VCV vs VSDB

Comparison between Invesco California Value Municipal Income Trust (VCV, ETF) and VANGUARD SHORT DURATION BOND ETF ETF SHARES (VSDB, ETF).

VCV vs VSDB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCV(ETF)	VSDB(ETF)
Net Assets	$495M	$494M
Expense Ratio	N/A	0.15%
Max Drawdown	63.94%	1.67%
Sharpe Ratio	0.75	0.62
5Y Beta	0.12	0.02
5Y Dividends CAGR	6.81%	N/A

Net Assets

Winner

VCV

$495M

VSDB

$494M

Expense Ratio

VCV

N/A

VSDB

0.15%

Max Drawdown

VCV

63.94%

Winner

VSDB

1.67%

Sharpe Ratio

Winner

VCV

0.75

VSDB

0.62

5Y Beta

VCV

0.12

Winner

VSDB

0.02

5Y Dividends CAGR

VCV

6.81%

VSDB

N/A

VCV vs VSDB - Historical Returns

Returns include dividend reinvestment.

Period	VCV	VSDB
1 month	+1.46%	+0.00%
3 months	-1.77%	+0.13%
6 months	+2.84%	+1.24%
1 year	+11.72%	+4.96%
5 years(CAGR)	+0.58%	N/A
10 years(CAGR)	+2.46%	N/A
Max(CAGR)	+5.14%	+4.79%

Winner

VCV

+1.46%

VSDB

+0.00%

VCV

-1.77%

Winner

VSDB

+0.13%

Winner

VCV

+2.84%

VSDB

+1.24%

Winner

VCV

+11.72%

VSDB

+4.96%

5Y(CAGR)

VCV

+0.58%

VSDB

N/A

10Y(CAGR)

VCV

+2.46%

VSDB

N/A

Max(CAGR)

Winner

VCV

+5.14%

VSDB

+4.79%

VCV vs VSDB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VCV	VSDB
2026	-1.62%	+0.72%
2025	+7.58%	+4.85%
2024	+18.51%	N/A
2023	+6.44%	N/A
2022	-28.13%	N/A
2021	+10.23%	N/A
2020	+7.95%	N/A
2019	+16.48%	N/A
2018	-5.26%	N/A
2017	+8.65%	N/A
2016	-3.54%	N/A
2015	+8.92%	N/A
2014	+20.40%	N/A
2013	-12.87%	N/A
2012	+12.78%	N/A
2011	+23.63%	N/A
2010	+1.94%	N/A
2009	+55.43%	N/A
2008	-45.40%	N/A
2007	+1.50%	N/A
2006	+11.44%	N/A
2005	+7.67%	N/A
2004	-6.37%	N/A
2003	+14.77%	N/A
2002	+10.83%	N/A
2001	+8.40%	N/A
2000	+10.38%	N/A
1999	-0.87%	N/A

VCV vs VSDB Drawdown Comparison

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

The maximum drawdown for VSDB was -1.42%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The current VCV drawdown is -4.03%. The current VSDB drawdown is -0.35%.

Rank	VCV	VSDB
#1	-58.93% May 11, 2007 - Aug 25, 2010	-1.42% Feb 27, 2026 - Mar 27, 2026
#2	-38.54% Nov 12, 2021 - Feb 27, 2026	-1.20% Apr 3, 2025 - Apr 28, 2025
#3	-31.73% Feb 21, 2020 - Dec 18, 2020	-0.34% Oct 24, 2025 - Nov 11, 2025
#4	-21.75% Aug 17, 2012 - Dec 2, 2014	-0.33% Jun 4, 2025 - Jun 12, 2025
#5	-18.38% Sep 8, 2010 - Oct 31, 2011	-0.32% Apr 30, 2025 - May 19, 2025
#6	-18.02% Jul 8, 2016 - Jun 20, 2019	-0.30% May 19, 2025 - May 27, 2025
#7	-17.84% Mar 17, 2004 - Jul 29, 2005	-0.29% Sep 16, 2025 - Oct 2, 2025
#8	-10.15% Mar 2, 2012 - May 4, 2012	-0.25% Jun 30, 2025 - Jul 18, 2025
#9	-8.93% Nov 8, 1999 - Apr 6, 2000	-0.25% Dec 3, 2025 - Dec 15, 2025
#10	-8.45% Sep 3, 2019 - Feb 6, 2020	-0.25% Nov 11, 2025 - Nov 21, 2025
#11	-8.29% Feb 27, 2026 - Apr 6, 2026	-0.18% Aug 13, 2025 - Aug 22, 2025
#12	-8.25% Feb 2, 2015 - Oct 30, 2015	-0.16% Jun 12, 2025 - Jun 18, 2025
#13	-8.00% Apr 11, 2000 - Jun 20, 2000	-0.16% Jan 7, 2026 - Jan 21, 2026
#14	-7.94% Sep 15, 2021 - Nov 8, 2021	-0.14% Jul 22, 2025 - Jul 29, 2025
#15	-7.93% Feb 15, 2001 - Jul 24, 2001	-0.13% May 27, 2025 - May 29, 2025

Correlation

Correlation between VCV and VSDB is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2000 - 2026)

VCV vs VSDB dividend yield comparison.

Year	VCV	VSDB
2026	3.03%	1.46%
2025	6.96%	3.30%
2024	5.76%	0.00%
2023	4.16%	0.00%
2022	5.46%	0.00%
2021	4.09%	0.00%
2020	4.07%	0.00%
2019	4.43%	0.00%
2018	5.46%	0.00%
2017	5.10%	0.00%
2016	5.86%	0.00%
2015	5.98%	0.00%
2014	6.16%	0.00%
2013	6.95%	0.00%
2012	6.42%	0.00%
2011	7.09%	0.00%
2010	8.09%	0.00%
2009	7.46%	0.00%
2008	11.06%	0.00%
2007	5.32%	0.00%
2006	5.55%	0.00%
2005	7.45%	0.00%
2004	7.40%	0.00%
2003	8.70%	0.00%
2002	6.74%	0.00%
2001	5.92%	0.00%
2000	2.37%	0.00%