SWCAX vs. VCAIX

In the year-to-date period, SWCAX achieves a -1.30% return, which is significantly lower than VCAIX's -0.77% return. Over the past 10 years, SWCAX has underperformed VCAIX with an annualized return of 1.37%, while VCAIX has yielded a comparatively higher 2.06% annualized return.

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SWCAX has a 0.48% expense ratio, which is higher than VCAIX's 0.17% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Schwab California Tax-Free Bond Fund™ (SWCAX) and Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX). 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.

The current SWCAX Sharpe Ratio is 0.14, which is lower than the VCAIX Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of SWCAX and VCAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

SWCAX's dividend yield for the trailing twelve months is around 2.95%, more than VCAIX's 2.65% yield.

The maximum SWCAX drawdown since its inception was -13.51%, which is greater than VCAIX's maximum drawdown of -11.25%. Use the drawdown chart below to compare losses from any high point for SWCAX and VCAIX. For additional features, visit the drawdowns tool.

Schwab California Tax-Free Bond Fund™ (SWCAX) has a higher volatility of 2.28% compared to Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) at 2.13%. This indicates that SWCAX's price experiences larger fluctuations and is considered to be riskier than VCAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.