BCITX vs. VCAIX
Compare and contrast key facts about American Century California Intermediate-Term Tax-Free Bond Fund (BCITX) and Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX).
BCITX is managed by American Century Investments. It was launched on Nov 8, 1983. VCAIX is managed by Vanguard. It was launched on Mar 4, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCITX or VCAIX.
Correlation
The correlation between BCITX and VCAIX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BCITX vs. VCAIX - Performance Comparison
Key characteristics
BCITX:
0.79
VCAIX:
0.89
BCITX:
1.10
VCAIX:
1.24
BCITX:
1.17
VCAIX:
1.18
BCITX:
0.49
VCAIX:
0.73
BCITX:
2.48
VCAIX:
2.56
BCITX:
0.83%
VCAIX:
0.97%
BCITX:
2.62%
VCAIX:
2.80%
BCITX:
-11.18%
VCAIX:
-11.25%
BCITX:
-1.27%
VCAIX:
-0.92%
Returns By Period
In the year-to-date period, BCITX achieves a 0.09% return, which is significantly lower than VCAIX's 0.42% return. Over the past 10 years, BCITX has underperformed VCAIX with an annualized return of 1.76%, while VCAIX has yielded a comparatively higher 2.14% annualized return.
BCITX
0.09%
0.63%
0.33%
2.06%
0.48%
1.76%
VCAIX
0.42%
0.95%
0.62%
2.48%
0.84%
2.14%
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BCITX vs. VCAIX - Expense Ratio Comparison
BCITX has a 0.46% expense ratio, which is higher than VCAIX's 0.17% expense ratio.
Risk-Adjusted Performance
BCITX vs. VCAIX — Risk-Adjusted Performance Rank
BCITX
VCAIX
BCITX vs. VCAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California Intermediate-Term Tax-Free Bond Fund (BCITX) and Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BCITX vs. VCAIX - Dividend Comparison
BCITX's dividend yield for the trailing twelve months is around 2.67%, less than VCAIX's 2.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCITX American Century California Intermediate-Term Tax-Free Bond Fund | 2.67% | 2.89% | 2.70% | 2.25% | 2.10% | 2.22% | 2.40% | 2.60% | 2.48% | 2.42% | 2.39% | 2.45% |
VCAIX Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares | 2.80% | 2.78% | 2.50% | 2.28% | 2.02% | 2.18% | 2.46% | 2.63% | 2.59% | 2.65% | 2.78% | 3.00% |
Drawdowns
BCITX vs. VCAIX - Drawdown Comparison
The maximum BCITX drawdown since its inception was -11.18%, roughly equal to the maximum VCAIX drawdown of -11.25%. Use the drawdown chart below to compare losses from any high point for BCITX and VCAIX. For additional features, visit the drawdowns tool.
Volatility
BCITX vs. VCAIX - Volatility Comparison
The current volatility for American Century California Intermediate-Term Tax-Free Bond Fund (BCITX) is 0.75%, while Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) has a volatility of 0.81%. This indicates that BCITX experiences smaller price fluctuations and is considered to be less risky than VCAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.