VCADX vs. AGG
Compare and contrast key facts about Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) and iShares Core U.S. Aggregate Bond ETF (AGG).
VCADX is managed by Vanguard. It was launched on Nov 12, 2001. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCADX or AGG.
Key characteristics
| VCADX | AGG | |
|---|---|---|
| YTD Return | 2.24% | 3.50% |
| 1Y Return | 9.43% | 12.09% |
| 3Y Return (Ann) | 0.59% | -1.67% |
| 5Y Return (Ann) | 1.44% | 0.13% |
| 10Y Return (Ann) | 2.26% | 1.58% |
| Sharpe Ratio | 3.13 | 1.84 |
| Sortino Ratio | 5.41 | 2.70 |
| Omega Ratio | 1.80 | 1.33 |
| Calmar Ratio | 1.04 | 0.64 |
| Martin Ratio | 13.76 | 7.79 |
| Ulcer Index | 0.65% | 1.45% |
| Daily Std Dev | 2.85% | 6.14% |
| Max Drawdown | -11.14% | -18.43% |
| Current Drawdown | -0.69% | -6.97% |
Correlation
The correlation between VCADX and AGG is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VCADX vs. AGG - Performance Comparison
In the year-to-date period, VCADX achieves a 2.24% return, which is significantly lower than AGG's 3.50% return. Over the past 10 years, VCADX has outperformed AGG with an annualized return of 2.26%, while AGG has yielded a comparatively lower 1.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VCADX vs. AGG - Expense Ratio Comparison
VCADX has a 0.09% expense ratio, which is higher than AGG's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VCADX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
VCADX vs. AGG - Dividend Comparison
VCADX's dividend yield for the trailing twelve months is around 2.77%, less than AGG's 3.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.77% | 2.57% | 2.36% | 2.13% | 2.26% | 2.52% | 2.71% | 2.66% | 2.78% | 2.87% | 3.08% | 3.40% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.52% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
VCADX vs. AGG - Drawdown Comparison
The maximum VCADX drawdown since its inception was -11.14%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for VCADX and AGG. For additional features, visit the drawdowns tool.
Volatility
VCADX vs. AGG - Volatility Comparison
The current volatility for Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) is 0.62%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.21%. This indicates that VCADX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.