VCAIX vs. VTSAX
Compare and contrast key facts about Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX).
VCAIX is managed by Vanguard. It was launched on Mar 4, 1994. VTSAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCAIX or VTSAX.
Performance
VCAIX vs. VTSAX - Performance Comparison
Returns By Period
In the year-to-date period, VCAIX achieves a 1.71% return, which is significantly lower than VTSAX's 25.61% return. Over the past 10 years, VCAIX has underperformed VTSAX with an annualized return of 2.22%, while VTSAX has yielded a comparatively higher 12.66% annualized return.
VCAIX
1.71%
0.15%
3.03%
5.46%
1.24%
2.22%
VTSAX
25.61%
2.56%
14.24%
32.94%
15.09%
12.66%
Key characteristics
| VCAIX | VTSAX | |
|---|---|---|
| Sharpe Ratio | 1.99 | 2.67 |
| Sortino Ratio | 3.06 | 3.56 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 1.08 | 3.92 |
| Martin Ratio | 7.17 | 17.04 |
| Ulcer Index | 0.79% | 1.97% |
| Daily Std Dev | 2.84% | 12.55% |
| Max Drawdown | -11.25% | -55.34% |
| Current Drawdown | -1.15% | -0.81% |
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VCAIX vs. VTSAX - Expense Ratio Comparison
VCAIX has a 0.17% expense ratio, which is higher than VTSAX's 0.04% 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 VTSAX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
VCAIX vs. VTSAX - 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 Total Stock Market Index Fund Admiral Shares (VTSAX). 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. VTSAX - Dividend Comparison
VCAIX's dividend yield for the trailing twelve months is around 2.73%, more than VTSAX's 1.26% 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% |
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares | 1.26% | 1.43% | 1.65% | 1.20% | 1.41% | 1.77% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
VCAIX vs. VTSAX - Drawdown Comparison
The maximum VCAIX drawdown since its inception was -11.25%, smaller than the maximum VTSAX drawdown of -55.34%. Use the drawdown chart below to compare losses from any high point for VCAIX and VTSAX. For additional features, visit the drawdowns tool.
Volatility
VCAIX vs. VTSAX - Volatility Comparison
The current volatility for Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) is 1.19%, while Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) has a volatility of 4.16%. This indicates that VCAIX experiences smaller price fluctuations and is considered to be less risky than VTSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.