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 0.08, 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:
0.11
VTIP:
3.94
VCLAX:
0.18
VTIP:
6.50
VCLAX:
1.03
VTIP:
1.91
VCLAX:
0.10
VTIP:
7.68
VCLAX:
0.39
VTIP:
26.45
VCLAX:
1.68%
VTIP:
0.28%
VCLAX:
5.91%
VTIP:
1.91%
VCLAX:
-16.25%
VTIP:
-6.27%
VCLAX:
-4.52%
VTIP:
-0.14%
Returns By Period
In the year-to-date period, VCLAX achieves a -2.75% return, which is significantly lower than VTIP's 3.45% return. Over the past 10 years, VCLAX has underperformed VTIP with an annualized return of 2.21%, while VTIP has yielded a comparatively higher 2.81% annualized return.
VCLAX
-2.75%
-2.19%
-1.92%
0.75%
0.77%
2.21%
VTIP
3.45%
0.94%
3.74%
7.47%
4.07%
2.81%
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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 3.55%, more than VTIP's 2.76% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.76% | 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 4.60% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 1.09%. 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.