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

Key characteristics


VTCIXFSPGX
YTD Return17.68%21.46%
1Y Return25.55%33.75%
3Y Return (Ann)8.85%9.59%
5Y Return (Ann)14.87%18.90%
Sharpe Ratio2.051.89
Daily Std Dev13.01%17.16%
Max Drawdown-55.17%-32.66%
Current Drawdown-0.77%-4.10%

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.

Performance

VTCIX vs. FSPGX - Performance Comparison

In the year-to-date period, VTCIX achieves a 17.68% return, which is significantly lower than FSPGX's 21.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%AprilMayJuneJulyAugustSeptember
9.01%
10.48%
VTCIX
FSPGX

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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%

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.


VTCIX
Sharpe ratio
The chart of Sharpe ratio for VTCIX, currently valued at 2.05, compared to the broader market-1.000.001.002.003.004.005.002.05
Sortino ratio
The chart of Sortino ratio for VTCIX, currently valued at 2.75, compared to the broader market0.005.0010.002.76
Omega ratio
The chart of Omega ratio for VTCIX, currently valued at 1.37, compared to the broader market1.002.003.004.001.37
Calmar ratio
The chart of Calmar ratio for VTCIX, currently valued at 2.09, compared to the broader market0.005.0010.0015.0020.002.09
Martin ratio
The chart of Martin ratio for VTCIX, currently valued at 9.84, compared to the broader market0.0020.0040.0060.0080.009.84
FSPGX
Sharpe ratio
The chart of Sharpe ratio for FSPGX, currently valued at 1.89, compared to the broader market-1.000.001.002.003.004.005.001.89
Sortino ratio
The chart of Sortino ratio for FSPGX, currently valued at 2.49, compared to the broader market0.005.0010.002.49
Omega ratio
The chart of Omega ratio for FSPGX, currently valued at 1.34, compared to the broader market1.002.003.004.001.34
Calmar ratio
The chart of Calmar ratio for FSPGX, currently valued at 2.08, compared to the broader market0.005.0010.0015.0020.002.08
Martin ratio
The chart of Martin ratio for FSPGX, currently valued at 8.82, compared to the broader market0.0020.0040.0060.0080.008.82

VTCIX vs. FSPGX - Sharpe Ratio Comparison

The current VTCIX Sharpe Ratio is 2.05, which roughly equals the FSPGX Sharpe Ratio of 1.89. The chart below compares the 12-month rolling Sharpe Ratio of VTCIX and FSPGX.


Rolling 12-month Sharpe Ratio1.502.002.503.00AprilMayJuneJulyAugustSeptember
2.05
1.89
VTCIX
FSPGX

Dividends

VTCIX vs. FSPGX - Dividend Comparison

VTCIX's dividend yield for the trailing twelve months is around 1.14%, more than FSPGX's 0.46% yield.


TTM20232022202120202019201820172016201520142013
VTCIX
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares
1.14%1.27%1.50%1.07%1.34%1.55%1.86%1.60%1.79%1.73%1.59%1.55%
FSPGX
Fidelity Large Cap Growth Index Fund
0.46%0.73%0.86%2.22%1.76%1.04%1.47%1.22%0.29%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%AprilMayJuneJulyAugustSeptember
-0.77%
-4.10%
VTCIX
FSPGX

Volatility

VTCIX vs. FSPGX - Volatility Comparison

The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is 4.42%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 6.10%. 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%AprilMayJuneJulyAugustSeptember
4.42%
6.10%
VTCIX
FSPGX