PRXCX vs. VCITX
Compare and contrast key facts about T. Rowe Price California Tax Free Bond Fund (PRXCX) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX).
PRXCX is managed by T. Rowe Price. It was launched on Sep 14, 1986. 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: PRXCX or VCITX.
Correlation
The correlation between PRXCX and VCITX is 0.87, 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.
Performance
PRXCX vs. VCITX - Performance Comparison
Key characteristics
PRXCX:
1.04
VCITX:
0.93
PRXCX:
1.42
VCITX:
1.28
PRXCX:
1.22
VCITX:
1.19
PRXCX:
0.81
VCITX:
0.60
PRXCX:
3.39
VCITX:
2.82
PRXCX:
1.16%
VCITX:
1.26%
PRXCX:
3.75%
VCITX:
3.85%
PRXCX:
-19.48%
VCITX:
-19.43%
PRXCX:
-0.97%
VCITX:
-1.14%
Returns By Period
In the year-to-date period, PRXCX achieves a 0.75% return, which is significantly lower than VCITX's 0.97% return. Over the past 10 years, PRXCX has underperformed VCITX with an annualized return of 2.40%, while VCITX has yielded a comparatively higher 2.54% annualized return.
PRXCX
0.75%
1.12%
0.92%
3.46%
0.84%
2.40%
VCITX
0.97%
1.15%
1.04%
3.10%
0.45%
2.54%
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PRXCX vs. VCITX - Expense Ratio Comparison
PRXCX has a 0.53% expense ratio, which is higher than VCITX's 0.17% expense ratio.
Risk-Adjusted Performance
PRXCX vs. VCITX — Risk-Adjusted Performance Rank
PRXCX
VCITX
PRXCX vs. VCITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price California Tax Free Bond Fund (PRXCX) 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.
Dividends
PRXCX vs. VCITX - Dividend Comparison
PRXCX's dividend yield for the trailing twelve months is around 3.02%, which matches VCITX's 3.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRXCX T. Rowe Price California Tax Free Bond Fund | 3.02% | 3.26% | 3.04% | 2.83% | 2.51% | 2.73% | 2.93% | 3.11% | 3.09% | 3.34% | 3.43% | 3.60% |
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.03% | 3.30% | 2.99% | 2.66% | 2.34% | 2.56% | 2.93% | 3.32% | 3.22% | 3.45% | 3.53% | 3.64% |
Drawdowns
PRXCX vs. VCITX - Drawdown Comparison
The maximum PRXCX drawdown since its inception was -19.48%, roughly equal to the maximum VCITX drawdown of -19.43%. Use the drawdown chart below to compare losses from any high point for PRXCX and VCITX. For additional features, visit the drawdowns tool.
Volatility
PRXCX vs. VCITX - Volatility Comparison
The current volatility for T. Rowe Price California Tax Free Bond Fund (PRXCX) is 1.04%, while Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) has a volatility of 1.10%. This indicates that PRXCX experiences smaller price fluctuations and is considered to be less risky than VCITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.