Correlation
The correlation between VCITX and VCIT is -0.11. 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.
VCITX vs. VCIT
Compare and contrast key facts about Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
VCITX is managed by Vanguard. It was launched on Apr 7, 1986. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCITX or VCIT.
Performance
VCITX vs. VCIT - Performance Comparison
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Key characteristics
VCITX:
0.28
VCIT:
1.45
VCITX:
0.29
VCIT:
1.82
VCITX:
1.05
VCIT:
1.23
VCITX:
0.18
VCIT:
0.75
VCITX:
0.56
VCIT:
4.22
VCITX:
2.02%
VCIT:
1.69%
VCITX:
5.94%
VCIT:
5.59%
VCITX:
-19.43%
VCIT:
-20.56%
VCITX:
-4.04%
VCIT:
-2.27%
Returns By Period
In the year-to-date period, VCITX achieves a -2.30% return, which is significantly lower than VCIT's 3.07% return. Over the past 10 years, VCITX has underperformed VCIT with an annualized return of 2.36%, while VCIT has yielded a comparatively higher 2.88% annualized return.
VCITX
-2.30%
-0.06%
-3.11%
1.67%
2.04%
0.44%
2.36%
VCIT
3.07%
-0.03%
1.89%
8.01%
3.39%
0.71%
2.88%
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VCITX vs. VCIT - Expense Ratio Comparison
VCITX has a 0.17% expense ratio, which is higher than VCIT's 0.04% 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%.
Risk-Adjusted Performance
VCITX vs. VCIT — Risk-Adjusted Performance Rank
VCITX
VCIT
VCITX vs. VCIT - 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 Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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. VCIT - Dividend Comparison
VCITX's dividend yield for the trailing twelve months is around 3.47%, less than VCIT's 4.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.47% | 3.30% | 2.99% | 2.66% | 2.95% | 3.21% | 2.93% | 3.32% | 3.22% | 3.45% | 3.53% | 3.64% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.48% | 4.43% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% |
Drawdowns
VCITX vs. VCIT - Drawdown Comparison
The maximum VCITX drawdown since its inception was -19.43%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VCITX and VCIT.
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Volatility
VCITX vs. VCIT - Volatility Comparison
The current volatility for Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) is 1.11%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.55%. This indicates that VCITX experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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