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VTCIX vs. FSPGX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VTCIX vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Fidelity Large Cap Growth Index Fund (FSPGX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.92%
14.10%
VTCIX
FSPGX

Returns By Period

In the year-to-date period, VTCIX achieves a 25.47% return, which is significantly lower than FSPGX's 30.54% return.


VTCIX

YTD

25.47%

1M

2.38%

6M

13.73%

1Y

32.12%

5Y (annualized)

15.54%

10Y (annualized)

13.14%

FSPGX

YTD

30.54%

1M

2.39%

6M

15.06%

1Y

36.17%

5Y (annualized)

19.56%

10Y (annualized)

N/A

Key characteristics


VTCIXFSPGX
Sharpe Ratio2.632.19
Sortino Ratio3.502.85
Omega Ratio1.491.40
Calmar Ratio3.822.80
Martin Ratio16.7310.97
Ulcer Index1.95%3.35%
Daily Std Dev12.44%16.80%
Max Drawdown-55.17%-32.66%
Current Drawdown-0.80%-1.26%

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VTCIX vs. FSPGX - Expense Ratio Comparison

VTCIX has a 0.06% expense ratio, which is higher than FSPGX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


VTCIX
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares
Expense ratio chart for VTCIX: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%
Expense ratio chart for FSPGX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.00.9

The correlation between VTCIX and FSPGX is 0.94, 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.

Risk-Adjusted Performance

VTCIX vs. FSPGX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Fidelity Large Cap Growth Index Fund (FSPGX). 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.


Sharpe ratio
The chart of Sharpe ratio for VTCIX, currently valued at 2.63, compared to the broader market-1.000.001.002.003.004.005.002.632.19
The chart of Sortino ratio for VTCIX, currently valued at 3.50, compared to the broader market0.005.0010.003.502.85
The chart of Omega ratio for VTCIX, currently valued at 1.49, compared to the broader market1.002.003.004.001.491.40
The chart of Calmar ratio for VTCIX, currently valued at 3.81, compared to the broader market0.005.0010.0015.0020.0025.003.822.80
The chart of Martin ratio for VTCIX, currently valued at 16.73, compared to the broader market0.0020.0040.0060.0080.00100.0016.7310.97
VTCIX
FSPGX

The current VTCIX Sharpe Ratio is 2.63, which is comparable to the FSPGX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of VTCIX and FSPGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.63
2.19
VTCIX
FSPGX

Dividends

VTCIX vs. FSPGX - Dividend Comparison

VTCIX's dividend yield for the trailing twelve months is around 1.09%, more than FSPGX's 0.43% yield.


TTM20232022202120202019201820172016201520142013
VTCIX
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares
1.09%1.27%1.50%1.07%1.34%1.55%1.87%1.60%1.79%1.73%1.59%1.55%
FSPGX
Fidelity Large Cap Growth Index Fund
0.43%0.73%0.86%0.54%0.74%0.99%1.14%0.99%0.30%0.00%0.00%0.00%

Drawdowns

VTCIX vs. FSPGX - Drawdown Comparison

The maximum VTCIX drawdown since its inception was -55.17%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for VTCIX and FSPGX. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.80%
-1.26%
VTCIX
FSPGX

Volatility

VTCIX vs. FSPGX - Volatility Comparison

The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is 4.11%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.32%. This indicates that VTCIX experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.11%
5.32%
VTCIX
FSPGX