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.
Performance
VCITX vs. FSDIX - Performance Comparison
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VCITX vs. FSDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | -1.00% | 4.90% | 2.66% | 7.51% | -10.06% | 1.46% | 5.60% | 8.81% | 0.67% | 6.82% |
FSDIX Fidelity Strategic Dividend & Income Fund | 3.35% | 6.52% | 11.52% | 9.45% | -9.84% | 19.03% | 11.23% | 22.50% | -4.33% | 11.23% |
Returns By Period
In the year-to-date period, VCITX achieves a -1.00% return, which is significantly lower than FSDIX's 3.35% return. Over the past 10 years, VCITX has underperformed FSDIX with an annualized return of 2.40%, while FSDIX has yielded a comparatively higher 8.58% annualized return.
VCITX
- 1D
- 0.27%
- 1M
- -3.17%
- YTD
- -1.00%
- 6M
- 0.86%
- 1Y
- 4.03%
- 3Y*
- 3.63%
- 5Y*
- 1.10%
- 10Y*
- 2.40%
FSDIX
- 1D
- -0.27%
- 1M
- -5.65%
- YTD
- 3.35%
- 6M
- -0.38%
- 1Y
- 8.54%
- 3Y*
- 9.57%
- 5Y*
- 6.48%
- 10Y*
- 8.58%
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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.
Return for Risk
VCITX vs. FSDIX — Risk / Return Rank
VCITX
FSDIX
VCITX vs. FSDIX - Risk-Adjusted Trends 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.
| VCITX | FSDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.70 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.21 | 0.96 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.85 | +0.13 |
Martin ratioReturn relative to average drawdown | 2.95 | 3.41 | -0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCITX | FSDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.70 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.58 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.69 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.51 | +0.51 |
Correlation
The correlation between VCITX and FSDIX is -0.05. 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.
Dividends
VCITX vs. FSDIX - Dividend Comparison
VCITX's dividend yield for the trailing twelve months is around 3.58%, more than FSDIX's 1.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.58% | 4.34% | 3.85% | 2.99% | 2.66% | 2.56% | 3.21% | 3.16% | 3.32% | 3.22% | 3.45% | 3.50% |
FSDIX Fidelity Strategic Dividend & Income Fund | 1.74% | 1.80% | 5.27% | 5.71% | 4.23% | 8.43% | 5.67% | 6.68% | 8.19% | 6.57% | 4.92% | 6.38% |
Drawdowns
VCITX vs. FSDIX - Drawdown Comparison
The maximum VCITX drawdown since its inception was -22.71%, smaller than the maximum FSDIX drawdown of -58.92%. Use the drawdown chart below to compare losses from any high point for VCITX and FSDIX.
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Drawdown Indicators
| VCITX | FSDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.71% | -58.92% | +36.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -9.50% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | -17.08% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -15.79% | -29.99% | +14.20% |
Current DrawdownCurrent decline from peak | -3.17% | -5.75% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -6.40% | +3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 2.35% | -0.59% |
Volatility
VCITX vs. FSDIX - Volatility Comparison
The current volatility for Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) is 1.26%, while Fidelity Strategic Dividend & Income Fund (FSDIX) has a volatility of 3.31%. 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.
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Volatility by Period
| VCITX | FSDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 3.31% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 8.75% | -6.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 13.16% | -7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 11.23% | -6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 12.55% | -8.01% |