VTCLX vs. VTMSX
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX).
VTCLX is managed by Blackrock. It was launched on Sep 6, 1994. VTMSX is managed by Blackrock. It was launched on Mar 25, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTCLX or VTMSX.
Performance
VTCLX vs. VTMSX - Performance Comparison
Returns By Period
In the year-to-date period, VTCLX achieves a 24.66% return, which is significantly higher than VTMSX's 13.04% return. Over the past 10 years, VTCLX has outperformed VTMSX with an annualized return of 13.08%, while VTMSX has yielded a comparatively lower 9.67% annualized return.
VTCLX
24.66%
1.66%
12.13%
31.83%
15.38%
13.08%
VTMSX
13.04%
4.30%
11.54%
28.53%
10.33%
9.67%
Key characteristics
| VTCLX | VTMSX | |
|---|---|---|
| Sharpe Ratio | 2.54 | 1.35 |
| Sortino Ratio | 3.39 | 2.04 |
| Omega Ratio | 1.47 | 1.24 |
| Calmar Ratio | 3.68 | 1.50 |
| Martin Ratio | 16.15 | 7.64 |
| Ulcer Index | 1.95% | 3.53% |
| Daily Std Dev | 12.44% | 20.00% |
| Max Drawdown | -55.18% | -57.84% |
| Current Drawdown | -1.41% | -4.09% |
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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%.
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.
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.
Dividends
VTCLX vs. VTMSX - Dividend Comparison
VTCLX's dividend yield for the trailing twelve months is around 1.07%, less than VTMSX's 1.49% 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% |
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 1.49% | 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.
Volatility
VTCLX vs. VTMSX - Volatility Comparison
The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) is 4.21%, while Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a volatility of 7.46%. 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.