VTCIX vs. FSPGX
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Fidelity Large Cap Growth Index Fund (FSPGX).
VTCIX is managed by BlackRock. It was launched on Feb 24, 1999. FSPGX is managed by Fidelity.
Performance
VTCIX vs. FSPGX - Performance Comparison
Loading graphics...
VTCIX vs. FSPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | -6.78% | 17.48% | 23.81% | 26.65% | -19.05% | 26.92% | 21.09% | 31.51% | -4.95% | 21.43% |
FSPGX Fidelity Large Cap Growth Index Fund | -13.03% | 18.54% | 33.27% | 42.77% | -29.17% | 27.57% | 38.46% | 36.38% | -1.79% | 27.70% |
Returns By Period
In the year-to-date period, VTCIX achieves a -6.78% return, which is significantly higher than FSPGX's -13.03% return.
VTCIX
- 1D
- -0.40%
- 1M
- -7.66%
- YTD
- -6.78%
- 6M
- -4.37%
- 1Y
- 14.68%
- 3Y*
- 16.87%
- 5Y*
- 10.72%
- 10Y*
- 13.69%
FSPGX
- 1D
- -0.45%
- 1M
- -8.63%
- YTD
- -13.03%
- 6M
- -12.06%
- 1Y
- 14.49%
- 3Y*
- 19.68%
- 5Y*
- 11.91%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
Return for Risk
VTCIX vs. FSPGX — Risk / Return Rank
VTCIX
FSPGX
VTCIX vs. FSPGX - Risk-Adjusted Trends 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.
| VTCIX | FSPGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.66 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.10 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.72 | +0.34 |
Martin ratioReturn relative to average drawdown | 5.19 | 2.51 | +2.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VTCIX | FSPGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.66 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.56 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.78 | -0.35 |
Correlation
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.
Dividends
VTCIX vs. FSPGX - Dividend Comparison
VTCIX's dividend yield for the trailing twelve months is around 1.04%, more than FSPGX's 0.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | 1.04% | 0.96% | 1.07% | 1.27% | 1.50% | 1.07% | 1.34% | 1.55% | 1.86% | 1.60% | 1.79% | 1.73% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.40% | 0.34% | 0.37% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.32% | 0.22% | 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.
Loading graphics...
Drawdown Indicators
| VTCIX | FSPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.17% | -32.66% | -22.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -16.17% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -24.96% | -32.66% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | — | — |
Current DrawdownCurrent decline from peak | -8.79% | -16.17% | +7.38% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -6.43% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 4.63% | -2.13% |
Volatility
VTCIX vs. FSPGX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is 4.33%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.33%. 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.
Loading graphics...
Volatility by Period
| VTCIX | FSPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.33% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 11.79% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 22.32% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 21.46% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 21.63% | -3.40% |