VCITX vs. BND

In the year-to-date period, VCITX achieves a -2.39% return, which is significantly lower than BND's 2.49% return. Over the past 10 years, VCITX has outperformed BND with an annualized return of 2.38%, while BND has yielded a comparatively lower 1.54% annualized return.

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VCITX has a 0.17% expense ratio, which is higher than BND'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%.

This table presents a comparison of risk-adjusted performance metrics for Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and Vanguard Total Bond Market ETF (BND). 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.

The current VCITX Sharpe Ratio is 0.27, which is lower than the BND Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of VCITX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

VCITX's dividend yield for the trailing twelve months is around 3.48%, less than BND's 3.74% yield.

The maximum VCITX drawdown since its inception was -19.43%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VCITX and BND.

The current volatility for Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) is 0.86%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.52%. This indicates that VCITX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.