VCLAX vs. VTIP
Compare and contrast key facts about Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
VCLAX is managed by Vanguard. It was launched on Nov 12, 2001. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCLAX or VTIP.
Correlation
The correlation between VCLAX and VTIP is 0.29, 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
VCLAX vs. VTIP - Performance Comparison
Key characteristics
VCLAX:
0.78
VTIP:
4.32
VCLAX:
1.09
VTIP:
7.39
VCLAX:
1.15
VTIP:
2.03
VCLAX:
0.54
VTIP:
10.23
VCLAX:
2.40
VTIP:
30.83
VCLAX:
1.29%
VTIP:
0.25%
VCLAX:
3.98%
VTIP:
1.79%
VCLAX:
-16.25%
VTIP:
-6.27%
VCLAX:
-1.87%
VTIP:
0.00%
Returns By Period
In the year-to-date period, VCLAX achieves a -0.05% return, which is significantly lower than VTIP's 3.59% return. Over the past 10 years, VCLAX has underperformed VTIP with an annualized return of 2.43%, while VTIP has yielded a comparatively higher 2.85% annualized return.
VCLAX
-0.05%
-1.22%
-1.52%
3.19%
1.56%
2.43%
VTIP
3.59%
1.33%
3.40%
7.60%
4.07%
2.85%
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VCLAX vs. VTIP - Expense Ratio Comparison
VCLAX has a 0.09% expense ratio, which is higher than VTIP'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
VCLAX vs. VTIP — Risk-Adjusted Performance Rank
VCLAX
VTIP
VCLAX vs. VTIP - 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
VCLAX's dividend yield for the trailing twelve months is around 3.16%, more than VTIP's 2.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares | 3.16% | 3.38% | 3.07% | 2.74% | 2.40% | 2.64% | 3.01% | 3.39% | 3.34% | 3.56% | 3.58% | 3.71% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.75% | 2.70% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% |
Drawdowns
VCLAX vs. VTIP - Drawdown Comparison
The maximum VCLAX drawdown since its inception was -16.25%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VCLAX and VTIP. For additional features, visit the drawdowns tool.
Volatility
VCLAX vs. VTIP - Volatility Comparison
Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX) has a higher volatility of 1.36% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.77%. This indicates that VCLAX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.