VCAIX vs. SGOV
Compare and contrast key facts about Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
VCAIX is managed by Vanguard. It was launched on Mar 4, 1994. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCAIX or SGOV.
Performance
VCAIX vs. SGOV - Performance Comparison
Returns By Period
In the year-to-date period, VCAIX achieves a 1.71% return, which is significantly lower than SGOV's 4.75% return.
VCAIX
1.71%
0.15%
3.03%
5.46%
1.24%
2.22%
SGOV
4.75%
0.38%
2.53%
5.31%
N/A
N/A
Key characteristics
| VCAIX | SGOV | |
|---|---|---|
| Sharpe Ratio | 1.99 | 21.74 |
| Sortino Ratio | 3.06 | 523.74 |
| Omega Ratio | 1.47 | 524.74 |
| Calmar Ratio | 1.08 | 537.55 |
| Martin Ratio | 7.17 | 8,533.31 |
| Ulcer Index | 0.79% | 0.00% |
| Daily Std Dev | 2.84% | 0.25% |
| Max Drawdown | -11.25% | -0.03% |
| Current Drawdown | -1.15% | 0.00% |
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VCAIX vs. SGOV - Expense Ratio Comparison
VCAIX has a 0.17% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VCAIX and SGOV 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.
Risk-Adjusted Performance
VCAIX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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
VCAIX vs. SGOV - Dividend Comparison
VCAIX's dividend yield for the trailing twelve months is around 2.73%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCAIX Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares | 2.73% | 2.50% | 2.28% | 2.02% | 2.18% | 2.46% | 2.63% | 2.59% | 2.65% | 2.78% | 3.00% | 3.30% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VCAIX vs. SGOV - Drawdown Comparison
The maximum VCAIX drawdown since its inception was -11.25%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VCAIX and SGOV. For additional features, visit the drawdowns tool.
Volatility
VCAIX vs. SGOV - Volatility Comparison
Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) has a higher volatility of 1.19% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that VCAIX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.