VTCIX vs. VONE
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Vanguard Russell 1000 ETF (VONE).
VTCIX is managed by BlackRock. It was launched on Feb 24, 1999. VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010.
Performance
VTCIX vs. VONE - Performance Comparison
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VTCIX vs. VONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | -6.78% | 17.48% | 23.81% | 26.65% | -19.05% | 26.92% | 21.09% | 31.51% | -4.95% | 22.44% |
VONE Vanguard Russell 1000 ETF | -4.22% | 17.21% | 24.51% | 26.41% | -19.14% | 26.49% | 20.95% | 31.12% | -4.84% | 21.55% |
Returns By Period
In the year-to-date period, VTCIX achieves a -6.78% return, which is significantly lower than VONE's -4.22% return. Both investments have delivered pretty close results over the past 10 years, with VTCIX having a 13.69% annualized return and VONE not far ahead at 13.81%.
VTCIX
- 1D
- -0.40%
- 1M
- -7.66%
- YTD
- -6.78%
- 6M
- -4.37%
- 1Y
- 14.68%
- 3Y*
- 16.87%
- 5Y*
- 10.72%
- 10Y*
- 13.69%
VONE
- 1D
- 2.94%
- 1M
- -4.97%
- YTD
- -4.22%
- 6M
- -1.83%
- 1Y
- 17.59%
- 3Y*
- 18.08%
- 5Y*
- 10.99%
- 10Y*
- 13.81%
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VTCIX vs. VONE - Expense Ratio Comparison
VTCIX has a 0.06% expense ratio, which is lower than VONE's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VTCIX vs. VONE — Risk / Return Rank
VTCIX
VONE
VTCIX vs. VONE - 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 Vanguard Russell 1000 ETF (VONE). 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 | VONE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.97 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.48 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.50 | -0.44 |
Martin ratioReturn relative to average drawdown | 5.19 | 7.13 | -1.94 |
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 | VONE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.97 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.65 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.76 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.80 | -0.37 |
Correlation
The correlation between VTCIX and VONE is 0.98, 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. VONE - Dividend Comparison
VTCIX's dividend yield for the trailing twelve months is around 1.04%, less than VONE's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | 1.04% | 0.96% | 1.07% | 1.27% | 1.50% | 1.07% | 1.34% | 1.55% | 1.86% | 1.60% | 1.79% | 1.73% |
VONE Vanguard Russell 1000 ETF | 1.14% | 1.07% | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.65% | 1.96% | 1.69% | 1.89% | 1.89% |
Drawdowns
VTCIX vs. VONE - Drawdown Comparison
The maximum VTCIX drawdown since its inception was -55.17%, which is greater than VONE's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for VTCIX and VONE.
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Drawdown Indicators
| VTCIX | VONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.17% | -34.66% | -20.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -12.11% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.96% | -25.12% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -34.66% | +0.10% |
Current DrawdownCurrent decline from peak | -8.79% | -6.17% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -3.94% | -8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.55% | -0.05% |
Volatility
VTCIX vs. VONE - Volatility Comparison
The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is 4.33%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 5.36%. This indicates that VTCIX experiences smaller price fluctuations and is considered to be less risky than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTCIX | VONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.36% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 9.59% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 18.20% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 17.09% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 18.23% | 0.00% |