Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX)
Fund Info
US9220211000
922021100
Apr 7, 1986
$3,000
Expense Ratio
VCITX has an expense ratio of 0.17%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) returned -1.88% year-to-date (YTD) and 0.50% over the past 12 months. Over the past 10 years, VCITX returned 2.33% annually, underperforming the S&P 500 benchmark at 10.46%.
VCITX
-1.88%
0.72%
-1.85%
0.50%
0.67%
2.33%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of VCITX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.10% | 1.16% | -1.97% | -1.15% | -0.00% | -1.88% | |||||||
| 2024 | -0.09% | 0.01% | -0.08% | -1.20% | -0.07% | 1.79% | 0.89% | 0.80% | 1.23% | -1.52% | 1.76% | -1.36% | 2.11% |
| 2023 | 3.39% | -2.63% | 2.32% | -0.19% | -0.81% | 1.06% | 0.34% | -1.34% | -3.15% | -1.58% | 7.41% | 2.93% | 7.52% |
| 2022 | -2.89% | -0.45% | -3.57% | -3.97% | 1.90% | -2.76% | 3.55% | -2.67% | -4.36% | -0.80% | 6.04% | -0.03% | -10.06% |
| 2021 | 0.51% | -1.90% | 0.83% | 0.99% | 0.51% | 0.27% | 0.89% | -0.43% | -0.82% | -0.05% | 0.91% | -0.44% | 1.24% |
| 2020 | 1.99% | 1.54% | -3.88% | -1.63% | 3.68% | 0.61% | 1.88% | -0.58% | -0.02% | -0.19% | 1.71% | -0.11% | 4.92% |
| 2019 | 0.62% | 0.50% | 1.86% | 0.58% | 1.66% | 0.40% | 0.90% | 1.93% | -0.72% | 0.08% | 0.15% | 0.31% | 8.57% |
| 2018 | -1.45% | -0.58% | 0.53% | -0.39% | 1.47% | 0.03% | 0.12% | 0.19% | -0.74% | -0.90% | 1.23% | 1.22% | 0.67% |
| 2017 | 0.53% | 0.59% | 0.37% | 0.78% | 1.87% | -0.14% | 0.77% | 0.93% | -0.39% | 0.35% | -0.31% | 1.27% | 6.82% |
| 2016 | 1.19% | 0.02% | 0.69% | 0.84% | 0.44% | 2.13% | -0.28% | 0.35% | -0.69% | -1.25% | -4.86% | 1.67% | 0.07% |
| 2015 | 2.04% | -1.19% | 0.47% | -0.77% | -0.19% | -0.20% | 0.90% | 0.39% | 0.79% | 0.38% | 0.70% | 1.04% | 4.41% |
| 2014 | 2.74% | 1.25% | 0.41% | 1.44% | 1.51% | 0.06% | 0.32% | 1.49% | 0.30% | 0.80% | 0.21% | 0.72% | 11.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VCITX is 26, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Vanguard California Long-Term Tax-Exempt Fund Investor Shares provided a 3.15% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.38 | $0.35 | $0.30 | $0.30 | $0.33 | $0.37 | $0.40 | $0.39 | $0.41 | $0.43 | $0.44 |
Dividend yield | 3.15% | 3.30% | 2.99% | 2.66% | 2.34% | 2.56% | 2.93% | 3.32% | 3.22% | 3.45% | 3.53% | 3.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard California Long-Term Tax-Exempt Fund Investor Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.10 | |||||||
| 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 | $0.38 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.30 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2016 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard California Long-Term Tax-Exempt Fund Investor 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 Long-Term Tax-Exempt Fund Investor Shares was 19.43%, occurring on Oct 19, 1987. Recovery took 235 trading sessions.
The current Vanguard California Long-Term Tax-Exempt Fund Investor Shares drawdown is 3.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.43% | Jan 28, 1987 | 189 | Oct 19, 1987 | 235 | Sep 12, 1988 | 424 |
| -16.31% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -12.56% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -12.32% | Jan 24, 2008 | 226 | Dec 15, 2008 | 175 | Aug 26, 2009 | 401 |
| -12.07% | Feb 1, 1994 | 210 | Nov 21, 1994 | 71 | Feb 28, 1995 | 281 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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