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CCCMX vs. CCSTX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

CCCMX vs. CCSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group California Core Municipal Fund (CCCMX) and Capital Group California Short-Term Municipal Fund (CCSTX). The values are adjusted to include any dividend payments, if applicable.

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CCCMX vs. CCSTX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
CCCMX
Capital Group California Core Municipal Fund
-0.84%4.69%1.42%3.46%-4.27%0.02%3.81%4.61%1.70%2.39%
CCSTX
Capital Group California Short-Term Municipal Fund
-0.12%4.09%2.05%2.50%-2.91%-0.15%2.35%3.02%1.41%1.20%

Returns By Period

In the year-to-date period, CCCMX achieves a -0.84% return, which is significantly lower than CCSTX's -0.12% return. Over the past 10 years, CCCMX has outperformed CCSTX with an annualized return of 1.36%, while CCSTX has yielded a comparatively lower 1.15% annualized return.


CCCMX

1D
-0.19%
1M
-2.56%
YTD
-0.84%
6M
0.08%
1Y
3.47%
3Y*
2.37%
5Y*
0.92%
10Y*
1.36%

CCSTX

1D
-0.10%
1M
-1.27%
YTD
-0.12%
6M
0.45%
1Y
3.07%
3Y*
2.44%
5Y*
1.10%
10Y*
1.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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CCCMX vs. CCSTX - Expense Ratio Comparison

CCCMX has a 0.27% expense ratio, which is lower than CCSTX's 0.30% expense ratio.


Return for Risk

CCCMX vs. CCSTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCCMX
CCCMX Risk / Return Rank: 6767
Overall Rank
CCCMX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
CCCMX Sortino Ratio Rank: 6868
Sortino Ratio Rank
CCCMX Omega Ratio Rank: 8989
Omega Ratio Rank
CCCMX Calmar Ratio Rank: 5353
Calmar Ratio Rank
CCCMX Martin Ratio Rank: 5151
Martin Ratio Rank

CCSTX
CCSTX Risk / Return Rank: 8686
Overall Rank
CCSTX Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
CCSTX Sortino Ratio Rank: 9090
Sortino Ratio Rank
CCSTX Omega Ratio Rank: 9797
Omega Ratio Rank
CCSTX Calmar Ratio Rank: 7878
Calmar Ratio Rank
CCSTX Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCCMX vs. CCSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group California Core Municipal Fund (CCCMX) and Capital Group California Short-Term Municipal Fund (CCSTX). 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.


CCCMXCCSTXDifference

Sharpe ratio

Return per unit of total volatility

1.34

1.94

-0.60

Sortino ratio

Return per unit of downside risk

1.72

2.58

-0.85

Omega ratio

Gain probability vs. loss probability

1.39

1.62

-0.23

Calmar ratio

Return relative to maximum drawdown

1.29

1.88

-0.59

Martin ratio

Return relative to average drawdown

5.05

7.27

-2.22

CCCMX vs. CCSTX - Sharpe Ratio Comparison

The current CCCMX Sharpe Ratio is 1.34, which is lower than the CCSTX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of CCCMX and CCSTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


CCCMXCCSTXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.34

1.94

-0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

0.72

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.73

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.64

-0.05

Correlation

The correlation between CCCMX and CCSTX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

CCCMX vs. CCSTX - Dividend Comparison

CCCMX's dividend yield for the trailing twelve months is around 2.35%, more than CCSTX's 2.13% yield.


TTM202520242023202220212020201920182017
CCCMX
Capital Group California Core Municipal Fund
2.35%2.51%2.39%1.71%1.11%1.61%2.35%1.95%1.97%1.41%
CCSTX
Capital Group California Short-Term Municipal Fund
2.13%2.30%2.13%1.54%0.72%1.02%1.45%1.40%1.30%0.90%

Drawdowns

CCCMX vs. CCSTX - Drawdown Comparison

The maximum CCCMX drawdown since its inception was -7.58%, which is greater than CCSTX's maximum drawdown of -5.09%. Use the drawdown chart below to compare losses from any high point for CCCMX and CCSTX.


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Drawdown Indicators


CCCMXCCSTXDifference

Max Drawdown

Largest peak-to-trough decline

-7.58%

-5.09%

-2.49%

Max Drawdown (1Y)

Largest decline over 1 year

-3.02%

-1.79%

-1.23%

Max Drawdown (5Y)

Largest decline over 5 years

-7.25%

-5.08%

-2.17%

Max Drawdown (10Y)

Largest decline over 10 years

-7.58%

-5.09%

-2.49%

Current Drawdown

Current decline from peak

-2.56%

-1.27%

-1.29%

Average Drawdown

Average peak-to-trough decline

-1.65%

-0.89%

-0.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.77%

0.46%

+0.31%

Volatility

CCCMX vs. CCSTX - Volatility Comparison

Capital Group California Core Municipal Fund (CCCMX) has a higher volatility of 0.84% compared to Capital Group California Short-Term Municipal Fund (CCSTX) at 0.54%. This indicates that CCCMX's price experiences larger fluctuations and is considered to be riskier than CCSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


CCCMXCCSTXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.84%

0.54%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

1.25%

0.79%

+0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

2.93%

1.80%

+1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.29%

1.54%

+0.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.41%

1.57%

+0.84%