VGHAX vs VTCIX
Vanguard Health Care Fund Admiral Shares vs Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares
Which is better, VGHAX or VTCIX?
Large Cap Growth against Large Cap Blend.
VTCIX has a lower expense ratio. VTCIX led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VGHAX | VTCIX |
|---|---|---|
| Expense Ratio | 0.27% | 0.03%Best |
| AUM | $32.8B | $5.2B |
| Dividend Yield | 6.15% | 0.90% |
| Holdings | 109 | 890 |
| YTD Price Return | -0.35% | +13.05%Best |
| 1Y Price Return | +6.09% | +15.05%Best |
| 3Y Price Return (annualized) | -0.17% | +21.48%Best |
| 5Y Price Return (annualized) | -2.44% | +11.57%Best |
| Volatility (annualized) | 15.3%Best | 15.7% |
| Max Drawdown | -32.7% | -26.0%Best |
| $10,000 over 5 years | $8,838 | $17,288Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Nov 12, 2001 | Feb 24, 1999 |
Not shown on this pair: Top 10 Weight.
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for VGHAX or VTCIX. Both funds are measured the same way, so the comparison holds. VGHAX yields 6.15% and VTCIX 0.90% on top.
Volatility and max drawdown are measured over the window both funds cover: Oct 7, 2021 to Oct 5, 2026 (5 years).
VGHAX vs VTCIX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover. Prices exclude distributions, on both funds alike.
VGHAX vs VTCIX Performance
Vanguard Health Care Fund Admiral Shares (VGHAX) is a mutual fund from Vanguard (US) and Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is a mutual fund from Vanguard (US). Over the past year VGHAX returned +6.09% while VTCIX returned +15.05%. Year to date, VGHAX is down 0.35% versus a gain of 13.05% for VTCIX.
Over three years, VGHAX compounded at -0.17% per year against +21.48% for VTCIX; over five years the annualized figures are -2.44% and +11.57% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTCIX has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.3% for VGHAX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.7% for VGHAX and -26.0% for VTCIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
VGHAX charges 0.27% per year while VTCIX charges 0.03%. On a $10,000 position that is $27 vs $3 annually, a gap of $24 per year that compounds over a long holding period. On income, VGHAX currently yields 6.15% against 0.90% for VTCIX.
Holdings Overlap
At least 6.5% of VTCIX's money is in holdings VGHAX also owns.
Stated as a floor: for VGHAX, our book for it covers 92.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VTCIX and VGHAX share little of their money.
36 positions in common, counted across the 77 positions we hold weights for in VGHAX and 842 in VTCIX, against full books of 109 and 890.
Top Shared Holdings
| Stock | Weight in VGHAX | Weight in VTCIX | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 8.83% | 1.34% | 7.49% |
| MRKMerck & Company Inc | 6.05% | 0.45% | 5.60% |
| JNJJohnson & Johnson - Common | 4.50% | 0.86% | 3.64% |
| UNHUnitedhealth Group Incorporated | 4.41% | 0.51% | 3.90% |
| CVSCvs Health Corp. | 2.59% | 0.16% | 2.43% |
| VRTXNvaesrtex Pharmaceuticals Inc | 2.41% | 0.19% | 2.22% |
| EWEdwards Lifesciences Corp | 2.49% | 0.08% | 2.41% |
| ISRGIntuitive Surgical Inc. | 2.37% | 0.17% | 2.20% |
| DHRDanaher Corporation | 2.37% | 0.15% | 2.22% |
| CORCencora Inc | 2.07% | 0.11% | 1.96% |
You are not choosing between two funds in isolation.
Whichever of VGHAX and VTCIX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VGHAX or VTCIX?
VGHAX has an expense ratio of 0.27% while VTCIX charges 0.03%. VTCIX is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, VGHAX or VTCIX?
Over the past year VGHAX returned +6.09% vs +15.05% for VTCIX, so VTCIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VGHAX or VTCIX?
VTCIX has been the more volatile fund at 15.7% annualized versus 15.3% for VGHAX. Worst drawdown: VGHAX -32.7% vs VTCIX -26.0%.
Should I hold both VGHAX and VTCIX?
VGHAX and VTCIX have a monthly-return correlation of 0.57, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between VGHAX and VTCIX?
At least 6.5% of VTCIX's money is in holdings VGHAX also owns. Our book for VGHAX is partial, so the real figure is this or higher. They hold 36 positions in common, counted across the 77 positions we hold weights for in VGHAX and 842 in VTCIX.
Which pays a higher dividend, VGHAX or VTCIX?
VGHAX yields 6.15% while VTCIX yields 0.90%, so VGHAX currently pays the higher dividend yield.
Is VTCIX better than VGHAX?
VTCIX has a lower expense ratio. VTCIX led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.