EFAX vs VCV

Comparison between STATE STREET(R) SPDR(R) MSCI EAFE FOSSIL FUEL RESERVES FREE ETF (EFAX, ETF) and Invesco California Value Municipal Income Trust (VCV, ETF).

5-Year PerformanceEFAX has outperformed VCV, delivering a return of +7.9% compared to +0.1%

EFAX vs VCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EFAX(ETF)	VCV(ETF)
Net Assets	$503M	$503M
Expense Ratio	0.20%	N/A
Max Drawdown	36.22%	63.94%
Sharpe Ratio	0.79	0.90
5Y Beta	0.77	0.11
5Y Dividends CAGR	15.30%	6.50%

Net Assets

EFAX

$503M

Winner

VCV

$503M

Expense Ratio

EFAX

0.20%

VCV

N/A

Max Drawdown

Winner

EFAX

36.22%

VCV

63.94%

Sharpe Ratio

EFAX

0.79

Winner

VCV

0.90

5Y Beta

EFAX

0.77

Winner

VCV

0.11

5Y Dividends CAGR

Winner

EFAX

15.30%

VCV

6.50%

EFAX vs VCV - Historical Returns

Returns include dividend reinvestment.

Period	EFAX	VCV
1 month	-0.11%	-0.35%
3 months	+3.40%	+1.53%
6 months	+3.19%	-0.49%
1 year	+13.84%	+13.88%
5 years(CAGR)	+7.87%	+0.08%
10 years(CAGR)	+8.92%	+2.25%
Max(CAGR)	+8.92%	+5.14%

Winner

EFAX

-0.11%

VCV

-0.35%

Winner

EFAX

+3.40%

VCV

+1.53%

Winner

EFAX

+3.19%

VCV

-0.49%

EFAX

+13.84%

Winner

VCV

+13.88%

5Y(CAGR)

Winner

EFAX

+7.87%

VCV

+0.08%

10Y(CAGR)

Winner

EFAX

+8.92%

VCV

+2.25%

Max(CAGR)

Winner

EFAX

+8.92%

VCV

+5.14%

EFAX vs VCV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EFAX	VCV
2026	+6.10%	-1.18%
2025	+31.59%	+7.58%
2024	+5.91%	+18.51%
2023	+17.25%	+6.44%
2022	-17.03%	-28.13%
2021	+10.20%	+10.23%
2020	+8.53%	+7.95%
2019	+24.13%	+16.48%
2018	-15.02%	-5.26%
2017	+23.82%	+8.65%
2016	+0.56%	-3.54%
2015	N/A	+8.92%
2014	N/A	+20.40%
2013	N/A	-12.87%
2012	N/A	+12.78%
2011	N/A	+23.63%
2010	N/A	+1.94%
2009	N/A	+55.43%
2008	N/A	-45.40%
2007	N/A	+1.50%
2006	N/A	+11.44%
2005	N/A	+7.67%
2004	N/A	-6.37%
2003	N/A	+14.77%
2002	N/A	+10.83%
2001	N/A	+8.40%
2000	N/A	+10.38%
1999	N/A	-0.87%

EFAX vs VCV Drawdown Comparison

The maximum drawdown for EFAX was -32.53%, occurring on Mar 18, 2020. Recovery took 205 trading sessions.

The maximum drawdown for VCV was -58.93%, occurring on Dec 15, 2008. Recovery took 829 trading sessions.

The current EFAX drawdown is -3.18%. The current VCV drawdown is -3.60%.

Rank	EFAX	VCV
#1	-32.53% Jan 17, 2020 - Nov 9, 2020	-58.93% May 11, 2007 - Aug 25, 2010
#2	-31.65% Sep 7, 2021 - Mar 6, 2024	-38.54% Nov 12, 2021 - Feb 27, 2026
#3	-22.34% Jan 24, 2018 - Jan 17, 2020	-31.73% Feb 21, 2020 - Dec 18, 2020
#4	-13.52% Mar 19, 2025 - Apr 28, 2025	-21.75% Aug 17, 2012 - Dec 2, 2014
#5	-12.38% Feb 25, 2026 - Jun 15, 2026	-18.38% Sep 8, 2010 - Oct 31, 2011
#6	-9.89% Sep 26, 2024 - Mar 5, 2025	-18.02% Jul 8, 2016 - Jun 20, 2019
#7	-7.72% Jul 12, 2024 - Aug 19, 2024	-17.84% Mar 17, 2004 - Jul 29, 2005
#8	-5.59% Mar 27, 2024 - May 14, 2024	-10.15% Mar 2, 2012 - May 4, 2012
#9	-5.54% Nov 12, 2025 - Dec 11, 2025	-8.93% Nov 8, 1999 - Apr 6, 2000
#10	-5.15% Jun 15, 2021 - Aug 13, 2021	-8.45% Sep 3, 2019 - Feb 6, 2020
#11	-4.67% Jul 23, 2025 - Aug 13, 2025	-8.29% Feb 27, 2026 - Apr 6, 2026
#12	-4.35% Feb 16, 2021 - Apr 5, 2021	-8.25% Feb 2, 2015 - Oct 30, 2015
#13	-4.26% Jan 8, 2021 - Feb 9, 2021	-8.00% Apr 11, 2000 - Jun 20, 2000
#14	-4.08% Sep 15, 2017 - Jan 3, 2018	-7.94% Sep 15, 2021 - Nov 8, 2021
#15	-3.83% Aug 30, 2024 - Sep 19, 2024	-7.93% Feb 15, 2001 - Jul 24, 2001

Correlation

Correlation between EFAX and VCV is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2000 - 2026)

EFAX vs VCV dividend yield comparison.

Year	EFAX	VCV
2026	1.51%	4.27%
2025	3.31%	6.96%
2024	2.74%	5.76%
2023	2.71%	4.16%
2022	2.81%	5.46%
2021	2.58%	4.09%
2020	1.69%	4.07%
2019	2.71%	4.43%
2018	3.05%	5.46%
2017	2.89%	5.10%
2016	0.26%	5.86%
2015	0.00%	5.98%
2014	0.00%	6.16%
2013	0.00%	6.95%
2012	0.00%	6.42%
2011	0.00%	7.09%
2010	0.00%	8.09%
2009	0.00%	7.46%
2008	0.00%	11.06%
2007	0.00%	5.32%
2006	0.00%	5.55%
2005	0.00%	7.45%
2004	0.00%	7.40%
2003	0.00%	8.70%
2002	0.00%	6.74%
2001	0.00%	5.92%
2000	0.00%	2.37%