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VWITX vs. VCITX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VWITX and VCITX is 0.00, 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.


-0.50.00.51.0
Correlation: 0.0

Performance

VWITX vs. VCITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX). The values are adjusted to include any dividend payments, if applicable.

480.00%500.00%520.00%540.00%560.00%580.00%600.00%620.00%NovemberDecember2025FebruaryMarchApril
495.80%
586.10%
VWITX
VCITX

Key characteristics

Sharpe Ratio

VWITX:

0.34

VCITX:

0.14

Sortino Ratio

VWITX:

0.46

VCITX:

0.23

Omega Ratio

VWITX:

1.08

VCITX:

1.04

Calmar Ratio

VWITX:

0.34

VCITX:

0.13

Martin Ratio

VWITX:

1.25

VCITX:

0.50

Ulcer Index

VWITX:

1.15%

VCITX:

1.71%

Daily Std Dev

VWITX:

4.30%

VCITX:

5.91%

Max Drawdown

VWITX:

-11.56%

VCITX:

-19.43%

Current Drawdown

VWITX:

-2.66%

VCITX:

-4.54%

Returns By Period

In the year-to-date period, VWITX achieves a -1.21% return, which is significantly higher than VCITX's -2.50% return. Over the past 10 years, VWITX has underperformed VCITX with an annualized return of 2.01%, while VCITX has yielded a comparatively higher 2.18% annualized return.


VWITX

YTD

-1.21%

1M

-0.78%

6M

-0.74%

1Y

1.82%

5Y*

1.25%

10Y*

2.01%

VCITX

YTD

-2.50%

1M

-1.31%

6M

-2.03%

1Y

1.30%

5Y*

0.75%

10Y*

2.18%

*Annualized

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VWITX vs. VCITX - Expense Ratio Comparison

Both VWITX and VCITX have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Expense ratio chart for VWITX: current value is 0.17%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VWITX: 0.17%
Expense ratio chart for VCITX: current value is 0.17%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VCITX: 0.17%

Risk-Adjusted Performance

VWITX vs. VCITX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWITX
The Risk-Adjusted Performance Rank of VWITX is 4343
Overall Rank
The Sharpe Ratio Rank of VWITX is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of VWITX is 3737
Sortino Ratio Rank
The Omega Ratio Rank of VWITX is 4141
Omega Ratio Rank
The Calmar Ratio Rank of VWITX is 4949
Calmar Ratio Rank
The Martin Ratio Rank of VWITX is 4444
Martin Ratio Rank

VCITX
The Risk-Adjusted Performance Rank of VCITX is 3030
Overall Rank
The Sharpe Ratio Rank of VCITX is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of VCITX is 2727
Sortino Ratio Rank
The Omega Ratio Rank of VCITX is 2828
Omega Ratio Rank
The Calmar Ratio Rank of VCITX is 3232
Calmar Ratio Rank
The Martin Ratio Rank of VCITX is 3131
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.

VWITX vs. VCITX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX). 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.


The chart of Sharpe ratio for VWITX, currently valued at 0.34, compared to the broader market-1.000.001.002.003.00
VWITX: 0.34
VCITX: 0.14
The chart of Sortino ratio for VWITX, currently valued at 0.46, compared to the broader market-2.000.002.004.006.008.00
VWITX: 0.46
VCITX: 0.23
The chart of Omega ratio for VWITX, currently valued at 1.08, compared to the broader market0.501.001.502.002.503.00
VWITX: 1.08
VCITX: 1.04
The chart of Calmar ratio for VWITX, currently valued at 0.34, compared to the broader market0.002.004.006.008.0010.00
VWITX: 0.34
VCITX: 0.13
The chart of Martin ratio for VWITX, currently valued at 1.25, compared to the broader market0.0010.0020.0030.0040.0050.00
VWITX: 1.25
VCITX: 0.50

The current VWITX Sharpe Ratio is 0.34, which is higher than the VCITX Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of VWITX and VCITX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.34
0.14
VWITX
VCITX

Dividends

VWITX vs. VCITX - Dividend Comparison

VWITX's dividend yield for the trailing twelve months is around 3.14%, less than VCITX's 3.46% yield.


TTM20242023202220212020201920182017201620152014
VWITX
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares
3.14%3.01%2.71%2.43%2.08%2.32%2.61%2.81%2.73%2.81%2.89%3.05%
VCITX
Vanguard California Long-Term Tax-Exempt Fund Investor Shares
3.46%3.30%2.99%2.66%2.34%2.56%2.93%3.32%3.22%3.45%3.53%3.64%

Drawdowns

VWITX vs. VCITX - Drawdown Comparison

The maximum VWITX drawdown since its inception was -11.56%, smaller than the maximum VCITX drawdown of -19.43%. Use the drawdown chart below to compare losses from any high point for VWITX and VCITX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.66%
-4.54%
VWITX
VCITX

Volatility

VWITX vs. VCITX - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) is 3.25%, while Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) has a volatility of 4.59%. This indicates that VWITX experiences smaller price fluctuations and is considered to be less risky than VCITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
3.25%
4.59%
VWITX
VCITX