VTCLX vs. IWO
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and iShares Russell 2000 Growth ETF (IWO).
VTCLX is managed by BlackRock. It was launched on Sep 6, 1994. IWO is a passively managed fund by iShares that tracks the performance of the Russell 2000 Growth Index. It was launched on Jul 24, 2000.
Performance
VTCLX vs. IWO - Performance Comparison
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VTCLX vs. IWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | -6.78% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
IWO iShares Russell 2000 Growth ETF | -2.82% | 12.90% | 15.04% | 18.51% | -26.27% | 2.54% | 34.68% | 28.48% | -9.43% | 22.25% |
Returns By Period
In the year-to-date period, VTCLX achieves a -6.78% return, which is significantly lower than IWO's -2.82% return. Over the past 10 years, VTCLX has outperformed IWO with an annualized return of 13.66%, while IWO has yielded a comparatively lower 9.67% annualized return.
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%
IWO
- 1D
- 4.25%
- 1M
- -6.37%
- YTD
- -2.82%
- 6M
- -1.70%
- 1Y
- 23.40%
- 3Y*
- 12.18%
- 5Y*
- 1.22%
- 10Y*
- 9.67%
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VTCLX vs. IWO - Expense Ratio Comparison
VTCLX has a 0.09% expense ratio, which is lower than IWO's 0.24% 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%.
Return for Risk
VTCLX vs. IWO — Risk / Return Rank
VTCLX
IWO
VTCLX vs. IWO - 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 iShares Russell 2000 Growth ETF (IWO). 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 | IWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.93 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.44 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.51 | -0.45 |
Martin ratioReturn relative to average drawdown | 5.18 | 5.11 | +0.07 |
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 | IWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.93 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.05 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.40 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.25 | +0.24 |
Correlation
The correlation between VTCLX and IWO is 0.87, 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. IWO - Dividend Comparison
VTCLX's dividend yield for the trailing twelve months is around 1.01%, more than IWO's 0.48% 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% |
IWO iShares Russell 2000 Growth ETF | 0.48% | 0.56% | 0.80% | 0.73% | 0.73% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% |
Drawdowns
VTCLX vs. IWO - Drawdown Comparison
The maximum VTCLX drawdown since its inception was -55.18%, smaller than the maximum IWO drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for VTCLX and IWO.
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Drawdown Indicators
| VTCLX | IWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -60.11% | +4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -14.87% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | -40.51% | +15.53% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -42.02% | +7.46% |
Current DrawdownCurrent decline from peak | -8.79% | -11.25% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -16.80% | +9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 4.39% | -1.89% |
Volatility
VTCLX vs. IWO - Volatility Comparison
The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) is 4.33%, while iShares Russell 2000 Growth ETF (IWO) has a volatility of 8.73%. This indicates that VTCLX experiences smaller price fluctuations and is considered to be less risky than IWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTCLX | IWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 8.73% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 16.53% | -7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 25.23% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 24.47% | -7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 24.06% | -5.82% |