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

Key characteristics


VTCIXVFIAX
YTD Return26.48%27.24%
1Y Return37.69%37.81%
3Y Return (Ann)9.52%10.32%
5Y Return (Ann)15.90%16.00%
10Y Return (Ann)13.42%13.43%
Sharpe Ratio3.173.24
Sortino Ratio4.204.29
Omega Ratio1.591.61
Calmar Ratio4.654.73
Martin Ratio20.5621.42
Ulcer Index1.94%1.87%
Daily Std Dev12.51%12.29%
Max Drawdown-55.17%-55.20%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.01.0

The correlation between VTCIX and VFIAX is 1.00, 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. VFIAX - Performance Comparison

The year-to-date returns for both investments are quite close, with VTCIX having a 26.48% return and VFIAX slightly higher at 27.24%. Both investments have delivered pretty close results over the past 10 years, with VTCIX having a 13.42% annualized return and VFIAX not far ahead at 13.43%. 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
15.01%
15.11%
VTCIX
VFIAX

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VTCIX vs. VFIAX - Expense Ratio Comparison

VTCIX has a 0.06% expense ratio, which is higher than VFIAX'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 VFIAX: 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. VFIAX - 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 Vanguard 500 Index Fund Admiral Shares (VFIAX). 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 market0.005.0010.0015.0020.004.65
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
VFIAX
Sharpe ratio
The chart of Sharpe ratio for VFIAX, currently valued at 3.24, compared to the broader market0.002.004.003.24
Sortino ratio
The chart of Sortino ratio for VFIAX, currently valued at 4.29, compared to the broader market0.005.0010.004.29
Omega ratio
The chart of Omega ratio for VFIAX, currently valued at 1.61, compared to the broader market1.002.003.004.001.61
Calmar ratio
The chart of Calmar ratio for VFIAX, currently valued at 4.73, compared to the broader market0.005.0010.0015.0020.004.73
Martin ratio
The chart of Martin ratio for VFIAX, currently valued at 21.42, compared to the broader market0.0020.0040.0060.0080.00100.0021.42

VTCIX vs. VFIAX - Sharpe Ratio Comparison

The current VTCIX Sharpe Ratio is 3.17, which is comparable to the VFIAX Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of VTCIX and VFIAX, 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 Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
3.17
3.24
VTCIX
VFIAX

Dividends

VTCIX vs. VFIAX - Dividend Comparison

VTCIX's dividend yield for the trailing twelve months is around 1.08%, less than VFIAX's 1.22% yield.


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%
VFIAX
Vanguard 500 Index Fund Admiral Shares
1.22%1.45%1.68%1.24%1.53%1.87%2.05%1.78%2.02%2.10%1.85%1.84%

Drawdowns

VTCIX vs. VFIAX - Drawdown Comparison

The maximum VTCIX drawdown since its inception was -55.17%, roughly equal to the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for VTCIX and VFIAX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
VTCIX
VFIAX

Volatility

VTCIX vs. VFIAX - Volatility Comparison

Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Vanguard 500 Index Fund Admiral Shares (VFIAX) have volatilities of 4.00% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.00%
3.89%
VTCIX
VFIAX