VTCIX vs. VTI
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Vanguard Total Stock Market ETF (VTI).
VTCIX is managed by BlackRock. It was launched on Feb 24, 1999. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on Jun 27, 2016.
Performance
VTCIX vs. VTI - Performance Comparison
Loading graphics...
VTCIX vs. VTI - 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% |
VTI Vanguard Total Stock Market ETF | -4.01% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
Returns By Period
In the year-to-date period, VTCIX achieves a -6.78% return, which is significantly lower than VTI's -4.01% return. Both investments have delivered pretty close results over the past 10 years, with VTCIX having a 13.69% annualized return and VTI not far behind at 13.60%.
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%
VTI
- 1D
- 2.93%
- 1M
- -5.00%
- YTD
- -4.01%
- 6M
- -1.66%
- 1Y
- 18.11%
- 3Y*
- 17.84%
- 5Y*
- 10.46%
- 10Y*
- 13.60%
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. VTI - Expense Ratio Comparison
VTCIX has a 0.06% expense ratio, which is higher than VTI'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%.
Return for Risk
VTCIX vs. VTI — Risk / Return Rank
VTCIX
VTI
VTCIX vs. VTI - 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 Total Stock Market ETF (VTI). 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 | VTI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.96 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.48 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.52 | -0.46 |
Martin ratioReturn relative to average drawdown | 5.19 | 7.26 | -2.07 |
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 | VTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.96 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.60 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.75 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.48 | -0.05 |
Correlation
The correlation between VTCIX and VTI 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.
Dividends
VTCIX vs. VTI - Dividend Comparison
VTCIX's dividend yield for the trailing twelve months is around 1.04%, less than VTI's 1.17% 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% |
VTI Vanguard Total Stock Market ETF | 1.17% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Drawdowns
VTCIX vs. VTI - Drawdown Comparison
The maximum VTCIX drawdown since its inception was -55.17%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VTCIX and VTI.
Loading graphics...
Drawdown Indicators
| VTCIX | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.17% | -55.45% | +0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -12.30% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.96% | -25.36% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -35.00% | +0.44% |
Current DrawdownCurrent decline from peak | -8.79% | -6.25% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -8.08% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.58% | -0.08% |
Volatility
VTCIX vs. VTI - Volatility Comparison
The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is 4.33%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 5.45%. This indicates that VTCIX experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VTCIX | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.45% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 9.73% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 19.01% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 17.42% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 18.29% | -0.06% |