ITM vs VTEC
Comparison between VANECK INTERMEDIATE MUNI ETF (ITM, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).
ITM vs VTEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ITM
$2.20B
VTEC
$2.20B
Expense Ratio
ITM
0.18%
Winner
VTEC
0.06%
Max Drawdown
ITM
24.75%
Winner
VTEC
5.70%
Sharpe Ratio
Winner
ITM
0.90
VTEC
0.86
5Y Beta
Winner
ITM
0.02
VTEC
0.04
5Y Dividends CAGR
ITM
7.01%
VTEC
N/A
ITM vs VTEC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ITM
+0.42%
VTEC
+0.29%
3M
ITM
-0.85%
Winner
VTEC
-0.55%
6M
ITM
+1.01%
Winner
VTEC
+1.13%
1Y
Winner
ITM
+6.54%
VTEC
+6.28%
5Y(CAGR)
ITM
+0.44%
VTEC
N/A
10Y(CAGR)
ITM
+1.89%
VTEC
N/A
Max(CAGR)
Winner
ITM
+3.32%
VTEC
+2.60%
ITM vs VTEC - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | ITM | VTEC |
|---|---|---|
| 2026 | +0.15% | +0.48% |
| 2025 | +4.97% | +3.86% |
| 2024 | +0.74% | +1.42% |
| 2023 | +5.53% | N/A |
| 2022 | -9.24% | N/A |
| 2021 | +0.24% | N/A |
| 2020 | +5.85% | N/A |
| 2019 | +8.25% | N/A |
| 2018 | +1.05% | N/A |
| 2017 | +6.27% | N/A |
| 2016 | -1.15% | N/A |
| 2015 | +3.64% | N/A |
| 2014 | +9.98% | N/A |
| 2013 | -4.24% | N/A |
| 2012 | +6.19% | N/A |
| 2011 | +12.58% | N/A |
| 2010 | +2.01% | N/A |
| 2009 | +10.40% | N/A |
| 2008 | -1.16% | N/A |
| 2007 | +0.84% | N/A |
ITM vs VTEC Drawdown Comparison
The maximum drawdown for ITM was -24.75%, occurring on Mar 19, 2020. Recovery took 100 trading sessions.
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The current ITM drawdown is -1.73%. The current VTEC drawdown is -1.28%.
| Rank | ITM | VTEC |
|---|---|---|
| #1 | -24.75% Mar 9, 2020 - Jul 30, 2020 | -4.50% Dec 2, 2024 - Sep 8, 2025 |
| #2 | -16.58% Sep 25, 2008 - May 19, 2009 | -2.85% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -15.11% Jul 20, 2021 - Nov 11, 2025 | -2.43% Feb 1, 2024 - Aug 1, 2024 |
| #4 | -10.99% Nov 30, 2012 - May 16, 2014 | -2.13% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -8.90% Aug 26, 2010 - Aug 3, 2011 | -0.79% Aug 6, 2024 - Sep 5, 2024 |
| #6 | -7.61% Jul 6, 2016 - Sep 5, 2017 | -0.47% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -4.05% Jan 30, 2015 - Nov 27, 2015 | -0.44% Nov 26, 2025 - Dec 24, 2025 |
| #8 | -4.03% Sep 11, 2008 - Sep 25, 2008 | -0.42% Nov 11, 2025 - Nov 26, 2025 |
| #9 | -3.91% May 21, 2009 - Aug 18, 2009 | -0.34% Oct 29, 2025 - Nov 11, 2025 |
| #10 | -3.59% Jan 23, 2008 - Sep 11, 2008 | -0.31% Jan 14, 2026 - Jan 30, 2026 |
| #11 | -3.43% Feb 27, 2026 - Mar 26, 2026 | -0.16% Sep 27, 2024 - Oct 1, 2024 |
| #12 | -3.43% Oct 2, 2009 - Mar 2, 2010 | -0.12% Sep 10, 2024 - Sep 13, 2024 |
| #13 | -3.39% Dec 6, 2017 - Dec 19, 2018 | -0.11% Sep 17, 2024 - Sep 26, 2024 |
| #14 | -3.20% Feb 1, 2012 - May 4, 2012 | -0.10% Sep 8, 2025 - Sep 10, 2025 |
| #15 | -2.97% Sep 23, 2011 - Dec 6, 2011 | -0.09% Sep 11, 2025 - Sep 15, 2025 |
Correlation
Correlation between ITM and VTEC is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2007 - 2026)
ITM vs VTEC dividend yield comparison.
| Year | ITM | VTEC |
|---|---|---|
| 2026 | 1.00% | 1.03% |
| 2025 | 2.86% | 3.13% |
| 2024 | 2.73% | 2.54% |
| 2023 | 2.40% | 0.00% |
| 2022 | 1.92% | 0.00% |
| 2021 | 1.70% | 0.00% |
| 2020 | 2.13% | 0.00% |
| 2019 | 2.44% | 0.00% |
| 2018 | 2.33% | 0.00% |
| 2017 | 2.21% | 0.00% |
| 2016 | 2.29% | 0.00% |
| 2015 | 2.28% | 0.00% |
| 2014 | 2.42% | 0.00% |
| 2013 | 2.63% | 0.00% |
| 2012 | 2.63% | 0.00% |
| 2011 | 3.22% | 0.00% |
| 2010 | 3.64% | 0.00% |
| 2009 | 3.59% | 0.00% |
| 2008 | 3.75% | 0.00% |
| 2007 | 0.22% | 0.00% |
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