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VTCLX vs. VPMAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VTCLX and VPMAX is 0.94, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

VTCLX vs. VPMAX - 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 Vanguard PRIMECAP Fund Admiral Shares (VPMAX). The values are adjusted to include any dividend payments, if applicable.

400.00%500.00%600.00%700.00%800.00%NovemberDecember2025FebruaryMarchApril
714.28%
491.87%
VTCLX
VPMAX

Key characteristics

Sharpe Ratio

VTCLX:

0.49

VPMAX:

0.20

Sortino Ratio

VTCLX:

0.82

VPMAX:

0.42

Omega Ratio

VTCLX:

1.12

VPMAX:

1.06

Calmar Ratio

VTCLX:

0.51

VPMAX:

0.20

Martin Ratio

VTCLX:

2.06

VPMAX:

0.76

Ulcer Index

VTCLX:

4.67%

VPMAX:

5.39%

Daily Std Dev

VTCLX:

19.61%

VPMAX:

20.68%

Max Drawdown

VTCLX:

-55.18%

VPMAX:

-55.03%

Current Drawdown

VTCLX:

-10.06%

VPMAX:

-10.62%

Returns By Period

In the year-to-date period, VTCLX achieves a -5.81% return, which is significantly lower than VPMAX's -3.67% return. Over the past 10 years, VTCLX has outperformed VPMAX with an annualized return of 12.06%, while VPMAX has yielded a comparatively lower 9.12% annualized return.


VTCLX

YTD

-5.81%

1M

-0.87%

6M

-4.14%

1Y

9.06%

5Y*

15.63%

10Y*

12.06%

VPMAX

YTD

-3.67%

1M

-2.47%

6M

-5.59%

1Y

3.09%

5Y*

14.66%

10Y*

9.12%

*Annualized

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VTCLX vs. VPMAX - Expense Ratio Comparison

VTCLX has a 0.09% expense ratio, which is lower than VPMAX's 0.31% expense ratio.


Expense ratio chart for VPMAX: current value is 0.31%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VPMAX: 0.31%
Expense ratio chart for VTCLX: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VTCLX: 0.09%

Risk-Adjusted Performance

VTCLX vs. VPMAX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTCLX
The Risk-Adjusted Performance Rank of VTCLX is 6060
Overall Rank
The Sharpe Ratio Rank of VTCLX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of VTCLX is 5858
Sortino Ratio Rank
The Omega Ratio Rank of VTCLX is 6060
Omega Ratio Rank
The Calmar Ratio Rank of VTCLX is 6666
Calmar Ratio Rank
The Martin Ratio Rank of VTCLX is 6060
Martin Ratio Rank

VPMAX
The Risk-Adjusted Performance Rank of VPMAX is 3737
Overall Rank
The Sharpe Ratio Rank of VPMAX is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of VPMAX is 3838
Sortino Ratio Rank
The Omega Ratio Rank of VPMAX is 3636
Omega Ratio Rank
The Calmar Ratio Rank of VPMAX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of VPMAX is 3838
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VTCLX vs. VPMAX - 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 Vanguard PRIMECAP Fund Admiral Shares (VPMAX). 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.


The chart of Sharpe ratio for VTCLX, currently valued at 0.49, compared to the broader market-1.000.001.002.003.00
VTCLX: 0.49
VPMAX: 0.20
The chart of Sortino ratio for VTCLX, currently valued at 0.82, compared to the broader market-2.000.002.004.006.008.00
VTCLX: 0.82
VPMAX: 0.42
The chart of Omega ratio for VTCLX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.00
VTCLX: 1.12
VPMAX: 1.06
The chart of Calmar ratio for VTCLX, currently valued at 0.51, compared to the broader market0.002.004.006.008.0010.00
VTCLX: 0.51
VPMAX: 0.20
The chart of Martin ratio for VTCLX, currently valued at 2.06, compared to the broader market0.0010.0020.0030.0040.00
VTCLX: 2.06
VPMAX: 0.76

The current VTCLX Sharpe Ratio is 0.49, which is higher than the VPMAX Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of VTCLX and VPMAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.49
0.20
VTCLX
VPMAX

Dividends

VTCLX vs. VPMAX - Dividend Comparison

VTCLX's dividend yield for the trailing twelve months is around 1.13%, more than VPMAX's 1.08% yield.


TTM20242023202220212020201920182017201620152014
VTCLX
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares
1.13%1.04%1.24%1.47%1.04%1.32%1.52%1.83%1.57%1.76%1.69%1.56%
VPMAX
Vanguard PRIMECAP Fund Admiral Shares
1.08%1.04%1.17%1.31%0.79%1.12%1.29%1.36%1.08%1.37%1.20%1.32%

Drawdowns

VTCLX vs. VPMAX - Drawdown Comparison

The maximum VTCLX drawdown since its inception was -55.18%, roughly equal to the maximum VPMAX drawdown of -55.03%. Use the drawdown chart below to compare losses from any high point for VTCLX and VPMAX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.06%
-10.62%
VTCLX
VPMAX

Volatility

VTCLX vs. VPMAX - Volatility Comparison

Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX) have volatilities of 14.24% and 14.79%, 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
14.24%
14.79%
VTCLX
VPMAX