VCLAX vs. VCADX
Compare and contrast key facts about Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX).
VCLAX is managed by Vanguard. It was launched on Nov 12, 2001. VCADX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCLAX or VCADX.
Correlation
The correlation between VCLAX and VCADX 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.
Performance
VCLAX vs. VCADX - Performance Comparison
Key characteristics
VCLAX:
0.11
VCADX:
0.33
VCLAX:
0.18
VCADX:
0.46
VCLAX:
1.03
VCADX:
1.08
VCLAX:
0.10
VCADX:
0.34
VCLAX:
0.39
VCADX:
1.26
VCLAX:
1.68%
VCADX:
1.12%
VCLAX:
5.91%
VCADX:
4.26%
VCLAX:
-16.25%
VCADX:
-11.16%
VCLAX:
-4.52%
VCADX:
-2.72%
Returns By Period
In the year-to-date period, VCLAX achieves a -2.75% return, which is significantly lower than VCADX's -1.37% return. Over the past 10 years, VCLAX has outperformed VCADX with an annualized return of 2.21%, while VCADX has yielded a comparatively lower 2.01% annualized return.
VCLAX
-2.75%
-2.19%
-1.92%
0.75%
0.77%
2.21%
VCADX
-1.37%
-1.43%
-0.73%
1.42%
1.12%
2.01%
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VCLAX vs. VCADX - Expense Ratio Comparison
Both VCLAX and VCADX have an expense ratio of 0.09%, 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
VCLAX vs. VCADX — Risk-Adjusted Performance Rank
VCLAX
VCADX
VCLAX vs. VCADX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX). 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
VCLAX vs. VCADX - Dividend Comparison
VCLAX's dividend yield for the trailing twelve months is around 3.55%, more than VCADX's 2.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares | 3.55% | 3.38% | 3.07% | 2.74% | 2.40% | 2.64% | 3.01% | 3.39% | 3.34% | 3.56% | 3.58% | 3.71% |
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.99% | 2.86% | 2.57% | 2.36% | 2.10% | 2.27% | 2.52% | 2.71% | 2.68% | 2.78% | 2.87% | 3.08% |
Drawdowns
VCLAX vs. VCADX - Drawdown Comparison
The maximum VCLAX drawdown since its inception was -16.25%, which is greater than VCADX's maximum drawdown of -11.16%. Use the drawdown chart below to compare losses from any high point for VCLAX and VCADX. For additional features, visit the drawdowns tool.
Volatility
VCLAX vs. VCADX - Volatility Comparison
Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX) has a higher volatility of 4.60% compared to Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) at 3.27%. This indicates that VCLAX's price experiences larger fluctuations and is considered to be riskier than VCADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.