VTCIX vs. VTCLX
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX).
VTCIX is managed by BlackRock. It was launched on Feb 24, 1999. VTCLX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
VTCIX vs. VTCLX - Performance Comparison
Loading graphics...
VTCIX vs. VTCLX - 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% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | -6.78% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VTCIX at -6.78% and VTCLX at -6.78%. Both investments have delivered pretty close results over the past 10 years, with VTCIX having a 13.69% annualized return and VTCLX not far behind at 13.66%.
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%
VTCLX
- 1D
- -0.40%
- 1M
- -7.66%
- YTD
- -6.78%
- 6M
- -4.38%
- 1Y
- 14.65%
- 3Y*
- 16.84%
- 5Y*
- 10.69%
- 10Y*
- 13.66%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VTCIX vs. VTCLX - Expense Ratio Comparison
VTCIX has a 0.06% expense ratio, which is lower than VTCLX's 0.09% 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. VTCLX — Risk / Return Rank
VTCIX
VTCLX
VTCIX vs. VTCLX - 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 Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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 | VTCLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.84 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.30 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.06 | 0.00 |
Martin ratioReturn relative to average drawdown | 5.19 | 5.18 | +0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VTCIX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.84 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.63 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.75 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.49 | -0.06 |
Correlation
The correlation between VTCIX and VTCLX 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.
Dividends
VTCIX vs. VTCLX - Dividend Comparison
VTCIX's dividend yield for the trailing twelve months is around 1.04%, more than VTCLX's 1.01% 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% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 1.01% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Drawdowns
VTCIX vs. VTCLX - Drawdown Comparison
The maximum VTCIX drawdown since its inception was -55.17%, roughly equal to the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VTCIX and VTCLX.
Loading graphics...
Drawdown Indicators
| VTCIX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.17% | -55.18% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -12.20% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.96% | -24.98% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -34.56% | 0.00% |
Current DrawdownCurrent decline from peak | -8.79% | -8.79% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -7.61% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.50% | 0.00% |
Volatility
VTCIX vs. VTCLX - Volatility Comparison
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) have volatilities of 4.33% and 4.33%, 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.
Loading graphics...
Volatility by Period
| VTCIX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.33% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 9.24% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 18.24% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 17.19% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 18.24% | -0.01% |