VT vs VTCIX
Vanguard Total World Stock ETF vs Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares
Quick Verdict
VTCIX has a lower expense ratio. VT delivered stronger 1-year returns. VT offers more diversification with 8927 holdings.
Side-by-Side Comparison
| Metric | VT | VTCIX | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.03% | |
| AUM | $77.6B | $5.2B | |
| Dividend Yield | 1.61% | 1.08% | |
| Holdings | 10,133 | 836 | |
| YTD Return | +14.96% | +13.07% | |
| 1Y Return | +23.59% | +20.36% | |
| 3Y Return (annualized) | +20.84% | +19.81% | |
| 5Y Return (annualized) | +11.15% | +11.22% | |
| Volatility (annualized) | 16.6% | 16.1% | |
| Max Drawdown | -50.6% | -26.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 24, 2008 | Feb 24, 1999 |
VT vs VTCIX Performance
Vanguard Total World Stock ETF (VT) is a ETF from Vanguard (US) and Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is a mutual fund from Vanguard (US). Over the past year VT returned +23.59% while VTCIX returned +20.36%. Year to date, VT is up 14.96% versus a gain of 13.07% for VTCIX.
Over three years, VT compounded at +20.84% per year against +19.81% for VTCIX; over five years the annualized figures are +11.15% and +11.22% respectively. Across the full 5-year window we track, VTCIX has the edge at +11.22% annualized vs +7.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VT has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 16.1% for VTCIX. 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 -50.6% for VT and -26.0% for VTCIX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VT charges 0.06% per year while VTCIX charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, VT currently yields 1.61% against 1.08% for VTCIX.
Holdings Overlap
VT and VTCIX share 777 holdings out of 8975 unique holdings combined, representing a 52.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, VT or VTCIX?
VT has an expense ratio of 0.06% while VTCIX charges 0.03%. VTCIX is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, VT or VTCIX?
Over the past year VT returned +23.59% vs +20.36% for VTCIX, so VT leads on 1-year performance. Over the longest common window we track (5 years), VT annualized +7.40% vs +11.22% for VTCIX. Past performance does not guarantee future results.
Which is riskier, VT or VTCIX?
VT has been the more volatile fund at 16.6% annualized versus 16.1% for VTCIX. Worst drawdown: VT -50.6% vs VTCIX -26.0%.
Should I hold both VT and VTCIX?
VT and VTCIX have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between VT and VTCIX?
VT and VTCIX share 777 common holdings with a 52.6% weight overlap. Combined, they hold 8975 unique securities.
Which pays a higher dividend, VT or VTCIX?
VT yields 1.61% while VTCIX yields 1.08%, so VT currently pays the higher dividend yield.
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