VCADX vs. VCAIX
Compare and contrast key facts about Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) and Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX).
VCADX is managed by Vanguard. It was launched on Nov 12, 2001. VCAIX is managed by Vanguard. It was launched on Mar 4, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCADX or VCAIX.
Correlation
The correlation between VCADX and VCAIX is -0.11. 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. VCAIX - Performance Comparison
Key characteristics
VCADX:
0.53
VCAIX:
0.50
VCADX:
0.71
VCAIX:
0.68
VCADX:
1.12
VCAIX:
1.12
VCADX:
0.54
VCAIX:
0.52
VCADX:
1.92
VCAIX:
1.83
VCADX:
1.17%
VCAIX:
1.17%
VCADX:
4.26%
VCAIX:
4.26%
VCADX:
-11.16%
VCAIX:
-11.25%
VCADX:
-2.11%
VCAIX:
-2.11%
Returns By Period
The year-to-date returns for both stocks are quite close, with VCADX having a -0.75% return and VCAIX slightly lower at -0.77%. Both investments have delivered pretty close results over the past 10 years, with VCADX having a 2.11% annualized return and VCAIX not far behind at 2.02%.
VCADX
-0.75%
-1.06%
-0.43%
1.99%
1.27%
2.11%
VCAIX
-0.77%
-1.06%
-0.48%
1.91%
1.19%
2.02%
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VCADX vs. VCAIX - Expense Ratio Comparison
VCADX has a 0.09% expense ratio, which is lower than VCAIX's 0.17% expense ratio. Despite the difference, 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. VCAIX — Risk-Adjusted Performance Rank
VCADX
VCAIX
VCADX vs. VCAIX - 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 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.
Dividends
VCADX vs. VCAIX - Dividend Comparison
VCADX's dividend yield for the trailing twelve months is around 2.73%, more than VCAIX's 2.65% 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% |
VCAIX Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares | 2.65% | 2.78% | 2.50% | 2.28% | 2.02% | 2.18% | 2.46% | 2.63% | 2.59% | 2.65% | 2.78% | 3.00% |
Drawdowns
VCADX vs. VCAIX - Drawdown Comparison
The maximum VCADX drawdown since its inception was -11.16%, roughly equal to the maximum VCAIX drawdown of -11.25%. Use the drawdown chart below to compare losses from any high point for VCADX and VCAIX. For additional features, visit the drawdowns tool.
Volatility
VCADX vs. VCAIX - Volatility Comparison
Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) and Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) have volatilities of 3.19% and 3.19%, 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.