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 May 24, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTCIX or VTI.
Key characteristics
| VTCIX | VTI | |
|---|---|---|
| YTD Return | 26.15% | 26.35% |
| 1Y Return | 39.49% | 40.48% |
| 3Y Return (Ann) | 9.37% | 8.68% |
| 5Y Return (Ann) | 15.83% | 15.37% |
| 10Y Return (Ann) | 13.38% | 12.90% |
| Sharpe Ratio | 3.04 | 3.10 |
| Sortino Ratio | 4.05 | 4.13 |
| Omega Ratio | 1.57 | 1.58 |
| Calmar Ratio | 4.48 | 4.21 |
| Martin Ratio | 19.79 | 20.25 |
| Ulcer Index | 1.94% | 1.94% |
| Daily Std Dev | 12.60% | 12.68% |
| Max Drawdown | -55.17% | -55.45% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
VTCIX vs. VTI - Performance Comparison
The year-to-date returns for both investments are quite close, with VTCIX having a 26.15% return and VTI slightly higher at 26.35%. Both investments have delivered pretty close results over the past 10 years, with VTCIX having a 13.38% annualized return and VTI not far behind at 12.90%. 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. 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%.
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.
Dividends
VTCIX vs. VTI - Dividend Comparison
VTCIX's dividend yield for the trailing twelve months is around 1.08%, less than VTI's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCIX Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares | 1.08% | 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 | 1.26% | 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.
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 4.03% and 4.11%, 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.