VCITX vs. PRXCX

In the year-to-date period, VCITX achieves a -2.39% return, which is significantly higher than PRXCX's -2.81% return. Over the past 10 years, VCITX has outperformed PRXCX with an annualized return of 2.38%, while PRXCX has yielded a comparatively lower 2.14% annualized return.

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VCITX has a 0.17% expense ratio, which is lower than PRXCX's 0.53% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and T. Rowe Price California Tax Free Bond Fund (PRXCX). 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 higher than the PRXCX Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of VCITX and PRXCX, 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%, more than PRXCX's 3.12% yield.

The maximum VCITX drawdown since its inception was -19.43%, roughly equal to the maximum PRXCX drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for VCITX and PRXCX.

Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and T. Rowe Price California Tax Free Bond Fund (PRXCX) have volatilities of 0.86% and 0.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.