VTCLX vs. VUG
Compare and contrast key facts about Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) and Vanguard Growth ETF (VUG).
VTCLX is managed by BlackRock. It was launched on Sep 6, 1994. VUG is a passively managed fund by Vanguard that tracks the performance of the CRSP US Large Cap Growth Index. It was launched on Nov 13, 2000.
Performance
VTCLX vs. VUG - Performance Comparison
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VTCLX vs. VUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | -4.05% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
VUG Vanguard Growth ETF | -9.39% | 19.40% | 32.69% | 46.83% | -33.16% | 27.35% | 40.25% | 37.03% | -3.32% | 27.72% |
Returns By Period
In the year-to-date period, VTCLX achieves a -4.05% return, which is significantly higher than VUG's -9.39% return. Over the past 10 years, VTCLX has underperformed VUG with an annualized return of 13.99%, while VUG has yielded a comparatively higher 16.16% annualized return.
VTCLX
- 1D
- 2.93%
- 1M
- -5.03%
- YTD
- -4.05%
- 6M
- -1.91%
- 1Y
- 17.51%
- 3Y*
- 17.97%
- 5Y*
- 11.05%
- 10Y*
- 13.99%
VUG
- 1D
- 1.09%
- 1M
- -4.37%
- YTD
- -9.39%
- 6M
- -8.17%
- 1Y
- 18.52%
- 3Y*
- 21.59%
- 5Y*
- 11.67%
- 10Y*
- 16.16%
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VTCLX vs. VUG - Expense Ratio Comparison
VTCLX has a 0.09% expense ratio, which is higher than VUG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VTCLX vs. VUG — Risk / Return Rank
VTCLX
VUG
VTCLX vs. VUG - 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 Vanguard Growth ETF (VUG). 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 | VUG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.82 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.32 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.19 | +0.34 |
Martin ratioReturn relative to average drawdown | 7.35 | 4.15 | +3.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTCLX | VUG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.82 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.53 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.76 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.57 | -0.08 |
Correlation
The correlation between VTCLX and VUG 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.
Dividends
VTCLX vs. VUG - Dividend Comparison
VTCLX's dividend yield for the trailing twelve months is around 0.98%, more than VUG's 0.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.98% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
VUG Vanguard Growth ETF | 0.45% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.14% | 1.39% | 1.30% |
Drawdowns
VTCLX vs. VUG - Drawdown Comparison
The maximum VTCLX drawdown since its inception was -55.18%, which is greater than VUG's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for VTCLX and VUG.
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Drawdown Indicators
| VTCLX | VUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -50.68% | -4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -16.53% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | -35.61% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -35.61% | +1.05% |
Current DrawdownCurrent decline from peak | -6.12% | -12.25% | +6.13% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -7.13% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 4.72% | -2.19% |
Volatility
VTCLX vs. VUG - Volatility Comparison
The current volatility for Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) is 5.42%, while Vanguard Growth ETF (VUG) has a volatility of 7.12%. This indicates that VTCLX experiences smaller price fluctuations and is considered to be less risky than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTCLX | VUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 7.12% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 12.70% | -3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 22.70% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 22.22% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 21.38% | -3.12% |