FSDIX vs. VCITX
FSDIX (Fidelity Strategic Dividend & Income Fund) and VCITX (Vanguard California Long-Term Tax-Exempt Fund Investor Shares) are both mutual funds - FSDIX is a Diversified Portfolio fund actively managed by Fidelity, while VCITX is a Municipal Bonds fund actively managed by Vanguard. Both are actively managed. Over the past 10 years, FSDIX returned 8.86%/yr vs 2.24%/yr for VCITX. Their -0.04 correlation means they have often moved in opposite directions in the past. FSDIX charges 0.62%/yr vs 0.14%/yr for VCITX.
Performance
FSDIX vs. VCITX - Performance Comparison
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Returns By Period
In the year-to-date period, FSDIX achieves a 14.03% return, which is significantly higher than VCITX's 0.38% return. Over the past 10 years, FSDIX has outperformed VCITX with an annualized return of 8.86%, while VCITX has yielded a comparatively lower 2.24% annualized return.
FSDIX
- 1D
- 0.40%
- 1M
- -0.01%
- 6M
- 9.73%
- YTD
- 14.03%
- 1Y
- 15.11%
- 3Y*
- 11.64%
- 5Y*
- 7.04%
- 10Y*
- 8.86%
- ALL TIME*
- 8.12%
VCITX
- 1D
- -0.26%
- 1M
- -2.25%
- 6M
- -0.25%
- YTD
- 0.38%
- 1Y
- 6.16%
- 3Y*
- 3.97%
- 5Y*
- 0.85%
- 10Y*
- 2.24%
- ALL TIME*
- 4.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSDIX vs. VCITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSDIX Fidelity Strategic Dividend & Income Fund | 14.03% | 6.52% | 11.52% | 9.45% | -9.84% | 19.03% | 11.23% | 22.50% | -4.33% | 11.23% |
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 0.38% | 4.90% | 2.66% | 7.51% | -10.06% | 1.46% | 5.60% | 8.81% | 0.67% | 6.82% |
Correlation
The correlation between FSDIX and VCITX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2003 | -0.04 |
The correlation between FSDIX and VCITX shifts across timeframes, from -0.04 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FSDIX vs. VCITX — Risk / Return Rank
FSDIX
VCITX
FSDIX vs. VCITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Dividend & Income Fund (FSDIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSDIX | VCITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.52 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.10 | +0.09 |
| Martin ratioReturn relative to average drawdown | 7.27 | 7.17 | +0.10 |
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Drawdowns
FSDIX vs. VCITX - Drawdown Comparison
The maximum FSDIX drawdown since its inception was -58.92%, which is greater than VCITX's maximum drawdown of -22.71%. Use the drawdown chart below to compare losses from any high point for FSDIX and VCITX.
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Drawdown Indicators
| FSDIX | VCITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.92% | -22.71% | -36.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -3.43% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -5.62% | -6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -15.79% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -29.99% | -15.79% | -14.20% |
Current DrawdownCurrent decline from peak | -0.50% | -2.25% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -2.57% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.00% | +0.92% |
Volatility
FSDIX vs. VCITX - Volatility Comparison
Fidelity Strategic Dividend & Income Fund (FSDIX) has a higher volatility of 1.91% compared to Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) at 1.06%. This indicates that FSDIX's price experiences larger fluctuations and is considered to be riskier than VCITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSDIX | VCITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.06% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.49% | 2.61% | +3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 3.24% | +7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.27% | 4.59% | +6.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 4.56% | +7.99% |
FSDIX vs. VCITX - Expense Ratio Comparison
FSDIX has a 0.62% expense ratio, which is higher than VCITX's 0.14% expense ratio.
Dividends
FSDIX vs. VCITX - Dividend Comparison
FSDIX's dividend yield for the trailing twelve months is around 1.48%, less than VCITX's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSDIX Fidelity Strategic Dividend & Income Fund | 1.48% | 1.80% | 5.27% | 5.71% | 4.23% | 8.43% | 5.67% | 6.68% | 8.19% | 6.57% | 4.92% | 6.38% |
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.32% | 4.34% | 3.85% | 2.99% | 2.66% | 2.56% | 3.21% | 3.16% | 3.32% | 3.22% | 3.45% | 3.50% |
Frequently Asked Questions
FSDIX and VCITX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSDIX has higher volatility (1.91%) compared to VCITX (1.06%). In terms of maximum drawdown, FSDIX dropped -58.92% vs VCITX's -22.71%.
VCITX currently has the higher Sharpe Ratio (2.22 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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