VTCLX vs. ECAT
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and BlackRock ESG Capital Allocation Term Trust (ECAT).
VTCLX is managed by BlackRock. It was launched on Sep 6, 1994. ECAT is managed by BlackRock. It was launched on Sep 28, 2021.
Performance
VTCLX vs. ECAT - Performance Comparison
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VTCLX vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | -6.78% | 17.44% | 23.76% | 26.62% | -19.07% | 8.94% |
ECAT BlackRock ESG Capital Allocation Term Trust | -6.71% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Returns By Period
The year-to-date returns for both investments are quite close, with VTCLX having a -6.78% return and ECAT slightly higher at -6.71%.
VTCLX
- 1D
- -0.40%
- 1M
- -7.66%
- YTD
- -6.78%
- 6M
- -4.38%
- 1Y
- 14.65%
- 3Y*
- 16.84%
- 5Y*
- 10.69%
- 10Y*
- 13.66%
ECAT
- 1D
- 1.49%
- 1M
- -8.56%
- YTD
- -6.71%
- 6M
- -7.80%
- 1Y
- 7.03%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
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VTCLX vs. ECAT - Expense Ratio Comparison
VTCLX has a 0.09% expense ratio, which is lower than ECAT's 1.38% expense ratio.
Return for Risk
VTCLX vs. ECAT — Risk / Return Rank
VTCLX
ECAT
VTCLX vs. ECAT - 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 BlackRock ESG Capital Allocation Term Trust (ECAT). 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 | ECAT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.42 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.30 | 0.68 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.09 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.47 | +0.59 |
Martin ratioReturn relative to average drawdown | 5.18 | 1.75 | +3.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTCLX | ECAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.42 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.32 | +0.18 |
Correlation
The correlation between VTCLX and ECAT is 0.74, 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
VTCLX vs. ECAT - Dividend Comparison
VTCLX's dividend yield for the trailing twelve months is around 1.01%, less than ECAT's 25.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 1.01% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
ECAT BlackRock ESG Capital Allocation Term Trust | 25.39% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VTCLX vs. ECAT - Drawdown Comparison
The maximum VTCLX drawdown since its inception was -55.18%, which is greater than ECAT's maximum drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for VTCLX and ECAT.
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Drawdown Indicators
| VTCLX | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -32.23% | -22.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -12.90% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | — | — |
Current DrawdownCurrent decline from peak | -8.79% | -10.48% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -9.41% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.49% | -0.99% |
Volatility
VTCLX vs. ECAT - Volatility Comparison
The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) is 4.33%, while BlackRock ESG Capital Allocation Term Trust (ECAT) has a volatility of 5.97%. This indicates that VTCLX experiences smaller price fluctuations and is considered to be less risky than ECAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTCLX | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.97% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 10.34% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 16.97% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 16.95% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 16.95% | +1.29% |