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VCITX vs. VWITX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VCITX and VWITX 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. VWITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX). The values are adjusted to include any dividend payments, if applicable.

480.00%500.00%520.00%540.00%560.00%580.00%600.00%620.00%December2025FebruaryMarchAprilMay
591.07%
499.38%
VCITX
VWITX

Key characteristics

Sharpe Ratio

VCITX:

0.09

VWITX:

0.32

Sortino Ratio

VCITX:

0.15

VWITX:

0.43

Omega Ratio

VCITX:

1.02

VWITX:

1.07

Calmar Ratio

VCITX:

0.07

VWITX:

0.31

Martin Ratio

VCITX:

0.27

VWITX:

1.09

Ulcer Index

VCITX:

1.86%

VWITX:

1.23%

Daily Std Dev

VCITX:

5.89%

VWITX:

4.29%

Max Drawdown

VCITX:

-19.43%

VWITX:

-11.56%

Current Drawdown

VCITX:

-3.85%

VWITX:

-2.07%

Returns By Period

In the year-to-date period, VCITX achieves a -1.80% return, which is significantly lower than VWITX's -0.62% return. Over the past 10 years, VCITX has outperformed VWITX with an annualized return of 2.34%, while VWITX has yielded a comparatively lower 2.14% annualized return.


VCITX

YTD

-1.80%

1M

3.05%

6M

-1.76%

1Y

0.50%

5Y*

0.72%

10Y*

2.34%

VWITX

YTD

-0.62%

1M

2.29%

6M

-0.55%

1Y

1.34%

5Y*

1.26%

10Y*

2.14%

*Annualized

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VCITX vs. VWITX - Expense Ratio Comparison

Both VCITX and VWITX have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Risk-Adjusted Performance

VCITX vs. VWITX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VCITX
The Risk-Adjusted Performance Rank of VCITX is 2525
Overall Rank
The Sharpe Ratio Rank of VCITX is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of VCITX is 2222
Sortino Ratio Rank
The Omega Ratio Rank of VCITX is 2323
Omega Ratio Rank
The Calmar Ratio Rank of VCITX is 2828
Calmar Ratio Rank
The Martin Ratio Rank of VCITX is 2727
Martin Ratio Rank

VWITX
The Risk-Adjusted Performance Rank of VWITX is 4242
Overall Rank
The Sharpe Ratio Rank of VWITX is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of VWITX is 3636
Sortino Ratio Rank
The Omega Ratio Rank of VWITX is 4040
Omega Ratio Rank
The Calmar Ratio Rank of VWITX is 4848
Calmar Ratio Rank
The Martin Ratio Rank of VWITX is 4343
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VCITX vs. VWITX - 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 Tax-Exempt Fund Investor Shares (VWITX). 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 0.09, which is lower than the VWITX Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of VCITX and VWITX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00December2025FebruaryMarchAprilMay
0.09
0.32
VCITX
VWITX

Dividends

VCITX vs. VWITX - Dividend Comparison

VCITX's dividend yield for the trailing twelve months is around 3.15%, more than VWITX's 2.86% yield.


TTM20242023202220212020201920182017201620152014
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%
VWITX
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares
2.86%3.01%2.71%2.43%2.08%2.32%2.61%2.81%2.73%2.81%2.89%3.05%

Drawdowns

VCITX vs. VWITX - Drawdown Comparison

The maximum VCITX drawdown since its inception was -19.43%, which is greater than VWITX's maximum drawdown of -11.56%. Use the drawdown chart below to compare losses from any high point for VCITX and VWITX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-3.85%
-2.07%
VCITX
VWITX

Volatility

VCITX vs. VWITX - Volatility Comparison

Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) has a higher volatility of 2.99% compared to Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) at 2.02%. This indicates that VCITX's price experiences larger fluctuations and is considered to be riskier than VWITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
2.99%
2.02%
VCITX
VWITX