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

Key characteristics


VTCIXTWCUX
YTD Return26.48%29.71%
1Y Return37.69%33.05%
3Y Return (Ann)9.52%0.76%
5Y Return (Ann)15.90%13.52%
10Y Return (Ann)13.42%10.06%
Sharpe Ratio3.171.97
Sortino Ratio4.202.52
Omega Ratio1.591.37
Calmar Ratio4.651.46
Martin Ratio20.568.82
Ulcer Index1.94%4.05%
Daily Std Dev12.51%18.11%
Max Drawdown-55.17%-72.83%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.9

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

In the year-to-date period, VTCIX achieves a 26.48% return, which is significantly lower than TWCUX's 29.71% return. Over the past 10 years, VTCIX has outperformed TWCUX with an annualized return of 13.42%, while TWCUX has yielded a comparatively lower 10.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
15.60%
16.32%
VTCIX
TWCUX

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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.


TWCUX
American Century Ultra Fund
Expense ratio chart for TWCUX: current value at 0.93% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.93%
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%

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.


VTCIX
Sharpe ratio
The chart of Sharpe ratio for VTCIX, currently valued at 3.17, compared to the broader market0.002.004.003.17
Sortino ratio
The chart of Sortino ratio for VTCIX, currently valued at 4.20, compared to the broader market0.005.0010.004.20
Omega ratio
The chart of Omega ratio for VTCIX, currently valued at 1.59, compared to the broader market1.002.003.004.001.59
Calmar ratio
The chart of Calmar ratio for VTCIX, currently valued at 4.65, compared to the broader market0.005.0010.0015.0020.0025.004.65
Martin ratio
The chart of Martin ratio for VTCIX, currently valued at 20.56, compared to the broader market0.0020.0040.0060.0080.00100.0020.56
TWCUX
Sharpe ratio
The chart of Sharpe ratio for TWCUX, currently valued at 1.97, compared to the broader market0.002.004.001.97
Sortino ratio
The chart of Sortino ratio for TWCUX, currently valued at 2.52, compared to the broader market0.005.0010.002.52
Omega ratio
The chart of Omega ratio for TWCUX, currently valued at 1.37, compared to the broader market1.002.003.004.001.37
Calmar ratio
The chart of Calmar ratio for TWCUX, currently valued at 1.46, compared to the broader market0.005.0010.0015.0020.0025.001.46
Martin ratio
The chart of Martin ratio for TWCUX, currently valued at 8.82, compared to the broader market0.0020.0040.0060.0080.00100.008.82

VTCIX vs. TWCUX - Sharpe Ratio Comparison

The current VTCIX Sharpe Ratio is 3.17, which is higher than the TWCUX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of VTCIX and TWCUX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
3.17
1.97
VTCIX
TWCUX

Dividends

VTCIX vs. TWCUX - Dividend Comparison

VTCIX's dividend yield for the trailing twelve months is around 1.08%, while TWCUX has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
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%
TWCUX
American Century Ultra Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.17%0.29%0.24%0.34%0.30%

Drawdowns

VTCIX vs. TWCUX - Drawdown Comparison

The maximum VTCIX drawdown since its inception was -55.17%, smaller than the maximum TWCUX drawdown of -72.83%. Use the drawdown chart below to compare losses from any high point for VTCIX and TWCUX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
VTCIX
TWCUX

Volatility

VTCIX vs. TWCUX - Volatility Comparison

The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is 4.00%, while American Century Ultra Fund (TWCUX) has a volatility of 5.25%. 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.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.00%
5.25%
VTCIX
TWCUX