CMF vs. VCADX
Compare and contrast key facts about iShares California Muni Bond ETF (CMF) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX).
CMF is a passively managed fund by iShares that tracks the performance of the S&P California AMT-Free Municipal Bond Index. It was launched on Oct 4, 2007. 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: CMF or VCADX.
Correlation
The correlation between CMF and VCADX is 0.50, 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
CMF vs. VCADX - Performance Comparison
Key characteristics
CMF:
0.64
VCADX:
1.10
CMF:
0.91
VCADX:
1.56
CMF:
1.12
VCADX:
1.22
CMF:
0.49
VCADX:
1.02
CMF:
2.27
VCADX:
3.62
CMF:
1.10%
VCADX:
0.90%
CMF:
3.87%
VCADX:
2.94%
CMF:
-16.45%
VCADX:
-11.16%
CMF:
-2.00%
VCADX:
-0.61%
Returns By Period
In the year-to-date period, CMF achieves a -0.28% return, which is significantly lower than VCADX's 0.77% return. Over the past 10 years, CMF has underperformed VCADX with an annualized return of 1.79%, while VCADX has yielded a comparatively higher 2.20% annualized return.
CMF
-0.28%
-0.39%
-0.46%
2.32%
1.28%
1.79%
VCADX
0.77%
-0.44%
-0.08%
3.16%
1.77%
2.20%
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CMF vs. VCADX - Expense Ratio Comparison
CMF has a 0.25% expense ratio, which is higher than VCADX's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CMF vs. VCADX — Risk-Adjusted Performance Rank
CMF
VCADX
CMF vs. VCADX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares California Muni Bond ETF (CMF) 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.
Dividends
CMF vs. VCADX - Dividend Comparison
CMF's dividend yield for the trailing twelve months is around 2.87%, more than VCADX's 2.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMF iShares California Muni Bond ETF | 2.87% | 2.78% | 2.29% | 1.91% | 1.58% | 1.80% | 2.03% | 2.17% | 2.09% | 2.21% | 2.55% | 2.80% |
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.66% | 2.86% | 2.57% | 2.36% | 2.10% | 2.27% | 2.52% | 2.71% | 2.68% | 2.78% | 2.87% | 3.08% |
Drawdowns
CMF vs. VCADX - Drawdown Comparison
The maximum CMF drawdown since its inception was -16.45%, which is greater than VCADX's maximum drawdown of -11.16%. Use the drawdown chart below to compare losses from any high point for CMF and VCADX. For additional features, visit the drawdowns tool.
Volatility
CMF vs. VCADX - Volatility Comparison
iShares California Muni Bond ETF (CMF) has a higher volatility of 1.14% compared to Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) at 1.04%. This indicates that CMF'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.