VTCIX vs. NASDX
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
VTCIX is managed by BlackRock. It was launched on Feb 24, 1999. NASDX is a passively managed fund by BlackRock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000.
Performance
VTCIX vs. NASDX - Performance Comparison
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VTCIX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | -4.05% | 17.48% | 23.81% | 26.65% | -19.05% | 26.92% | 21.09% | 31.51% | -4.95% | 22.44% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | -6.04% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Returns By Period
In the year-to-date period, VTCIX achieves a -4.05% return, which is significantly higher than NASDX's -6.04% return. Over the past 10 years, VTCIX has underperformed NASDX with an annualized return of 14.02%, while NASDX has yielded a comparatively higher 19.48% annualized return.
VTCIX
- 1D
- 2.93%
- 1M
- -5.03%
- YTD
- -4.05%
- 6M
- -1.89%
- 1Y
- 17.54%
- 3Y*
- 18.00%
- 5Y*
- 11.08%
- 10Y*
- 14.02%
NASDX
- 1D
- 3.39%
- 1M
- -5.03%
- YTD
- -6.04%
- 6M
- -4.08%
- 1Y
- 22.65%
- 3Y*
- 25.90%
- 5Y*
- 14.78%
- 10Y*
- 19.48%
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VTCIX vs. NASDX - Expense Ratio Comparison
VTCIX has a 0.06% expense ratio, which is lower than NASDX's 0.63% expense ratio.
Return for Risk
VTCIX vs. NASDX — Risk / Return Rank
VTCIX
NASDX
VTCIX vs. NASDX - 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 Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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 | NASDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.04 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.63 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.87 | -0.35 |
Martin ratioReturn relative to average drawdown | 7.37 | 7.07 | +0.30 |
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
| VTCIX | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.04 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.64 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.86 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.29 | +0.14 |
Correlation
The correlation between VTCIX and NASDX is 0.90, 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. NASDX - Dividend Comparison
VTCIX's dividend yield for the trailing twelve months is around 1.01%, less than NASDX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | 1.01% | 0.96% | 1.07% | 1.27% | 1.50% | 1.07% | 1.34% | 1.55% | 1.86% | 1.60% | 1.79% | 1.73% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.80% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
Drawdowns
VTCIX vs. NASDX - Drawdown Comparison
The maximum VTCIX drawdown since its inception was -55.17%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for VTCIX and NASDX.
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Drawdown Indicators
| VTCIX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.17% | -83.16% | +27.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -12.70% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.96% | -35.33% | +10.37% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -35.33% | +0.77% |
Current DrawdownCurrent decline from peak | -6.12% | -8.91% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -34.59% | +22.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.37% | -0.84% |
Volatility
VTCIX vs. NASDX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is 5.42%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 6.54%. This indicates that VTCIX experiences smaller price fluctuations and is considered to be less risky than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTCIX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 6.54% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 12.89% | -3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 22.75% | -4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 23.07% | -5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 22.63% | -4.38% |