VTCIX vs VTV
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares vs Vanguard Morningstar Value ETF
Quick Verdict
VTV delivered stronger 1-year returns. VTCIX offers more diversification with 836 holdings.
Side-by-Side Comparison
| Metric | VTCIX | VTV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $5.2B | $187.8B | |
| Dividend Yield | 0.93% | 1.85% | |
| Holdings | 836 | 311 | |
| YTD Return | +12.08% | +18.65% | |
| 1Y Return | +20.64% | +27.73% | |
| 3Y Return (annualized) | +20.37% | +19.75% | |
| 5Y Return (annualized) | +11.00% | +12.58% | |
| Volatility (annualized) | 16.1% | 14.5% | |
| Max Drawdown | -26.0% | -61.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 24, 1999 | Jan 26, 2004 |
VTCIX vs VTV Performance
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is a mutual fund from Vanguard (US) and Vanguard Morningstar Value ETF (VTV) is a ETF from Vanguard (US). Over the past year VTCIX returned +20.64% while VTV returned +27.73%. Year to date, VTCIX is up 12.08% versus a gain of 18.65% for VTV.
Over three years, VTCIX compounded at +20.37% per year against +19.75% for VTV; over five years the annualized figures are +11.00% and +12.58% respectively. Across the full 5-year window we track, VTCIX has the edge at +11.00% annualized vs +7.62%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTCIX has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.5% for VTV. 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 -26.0% for VTCIX and -61.3% for VTV. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VTCIX charges 0.03% per year while VTV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, VTCIX currently yields 0.93% against 1.85% for VTV.
Holdings Overlap
VTCIX and VTV share 289 holdings out of 844 unique holdings combined, representing a 40.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VTCIX or VTV?
VTCIX has an expense ratio of 0.03% while VTV charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, VTCIX or VTV?
Over the past year VTCIX returned +20.64% vs +27.73% for VTV, so VTV leads on 1-year performance. Over the longest common window we track (5 years), VTCIX annualized +11.00% vs +7.62% for VTV. Past performance does not guarantee future results.
Which is riskier, VTCIX or VTV?
VTCIX has been the more volatile fund at 16.1% annualized versus 14.5% for VTV. Worst drawdown: VTCIX -26.0% vs VTV -61.3%.
Should I hold both VTCIX and VTV?
VTCIX and VTV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VTCIX and VTV?
VTCIX and VTV share 289 common holdings with a 40.3% weight overlap. Combined, they hold 844 unique securities.
Which pays a higher dividend, VTCIX or VTV?
VTCIX yields 0.93% while VTV yields 1.85%, so VTV currently pays the higher dividend yield.
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