VTCLX vs. RETSX
VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) and RETSX (Russell Investment Tax-Managed U.S. Large Cap Fund) are both Large Cap Blend Equities funds from BlackRock. Over the past 10 years, VTCLX returned 15.47%/yr vs 13.31%/yr for RETSX. With a 0.99 correlation, they move nearly in lockstep. VTCLX charges 0.09%/yr vs 0.92%/yr for RETSX.
Performance
VTCLX vs. RETSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VTCLX achieves a 11.31% return, which is significantly higher than RETSX's 9.76% return. Over the past 10 years, VTCLX has outperformed RETSX with an annualized return of 15.47%, while RETSX has yielded a comparatively lower 13.31% annualized return.
VTCLX
- 1D
- 0.22%
- 1M
- 5.61%
- YTD
- 11.31%
- 6M
- 11.26%
- 1Y
- 28.29%
- 3Y*
- 22.21%
- 5Y*
- 13.46%
- 10Y*
- 15.47%
RETSX
- 1D
- -0.07%
- 1M
- 5.72%
- YTD
- 9.76%
- 6M
- 9.96%
- 1Y
- 24.28%
- 3Y*
- 19.33%
- 5Y*
- 11.38%
- 10Y*
- 13.31%
VTCLX vs. RETSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 11.31% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
RETSX Russell Investment Tax-Managed U.S. Large Cap Fund | 9.76% | 14.45% | 20.43% | 24.74% | -18.96% | 24.82% | 17.70% | 28.94% | -6.97% | 21.51% |
Correlation
The correlation between VTCLX and RETSX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2001 | 0.99 |
The correlation between VTCLX and RETSX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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. RETSX — Risk / Return Rank
VTCLX
RETSX
VTCLX vs. RETSX - 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 Russell Investment Tax-Managed U.S. Large Cap Fund (RETSX). 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 | RETSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 2.72 | +0.60 |
| Martin ratioReturn relative to average drawdown | 15.43 | 11.86 | +3.57 |
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 | RETSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.16 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.68 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.75 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.46 | +0.07 |
Drawdowns
VTCLX vs. RETSX - Drawdown Comparison
The maximum VTCLX drawdown since its inception was -55.18%, roughly equal to the maximum RETSX drawdown of -57.35%. Use the drawdown chart below to compare losses from any high point for VTCLX and RETSX.
Loading charts...
Drawdown Indicators
| VTCLX | RETSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -57.35% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -9.29% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -18.79% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | -25.62% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -33.52% | -1.04% |
Current DrawdownCurrent decline from peak | 0.00% | -0.07% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -10.54% | +2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.12% | -0.23% |
Volatility
VTCLX vs. RETSX - Volatility Comparison
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and Russell Investment Tax-Managed U.S. Large Cap Fund (RETSX) have volatilities of 2.86% and 2.82%, 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.
Loading charts...
Volatility by Period
| VTCLX | RETSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.82% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 8.75% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 11.71% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 16.70% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 17.82% | +0.46% |
VTCLX vs. RETSX - Expense Ratio Comparison
VTCLX has a 0.09% expense ratio, which is lower than RETSX's 0.92% expense ratio.
Dividends
VTCLX vs. RETSX - Dividend Comparison
VTCLX's dividend yield for the trailing twelve months is around 0.85%, more than RETSX's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RETSX Russell Investment Tax-Managed U.S. Large Cap Fund | 0.40% | 0.44% | 0.49% | 0.54% | 0.59% | 0.14% | 0.47% | 0.78% | 0.90% | 1.02% | 0.84% | 0.76% |
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
With a correlation of 0.99, VTCLX and RETSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VTCLX has higher volatility (2.86%) compared to RETSX (2.82%). In terms of maximum drawdown, VTCLX dropped -55.18% vs RETSX's -57.35%.
VTCLX currently has the higher Sharpe Ratio (2.43 vs 2.16), 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 RETSX
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