VTCIX vs. TWCUX
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and American Century Ultra Fund (TWCUX).
VTCIX is managed by Blackrock. It was launched on Feb 24, 1999. TWCUX is managed by American Century Investments. It was launched on Nov 2, 1981.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTCIX or TWCUX.
Key characteristics
| VTCIX | TWCUX | |
|---|---|---|
| YTD Return | 17.71% | 18.53% |
| 1Y Return | 27.35% | 30.74% |
| 3Y Return (Ann) | 8.90% | 6.05% |
| 5Y Return (Ann) | 15.00% | 18.80% |
| 10Y Return (Ann) | 12.76% | 15.84% |
| Sharpe Ratio | 2.09 | 1.75 |
| Daily Std Dev | 12.93% | 17.65% |
| Max Drawdown | -55.17% | -61.31% |
| Current Drawdown | -0.74% | -6.15% |
Correlation
The correlation between VTCIX and TWCUX 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. TWCUX - Performance Comparison
The year-to-date returns for both investments are quite close, with VTCIX having a 17.71% return and TWCUX slightly higher at 18.53%. Over the past 10 years, VTCIX has underperformed TWCUX with an annualized return of 12.76%, while TWCUX has yielded a comparatively higher 15.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VTCIX vs. TWCUX - Expense Ratio Comparison
VTCIX has a 0.06% expense ratio, which is lower than TWCUX's 0.93% expense ratio.
Risk-Adjusted Performance
VTCIX vs. TWCUX - 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 American Century Ultra Fund (TWCUX). 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. TWCUX - Dividend Comparison
VTCIX's dividend yield for the trailing twelve months is around 1.14%, less than TWCUX's 5.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | 0.89% | 1.27% | 1.50% | 1.07% | 1.34% | 1.55% | 1.86% | 1.60% | 1.79% | 1.73% | 1.59% | 1.55% |
TWCUX American Century Ultra Fund | 5.14% | 6.09% | 7.42% | 6.78% | 2.80% | 4.27% | 8.24% | 6.01% | 4.87% | 5.44% | 7.63% | 4.17% |
Drawdowns
VTCIX vs. TWCUX - Drawdown Comparison
The maximum VTCIX drawdown since its inception was -55.17%, smaller than the maximum TWCUX drawdown of -61.31%. Use the drawdown chart below to compare losses from any high point for VTCIX and TWCUX. For additional features, visit the drawdowns tool.
Volatility
VTCIX vs. TWCUX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is 4.02%, while American Century Ultra Fund (TWCUX) has a volatility of 5.79%. This indicates that VTCIX experiences smaller price fluctuations and is considered to be less risky than TWCUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.