VCITX vs. VTEB
Compare and contrast key facts about Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VCITX is managed by Vanguard. It was launched on Apr 7, 1986. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCITX or VTEB.
Correlation
The correlation between VCITX and VTEB is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VCITX vs. VTEB - Performance Comparison
Key characteristics
VCITX:
0.09
VTEB:
0.10
VCITX:
0.15
VTEB:
0.16
VCITX:
1.02
VTEB:
1.02
VCITX:
0.07
VTEB:
0.10
VCITX:
0.27
VTEB:
0.32
VCITX:
1.86%
VTEB:
1.52%
VCITX:
5.89%
VTEB:
4.73%
VCITX:
-19.43%
VTEB:
-17.00%
VCITX:
-3.85%
VTEB:
-2.92%
Returns By Period
In the year-to-date period, VCITX achieves a -1.80% return, which is significantly lower than VTEB's -1.35% return.
VCITX
-1.80%
3.05%
-1.76%
0.50%
0.72%
2.34%
VTEB
-1.35%
1.11%
-1.63%
0.48%
0.91%
N/A
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VCITX vs. VTEB - Expense Ratio Comparison
VCITX has a 0.17% expense ratio, which is higher than VTEB's 0.05% 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. VTEB — Risk-Adjusted Performance Rank
VCITX
VTEB
VCITX vs. VTEB - 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 Tax-Exempt Bond ETF (VTEB). 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. VTEB - Dividend Comparison
VCITX's dividend yield for the trailing twelve months is around 3.15%, less than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.15% | 3.30% | 2.99% | 2.66% | 2.34% | 2.56% | 2.93% | 3.32% | 3.22% | 3.45% | 3.53% | 3.64% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
VCITX vs. VTEB - Drawdown Comparison
The maximum VCITX drawdown since its inception was -19.43%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VCITX and VTEB. For additional features, visit the drawdowns tool.
Volatility
VCITX vs. VTEB - Volatility Comparison
Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) has a higher volatility of 2.99% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.59%. This indicates that VCITX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.