CCSTX vs. VMLTX
Compare and contrast key facts about Capital Group California Short-Term Municipal Fund (CCSTX) and Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX).
CCSTX is managed by Capital Group. It was launched on Apr 12, 2010. VMLTX is managed by Vanguard. It was launched on Aug 31, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCSTX or VMLTX.
Key characteristics
| CCSTX | VMLTX | |
|---|---|---|
| YTD Return | 1.96% | 2.52% |
| 1Y Return | 3.98% | 4.99% |
| 3Y Return (Ann) | 0.57% | 1.23% |
| 5Y Return (Ann) | 0.79% | 1.56% |
| 10Y Return (Ann) | 0.95% | 1.61% |
| Sharpe Ratio | 2.90 | 3.01 |
| Sortino Ratio | 4.47 | 5.05 |
| Omega Ratio | 1.81 | 1.85 |
| Calmar Ratio | 1.49 | 3.07 |
| Martin Ratio | 11.58 | 15.16 |
| Ulcer Index | 0.35% | 0.33% |
| Daily Std Dev | 1.41% | 1.66% |
| Max Drawdown | -5.30% | -6.41% |
| Current Drawdown | -0.62% | -0.49% |
Correlation
The correlation between CCSTX and VMLTX is 0.55, 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.
Performance
CCSTX vs. VMLTX - Performance Comparison
In the year-to-date period, CCSTX achieves a 1.96% return, which is significantly lower than VMLTX's 2.52% return. Over the past 10 years, CCSTX has underperformed VMLTX with an annualized return of 0.95%, while VMLTX has yielded a comparatively higher 1.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CCSTX vs. VMLTX - Expense Ratio Comparison
CCSTX has a 0.30% expense ratio, which is higher than VMLTX's 0.17% expense ratio.
Risk-Adjusted Performance
CCSTX vs. VMLTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group California Short-Term Municipal Fund (CCSTX) and Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX). 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
CCSTX vs. VMLTX - Dividend Comparison
CCSTX's dividend yield for the trailing twelve months is around 2.08%, less than VMLTX's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCSTX Capital Group California Short-Term Municipal Fund | 2.08% | 1.84% | 0.93% | 0.71% | 1.12% | 1.41% | 1.30% | 1.19% | 1.02% | 1.05% | 0.86% | 0.17% |
VMLTX Vanguard Limited-Term Tax-Exempt Fund Investor Shares | 2.71% | 2.30% | 1.57% | 1.23% | 1.63% | 1.87% | 1.82% | 1.55% | 1.53% | 1.51% | 1.61% | 1.67% |
Drawdowns
CCSTX vs. VMLTX - Drawdown Comparison
The maximum CCSTX drawdown since its inception was -5.30%, smaller than the maximum VMLTX drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for CCSTX and VMLTX. For additional features, visit the drawdowns tool.
Volatility
CCSTX vs. VMLTX - Volatility Comparison
The current volatility for Capital Group California Short-Term Municipal Fund (CCSTX) is 0.71%, while Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) has a volatility of 0.76%. This indicates that CCSTX experiences smaller price fluctuations and is considered to be less risky than VMLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.