VCITX vs. FSDIX
Compare and contrast key facts about Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and Fidelity Strategic Dividend & Income Fund (FSDIX).
VCITX is managed by Vanguard. It was launched on Apr 7, 1986. FSDIX is managed by Fidelity. It was launched on Dec 23, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCITX or FSDIX.
Key characteristics
| VCITX | FSDIX | |
|---|---|---|
| YTD Return | 3.01% | 13.08% |
| 1Y Return | 9.54% | 18.95% |
| 3Y Return (Ann) | -0.01% | 5.52% |
| 5Y Return (Ann) | 1.62% | 9.19% |
| 10Y Return (Ann) | 2.96% | 8.27% |
| Sharpe Ratio | 2.11 | 2.09 |
| Daily Std Dev | 4.43% | 8.91% |
| Max Drawdown | -19.43% | -58.56% |
| Current Drawdown | -0.61% | -0.22% |
Correlation
The correlation between VCITX and FSDIX is -0.06. 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.
Performance
VCITX vs. FSDIX - Performance Comparison
In the year-to-date period, VCITX achieves a 3.01% return, which is significantly lower than FSDIX's 13.08% return. Over the past 10 years, VCITX has underperformed FSDIX with an annualized return of 2.96%, while FSDIX has yielded a comparatively higher 8.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VCITX vs. FSDIX - Expense Ratio Comparison
VCITX has a 0.17% expense ratio, which is lower than FSDIX's 0.68% expense ratio.
Risk-Adjusted Performance
VCITX vs. FSDIX - 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 Fidelity Strategic Dividend & Income Fund (FSDIX). 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
VCITX vs. FSDIX - Dividend Comparison
VCITX's dividend yield for the trailing twelve months is around 3.17%, less than FSDIX's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.17% | 2.99% | 2.66% | 2.95% | 3.21% | 2.93% | 3.32% | 3.22% | 3.45% | 3.53% | 3.64% | 4.00% |
FSDIX Fidelity Strategic Dividend & Income Fund | 5.17% | 5.71% | 4.23% | 8.43% | 5.67% | 6.68% | 8.19% | 7.41% | 4.92% | 4.39% | 9.15% | 3.90% |
Drawdowns
VCITX vs. FSDIX - Drawdown Comparison
The maximum VCITX drawdown since its inception was -19.43%, smaller than the maximum FSDIX drawdown of -58.56%. Use the drawdown chart below to compare losses from any high point for VCITX and FSDIX. For additional features, visit the drawdowns tool.
Volatility
VCITX vs. FSDIX - Volatility Comparison
The current volatility for Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) is 0.49%, while Fidelity Strategic Dividend & Income Fund (FSDIX) has a volatility of 2.22%. This indicates that VCITX experiences smaller price fluctuations and is considered to be less risky than FSDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.