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.
Key characteristics
| VCADX | VCAIX | |
|---|---|---|
| YTD Return | 2.24% | 2.18% |
| 1Y Return | 9.43% | 9.34% |
| 3Y Return (Ann) | 0.59% | 0.51% |
| 5Y Return (Ann) | 1.44% | 1.39% |
| 10Y Return (Ann) | 2.26% | 2.19% |
| Sharpe Ratio | 3.13 | 3.10 |
| Sortino Ratio | 5.41 | 5.36 |
| Omega Ratio | 1.80 | 1.80 |
| Calmar Ratio | 1.04 | 1.01 |
| Martin Ratio | 13.76 | 13.52 |
| Ulcer Index | 0.65% | 0.65% |
| Daily Std Dev | 2.85% | 2.85% |
| Max Drawdown | -11.14% | -11.22% |
| Current Drawdown | -0.69% | -0.69% |
Correlation
The correlation between VCADX and VCAIX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VCADX vs. VCAIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VCADX having a 2.24% return and VCAIX slightly lower at 2.18%. Both investments have delivered pretty close results over the past 10 years, with VCADX having a 2.26% annualized return and VCAIX not far behind at 2.19%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 2.77%, more than VCAIX's 2.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.77% | 2.57% | 2.36% | 2.13% | 2.26% | 2.52% | 2.71% | 2.66% | 2.78% | 2.87% | 3.08% | 3.40% |
VCAIX Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares | 2.69% | 2.49% | 2.28% | 2.05% | 2.36% | 2.45% | 2.63% | 2.56% | 2.65% | 2.78% | 3.00% | 3.30% |
Drawdowns
VCADX vs. VCAIX - Drawdown Comparison
The maximum VCADX drawdown since its inception was -11.14%, roughly equal to the maximum VCAIX drawdown of -11.22%. 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 0.62% and 0.62%, 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.