VCADX vs. FXNAX
Compare and contrast key facts about Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) and Fidelity U.S. Bond Index Fund (FXNAX).
VCADX is managed by Vanguard. It was launched on Nov 12, 2001. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCADX or FXNAX.
Correlation
The correlation between VCADX and FXNAX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VCADX vs. FXNAX - Performance Comparison
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Key characteristics
VCADX:
0.28
FXNAX:
0.85
VCADX:
0.36
FXNAX:
1.26
VCADX:
1.06
FXNAX:
1.15
VCADX:
0.26
FXNAX:
0.33
VCADX:
0.89
FXNAX:
2.02
VCADX:
1.22%
FXNAX:
2.19%
VCADX:
4.26%
FXNAX:
5.29%
VCADX:
-11.16%
FXNAX:
-19.64%
VCADX:
-2.28%
FXNAX:
-9.12%
Returns By Period
In the year-to-date period, VCADX achieves a -0.93% return, which is significantly lower than FXNAX's 1.08% return. Over the past 10 years, VCADX has outperformed FXNAX with an annualized return of 2.13%, while FXNAX has yielded a comparatively lower 1.22% annualized return.
VCADX
-0.93%
1.36%
-0.87%
1.18%
1.02%
2.13%
FXNAX
1.08%
0.49%
0.39%
4.53%
-1.29%
1.22%
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VCADX vs. FXNAX - Expense Ratio Comparison
VCADX has a 0.09% expense ratio, which is higher than FXNAX's 0.03% 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. FXNAX — Risk-Adjusted Performance Rank
VCADX
FXNAX
VCADX vs. FXNAX - 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 Fidelity U.S. Bond Index Fund (FXNAX). 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.
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Dividends
VCADX vs. FXNAX - Dividend Comparison
VCADX's dividend yield for the trailing twelve months is around 2.73%, less than FXNAX's 3.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.73% | 2.86% | 2.57% | 2.36% | 2.10% | 2.27% | 2.52% | 2.71% | 2.68% | 2.78% | 2.87% | 3.08% |
FXNAX Fidelity U.S. Bond Index Fund | 3.18% | 3.40% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% |
Drawdowns
VCADX vs. FXNAX - Drawdown Comparison
The maximum VCADX drawdown since its inception was -11.16%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for VCADX and FXNAX. For additional features, visit the drawdowns tool.
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Volatility
VCADX vs. FXNAX - Volatility Comparison
Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) and Fidelity U.S. Bond Index Fund (FXNAX) have volatilities of 1.51% and 1.45%, 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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