Correlation
The correlation between VCITX and BCHYX is 0.00, 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.
VCITX vs. BCHYX
Compare and contrast key facts about Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and American Century California High Yield Municipal Fund (BCHYX).
VCITX is managed by Vanguard. It was launched on Apr 7, 1986. BCHYX is managed by American Century Investments. It was launched on Dec 29, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCITX or BCHYX.
Performance
VCITX vs. BCHYX - Performance Comparison
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Key characteristics
VCITX:
0.27
BCHYX:
0.18
VCITX:
0.31
BCHYX:
0.21
VCITX:
1.05
BCHYX:
1.04
VCITX:
0.19
BCHYX:
0.10
VCITX:
0.60
BCHYX:
0.37
VCITX:
2.04%
BCHYX:
2.21%
VCITX:
5.93%
BCHYX:
6.37%
VCITX:
-19.43%
BCHYX:
-17.63%
VCITX:
-4.13%
BCHYX:
-5.89%
Returns By Period
In the year-to-date period, VCITX achieves a -2.39% return, which is significantly higher than BCHYX's -2.86% return. Over the past 10 years, VCITX has underperformed BCHYX with an annualized return of 2.38%, while BCHYX has yielded a comparatively higher 2.52% annualized return.
VCITX
-2.39%
-0.81%
-3.71%
1.58%
1.84%
0.42%
2.38%
BCHYX
-2.86%
-1.16%
-4.32%
1.14%
1.21%
1.10%
2.52%
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VCITX vs. BCHYX - Expense Ratio Comparison
VCITX has a 0.17% expense ratio, which is lower than BCHYX's 0.49% expense ratio.
Risk-Adjusted Performance
VCITX vs. BCHYX — Risk-Adjusted Performance Rank
VCITX
BCHYX
VCITX vs. BCHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and American Century California High Yield Municipal Fund (BCHYX). 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.
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Dividends
VCITX vs. BCHYX - Dividend Comparison
VCITX's dividend yield for the trailing twelve months is around 3.48%, less than BCHYX's 3.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.48% | 3.30% | 2.99% | 2.66% | 2.97% | 3.21% | 2.93% | 3.32% | 3.22% | 3.45% | 3.53% | 3.64% |
BCHYX American Century California High Yield Municipal Fund | 3.93% | 3.77% | 3.65% | 3.43% | 2.94% | 3.06% | 3.22% | 3.52% | 3.49% | 3.61% | 3.70% | 3.87% |
Drawdowns
VCITX vs. BCHYX - Drawdown Comparison
The maximum VCITX drawdown since its inception was -19.43%, which is greater than BCHYX's maximum drawdown of -17.63%. Use the drawdown chart below to compare losses from any high point for VCITX and BCHYX.
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Volatility
VCITX vs. BCHYX - Volatility Comparison
The current volatility for Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) is 0.86%, while American Century California High Yield Municipal Fund (BCHYX) has a volatility of 0.96%. This indicates that VCITX experiences smaller price fluctuations and is considered to be less risky than BCHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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