VOO vs. VTCLX
Compare and contrast key facts about Vanguard S&P 500 ETF (VOO) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. VTCLX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
VOO vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, VOO achieves a -3.55% return, which is significantly lower than VTCLX's -3.23% return. Both investments have delivered pretty close results over the past 10 years, with VOO having a 14.19% annualized return and VTCLX not far behind at 14.13%.
VOO
- 1D
- 0.11%
- 1M
- -4.01%
- YTD
- -3.55%
- 6M
- -1.41%
- 1Y
- 23.49%
- 3Y*
- 18.47%
- 5Y*
- 11.96%
- 10Y*
- 14.19%
VTCLX
- 1D
- 0.14%
- 1M
- -3.96%
- YTD
- -3.23%
- 6M
- -1.18%
- 1Y
- 23.71%
- 3Y*
- 18.19%
- 5Y*
- 11.24%
- 10Y*
- 14.13%
VOO vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | -3.55% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | -3.23% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between VOO 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. Consider pairing with a less correlated asset class instead.
VOO vs. VTCLX - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than VTCLX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
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Return for Risk
VOO vs. VTCLX — Risk / Return Rank
VOO
VTCLX
VOO vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.
| VOO | VTCLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.96 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.48 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.52 | +0.01 |
Martin ratioReturn relative to average drawdown | 7.13 | 7.20 | -0.07 |
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
| VOO | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.96 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.66 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.78 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.50 | +0.33 |
Drawdowns
VOO vs. VTCLX - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VOO and VTCLX.
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Drawdown Indicators
| VOO | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -55.18% | +21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -8.79% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -24.98% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -34.56% | +0.57% |
Current DrawdownCurrent decline from peak | -5.44% | -5.31% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -7.61% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.57% | 0.00% |
Volatility
VOO vs. VTCLX - Volatility Comparison
Vanguard S&P 500 ETF (VOO) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) have volatilities of 5.27% and 5.36%, 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
| VOO | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 5.36% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 9.70% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 18.43% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 17.22% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 18.25% | -0.27% |
Dividends
VOO vs. VTCLX - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.18%, more than VTCLX's 0.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.97% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |