PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
Vanguard California Intermediate-Term Tax-Exempt F...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

Fund Info

ISIN

US9220214079

CUSIP

922021407

Issuer

Vanguard

Inception Date

Nov 12, 2001

Category

Municipal Bonds

Home Page

advisors.vanguard.com

Asset Class

Bond

Expense Ratio

VCADX has an expense ratio of 0.09%, which is considered low.

Share Price Chart

Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares

Popular comparisons:
VCADX vs. VCAIX VCADX vs. CMF VCADX vs. VWALX VCADX vs. BND VCADX vs. VCLAX VCADX vs. VTEB VCADX vs. AGG VCADX vs. BNDx VCADX vs. VWAHX VCADX vs. FXNAX
Popular comparisons:
VCADX vs. VCAIX VCADX vs. CMF VCADX vs. VWALX VCADX vs. BND VCADX vs. VCLAX VCADX vs. VTEB VCADX vs. AGG VCADX vs. BNDx VCADX vs. VWAHX VCADX vs. FXNAX

Performance

Performance Chart

Loading data...

S&P 500

Returns By Period

Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) returned -0.58% year-to-date (YTD) and 2.90% over the past 12 months. Over the past 10 years, VCADX returned 2.14% annually, underperforming the S&P 500 benchmark at 10.84%.

VCADX

YTD

-0.58%

1M

0.45%

6M

-1.13%

1Y

2.90%

3Y*

2.41%

5Y*

0.76%

10Y*

2.14%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of VCADX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.33%1.05%-1.32%-0.54%-0.09%-0.58%
2024-0.12%0.06%-0.03%-0.99%-0.38%1.41%0.86%0.85%1.03%-1.24%1.30%-0.97%1.74%
20232.54%-1.98%1.92%-0.23%-0.85%0.76%0.31%-0.85%-2.11%-0.87%4.99%2.37%5.90%
2022-2.54%-0.32%-2.79%-2.61%1.63%-1.49%2.62%-1.83%-3.12%-0.44%4.04%0.30%-6.61%
20210.42%-1.51%0.50%0.75%0.25%0.09%0.74%-0.24%-0.72%-0.16%0.67%0.05%0.82%
20201.61%1.00%-3.11%-0.98%3.17%0.52%1.50%-0.38%0.11%-0.22%1.16%0.26%4.60%
20190.84%0.47%1.17%0.39%1.32%0.46%0.80%1.29%-0.78%0.21%0.12%0.37%6.83%
2018-0.96%-0.31%0.23%-0.29%1.19%0.05%0.31%0.23%-0.64%-0.64%1.02%1.10%1.28%
20170.58%0.64%0.23%0.83%1.43%-0.29%0.74%0.73%-0.37%0.14%-0.71%0.92%4.93%
20161.25%0.13%0.31%0.64%0.06%1.48%-0.11%0.22%-0.45%-0.85%-3.82%1.20%-0.04%
20151.61%-0.94%0.16%-0.36%-0.26%-0.10%0.77%0.25%0.75%0.32%0.32%0.75%3.28%
20141.98%1.04%0.02%1.05%1.13%0.00%0.26%1.11%0.08%0.60%0.08%0.51%8.11%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of VCADX is 49, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of VCADX is 4949
Overall Rank
The Sharpe Ratio Rank of VCADX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of VCADX is 3838
Sortino Ratio Rank
The Omega Ratio Rank of VCADX is 5050
Omega Ratio Rank
The Calmar Ratio Rank of VCADX is 5656
Calmar Ratio Rank
The Martin Ratio Rank of VCADX is 4545
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.69
  • 5-Year: 0.25
  • 10-Year: 0.63
  • All Time: 0.99

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares provided a 2.99% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 3 consecutive years.

2.20%2.40%2.60%2.80%3.00%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.33$0.32$0.29$0.26$0.26$0.28$0.31$0.32$0.31$0.32$0.34$0.36

Dividend yield

2.99%2.86%2.57%2.36%2.13%2.26%2.52%2.71%2.66%2.78%2.87%3.08%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.12
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2023$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.29
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.26
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.26
2020$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2019$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.02$0.02$0.31
2018$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2017$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

Loading data...

Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares was 11.14%, occurring on Oct 25, 2022. Recovery took 444 trading sessions.

The current Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares drawdown is 1.93%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-11.14%Aug 6, 2021308Oct 25, 2022444Aug 2, 2024752
-10.63%Mar 10, 20209Mar 20, 202089Jul 28, 202098
-8.79%Sep 12, 200825Oct 16, 200861Jan 14, 200986
-6.06%Sep 3, 201094Jan 18, 2011109Jun 23, 2011203
-5.84%May 3, 201336Jun 24, 2013170Feb 26, 2014206
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading data...