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

Performance

VTCIX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.14%
12.48%
VTCIX
VTI

Returns By Period

The year-to-date returns for both investments are quite close, with VTCIX having a 24.70% return and VTI slightly higher at 24.77%. Both investments have delivered pretty close results over the past 10 years, with VTCIX having a 13.11% annualized return and VTI not far behind at 12.63%.


VTCIX

YTD

24.70%

1M

1.67%

6M

12.14%

1Y

31.87%

5Y (annualized)

15.41%

10Y (annualized)

13.11%

VTI

YTD

24.77%

1M

1.74%

6M

12.48%

1Y

32.60%

5Y (annualized)

14.96%

10Y (annualized)

12.63%

Key characteristics


VTCIXVTI
Sharpe Ratio2.542.58
Sortino Ratio3.403.45
Omega Ratio1.471.48
Calmar Ratio3.693.76
Martin Ratio16.1716.48
Ulcer Index1.95%1.96%
Daily Std Dev12.44%12.50%
Max Drawdown-55.17%-55.45%
Current Drawdown-1.41%-1.53%

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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%.


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 VTI: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.01.0

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.

Risk-Adjusted Performance

VTCIX vs. VTI - 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 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.


Sharpe ratio
The chart of Sharpe ratio for VTCIX, currently valued at 2.54, compared to the broader market-1.000.001.002.003.004.005.002.542.58
The chart of Sortino ratio for VTCIX, currently valued at 3.40, compared to the broader market0.005.0010.003.403.45
The chart of Omega ratio for VTCIX, currently valued at 1.47, compared to the broader market1.002.003.004.001.471.48
The chart of Calmar ratio for VTCIX, currently valued at 3.69, compared to the broader market0.005.0010.0015.0020.0025.003.693.76
The chart of Martin ratio for VTCIX, currently valued at 16.17, compared to the broader market0.0020.0040.0060.0080.00100.0016.1716.48
VTCIX
VTI

The current VTCIX Sharpe Ratio is 2.54, which is comparable to the VTI Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of VTCIX and VTI, 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
2.54
2.58
VTCIX
VTI

Dividends

VTCIX vs. VTI - Dividend Comparison

VTCIX's dividend yield for the trailing twelve months is around 1.09%, less than VTI's 1.28% yield.


TTM20232022202120202019201820172016201520142013
VTCIX
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares
1.09%1.27%1.50%1.07%1.34%1.55%1.87%1.60%1.79%1.73%1.59%1.55%
VTI
Vanguard Total Stock Market ETF
1.28%1.44%1.67%1.21%1.42%1.78%2.04%1.71%1.92%1.98%1.76%1.74%

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. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.41%
-1.53%
VTCIX
VTI

Volatility

VTCIX vs. VTI - Volatility Comparison

Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 4.21% and 4.28%, 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
4.21%
4.28%
VTCIX
VTI