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VMLTX vs. CCSTX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

VMLTX vs. CCSTX

Last updated May 12, 2025

Compare and contrast key facts about Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Capital Group California Short-Term Municipal Fund (CCSTX).

VMLTX is managed by Vanguard. It was launched on Aug 31, 1987. CCSTX is managed by Capital Group. It was launched on Apr 12, 2010.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMLTX or CCSTX.

Correlation

The correlation between VMLTX and CCSTX is -0.63. 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

VMLTX vs. CCSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Capital Group California Short-Term Municipal Fund (CCSTX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

VMLTX:

0.85%

CCSTX:

1.53%

Max Drawdown

VMLTX:

0.00%

CCSTX:

-0.10%

Current Drawdown

VMLTX:

0.00%

CCSTX:

0.00%

Returns By Period

VMLTX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

CCSTX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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VMLTX vs. CCSTX - Expense Ratio Comparison

VMLTX has a 0.17% expense ratio, which is lower than CCSTX's 0.30% expense ratio.

CCSTX
Capital Group California Short-Term Municipal Fund
VMLTX
Vanguard Limited-Term Tax-Exempt Fund Investor Shares

Risk-Adjusted Performance

VMLTX vs. CCSTX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VMLTX
The Risk-Adjusted Performance Rank of VMLTX is 8888
Overall Rank
The Sharpe Ratio Rank of VMLTX is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of VMLTX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of VMLTX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of VMLTX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of VMLTX is 8888
Martin Ratio Rank
CCSTX
The Risk-Adjusted Performance Rank of CCSTX is 8989
Overall Rank
The Sharpe Ratio Rank of CCSTX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of CCSTX is 8787
Sortino Ratio Rank
The Omega Ratio Rank of CCSTX is 9090
Omega Ratio Rank
The Calmar Ratio Rank of CCSTX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of CCSTX is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VMLTX vs. CCSTX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Capital Group California Short-Term Municipal Fund (CCSTX). 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.

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Dividends

VMLTX vs. CCSTX - Dividend Comparison

VMLTX's dividend yield for the trailing twelve months is around 2.64%, more than CCSTX's 2.20% yield.

TTM20242023202220212020201920182017201620152014
VMLTX
Vanguard Limited-Term Tax-Exempt Fund Investor Shares		2.64%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CCSTX
Capital Group California Short-Term Municipal Fund		2.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

VMLTX vs. CCSTX - Drawdown Comparison

The maximum VMLTX drawdown since its inception was 0.00%, smaller than the maximum CCSTX drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for VMLTX and CCSTX. For additional features, visit the drawdowns tool.

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Volatility

VMLTX vs. CCSTX - Volatility Comparison

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