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FCTFX vs. VCITX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

FCTFX vs. VCITX

Last updated May 12, 2025

Compare and contrast key facts about Fidelity California Municipal Income Fund (FCTFX) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX).

FCTFX is managed by Fidelity. It was launched on Jul 7, 1984. VCITX is managed by Vanguard. It was launched on Apr 7, 1986.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCTFX or VCITX.

Correlation

The correlation between FCTFX and VCITX is -0.63. 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.

Performance

FCTFX vs. VCITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity California Municipal Income Fund (FCTFX) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

FCTFX:

1.28%

VCITX:

1.80%

Max Drawdown

FCTFX:

0.00%

VCITX:

-0.09%

Current Drawdown

FCTFX:

0.00%

VCITX:

0.00%

Returns By Period

FCTFX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

VCITX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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FCTFX vs. VCITX - Expense Ratio Comparison

FCTFX has a 0.45% expense ratio, which is higher than VCITX's 0.17% expense ratio.

FCTFX
Fidelity California Municipal Income Fund
VCITX
Vanguard California Long-Term Tax-Exempt Fund Investor Shares

Risk-Adjusted Performance

FCTFX vs. VCITX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCTFX
The Risk-Adjusted Performance Rank of FCTFX is 3333
Overall Rank
The Sharpe Ratio Rank of FCTFX is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of FCTFX is 2929
Sortino Ratio Rank
The Omega Ratio Rank of FCTFX is 3131
Omega Ratio Rank
The Calmar Ratio Rank of FCTFX is 3636
Calmar Ratio Rank
The Martin Ratio Rank of FCTFX is 3434
Martin Ratio Rank
VCITX
The Risk-Adjusted Performance Rank of VCITX is 2626
Overall Rank
The Sharpe Ratio Rank of VCITX is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of VCITX is 2222
Sortino Ratio Rank
The Omega Ratio Rank of VCITX is 2424
Omega Ratio Rank
The Calmar Ratio Rank of VCITX is 2727
Calmar Ratio Rank
The Martin Ratio Rank of VCITX is 2727
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FCTFX vs. VCITX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity California Municipal Income Fund (FCTFX) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX). 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

FCTFX vs. VCITX - Dividend Comparison

FCTFX's dividend yield for the trailing twelve months is around 2.66%, less than VCITX's 3.15% yield.

TTM20242023202220212020201920182017201620152014
FCTFX
Fidelity California Municipal Income Fund		2.66%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VCITX
Vanguard California Long-Term Tax-Exempt Fund Investor Shares		3.15%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FCTFX vs. VCITX - Drawdown Comparison

The maximum FCTFX drawdown since its inception was 0.00%, smaller than the maximum VCITX drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for FCTFX and VCITX. For additional features, visit the drawdowns tool.

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Volatility

FCTFX vs. VCITX - Volatility Comparison

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