PYCRX vs. VCADX
Compare and contrast key facts about Payden California Municipal Social Impact Fund (PYCRX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX).
PYCRX is managed by Paydenfunds. It was launched on Dec 16, 1998. VCADX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
PYCRX vs. VCADX - Performance Comparison
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PYCRX vs. VCADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYCRX Payden California Municipal Social Impact Fund | -0.26% | 6.37% | 2.57% | 6.16% | -6.38% | 0.76% | 5.58% | 8.21% | 0.57% | 6.04% |
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, PYCRX achieves a -0.26% return, which is significantly higher than VCADX's -0.53% return. Over the past 10 years, PYCRX has outperformed VCADX with an annualized return of 2.68%, while VCADX has yielded a comparatively lower 2.27% annualized return.
PYCRX
- 1D
- 0.20%
- 1M
- -2.27%
- YTD
- -0.26%
- 6M
- 1.31%
- 1Y
- 4.40%
- 3Y*
- 4.01%
- 5Y*
- 1.93%
- 10Y*
- 2.68%
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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PYCRX vs. VCADX - Expense Ratio Comparison
PYCRX has a 0.45% expense ratio, which is higher than VCADX's 0.09% expense ratio.
Return for Risk
PYCRX vs. VCADX — Risk / Return Rank
PYCRX
VCADX
PYCRX vs. VCADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden California Municipal Social Impact Fund (PYCRX) 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.
| PYCRX | VCADX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.25 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.65 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.48 | -0.05 |
Martin ratioReturn relative to average drawdown | 5.07 | 5.57 | -0.50 |
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
| PYCRX | VCADX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.25 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.48 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.67 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 1.08 | +0.12 |
Correlation
The correlation between PYCRX 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
PYCRX vs. VCADX - Dividend Comparison
PYCRX's dividend yield for the trailing twelve months is around 3.47%, more than VCADX's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYCRX Payden California Municipal Social Impact Fund | 3.47% | 4.58% | 4.06% | 2.78% | 1.82% | 1.23% | 3.72% | 4.89% | 2.43% | 2.28% | 3.47% | 3.34% |
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
PYCRX vs. VCADX - Drawdown Comparison
The maximum PYCRX drawdown since its inception was -10.80%, roughly equal to the maximum VCADX drawdown of -11.13%. Use the drawdown chart below to compare losses from any high point for PYCRX and VCADX.
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Drawdown Indicators
| PYCRX | VCADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.80% | -11.13% | +0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.83% | -3.78% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -10.80% | -11.13% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -10.80% | -11.13% | +0.33% |
Current DrawdownCurrent decline from peak | -2.55% | -2.64% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -1.50% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.00% | +0.08% |
Volatility
PYCRX vs. VCADX - Volatility Comparison
Payden California Municipal Social Impact Fund (PYCRX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) have volatilities of 0.97% and 0.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYCRX | VCADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.98% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.53% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 3.91% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 3.22% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 3.42% | -0.19% |