VTCIX vs. PRWCX
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
VTCIX is managed by Blackrock. It was launched on Feb 24, 1999. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTCIX or PRWCX.
Performance
VTCIX vs. PRWCX - Performance Comparison
Returns By Period
In the year-to-date period, VTCIX achieves a 26.06% return, which is significantly higher than PRWCX's 14.01% return. Over the past 10 years, VTCIX has outperformed PRWCX with an annualized return of 13.21%, while PRWCX has yielded a comparatively lower 10.66% annualized return.
VTCIX
26.06%
3.80%
13.45%
32.74%
15.63%
13.21%
PRWCX
14.01%
1.28%
7.78%
19.33%
11.37%
10.66%
Key characteristics
| VTCIX | PRWCX | |
|---|---|---|
| Sharpe Ratio | 2.63 | 2.56 |
| Sortino Ratio | 3.50 | 3.54 |
| Omega Ratio | 1.49 | 1.48 |
| Calmar Ratio | 3.82 | 5.80 |
| Martin Ratio | 16.76 | 20.32 |
| Ulcer Index | 1.95% | 0.95% |
| Daily Std Dev | 12.44% | 7.54% |
| Max Drawdown | -55.17% | -41.77% |
| Current Drawdown | -0.34% | -0.72% |
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VTCIX vs. PRWCX - Expense Ratio Comparison
VTCIX has a 0.06% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Correlation
The correlation between VTCIX and PRWCX is 0.88, 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. PRWCX - 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 T. Rowe Price Capital Appreciation Fund (PRWCX). 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.
Dividends
VTCIX vs. PRWCX - Dividend Comparison
VTCIX's dividend yield for the trailing twelve months is around 1.08%, less than PRWCX's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | 1.08% | 1.27% | 1.50% | 1.07% | 1.34% | 1.55% | 1.87% | 1.60% | 1.79% | 1.73% | 1.59% | 1.55% |
PRWCX T. Rowe Price Capital Appreciation Fund | 1.85% | 2.11% | 1.57% | 0.95% | 1.17% | 1.54% | 2.53% | 1.31% | 1.57% | 1.52% | 1.42% | 1.13% |
Drawdowns
VTCIX vs. PRWCX - Drawdown Comparison
The maximum VTCIX drawdown since its inception was -55.17%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for VTCIX and PRWCX. For additional features, visit the drawdowns tool.
Volatility
VTCIX vs. PRWCX - Volatility Comparison
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) has a higher volatility of 4.12% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 2.60%. This indicates that VTCIX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.