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

Performance

VTCIX vs. VTSAX - 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 Index Fund Admiral Shares (VTSAX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
11.71%
12.08%
VTCIX
VTSAX

Returns By Period

The year-to-date returns for both investments are quite close, with VTCIX having a 24.59% return and VTSAX slightly higher at 24.67%. Both investments have delivered pretty close results over the past 10 years, with VTCIX having a 13.11% annualized return and VTSAX not far behind at 12.62%.


VTCIX

YTD

24.59%

1M

1.32%

6M

11.70%

1Y

31.47%

5Y (annualized)

15.43%

10Y (annualized)

13.11%

VTSAX

YTD

24.67%

1M

1.37%

6M

12.08%

1Y

32.15%

5Y (annualized)

14.98%

10Y (annualized)

12.62%

Key characteristics


VTCIXVTSAX
Sharpe Ratio2.612.64
Sortino Ratio3.483.52
Omega Ratio1.481.48
Calmar Ratio3.793.87
Martin Ratio16.6416.85
Ulcer Index1.95%1.96%
Daily Std Dev12.45%12.56%
Max Drawdown-55.17%-55.34%
Current Drawdown-1.49%-1.55%

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VTCIX vs. VTSAX - Expense Ratio Comparison

VTCIX has a 0.06% expense ratio, which is higher than VTSAX's 0.04% 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 VTSAX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.01.0

The correlation between VTCIX and VTSAX 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.

Risk-Adjusted Performance

VTCIX vs. VTSAX - 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 Index Fund Admiral Shares (VTSAX). 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 2.61, compared to the broader market0.002.004.002.612.64
The chart of Sortino ratio for VTCIX, currently valued at 3.48, compared to the broader market0.005.0010.003.483.52
The chart of Omega ratio for VTCIX, currently valued at 1.48, compared to the broader market1.002.003.004.001.481.48
The chart of Calmar ratio for VTCIX, currently valued at 3.79, compared to the broader market0.005.0010.0015.0020.0025.003.793.87
The chart of Martin ratio for VTCIX, currently valued at 16.64, compared to the broader market0.0020.0040.0060.0080.00100.0016.6416.85
VTCIX
VTSAX

The current VTCIX Sharpe Ratio is 2.61, which is comparable to the VTSAX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of VTCIX and VTSAX, 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
2.61
2.64
VTCIX
VTSAX

Dividends

VTCIX vs. VTSAX - Dividend Comparison

VTCIX's dividend yield for the trailing twelve months is around 1.09%, less than VTSAX's 1.27% 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%
VTSAX
Vanguard Total Stock Market Index Fund Admiral Shares
1.27%1.43%1.65%1.20%1.41%1.77%2.04%1.71%1.92%1.98%1.76%1.74%

Drawdowns

VTCIX vs. VTSAX - Drawdown Comparison

The maximum VTCIX drawdown since its inception was -55.17%, roughly equal to the maximum VTSAX drawdown of -55.34%. Use the drawdown chart below to compare losses from any high point for VTCIX and VTSAX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.49%
-1.55%
VTCIX
VTSAX

Volatility

VTCIX vs. VTSAX - Volatility Comparison

Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) have volatilities of 4.21% and 4.26%, 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%
4.26%
VTCIX
VTSAX