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

Correlation

The correlation between VTCLX and VWENX 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.


-0.50.00.51.00.9

Performance

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

200.00%300.00%400.00%500.00%600.00%700.00%800.00%JulyAugustSeptemberOctoberNovemberDecember
749.69%
233.20%
VTCLX
VWENX

Key characteristics

Sharpe Ratio

VTCLX:

2.10

VWENX:

1.96

Sortino Ratio

VTCLX:

2.80

VWENX:

2.67

Omega Ratio

VTCLX:

1.39

VWENX:

1.36

Calmar Ratio

VTCLX:

3.13

VWENX:

1.14

Martin Ratio

VTCLX:

13.45

VWENX:

13.40

Ulcer Index

VTCLX:

1.99%

VWENX:

1.26%

Daily Std Dev

VTCLX:

12.74%

VWENX:

8.61%

Max Drawdown

VTCLX:

-55.18%

VWENX:

-38.68%

Current Drawdown

VTCLX:

-2.92%

VWENX:

-2.17%

Returns By Period

In the year-to-date period, VTCLX achieves a 24.83% return, which is significantly higher than VWENX's 15.35% return. Over the past 10 years, VTCLX has outperformed VWENX with an annualized return of 13.01%, while VWENX has yielded a comparatively lower 4.21% annualized return.


VTCLX

YTD

24.83%

1M

-0.48%

6M

9.38%

1Y

25.20%

5Y*

14.55%

10Y*

13.01%

VWENX

YTD

15.35%

1M

-0.06%

6M

6.36%

1Y

15.89%

5Y*

4.09%

10Y*

4.21%

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VTCLX vs. VWENX - Expense Ratio Comparison

VTCLX has a 0.09% expense ratio, which is lower than VWENX's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


VWENX
Vanguard Wellington Fund Admiral Shares
Expense ratio chart for VWENX: current value at 0.16% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.16%
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%

Risk-Adjusted Performance

VTCLX vs. VWENX - 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 Wellington Fund Admiral Shares (VWENX). 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-1.000.001.002.003.004.002.101.96
The chart of Sortino ratio for VTCLX, currently valued at 2.80, compared to the broader market-2.000.002.004.006.008.0010.002.802.67
The chart of Omega ratio for VTCLX, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.003.501.391.36
The chart of Calmar ratio for VTCLX, currently valued at 3.13, compared to the broader market0.002.004.006.008.0010.0012.0014.003.131.14
The chart of Martin ratio for VTCLX, currently valued at 13.45, compared to the broader market0.0020.0040.0060.0013.4513.40
VTCLX
VWENX

The current VTCLX Sharpe Ratio is 2.10, which is comparable to the VWENX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of VTCLX and VWENX, 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 Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
2.10
1.96
VTCLX
VWENX

Dividends

VTCLX vs. VWENX - Dividend Comparison

VTCLX's dividend yield for the trailing twelve months is around 0.77%, less than VWENX's 1.57% 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%
VWENX
Vanguard Wellington Fund Admiral Shares
1.57%6.08%2.34%1.79%2.15%2.61%3.10%2.53%2.64%2.81%2.63%2.58%

Drawdowns

VTCLX vs. VWENX - Drawdown Comparison

The maximum VTCLX drawdown since its inception was -55.18%, which is greater than VWENX's maximum drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for VTCLX and VWENX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.92%
-2.17%
VTCLX
VWENX

Volatility

VTCLX vs. VWENX - Volatility Comparison

Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) has a higher volatility of 3.94% compared to Vanguard Wellington Fund Admiral Shares (VWENX) at 2.83%. This indicates that VTCLX's price experiences larger fluctuations and is considered to be riskier than VWENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.94%
2.83%
VTCLX
VWENX
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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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