CCSTX vs. CCCMX
CCSTX (Capital Group California Short-Term Municipal Fund) and CCCMX (Capital Group California Core Municipal Fund) are both Municipal Bonds funds from Capital Group. Over the past 10 years, CCSTX returned 1.18%/yr vs 1.32%/yr for CCCMX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. CCSTX charges 0.30%/yr vs 0.27%/yr for CCCMX.
Performance
CCSTX vs. CCCMX - Performance Comparison
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Returns By Period
In the year-to-date period, CCSTX achieves a 0.49% return, which is significantly higher than CCCMX's -0.20% return. Over the past 10 years, CCSTX has underperformed CCCMX with an annualized return of 1.18%, while CCCMX has yielded a comparatively higher 1.32% annualized return.
CCSTX
- 1D
- 0.00%
- 1M
- -0.39%
- 6M
- -0.09%
- YTD
- 0.49%
- 1Y
- 1.97%
- 3Y*
- 2.84%
- 5Y*
- 1.15%
- 10Y*
- 1.18%
- ALL TIME*
- 0.90%
CCCMX
- 1D
- -0.16%
- 1M
- -1.02%
- 6M
- -0.99%
- YTD
- -0.20%
- 1Y
- 2.43%
- 3Y*
- 2.81%
- 5Y*
- 0.90%
- 10Y*
- 1.32%
- ALL TIME*
- 1.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CCSTX vs. CCCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCSTX Capital Group California Short-Term Municipal Fund | 0.49% | 4.09% | 2.05% | 2.50% | -2.91% | -0.15% | 2.35% | 3.02% | 1.41% | 1.20% |
CCCMX Capital Group California Core Municipal Fund | -0.20% | 4.69% | 1.42% | 3.46% | -4.27% | 0.02% | 3.81% | 4.61% | 1.70% | 2.39% |
Correlation
The correlation between CCSTX and CCCMX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2010 | 0.65 |
The correlation between CCSTX and CCCMX shifts across timeframes, from 0.62 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CCSTX vs. CCCMX — Risk / Return Rank
CCSTX
CCCMX
CCSTX vs. CCCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group California Short-Term Municipal Fund (CCSTX) and Capital Group California Core Municipal Fund (CCCMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CCSTX | CCCMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.20 | +0.66 |
| Martin ratioReturn relative to average drawdown | 4.79 | 2.96 | +1.83 |
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Drawdowns
CCSTX vs. CCCMX - Drawdown Comparison
The maximum CCSTX drawdown since its inception was -5.09%, smaller than the maximum CCCMX drawdown of -7.58%. Use the drawdown chart below to compare losses from any high point for CCSTX and CCCMX.
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Drawdown Indicators
| CCSTX | CCCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.09% | -7.58% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -2.37% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -3.02% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -5.08% | -7.25% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -5.09% | -7.58% | +2.49% |
Current DrawdownCurrent decline from peak | -0.66% | -1.93% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -1.64% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.96% | -0.51% |
Volatility
CCSTX vs. CCCMX - Volatility Comparison
The current volatility for Capital Group California Short-Term Municipal Fund (CCSTX) is 0.45%, while Capital Group California Core Municipal Fund (CCCMX) has a volatility of 0.68%. This indicates that CCSTX experiences smaller price fluctuations and is considered to be less risky than CCCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCSTX | CCCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.68% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 1.54% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.20% | 1.83% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.57% | 2.34% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 2.42% | -0.84% |
CCSTX vs. CCCMX - Expense Ratio Comparison
CCSTX has a 0.30% expense ratio, which is higher than CCCMX's 0.27% expense ratio.
Dividends
CCSTX vs. CCCMX - Dividend Comparison
CCSTX's dividend yield for the trailing twelve months is around 2.36%, less than CCCMX's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CCCMX Capital Group California Core Municipal Fund | 2.63% | 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 | 2.36% | 2.30% | 2.13% | 1.54% | 0.72% | 1.02% | 1.45% | 1.40% | 1.30% | 0.90% |
Frequently Asked Questions
CCSTX and CCCMX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCCMX has higher volatility (0.68%) compared to CCSTX (0.45%). In terms of maximum drawdown, CCSTX dropped -5.09% vs CCCMX's -7.58%.
CCSTX currently has the higher Sharpe Ratio (1.82 vs 1.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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