VTCLX vs. VPMAX
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX).
VTCLX is managed by Blackrock. It was launched on Sep 6, 1994. VPMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTCLX or VPMAX.
Performance
VTCLX vs. VPMAX - Performance Comparison
Returns By Period
In the year-to-date period, VTCLX achieves a 24.66% return, which is significantly higher than VPMAX's 14.67% return. Both investments have delivered pretty close results over the past 10 years, with VTCLX having a 13.08% annualized return and VPMAX not far behind at 12.80%.
VTCLX
24.66%
1.66%
12.13%
31.83%
15.38%
13.08%
VPMAX
14.67%
-1.34%
3.10%
21.21%
13.31%
12.80%
Key characteristics
| VTCLX | VPMAX | |
|---|---|---|
| Sharpe Ratio | 2.54 | 1.24 |
| Sortino Ratio | 3.39 | 1.80 |
| Omega Ratio | 1.47 | 1.26 |
| Calmar Ratio | 3.68 | 1.68 |
| Martin Ratio | 16.15 | 5.67 |
| Ulcer Index | 1.95% | 3.66% |
| Daily Std Dev | 12.44% | 16.77% |
| Max Drawdown | -55.18% | -48.32% |
| Current Drawdown | -1.41% | -3.76% |
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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.
Correlation
The correlation between VTCLX and VPMAX is 0.95, 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.
Risk-Adjusted Performance
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.
Dividends
VTCLX vs. VPMAX - Dividend Comparison
VTCLX's dividend yield for the trailing twelve months is around 1.07%, more than VPMAX's 1.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 1.07% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% | 1.56% | 1.52% |
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 1.02% | 1.17% | 1.31% | 0.79% | 1.12% | 1.29% | 1.36% | 1.08% | 1.37% | 1.20% | 1.32% | 1.03% |
Drawdowns
VTCLX vs. VPMAX - Drawdown Comparison
The maximum VTCLX drawdown since its inception was -55.18%, which is greater than VPMAX's maximum drawdown of -48.32%. Use the drawdown chart below to compare losses from any high point for VTCLX and VPMAX. For additional features, visit the drawdowns tool.
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 4.21% and 4.29%, 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.