAX and VTCIX have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VMGAX vs. VTCIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX). 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.
Dividends
VMGAX vs. VTCIX - Dividend Comparison
VMGAX's dividend yield for the trailing twelve months is around 0.42%, less than VTCIX's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGAX Vanguard Mega Cap Growth Index Fund Institutional Shares | 0.42% | 0.51% | 0.71% | 0.42% | 0.65% | 0.86% | 1.13% | 1.23% | 1.53% | 1.44% | 1.25% | 1.31% |
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | 1.08% | 1.27% | 1.50% | 1.07% | 1.34% | 1.55% | 1.87% | 1.60% | 1.79% | 1.73% | 1.59% | 1.55% |
Drawdowns
VMGAX vs. VTCIX - Drawdown Comparison
The maximum VMGAX drawdown since its inception was -48.61%, smaller than the maximum VTCIX drawdown of -55.17%. Use the drawdown chart below to compare losses from any high point for VMGAX and VTCIX. For additional features, visit the drawdowns tool.
Volatility
VMGAX vs. VTCIX - Volatility Comparison
Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) has a higher volatility of 5.17% compared to Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) at 4.03%. This indicates that VMGAX's price experiences larger fluctuations and is considered to be riskier than VTCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.