NMTRX vs. VCADX
Compare and contrast key facts about Nuveen Municipal Total Return Managed Accounts (NMTRX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX).
NMTRX is managed by BlackRock. It was launched on May 30, 2007. VCADX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
NMTRX vs. VCADX - Performance Comparison
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NMTRX vs. VCADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMTRX Nuveen Municipal Total Return Managed Accounts | -0.12% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | -0.53% | 5.90% | 2.24% | 5.91% | -6.61% | 0.46% | 4.62% | 7.04% | 1.28% | 4.94% |
Returns By Period
In the year-to-date period, NMTRX achieves a -0.12% return, which is significantly higher than VCADX's -0.53% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: NMTRX at 2.27% and VCADX at 2.27%.
NMTRX
- 1D
- 0.20%
- 1M
- -1.97%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.78%
- 3Y*
- 3.22%
- 5Y*
- 0.38%
- 10Y*
- 2.27%
VCADX
- 1D
- 0.18%
- 1M
- -2.39%
- YTD
- -0.53%
- 6M
- 0.96%
- 1Y
- 4.48%
- 3Y*
- 3.65%
- 5Y*
- 1.55%
- 10Y*
- 2.27%
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NMTRX vs. VCADX - Expense Ratio Comparison
NMTRX has a 0.05% expense ratio, which is lower than VCADX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
NMTRX vs. VCADX — Risk / Return Rank
NMTRX
VCADX
NMTRX vs. VCADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Total Return Managed Accounts (NMTRX) 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.
| NMTRX | VCADX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.25 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.65 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.48 | -0.49 |
Martin ratioReturn relative to average drawdown | 2.89 | 5.57 | -2.68 |
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
| NMTRX | VCADX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.25 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.48 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.67 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 1.08 | -0.11 |
Correlation
The correlation between NMTRX and VCADX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NMTRX vs. VCADX - Dividend Comparison
NMTRX's dividend yield for the trailing twelve months is around 4.19%, more than VCADX's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.19% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.13% | 3.82% | 3.35% | 2.57% | 2.36% | 1.77% | 2.28% | 2.72% | 2.71% | 2.66% | 2.76% | 2.86% |
Drawdowns
NMTRX vs. VCADX - Drawdown Comparison
The maximum NMTRX drawdown since its inception was -16.36%, which is greater than VCADX's maximum drawdown of -11.13%. Use the drawdown chart below to compare losses from any high point for NMTRX and VCADX.
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Drawdown Indicators
| NMTRX | VCADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.36% | -11.13% | -5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -3.78% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -11.13% | -5.23% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -11.13% | -5.23% |
Current DrawdownCurrent decline from peak | -2.25% | -2.64% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -1.50% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.00% | +0.62% |
Volatility
NMTRX vs. VCADX - Volatility Comparison
Nuveen Municipal Total Return Managed Accounts (NMTRX) has a higher volatility of 1.07% compared to Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) at 0.98%. This indicates that NMTRX'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.
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Volatility by Period
| NMTRX | VCADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.98% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 1.53% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 3.91% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 3.22% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 3.42% | +0.96% |