MHD vs VTEC

Comparison between BlackRock MuniHoldings Fund Inc (MHD, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).

MHD vs VTEC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MHD(ETF)	VTEC(ETF)
Net Assets	$2.20B	$2.20B
Expense Ratio	N/A	0.06%
Max Drawdown	52.64%	5.70%
Sharpe Ratio	0.73	0.86
5Y Beta	0.20	0.04
5Y Dividends CAGR	1.25%	N/A

Net Assets

MHD

$2.20B

VTEC

$2.20B

Expense Ratio

MHD

N/A

VTEC

0.06%

Max Drawdown

MHD

52.64%

Winner

VTEC

5.70%

Sharpe Ratio

MHD

0.73

Winner

VTEC

0.86

5Y Beta

MHD

0.20

Winner

VTEC

0.04

5Y Dividends CAGR

MHD

1.25%

VTEC

N/A

MHD vs VTEC - Historical Returns

Returns include dividend reinvestment.

Period	MHD	VTEC
1 month	+1.71%	+0.29%
3 months	+0.68%	-0.55%
6 months	+3.51%	+1.13%
1 year	+10.46%	+6.28%
5 years(CAGR)	-1.67%	N/A
10 years(CAGR)	+0.86%	N/A
Max(CAGR)	+5.79%	+2.60%

Winner

MHD

+1.71%

VTEC

+0.29%

Winner

MHD

+0.68%

VTEC

-0.55%

Winner

MHD

+3.51%

VTEC

+1.13%

Winner

MHD

+10.46%

VTEC

+6.28%

5Y(CAGR)

MHD

-1.67%

VTEC

N/A

10Y(CAGR)

MHD

+0.86%

VTEC

N/A

Max(CAGR)

Winner

MHD

+5.79%

VTEC

+2.60%

MHD vs VTEC - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MHD	VTEC
2026	+3.17%	+0.48%
2025	+5.29%	+3.86%
2024	+3.21%	+1.42%
2023	+3.58%	N/A
2022	-23.27%	N/A
2021	+8.34%	N/A
2020	-0.26%	N/A
2019	+18.83%	N/A
2018	-5.10%	N/A
2017	+7.94%	N/A
2016	-0.22%	N/A
2015	+6.02%	N/A
2014	+26.00%	N/A
2013	-18.16%	N/A
2012	+19.47%	N/A
2011	+18.49%	N/A
2010	+11.41%	N/A
2009	+51.01%	N/A
2008	-26.35%	N/A
2007	-9.29%	N/A
2006	+8.54%	N/A
2005	+10.98%	N/A
2004	+11.87%	N/A
2003	+20.01%	N/A
2002	+6.02%	N/A
2001	+23.87%	N/A
2000	-7.41%	N/A
1999	-0.92%	N/A

MHD vs VTEC Drawdown Comparison

The maximum drawdown for MHD was -45.88%, occurring on Dec 16, 2008. Recovery took 394 trading sessions.

The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.

The current MHD drawdown is -13.18%. The current VTEC drawdown is -1.28%.

Rank	MHD	VTEC
#1	-45.88% Feb 12, 2008 - Sep 3, 2009	-4.50% Dec 2, 2024 - Sep 8, 2025
#2	-36.66% Dec 20, 2021 - Oct 25, 2023	-2.85% Feb 27, 2026 - Mar 27, 2026
#3	-31.31% Feb 24, 2020 - May 24, 2021	-2.43% Feb 1, 2024 - Aug 1, 2024
#4	-24.35% Feb 11, 2013 - Jan 6, 2015	-2.13% Oct 1, 2024 - Dec 2, 2024
#5	-18.10% Aug 3, 2017 - May 16, 2019	-0.79% Aug 6, 2024 - Sep 5, 2024
#6	-17.00% Jul 7, 2000 - Apr 12, 2001	-0.47% Sep 17, 2025 - Oct 10, 2025
#7	-15.77% Jul 1, 2016 - Jul 21, 2017	-0.44% Nov 26, 2025 - Dec 24, 2025
#8	-15.08% Sep 10, 2010 - Sep 6, 2011	-0.42% Nov 11, 2025 - Nov 26, 2025
#9	-14.85% Mar 17, 2004 - Aug 31, 2004	-0.34% Oct 29, 2025 - Nov 11, 2025
#10	-13.53% May 11, 2007 - Feb 8, 2008	-0.31% Jan 14, 2026 - Jan 30, 2026
#11	-10.05% Oct 8, 2001 - Aug 5, 2002	-0.16% Sep 27, 2024 - Oct 1, 2024
#12	-10.05% Feb 3, 2015 - Oct 28, 2015	-0.12% Sep 10, 2024 - Sep 13, 2024
#13	-9.89% Nov 2, 1999 - Jun 30, 2000	-0.11% Sep 17, 2024 - Sep 26, 2024
#14	-9.42% Jul 1, 2019 - Nov 29, 2019	-0.10% Sep 8, 2025 - Sep 10, 2025
#15	-8.96% Nov 29, 2012 - Jan 11, 2013	-0.09% Sep 11, 2025 - Sep 15, 2025

Correlation

Correlation between MHD and VTEC is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (2000 - 2026)

MHD vs VTEC dividend yield comparison.

Year	MHD	VTEC
2026	2.01%	1.03%
2025	6.08%	3.13%
2024	5.58%	2.54%
2023	3.82%	0.00%
2022	5.63%	0.00%
2021	4.34%	0.00%
2020	4.49%	0.00%
2019	4.62%	0.00%
2018	6.11%	0.00%
2017	5.86%	0.00%
2016	6.16%	0.00%
2015	6.25%	0.00%
2014	6.20%	0.00%
2013	7.66%	0.00%
2012	7.14%	0.00%
2011	6.57%	0.00%
2010	7.69%	0.00%
2009	6.65%	0.00%
2008	8.83%	0.00%
2007	6.57%	0.00%
2006	5.62%	0.00%
2005	6.86%	0.00%
2004	7.22%	0.00%
2003	7.01%	0.00%
2002	6.90%	0.00%
2001	6.24%	0.00%
2000	2.80%	0.00%