VCAIX vs. CMF

In the year-to-date period, VCAIX achieves a -0.69% return, which is significantly higher than CMF's -1.68% return. Over the past 10 years, VCAIX has outperformed CMF with an annualized return of 2.07%, while CMF has yielded a comparatively lower 1.78% annualized return.

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VCAIX has a 0.17% expense ratio, which is lower than CMF's 0.25% 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%.

This table presents a comparison of risk-adjusted performance metrics for Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and iShares California Muni Bond ETF (CMF). 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 VCAIX Sharpe Ratio is 0.30, which is higher than the CMF Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of VCAIX and CMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

VCAIX's dividend yield for the trailing twelve months is around 2.65%, less than CMF's 2.93% yield.

The maximum VCAIX drawdown since its inception was -11.25%, smaller than the maximum CMF drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for VCAIX and CMF. For additional features, visit the drawdowns tool.