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:
0.95
VTIP:
4.18
VCLAX:
1.31
VTIP:
6.72
VCLAX:
1.19
VTIP:
1.93
VCLAX:
0.64
VTIP:
9.24
VCLAX:
2.90
VTIP:
27.67
VCLAX:
1.26%
VTIP:
0.25%
VCLAX:
3.85%
VTIP:
1.67%
VCLAX:
-16.25%
VTIP:
-6.27%
VCLAX:
-0.86%
VTIP:
0.00%
Returns By Period
In the year-to-date period, VCLAX achieves a 0.98% return, which is significantly lower than VTIP's 2.13% return. Both investments have delivered pretty close results over the past 10 years, with VCLAX having a 2.62% annualized return and VTIP not far ahead at 2.74%.
VCLAX
0.98%
1.16%
1.07%
3.18%
0.52%
2.62%
VTIP
2.13%
1.29%
3.06%
6.43%
3.69%
2.74%
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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 3.11%, more than VTIP's 2.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares | 3.11% | 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 | 2.65% | 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 1.10% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.47%. 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.