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.
Performance
VCLAX vs. VTIP - Performance Comparison
Returns By Period
In the year-to-date period, VCLAX achieves a 2.41% return, which is significantly lower than VTIP's 4.61% return. Over the past 10 years, VCLAX has outperformed VTIP with an annualized return of 2.74%, while VTIP has yielded a comparatively lower 2.41% annualized return.
VCLAX
2.41%
-0.23%
3.07%
7.91%
1.23%
2.74%
VTIP
4.61%
-0.08%
3.01%
6.59%
3.53%
2.41%
Key characteristics
| VCLAX | VTIP | |
|---|---|---|
| Sharpe Ratio | 2.08 | 3.15 |
| Sortino Ratio | 3.11 | 5.58 |
| Omega Ratio | 1.47 | 1.73 |
| Calmar Ratio | 0.92 | 4.96 |
| Martin Ratio | 8.39 | 24.40 |
| Ulcer Index | 0.97% | 0.27% |
| Daily Std Dev | 3.90% | 2.13% |
| Max Drawdown | -16.25% | -6.27% |
| Current Drawdown | -1.61% | -0.41% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
Correlation
The correlation between VCLAX and VTIP is 0.28, 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.
Risk-Adjusted Performance
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 3.34%, less than VTIP's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares | 3.34% | 3.07% | 2.74% | 2.40% | 2.64% | 3.01% | 3.39% | 3.34% | 3.56% | 3.58% | 3.71% | 4.07% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
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 1.96% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.48%. 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.