VCAIX vs. FCFTX
Compare and contrast key facts about Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and Fidelity Advisor Freedom 2010 Fund Class M (FCFTX).
VCAIX is managed by Vanguard. It was launched on Mar 4, 1994. FCFTX is managed by Fidelity. It was launched on Jul 24, 2003.
Performance
VCAIX vs. FCFTX - Performance Comparison
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VCAIX vs. FCFTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCAIX Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares | -0.53% | 5.83% | 2.15% | 5.82% | -6.69% | 0.40% | 4.53% | 6.95% | 1.19% | 4.83% |
FCFTX Fidelity Advisor Freedom 2010 Fund Class M | 0.09% | 10.77% | 4.65% | 8.99% | -13.60% | 4.87% | 10.34% | 14.19% | -3.76% | 11.58% |
Returns By Period
In the year-to-date period, VCAIX achieves a -0.53% return, which is significantly lower than FCFTX's 0.09% return. Over the past 10 years, VCAIX has underperformed FCFTX with an annualized return of 2.19%, while FCFTX has yielded a comparatively higher 4.94% annualized return.
VCAIX
- 1D
- 0.18%
- 1M
- -2.39%
- YTD
- -0.53%
- 6M
- 0.94%
- 1Y
- 4.42%
- 3Y*
- 3.57%
- 5Y*
- 1.47%
- 10Y*
- 2.19%
FCFTX
- 1D
- 1.00%
- 1M
- -2.53%
- YTD
- 0.09%
- 6M
- 1.23%
- 1Y
- 8.20%
- 3Y*
- 6.72%
- 5Y*
- 2.53%
- 10Y*
- 4.94%
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VCAIX vs. FCFTX - Expense Ratio Comparison
VCAIX has a 0.17% expense ratio, which is lower than FCFTX's 0.99% expense ratio.
Return for Risk
VCAIX vs. FCFTX — Risk / Return Rank
VCAIX
FCFTX
VCAIX vs. FCFTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and Fidelity Advisor Freedom 2010 Fund Class M (FCFTX). 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.
| VCAIX | FCFTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.54 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.64 | 2.14 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.06 | -0.60 |
Martin ratioReturn relative to average drawdown | 5.50 | 8.22 | -2.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCAIX | FCFTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.54 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.40 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.78 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.49 | +0.81 |
Correlation
The correlation between VCAIX and FCFTX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VCAIX vs. FCFTX - Dividend Comparison
VCAIX's dividend yield for the trailing twelve months is around 3.08%, less than FCFTX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCAIX Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares | 3.08% | 3.75% | 3.27% | 2.49% | 2.28% | 1.71% | 2.19% | 2.64% | 2.63% | 2.56% | 2.65% | 2.78% |
FCFTX Fidelity Advisor Freedom 2010 Fund Class M | 4.70% | 4.70% | 2.56% | 2.24% | 6.83% | 8.60% | 5.58% | 5.52% | 8.73% | 6.18% | 4.19% | 3.91% |
Drawdowns
VCAIX vs. FCFTX - Drawdown Comparison
The maximum VCAIX drawdown since its inception was -11.22%, smaller than the maximum FCFTX drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for VCAIX and FCFTX.
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Drawdown Indicators
| VCAIX | FCFTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.22% | -38.51% | +27.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.78% | -4.18% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -11.22% | -18.70% | +7.48% |
Max Drawdown (10Y)Largest decline over 10 years | -11.22% | -18.70% | +7.48% |
Current DrawdownCurrent decline from peak | -2.64% | -2.96% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -4.20% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.05% | -0.05% |
Volatility
VCAIX vs. FCFTX - Volatility Comparison
The current volatility for Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) is 0.98%, while Fidelity Advisor Freedom 2010 Fund Class M (FCFTX) has a volatility of 2.61%. This indicates that VCAIX experiences smaller price fluctuations and is considered to be less risky than FCFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCAIX | FCFTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.61% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 3.62% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 5.53% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 6.33% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.41% | 6.32% | -2.91% |