VSBIX vs. PRXCX
Compare and contrast key facts about Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and T. Rowe Price California Tax Free Bond Fund (PRXCX).
VSBIX is managed by Vanguard. It was launched on Aug 23, 2010. PRXCX is managed by T. Rowe Price. It was launched on Sep 14, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSBIX or PRXCX.
Key characteristics
| VSBIX | PRXCX | |
|---|---|---|
| YTD Return | 4.04% | 3.42% |
| 1Y Return | 6.87% | 9.18% |
| 3Y Return (Ann) | 1.20% | 0.24% |
| 5Y Return (Ann) | 1.46% | 1.70% |
| 10Y Return (Ann) | 1.36% | 2.72% |
| Sharpe Ratio | 3.56 | 2.16 |
| Daily Std Dev | 1.91% | 4.20% |
| Max Drawdown | -5.74% | -19.48% |
| Current Drawdown | -0.12% | -0.09% |
Correlation
The correlation between VSBIX and PRXCX is 0.37, 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
VSBIX vs. PRXCX - Performance Comparison
In the year-to-date period, VSBIX achieves a 4.04% return, which is significantly higher than PRXCX's 3.42% return. Over the past 10 years, VSBIX has underperformed PRXCX with an annualized return of 1.36%, while PRXCX has yielded a comparatively higher 2.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VSBIX vs. PRXCX - Expense Ratio Comparison
VSBIX has a 0.05% expense ratio, which is lower than PRXCX's 0.53% expense ratio.
Risk-Adjusted Performance
VSBIX vs. PRXCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and T. Rowe Price California Tax Free Bond Fund (PRXCX). 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
VSBIX vs. PRXCX - Dividend Comparison
VSBIX's dividend yield for the trailing twelve months is around 4.00%, more than PRXCX's 3.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 4.00% | 3.31% | 1.14% | 0.65% | 1.74% | 2.28% | 1.82% | 1.11% | 0.87% | 0.74% | 0.49% | 0.37% |
PRXCX T. Rowe Price California Tax Free Bond Fund | 3.17% | 3.04% | 2.92% | 2.82% | 2.81% | 2.93% | 3.12% | 3.09% | 3.35% | 3.43% | 3.61% | 3.95% |
Drawdowns
VSBIX vs. PRXCX - Drawdown Comparison
The maximum VSBIX drawdown since its inception was -5.74%, smaller than the maximum PRXCX drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for VSBIX and PRXCX. For additional features, visit the drawdowns tool.
Volatility
VSBIX vs. PRXCX - Volatility Comparison
Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and T. Rowe Price California Tax Free Bond Fund (PRXCX) have volatilities of 0.44% and 0.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.