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

Correlation

The correlation between VTCLX and VTMSX 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.


-0.50.00.51.00.9

Performance

VTCLX vs. VTMSX - 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 Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). The values are adjusted to include any dividend payments, if applicable.

650.00%700.00%750.00%800.00%850.00%900.00%JulyAugustSeptemberOctoberNovemberDecember
749.69%
807.81%
VTCLX
VTMSX

Key characteristics

Sharpe Ratio

VTCLX:

2.10

VTMSX:

0.59

Sortino Ratio

VTCLX:

2.80

VTMSX:

0.97

Omega Ratio

VTCLX:

1.39

VTMSX:

1.12

Calmar Ratio

VTCLX:

3.13

VTMSX:

0.98

Martin Ratio

VTCLX:

13.45

VTMSX:

3.13

Ulcer Index

VTCLX:

1.99%

VTMSX:

3.69%

Daily Std Dev

VTCLX:

12.74%

VTMSX:

19.75%

Max Drawdown

VTCLX:

-55.18%

VTMSX:

-57.84%

Current Drawdown

VTCLX:

-2.92%

VTMSX:

-8.21%

Returns By Period

In the year-to-date period, VTCLX achieves a 24.83% return, which is significantly higher than VTMSX's 9.20% return. Over the past 10 years, VTCLX has outperformed VTMSX with an annualized return of 13.01%, while VTMSX has yielded a comparatively lower 8.96% annualized return.


VTCLX

YTD

24.83%

1M

-0.48%

6M

9.38%

1Y

25.20%

5Y*

14.55%

10Y*

13.01%

VTMSX

YTD

9.20%

1M

-4.98%

6M

11.39%

1Y

9.17%

5Y*

8.43%

10Y*

8.96%

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VTCLX vs. VTMSX - Expense Ratio Comparison

Both VTCLX and VTMSX have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


VTCLX
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares
Expense ratio chart for VTCLX: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%
Expense ratio chart for VTMSX: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

VTCLX vs. VTMSX - 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 Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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.


Sharpe ratio
The chart of Sharpe ratio for VTCLX, currently valued at 2.10, compared to the broader market-1.000.001.002.003.004.002.100.59
The chart of Sortino ratio for VTCLX, currently valued at 2.80, compared to the broader market-2.000.002.004.006.008.0010.002.800.97
The chart of Omega ratio for VTCLX, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.003.501.391.12
The chart of Calmar ratio for VTCLX, currently valued at 3.13, compared to the broader market0.002.004.006.008.0010.0012.0014.003.130.98
The chart of Martin ratio for VTCLX, currently valued at 13.45, compared to the broader market0.0020.0040.0060.0013.453.13
VTCLX
VTMSX

The current VTCLX Sharpe Ratio is 2.10, which is higher than the VTMSX Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of VTCLX and VTMSX, 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 Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
2.10
0.59
VTCLX
VTMSX

Dividends

VTCLX vs. VTMSX - Dividend Comparison

VTCLX's dividend yield for the trailing twelve months is around 0.77%, less than VTMSX's 1.54% yield.


TTM20232022202120202019201820172016201520142013
VTCLX
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares
0.77%1.24%1.47%1.04%1.32%1.52%1.83%1.57%1.76%1.69%1.56%1.52%
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares
1.54%1.50%1.51%1.16%1.09%1.15%1.26%1.11%1.01%1.26%0.99%0.92%

Drawdowns

VTCLX vs. VTMSX - Drawdown Comparison

The maximum VTCLX drawdown since its inception was -55.18%, roughly equal to the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for VTCLX and VTMSX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.92%
-8.21%
VTCLX
VTMSX

Volatility

VTCLX vs. VTMSX - Volatility Comparison

The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) is 3.94%, while Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a volatility of 5.88%. This indicates that VTCLX experiences smaller price fluctuations and is considered to be less risky than VTMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
3.94%
5.88%
VTCLX
VTMSX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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