VTCIX vs. VOO
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Vanguard S&P 500 ETF (VOO).
VTCIX is managed by Blackrock. It was launched on Feb 24, 1999. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTCIX or VOO.
Key characteristics
| VTCIX | VOO | |
|---|---|---|
| YTD Return | 18.00% | 19.30% |
| 1Y Return | 27.38% | 28.36% |
| 3Y Return (Ann) | 9.00% | 10.06% |
| 5Y Return (Ann) | 14.94% | 15.26% |
| 10Y Return (Ann) | 12.79% | 12.92% |
| Sharpe Ratio | 2.12 | 2.26 |
| Daily Std Dev | 12.92% | 12.63% |
| Max Drawdown | -55.17% | -33.99% |
| Current Drawdown | -0.49% | -0.28% |
Correlation
The correlation between VTCIX and VOO is 0.99, 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. VOO - Performance Comparison
In the year-to-date period, VTCIX achieves a 18.00% return, which is significantly lower than VOO's 19.30% return. Both investments have delivered pretty close results over the past 10 years, with VTCIX having a 12.79% annualized return and VOO not far ahead at 12.92%. 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. VOO - Expense Ratio Comparison
VTCIX has a 0.06% expense ratio, which is higher than VOO's 0.03% 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%.
Risk-Adjusted Performance
VTCIX vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VTCIX's dividend yield for the trailing twelve months is around 1.14%, less than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | 1.14% | 1.27% | 1.50% | 1.07% | 1.34% | 1.55% | 1.86% | 1.60% | 1.79% | 1.73% | 1.59% | 1.55% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VTCIX vs. VOO - Drawdown Comparison
The maximum VTCIX drawdown since its inception was -55.17%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VTCIX and VOO. For additional features, visit the drawdowns tool.
Volatility
VTCIX vs. VOO - Volatility Comparison
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) has a higher volatility of 4.12% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that VTCIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.