VTCLX vs. IGIAX

Last updated Aug 4, 2026

VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) and IGIAX (Integrity ESG Growth & Income Fund) are both Large Cap Blend Equities funds. Over the past 10 years, VTCLX returned 15.01%/yr vs 14.82%/yr for IGIAX. Their correlation of 0.92 means they have usually moved in the same direction. VTCLX charges 0.05%/yr vs 1.24%/yr for IGIAX.

Performance

VTCLX vs. IGIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and Integrity ESG Growth & Income Fund (IGIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTCLX achieves a 9.93% return, which is significantly lower than IGIAX's 21.87% return. Both investments have delivered pretty close results over the past 10 years, with VTCLX having a 15.01% annualized return and IGIAX not far behind at 14.82%.

VTCLX

• 1D: 0.60%
• 1M: -0.20%
• 6M: 7.78%
• YTD: 9.93%
• 1Y: 21.13%
• 3Y*: 18.88%
• 5Y*: 12.06%
• 10Y*: 15.01%
• ALL TIME*: 10.11%

IGIAX

• 1D: 2.20%
• 1M: -2.65%
• 6M: 18.01%
• YTD: 21.87%
• 1Y: 32.73%
• 3Y*: 21.08%
• 5Y*: 12.94%
• 10Y*: 14.82%
• ALL TIME*: 10.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGIAX Integrity ESG Growth & Income Fund	$0.00	$0.00	$0.00
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	$0.00	$0.00	$0.00

VTCLX vs. IGIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	9.93%	17.44%	23.76%	26.62%	-19.07%	26.87%	21.08%	31.47%	-4.98%	22.40%
IGIAX Integrity ESG Growth & Income Fund	21.87%	18.60%	17.24%	25.24%	-21.32%	27.62%	17.14%	33.11%	-1.83%	18.69%

Correlation

The correlation between VTCLX and IGIAX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001	0.92

The correlation between VTCLX and IGIAX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

VTCLX vs. IGIAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VTCLX

VTCLX Risk / Return Rank: 57
VTCLX Sharpe Ratio Rank: 52
VTCLX Sortino Ratio Rank: 50
VTCLX Omega Ratio Rank: 49
VTCLX Calmar Ratio Rank: 60
VTCLX Martin Ratio Rank: 74

IGIAX

IGIAX Risk / Return Rank: 80
IGIAX Sharpe Ratio Rank: 76
IGIAX Sortino Ratio Rank: 73
IGIAX Omega Ratio Rank: 68
IGIAX Calmar Ratio Rank: 93
IGIAX Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VTCLX vs. IGIAX - 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 Integrity ESG Growth & Income Fund (IGIAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VTCLX	IGIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.76	-0.27
Sortino ratio: Return per unit of downside risk	2.07	2.47	-0.40
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.19	3.77	-1.58
Martin ratio: Return relative to average drawdown	9.51	12.92	-3.41

VTCLX vs. IGIAX - Sharpe Ratio Comparison

The current VTCLX Sharpe Ratio is 1.48, which is comparable to the IGIAX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of VTCLX and IGIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VTCLX vs. IGIAX - Drawdown Comparison

The maximum VTCLX drawdown since its inception was -55.18%, smaller than the maximum IGIAX drawdown of -79.15%. Use the drawdown chart below to compare losses from any high point for VTCLX and IGIAX.

Drawdown Indicators

	VTCLX	IGIAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.18%	-79.15%	+23.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	-7.97%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	-19.58%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-24.98%	-30.18%	+5.20%
Max Drawdown (10Y) Largest decline over 10 years	-34.56%	-31.19%	-3.37%
Current Drawdown Current decline from peak	-1.24%	-5.94%	+4.70%
Average Drawdown Average peak-to-trough decline	-7.53%	-33.19%	+25.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.32%	-0.30%

Volatility

VTCLX vs. IGIAX - Volatility Comparison

The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) is 3.47%, while Integrity ESG Growth & Income Fund (IGIAX) has a volatility of 5.29%. This indicates that VTCLX experiences smaller price fluctuations and is considered to be less risky than IGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTCLX	IGIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	5.29%	-1.82%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	14.11%	-3.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	17.07%	-4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	18.45%	-1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	18.23%	+0.04%

VTCLX vs. IGIAX - Expense Ratio Comparison

VTCLX has a 0.05% expense ratio, which is lower than IGIAX's 1.24% expense ratio.

Dividends

VTCLX vs. IGIAX - Dividend Comparison

VTCLX's dividend yield for the trailing twelve months is around 0.91%, less than IGIAX's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGIAX Integrity ESG Growth & Income Fund	2.97%	3.62%	0.00%	2.23%	1.41%	0.63%	0.62%	9.26%	6.63%	7.31%	2.30%	2.19%
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	0.91%	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

Can I hold both VTCLX and IGIAX in my portfolio?

VTCLX and IGIAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTCLX or IGIAX?

IGIAX has higher volatility (5.29%) compared to VTCLX (3.47%). In terms of maximum drawdown, VTCLX dropped -55.18% vs IGIAX's -79.15%.

Which has better risk-adjusted returns?

IGIAX currently has the higher Sharpe Ratio (1.76 vs 1.48), 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.