VTCLX vs. BBTBX
VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) and BBTBX (Bridge Builder Core Bond Fund) are both mutual funds - VTCLX is a Large Cap Blend Equities fund managed by BlackRock, while BBTBX is a Intermediate Core Bond fund managed by Bridge Builder. Over the past 10 years, VTCLX returned 15.38%/yr vs 1.79%/yr for BBTBX. At a correlation of -0.07, they often move in opposite directions. VTCLX charges 0.09%/yr vs 0.13%/yr for BBTBX.
Performance
VTCLX vs. BBTBX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VTCLX achieves a 10.53% return, which is significantly higher than BBTBX's -0.08% return. Over the past 10 years, VTCLX has outperformed BBTBX with an annualized return of 15.38%, while BBTBX has yielded a comparatively lower 1.79% annualized return.
VTCLX
- 1D
- -0.70%
- 1M
- 4.04%
- YTD
- 10.53%
- 6M
- 10.36%
- 1Y
- 27.36%
- 3Y*
- 21.92%
- 5Y*
- 13.10%
- 10Y*
- 15.38%
BBTBX
- 1D
- -0.22%
- 1M
- 0.16%
- YTD
- -0.08%
- 6M
- 0.07%
- 1Y
- 4.47%
- 3Y*
- 4.21%
- 5Y*
- 0.15%
- 10Y*
- 1.79%
VTCLX vs. BBTBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 10.53% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
BBTBX Bridge Builder Core Bond Fund | -0.08% | 7.82% | 1.89% | 5.41% | -13.49% | -1.12% | 8.54% | 9.15% | 0.13% | 4.14% |
Correlation
The correlation between VTCLX and BBTBX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2013 | -0.07 |
The correlation between VTCLX and BBTBX shifts across timeframes, from -0.07 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VTCLX vs. BBTBX — Risk / Return Rank
VTCLX
BBTBX
VTCLX vs. BBTBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and Bridge Builder Core Bond Fund (BBTBX). 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.
| VTCLX | BBTBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 1.80 | +1.32 |
| Martin ratioReturn relative to average drawdown | 14.54 | 5.20 | +9.33 |
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 charts...
Sharpe Ratios by Period
| VTCLX | BBTBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.30 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.03 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.36 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.38 | +0.15 |
Drawdowns
VTCLX vs. BBTBX - Drawdown Comparison
The maximum VTCLX drawdown since its inception was -55.18%, which is greater than BBTBX's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for VTCLX and BBTBX.
Loading charts...
Drawdown Indicators
| VTCLX | BBTBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -18.54% | -36.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -2.97% | -5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -6.32% | -12.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | -18.54% | -6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -18.54% | -16.02% |
Current DrawdownCurrent decline from peak | -0.70% | -1.61% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -3.91% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.01% | +0.88% |
Volatility
VTCLX vs. BBTBX - Volatility Comparison
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) has a higher volatility of 2.95% compared to Bridge Builder Core Bond Fund (BBTBX) at 1.35%. This indicates that VTCLX's price experiences larger fluctuations and is considered to be riskier than BBTBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VTCLX | BBTBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 1.35% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 2.94% | +6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 4.13% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 5.97% | +11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 4.94% | +13.33% |
VTCLX vs. BBTBX - Expense Ratio Comparison
VTCLX has a 0.09% expense ratio, which is lower than BBTBX's 0.13% 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%.
Dividends
VTCLX vs. BBTBX - Dividend Comparison
VTCLX's dividend yield for the trailing twelve months is around 0.85%, less than BBTBX's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBTBX Bridge Builder Core Bond Fund | 4.08% | 4.58% | 3.92% | 2.86% | 2.26% | 2.38% | 4.73% | 3.39% | 3.02% | 2.67% | 0.95% | 0.17% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.85% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Frequently Asked Questions
VTCLX and BBTBX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTCLX has higher volatility (2.95%) compared to BBTBX (1.35%). In terms of maximum drawdown, VTCLX dropped -55.18% vs BBTBX's -18.54%.
VTCLX currently has the higher Sharpe Ratio (2.29 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VTCLX and BBTBX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer