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.
Performance
CCSTX vs. VMLTX - Performance Comparison
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CCSTX vs. VMLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VMLTX Vanguard Limited-Term Tax-Exempt Fund Investor Shares | -0.14% | 5.39% | 3.14% | 4.19% | -2.98% | 0.83% | 3.30% | 4.11% | 1.56% | 2.02% |
Returns By Period
In the year-to-date period, CCSTX achieves a -0.12% return, which is significantly higher than VMLTX's -0.14% return. Over the past 10 years, CCSTX has underperformed VMLTX with an annualized return of 1.15%, while VMLTX has yielded a comparatively higher 2.03% annualized return.
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%
VMLTX
- 1D
- 0.00%
- 1M
- -1.53%
- YTD
- -0.14%
- 6M
- 0.55%
- 1Y
- 3.78%
- 3Y*
- 3.68%
- 5Y*
- 1.96%
- 10Y*
- 2.03%
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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.
Return for Risk
CCSTX vs. VMLTX — Risk / Return Rank
CCSTX
VMLTX
CCSTX vs. VMLTX - Risk-Adjusted Trends 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.
| CCSTX | VMLTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 1.94 | 0.00 |
Sortino ratioReturn per unit of downside risk | 2.58 | 2.89 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.64 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.27 | -0.39 |
Martin ratioReturn relative to average drawdown | 7.27 | 9.90 | -2.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CCSTX | VMLTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 1.94 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.07 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 1.06 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.92 | -1.28 |
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.
Dividends
CCSTX vs. VMLTX - Dividend Comparison
CCSTX's dividend yield for the trailing twelve months is around 2.13%, less than VMLTX's 3.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VMLTX Vanguard Limited-Term Tax-Exempt Fund Investor Shares | 3.06% | 3.75% | 3.27% | 2.30% | 1.56% | 1.64% | 1.62% | 2.01% | 1.81% | 1.55% | 1.52% | 1.50% |
Drawdowns
CCSTX vs. VMLTX - Drawdown Comparison
The maximum CCSTX drawdown since its inception was -5.09%, 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.
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Drawdown Indicators
| CCSTX | VMLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.09% | -6.41% | +1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -2.02% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -5.08% | -5.69% | +0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -5.09% | -6.41% | +1.32% |
Current DrawdownCurrent decline from peak | -1.27% | -1.53% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -0.48% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.46% | 0.00% |
Volatility
CCSTX vs. VMLTX - Volatility Comparison
Capital Group California Short-Term Municipal Fund (CCSTX) has a higher volatility of 0.54% compared to Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) at 0.50%. This indicates that CCSTX's price experiences larger fluctuations and is considered to be riskier than VMLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCSTX | VMLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.50% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 1.02% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.80% | 2.33% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.54% | 1.84% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 1.92% | -0.35% |