VCAIX vs. VCADX
Compare and contrast key facts about Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX).
VCAIX is managed by Vanguard. It was launched on Mar 4, 1994. VCADX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCAIX or VCADX.
Performance
VCAIX vs. VCADX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VCAIX having a 1.71% return and VCADX slightly higher at 1.77%. Both investments have delivered pretty close results over the past 10 years, with VCAIX having a 2.22% annualized return and VCADX not far ahead at 2.31%.
VCAIX
1.71%
0.67%
3.12%
5.46%
1.24%
2.22%
VCADX
1.77%
0.68%
3.16%
5.55%
1.32%
2.31%
Key characteristics
| VCAIX | VCADX | |
|---|---|---|
| Sharpe Ratio | 1.93 | 1.96 |
| Sortino Ratio | 2.96 | 3.01 |
| Omega Ratio | 1.45 | 1.46 |
| Calmar Ratio | 1.05 | 1.10 |
| Martin Ratio | 6.90 | 7.04 |
| Ulcer Index | 0.79% | 0.79% |
| Daily Std Dev | 2.83% | 2.84% |
| Max Drawdown | -11.25% | -11.16% |
| Current Drawdown | -1.15% | -1.15% |
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VCAIX vs. VCADX - Expense Ratio Comparison
VCAIX has a 0.17% expense ratio, which is higher than VCADX's 0.09% 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 VCADX 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.
Risk-Adjusted Performance
VCAIX vs. VCADX - 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 Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX). 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. VCADX - Dividend Comparison
VCAIX's dividend yield for the trailing twelve months is around 2.73%, less than VCADX's 2.81% 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% |
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.81% | 2.57% | 2.36% | 2.10% | 2.27% | 2.52% | 2.71% | 2.68% | 2.78% | 2.87% | 3.08% | 3.40% |
Drawdowns
VCAIX vs. VCADX - Drawdown Comparison
The maximum VCAIX drawdown since its inception was -11.25%, roughly equal to the maximum VCADX drawdown of -11.16%. Use the drawdown chart below to compare losses from any high point for VCAIX and VCADX. For additional features, visit the drawdowns tool.
Volatility
VCAIX vs. VCADX - Volatility Comparison
Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) have volatilities of 1.19% and 1.19%, 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.