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.
Performance
VCADX vs. FXNAX - Performance Comparison
Returns By Period
In the year-to-date period, VCADX achieves a 1.86% return, which is significantly higher than FXNAX's 1.62% return. Over the past 10 years, VCADX has outperformed FXNAX with an annualized return of 2.32%, while FXNAX has yielded a comparatively lower 1.27% annualized return.
VCADX
1.86%
-0.11%
2.89%
5.83%
1.34%
2.32%
FXNAX
1.62%
-0.87%
2.91%
6.17%
-0.52%
1.27%
Key characteristics
| VCADX | FXNAX | |
|---|---|---|
| Sharpe Ratio | 2.12 | 1.05 |
| Sortino Ratio | 3.26 | 1.57 |
| Omega Ratio | 1.50 | 1.19 |
| Calmar Ratio | 1.15 | 0.40 |
| Martin Ratio | 7.71 | 3.29 |
| Ulcer Index | 0.78% | 1.81% |
| Daily Std Dev | 2.85% | 5.69% |
| Max Drawdown | -11.16% | -19.64% |
| Current Drawdown | -1.06% | -10.08% |
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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%.
Correlation
The correlation between VCADX and FXNAX is 0.53, 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.
Risk-Adjusted Performance
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.
Dividends
VCADX vs. FXNAX - Dividend Comparison
VCADX's dividend yield for the trailing twelve months is around 2.81%, less than FXNAX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.81% | 2.57% | 2.36% | 2.10% | 2.27% | 2.52% | 2.71% | 2.68% | 2.78% | 2.87% | 3.08% | 3.40% |
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
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.
Volatility
VCADX vs. FXNAX - Volatility Comparison
The current volatility for Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) is 1.31%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.46%. This indicates that VCADX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.