Correlation
The correlation between CDDYX and VCADX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
CDDYX vs. VCADX
Compare and contrast key facts about Columbia Dividend Income Fund Institutional 3 Class (CDDYX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX).
CDDYX is managed by Columbia. It was launched on Nov 8, 2012. VCADX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDDYX or VCADX.
Performance
CDDYX vs. VCADX - Performance Comparison
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Key characteristics
CDDYX:
0.88
VCADX:
0.69
CDDYX:
1.22
VCADX:
0.83
CDDYX:
1.17
VCADX:
1.14
CDDYX:
0.91
VCADX:
0.64
CDDYX:
3.52
VCADX:
2.06
CDDYX:
3.36%
VCADX:
1.27%
CDDYX:
14.56%
VCADX:
4.26%
CDDYX:
-32.74%
VCADX:
-11.14%
CDDYX:
-2.58%
VCADX:
-1.93%
Returns By Period
In the year-to-date period, CDDYX achieves a 3.40% return, which is significantly higher than VCADX's -0.58% return. Over the past 10 years, CDDYX has outperformed VCADX with an annualized return of 11.13%, while VCADX has yielded a comparatively lower 2.15% annualized return.
CDDYX
3.40%
3.98%
-1.51%
12.74%
9.79%
13.39%
11.13%
VCADX
-0.58%
-0.09%
-1.54%
2.90%
2.29%
0.76%
2.15%
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CDDYX vs. VCADX - Expense Ratio Comparison
CDDYX has a 0.55% expense ratio, which is higher than VCADX's 0.09% expense ratio.
Risk-Adjusted Performance
CDDYX vs. VCADX — Risk-Adjusted Performance Rank
CDDYX
VCADX
CDDYX vs. VCADX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX). 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.
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Dividends
CDDYX vs. VCADX - Dividend Comparison
CDDYX's dividend yield for the trailing twelve months is around 5.82%, more than VCADX's 2.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 5.82% | 5.99% | 4.96% | 3.90% | 2.93% | 1.82% | 2.97% | 7.65% | 4.54% | 4.38% | 8.35% | 8.68% |
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.99% | 2.86% | 2.57% | 2.36% | 2.15% | 2.27% | 2.52% | 2.71% | 2.68% | 2.78% | 2.87% | 3.08% |
Drawdowns
CDDYX vs. VCADX - Drawdown Comparison
The maximum CDDYX drawdown since its inception was -32.74%, which is greater than VCADX's maximum drawdown of -11.14%. Use the drawdown chart below to compare losses from any high point for CDDYX and VCADX.
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Volatility
CDDYX vs. VCADX - Volatility Comparison
Columbia Dividend Income Fund Institutional 3 Class (CDDYX) has a higher volatility of 3.83% compared to Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) at 0.53%. This indicates that CDDYX's price experiences larger fluctuations and is considered to be riskier than VCADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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