VTCLX vs. QUAL
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
VTCLX is managed by Blackrock. It was launched on Sep 6, 1994. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTCLX or QUAL.
Key characteristics
| VTCLX | QUAL | |
|---|---|---|
| YTD Return | 22.21% | 23.61% |
| 1Y Return | 41.16% | 41.23% |
| 3Y Return (Ann) | 8.86% | 9.83% |
| 5Y Return (Ann) | 15.52% | 15.52% |
| 10Y Return (Ann) | 13.12% | 13.27% |
| Sharpe Ratio | 3.47 | 3.42 |
| Sortino Ratio | 4.56 | 4.67 |
| Omega Ratio | 1.65 | 1.63 |
| Calmar Ratio | 3.64 | 4.58 |
| Martin Ratio | 22.31 | 22.08 |
| Ulcer Index | 1.92% | 1.95% |
| Daily Std Dev | 12.35% | 12.57% |
| Max Drawdown | -55.18% | -34.06% |
| Current Drawdown | -0.58% | -1.44% |
Correlation
The correlation between VTCLX and QUAL is 0.96, 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.
Performance
VTCLX vs. QUAL - Performance Comparison
In the year-to-date period, VTCLX achieves a 22.21% return, which is significantly lower than QUAL's 23.61% return. Both investments have delivered pretty close results over the past 10 years, with VTCLX having a 13.12% annualized return and QUAL not far ahead at 13.27%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VTCLX vs. QUAL - Expense Ratio Comparison
VTCLX has a 0.09% expense ratio, which is lower than QUAL's 0.15% 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%.
Risk-Adjusted Performance
VTCLX vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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.
Dividends
VTCLX vs. QUAL - Dividend Comparison
VTCLX's dividend yield for the trailing twelve months is around 1.09%, more than QUAL's 1.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 1.09% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% | 1.56% | 1.52% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 1.00% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
VTCLX vs. QUAL - Drawdown Comparison
The maximum VTCLX drawdown since its inception was -55.18%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for VTCLX and QUAL. For additional features, visit the drawdowns tool.
Volatility
VTCLX vs. QUAL - Volatility Comparison
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and iShares Edge MSCI USA Quality Factor ETF (QUAL) have volatilities of 2.73% and 2.77%, 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.