FCTFX vs. VTIAX
Compare and contrast key facts about Fidelity California Municipal Income Fund (FCTFX) and Vanguard Total International Stock Index Fund Admiral Shares (VTIAX).
FCTFX is managed by Fidelity. It was launched on Jul 7, 1984. VTIAX is managed by Vanguard. It was launched on Nov 29, 2010.
Performance
FCTFX vs. VTIAX - Performance Comparison
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FCTFX vs. VTIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCTFX Fidelity California Municipal Income Fund | -1.07% | 5.75% | 1.89% | 6.53% | -9.64% | 1.39% | 4.50% | 7.63% | 0.68% | 5.81% |
VTIAX Vanguard Total International Stock Index Fund Admiral Shares | -1.02% | 32.18% | 5.34% | 15.28% | -16.02% | 8.59% | 11.27% | 21.52% | -14.46% | 27.54% |
Returns By Period
The year-to-date returns for both investments are quite close, with FCTFX having a -1.07% return and VTIAX slightly higher at -1.02%. Over the past 10 years, FCTFX has underperformed VTIAX with an annualized return of 2.02%, while VTIAX has yielded a comparatively higher 8.51% annualized return.
FCTFX
- 1D
- 0.16%
- 1M
- -3.26%
- YTD
- -1.07%
- 6M
- 0.59%
- 1Y
- 4.27%
- 3Y*
- 3.38%
- 5Y*
- 0.96%
- 10Y*
- 2.02%
VTIAX
- 1D
- -0.17%
- 1M
- -11.11%
- YTD
- -1.02%
- 6M
- 3.45%
- 1Y
- 24.00%
- 3Y*
- 14.20%
- 5Y*
- 6.87%
- 10Y*
- 8.51%
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FCTFX vs. VTIAX - Expense Ratio Comparison
FCTFX has a 0.45% expense ratio, which is higher than VTIAX's 0.11% expense ratio.
Return for Risk
FCTFX vs. VTIAX — Risk / Return Rank
FCTFX
VTIAX
FCTFX vs. VTIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity California Municipal Income Fund (FCTFX) and Vanguard Total International Stock Index Fund Admiral Shares (VTIAX). 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.
| FCTFX | VTIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.50 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.99 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.92 | -0.84 |
Martin ratioReturn relative to average drawdown | 3.87 | 7.64 | -3.77 |
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
| FCTFX | VTIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.50 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.47 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.54 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.38 | +0.74 |
Correlation
The correlation between FCTFX and VTIAX is -0.07. 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.
Dividends
FCTFX vs. VTIAX - Dividend Comparison
FCTFX's dividend yield for the trailing twelve months is around 3.01%, which matches VTIAX's 3.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCTFX Fidelity California Municipal Income Fund | 3.01% | 3.86% | 2.85% | 2.67% | 1.67% | 2.28% | 2.79% | 2.84% | 3.01% | 3.53% | 3.52% | 3.03% |
VTIAX Vanguard Total International Stock Index Fund Admiral Shares | 3.03% | 3.15% | 3.33% | 3.22% | 3.04% | 3.05% | 2.10% | 3.04% | 3.16% | 2.73% | 2.93% | 2.84% |
Drawdowns
FCTFX vs. VTIAX - Drawdown Comparison
The maximum FCTFX drawdown since its inception was -23.20%, smaller than the maximum VTIAX drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for FCTFX and VTIAX.
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Drawdown Indicators
| FCTFX | VTIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -35.83% | +12.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -11.28% | +6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.01% | -29.56% | +15.55% |
Max Drawdown (10Y)Largest decline over 10 years | -14.01% | -35.83% | +21.82% |
Current DrawdownCurrent decline from peak | -3.26% | -11.28% | +8.02% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -8.15% | +5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.84% | -1.45% |
Volatility
FCTFX vs. VTIAX - Volatility Comparison
The current volatility for Fidelity California Municipal Income Fund (FCTFX) is 1.17%, while Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) has a volatility of 6.80%. This indicates that FCTFX experiences smaller price fluctuations and is considered to be less risky than VTIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCTFX | VTIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 6.80% | -5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 10.50% | -8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 15.53% | -10.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 14.80% | -10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.04% | 15.83% | -11.79% |