VCADX vs. CDDYX
VCADX (Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares) and CDDYX (Columbia Dividend Income Fund Institutional 3 Class) are both mutual funds - VCADX is a Municipal Bonds fund managed by Vanguard, while CDDYX is a Large Cap Value Equities fund managed by Columbia. Over the past 10 years, VCADX returned 2.24%/yr vs 12.75%/yr for CDDYX. At a correlation of -0.05, they often move in opposite directions. VCADX charges 0.09%/yr vs 0.55%/yr for CDDYX.
Performance
VCADX vs. CDDYX - Performance Comparison
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Returns By Period
In the year-to-date period, VCADX achieves a 1.16% return, which is significantly lower than CDDYX's 8.90% return. Over the past 10 years, VCADX has underperformed CDDYX with an annualized return of 2.24%, while CDDYX has yielded a comparatively higher 12.75% annualized return.
VCADX
- 1D
- -0.09%
- 1M
- 1.23%
- YTD
- 1.16%
- 6M
- 1.51%
- 1Y
- 6.25%
- 3Y*
- 4.39%
- 5Y*
- 1.72%
- 10Y*
- 2.24%
CDDYX
- 1D
- -0.11%
- 1M
- 0.39%
- YTD
- 8.90%
- 6M
- 8.26%
- 1Y
- 20.51%
- 3Y*
- 15.99%
- 5Y*
- 11.63%
- 10Y*
- 12.75%
VCADX vs. CDDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 1.16% | 5.90% | 2.24% | 5.91% | -6.61% | 0.46% | 4.62% | 7.04% | 1.28% | 4.94% |
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 8.90% | 15.95% | 15.17% | 10.65% | -4.84% | 26.43% | 7.92% | 28.74% | -4.27% | 20.34% |
Correlation
The correlation between VCADX and CDDYX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012 | -0.05 |
The correlation between VCADX and CDDYX shifts across timeframes, from -0.05 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VCADX vs. CDDYX — Risk / Return Rank
VCADX
CDDYX
VCADX vs. CDDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VCADX | CDDYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.42 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.93 | -1.79 |
| Martin ratioReturn relative to average drawdown | 6.80 | 14.84 | -8.05 |
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Drawdowns
VCADX vs. CDDYX - Drawdown Comparison
The maximum VCADX drawdown since its inception was -11.13%, smaller than the maximum CDDYX drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for VCADX and CDDYX.
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Drawdown Indicators
| VCADX | CDDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.13% | -32.74% | +21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -5.51% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -12.99% | +8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -11.13% | -16.91% | +5.78% |
Max Drawdown (10Y)Largest decline over 10 years | -11.13% | -32.74% | +21.61% |
Current DrawdownCurrent decline from peak | -0.99% | -1.04% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -2.76% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.46% | -0.52% |
Volatility
VCADX vs. CDDYX - Volatility Comparison
The current volatility for Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) is 0.61%, while Columbia Dividend Income Fund Institutional 3 Class (CDDYX) has a volatility of 2.65%. This indicates that VCADX experiences smaller price fluctuations and is considered to be less risky than CDDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCADX | CDDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 2.65% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 6.89% | -5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 9.17% | -6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 13.27% | -10.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 15.69% | -12.26% |
VCADX vs. CDDYX - Expense Ratio Comparison
VCADX has a 0.09% expense ratio, which is lower than CDDYX's 0.55% expense ratio.
Dividends
VCADX vs. CDDYX - Dividend Comparison
VCADX's dividend yield for the trailing twelve months is around 3.14%, less than CDDYX's 4.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 4.94% | 5.33% | 5.99% | 4.96% | 3.90% | 2.93% | 1.85% | 3.28% | 7.65% | 4.03% | 3.84% | 8.35% |
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.14% | 3.82% | 3.35% | 2.57% | 2.36% | 1.77% | 2.28% | 2.72% | 2.71% | 2.66% | 2.76% | 2.86% |
Frequently Asked Questions
VCADX and CDDYX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDDYX has higher volatility (2.65%) compared to VCADX (0.61%). In terms of maximum drawdown, VCADX dropped -11.13% vs CDDYX's -32.74%.
VCADX currently has the higher Sharpe Ratio (2.84 vs 2.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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