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

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.


-0.50.00.51.01.0

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.

104.00%106.00%108.00%110.00%112.00%SeptemberOctoberNovemberDecember2025February
107.85%
112.50%
VCADX
VCAIX

Key characteristics

Sharpe Ratio

VCADX:

1.16

VCAIX:

1.14

Sortino Ratio

VCADX:

1.63

VCAIX:

1.60

Omega Ratio

VCADX:

1.24

VCAIX:

1.23

Calmar Ratio

VCADX:

1.03

VCAIX:

0.94

Martin Ratio

VCADX:

3.39

VCAIX:

3.30

Ulcer Index

VCADX:

0.97%

VCAIX:

0.97%

Daily Std Dev

VCADX:

2.83%

VCAIX:

2.82%

Max Drawdown

VCADX:

-11.16%

VCAIX:

-11.25%

Current Drawdown

VCADX:

-0.20%

VCAIX:

-0.22%

Returns By Period

The year-to-date returns for both stocks are quite close, with VCADX having a 1.13% return and VCAIX slightly lower at 1.12%. Both investments have delivered pretty close results over the past 10 years, with VCADX having a 2.30% annualized return and VCAIX not far behind at 2.21%.


VCADX

YTD

1.13%

1M

1.04%

6M

1.23%

1Y

2.95%

5Y*

0.90%

10Y*

2.30%

VCAIX

YTD

1.12%

1M

1.03%

6M

1.19%

1Y

2.88%

5Y*

0.82%

10Y*

2.21%

*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%.


Expense ratio chart for VCAIX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%
Expense ratio chart for VCADX: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

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 6767
Overall Rank
The Sharpe Ratio Rank of VCADX is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of VCADX is 6767
Sortino Ratio Rank
The Omega Ratio Rank of VCADX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of VCADX is 7171
Calmar Ratio Rank
The Martin Ratio Rank of VCADX is 5656
Martin Ratio Rank

VCAIX
The Risk-Adjusted Performance Rank of VCAIX is 6565
Overall Rank
The Sharpe Ratio Rank of VCAIX is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of VCAIX is 6565
Sortino Ratio Rank
The Omega Ratio Rank of VCAIX is 7272
Omega Ratio Rank
The Calmar Ratio Rank of VCAIX is 6969
Calmar Ratio Rank
The Martin Ratio Rank of VCAIX is 5555
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 chart of Sharpe ratio for VCADX, currently valued at 1.16, compared to the broader market-1.000.001.002.003.004.001.161.14
The chart of Sortino ratio for VCADX, currently valued at 1.63, compared to the broader market0.002.004.006.008.0010.001.631.60
The chart of Omega ratio for VCADX, currently valued at 1.24, compared to the broader market1.002.003.001.241.23
The chart of Calmar ratio for VCADX, currently valued at 1.03, compared to the broader market0.005.0010.0015.001.030.94
The chart of Martin ratio for VCADX, currently valued at 3.39, compared to the broader market0.0020.0040.0060.0080.003.393.30
VCADX
VCAIX

The current VCADX Sharpe Ratio is 1.16, which is comparable to the VCAIX Sharpe Ratio of 1.14. 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.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00SeptemberOctoberNovemberDecember2025February
1.16
1.14
VCADX
VCAIX

Dividends

VCADX vs. VCAIX - Dividend Comparison

VCADX's dividend yield for the trailing twelve months is around 2.62%, more than VCAIX's 2.55% yield.


TTM20242023202220212020201920182017201620152014
VCADX
Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares
2.62%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
2.55%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.


-2.00%-1.50%-1.00%-0.50%0.00%SeptemberOctoberNovemberDecember2025February
-0.20%
-0.22%
VCADX
VCAIX

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 0.76% and 0.76%, 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.


0.40%0.60%0.80%1.00%1.20%1.40%SeptemberOctoberNovemberDecember2025February
0.76%
0.76%
VCADX
VCAIX