Correlation
The correlation between NCHRX and VCLAX is -0.05. 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.
NCHRX vs. VCLAX
Compare and contrast key facts about Nuveen California High Yield Municipal Bond Fund (NCHRX) and Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX).
NCHRX is managed by Nuveen. It was launched on Mar 27, 2006. VCLAX 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: NCHRX or VCLAX.
Performance
NCHRX vs. VCLAX - Performance Comparison
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Key characteristics
NCHRX:
0.18
VCLAX:
0.28
NCHRX:
0.23
VCLAX:
0.32
NCHRX:
1.04
VCLAX:
1.05
NCHRX:
0.06
VCLAX:
0.20
NCHRX:
0.41
VCLAX:
0.64
NCHRX:
2.78%
VCLAX:
2.03%
NCHRX:
8.33%
VCLAX:
5.93%
NCHRX:
-39.64%
VCLAX:
-15.72%
NCHRX:
-16.33%
VCLAX:
-4.10%
Returns By Period
In the year-to-date period, NCHRX achieves a -3.82% return, which is significantly lower than VCLAX's -2.37% return. Over the past 10 years, NCHRX has underperformed VCLAX with an annualized return of 1.98%, while VCLAX has yielded a comparatively higher 2.46% annualized return.
NCHRX
-3.82%
-0.92%
-5.59%
1.03%
-0.95%
-0.73%
1.98%
VCLAX
-2.37%
-0.90%
-3.69%
1.18%
1.92%
0.49%
2.46%
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NCHRX vs. VCLAX - Expense Ratio Comparison
NCHRX has a 0.61% expense ratio, which is higher than VCLAX's 0.09% expense ratio.
Risk-Adjusted Performance
NCHRX vs. VCLAX — Risk-Adjusted Performance Rank
NCHRX
VCLAX
NCHRX vs. VCLAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen California High Yield Municipal Bond Fund (NCHRX) and Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX). 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
NCHRX vs. VCLAX - Dividend Comparison
NCHRX's dividend yield for the trailing twelve months is around 4.67%, more than VCLAX's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCHRX Nuveen California High Yield Municipal Bond Fund | 4.67% | 4.28% | 4.40% | 5.14% | 3.90% | 3.86% | 3.87% | 4.08% | 3.94% | 4.45% | 4.09% | 4.73% |
VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares | 3.26% | 3.38% | 3.07% | 2.74% | 3.02% | 3.28% | 3.01% | 3.39% | 3.34% | 3.56% | 3.58% | 3.71% |
Drawdowns
NCHRX vs. VCLAX - Drawdown Comparison
The maximum NCHRX drawdown since its inception was -39.64%, which is greater than VCLAX's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for NCHRX and VCLAX.
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Volatility
NCHRX vs. VCLAX - Volatility Comparison
Nuveen California High Yield Municipal Bond Fund (NCHRX) has a higher volatility of 1.09% compared to Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX) at 0.86%. This indicates that NCHRX's price experiences larger fluctuations and is considered to be riskier than VCLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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