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.
Correlation
The correlation between VCAIX and SGOV is 0.05, 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.
Performance
VCAIX vs. SGOV - Performance Comparison
Key characteristics
VCAIX:
0.62
SGOV:
21.80
VCAIX:
0.88
SGOV:
517.08
VCAIX:
1.13
SGOV:
518.08
VCAIX:
0.51
SGOV:
530.63
VCAIX:
2.09
SGOV:
8,423.53
VCAIX:
0.82%
SGOV:
0.00%
VCAIX:
2.79%
SGOV:
0.24%
VCAIX:
-11.25%
SGOV:
-0.03%
VCAIX:
-1.73%
SGOV:
0.00%
Returns By Period
In the year-to-date period, VCAIX achieves a 1.24% return, which is significantly lower than SGOV's 5.15% return.
VCAIX
1.24%
-0.46%
1.33%
1.64%
1.07%
2.13%
SGOV
5.15%
0.39%
2.53%
5.25%
N/A
N/A
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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%.
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 2.77%, less than SGOV's 5.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCAIX Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares | 2.77% | 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 | 5.11% | 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 1.04% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. 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.