PortfoliosLab logo
VCADX vs. VCAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) and Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

VCADX:

0.36

VCAIX:

0.34

Sortino Ratio

VCADX:

0.52

VCAIX:

0.50

Omega Ratio

VCADX:

1.09

VCAIX:

1.08

Calmar Ratio

VCADX:

0.39

VCAIX:

0.37

Martin Ratio

VCADX:

1.32

VCAIX:

1.25

Ulcer Index

VCADX:

1.23%

VCAIX:

1.24%

Daily Std Dev

VCADX:

4.29%

VCAIX:

4.28%

Max Drawdown

VCADX:

-11.16%

VCAIX:

-11.25%

Current Drawdown

VCADX:

-1.85%

VCAIX:

-1.86%

Returns By Period

In the year-to-date period, VCADX achieves a -0.49% return, which is significantly higher than VCAIX's -0.52% return. Both investments have delivered pretty close results over the past 10 years, with VCADX having a 2.20% annualized return and VCAIX not far behind at 2.12%.


VCADX

YTD

-0.49%

1M

0.80%

6M

-0.44%

1Y

1.72%

5Y*

0.99%

10Y*

2.20%

VCAIX

YTD

-0.52%

1M

0.80%

6M

-0.48%

1Y

1.64%

5Y*

0.91%

10Y*

2.12%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VCADX
The Risk-Adjusted Performance Rank of VCADX is 4141
Overall Rank
The Sharpe Ratio Rank of VCADX is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of VCADX is 3434
Sortino Ratio Rank
The Omega Ratio Rank of VCADX is 3838
Omega Ratio Rank
The Calmar Ratio Rank of VCADX is 4949
Calmar Ratio Rank
The Martin Ratio Rank of VCADX is 4242
Martin Ratio Rank

VCAIX
The Risk-Adjusted Performance Rank of VCAIX is 3939
Overall Rank
The Sharpe Ratio Rank of VCAIX is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of VCAIX is 3333
Sortino Ratio Rank
The Omega Ratio Rank of VCAIX is 3737
Omega Ratio Rank
The Calmar Ratio Rank of VCAIX is 4747
Calmar Ratio Rank
The Martin Ratio Rank of VCAIX is 4141
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current VCADX Sharpe Ratio is 0.36, which is comparable to the VCAIX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of VCADX and VCAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Loading data...

Dividends

VCADX vs. VCAIX - Dividend Comparison

VCADX's dividend yield for the trailing twelve months is around 2.99%, more than VCAIX's 2.92% yield.


TTM20242023202220212020201920182017201620152014
VCADX
Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares
2.99%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
2.92%2.78%2.49%2.28%2.05%2.36%2.45%2.63%2.56%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.


Loading data...

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 1.05% and 1.05%, 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.


Loading data...