VFQY vs VCV

Comparison between VANGUARD U.S. QUALITY FACTOR ETF ETF SHARES (VFQY, ETF) and Invesco California Value Municipal Income Trust (VCV, ETF).

5-Year PerformanceVFQY has outperformed VCV, delivering a return of +9.1% compared to -0.1%

VFQY vs VCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VFQY(ETF)	VCV(ETF)
Net Assets	$485M	$483M
Expense Ratio	0.13%	N/A
Max Drawdown	37.66%	63.94%
Sharpe Ratio	1.18	0.63
5Y Beta	0.90	0.12
P/E Ratio	29.21	N/A
Forward P/E	17.75	N/A
5Y Dividends CAGR	7.50%	8.06%
5Y EPS CAGR	19.00%	N/A
Debt to Equity	48.93%	N/A
P/S Ratio	1.82	N/A
P/B Ratio	4.04	N/A

Net Assets

Winner

VFQY

$485M

VCV

$483M

Expense Ratio

VFQY

0.13%

VCV

N/A

Max Drawdown

Winner

VFQY

37.66%

VCV

63.94%

Sharpe Ratio

Winner

VFQY

1.18

VCV

0.63

5Y Beta

VFQY

0.90

Winner

VCV

0.12

P/E Ratio

VFQY

29.21

VCV

N/A

Forward P/E

VFQY

17.75

VCV

N/A

5Y Dividends CAGR

VFQY

7.50%

Winner

VCV

8.06%

5Y EPS CAGR

VFQY

19.00%

VCV

N/A

Debt to Equity

VFQY

48.93%

VCV

N/A

P/S Ratio

VFQY

1.82

VCV

N/A

P/B Ratio

VFQY

4.04

VCV

N/A

VFQY vs VCV - Historical Returns

Returns include dividend reinvestment.

Period	VFQY	VCV
1 month	+3.60%	+0.71%
3 months	+9.31%	+1.05%
6 months	+13.58%	-3.74%
1 year	+19.50%	+10.45%
5 years(CAGR)	+9.10%	-0.07%
10 years(CAGR)	+11.87%	+2.42%
Max(CAGR)	+11.87%	+5.11%

Winner

VFQY

+3.60%

VCV

+0.71%

Winner

VFQY

+9.31%

VCV

+1.05%

Winner

VFQY

+13.58%

VCV

-3.74%

Winner

VFQY

+19.50%

VCV

+10.45%

5Y(CAGR)

Winner

VFQY

+9.10%

VCV

-0.07%

10Y(CAGR)

Winner

VFQY

+11.87%

VCV

+2.42%

Max(CAGR)

Winner

VFQY

+11.87%

VCV

+5.11%

VFQY vs VCV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VFQY	VCV
2026	+16.33%	-1.32%
2025	+10.45%	+7.58%
2024	+13.50%	+18.51%
2023	+23.09%	+6.44%
2022	-15.77%	-28.13%
2021	+29.41%	+10.23%
2020	+16.57%	+7.95%
2019	+24.76%	+16.48%
2018	-7.84%	-5.26%
2017	N/A	+8.65%
2016	N/A	-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%

VFQY vs VCV Drawdown Comparison

The maximum drawdown for VFQY was -37.41%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.

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

The current VFQY drawdown is -0.66%. The current VCV drawdown is -3.74%.

Rank	VFQY	VCV
#1	-37.41% Jan 16, 2020 - Sep 2, 2020	-58.93% May 11, 2007 - Aug 25, 2010
#2	-25.93% Nov 16, 2021 - Dec 14, 2023	-38.54% Nov 12, 2021 - Feb 27, 2026
#3	-23.84% Aug 29, 2018 - Dec 12, 2019	-31.73% Feb 21, 2020 - Dec 18, 2020
#4	-20.67% Dec 4, 2024 - Aug 13, 2025	-21.75% Aug 17, 2012 - Dec 2, 2014
#5	-9.35% Sep 2, 2020 - Oct 9, 2020	-18.38% Sep 8, 2010 - Oct 31, 2011
#6	-9.12% Feb 6, 2026 - May 5, 2026	-18.02% Jul 8, 2016 - Jun 20, 2019
#7	-7.85% Jul 16, 2024 - Aug 23, 2024	-17.84% Mar 17, 2004 - Jul 29, 2005
#8	-6.96% Oct 12, 2020 - Nov 5, 2020	-10.15% Mar 2, 2012 - May 4, 2012
#9	-6.84% Mar 12, 2018 - May 16, 2018	-8.93% Nov 8, 1999 - Apr 6, 2000
#10	-6.49% Mar 28, 2024 - Jul 11, 2024	-8.45% Sep 3, 2019 - Feb 6, 2020
#11	-5.80% Oct 27, 2025 - Dec 3, 2025	-8.29% Feb 27, 2026 - Apr 6, 2026
#12	-5.13% Sep 2, 2021 - Oct 21, 2021	-8.25% Feb 2, 2015 - Oct 30, 2015
#13	-4.79% Mar 15, 2021 - Apr 5, 2021	-8.00% Apr 11, 2000 - Jun 20, 2000
#14	-4.79% May 7, 2021 - Jun 7, 2021	-7.94% Sep 15, 2021 - Nov 8, 2021
#15	-4.77% Aug 23, 2024 - Sep 19, 2024	-7.93% Feb 15, 2001 - Jul 24, 2001

Correlation

Correlation between VFQY and VCV is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.62

-101

Dividend Comparison (2000 - 2026)

VFQY vs VCV dividend yield comparison.

Year	VFQY	VCV
2026	0.50%	4.92%
2025	1.17%	6.96%
2024	1.34%	5.76%
2023	1.38%	4.16%
2022	1.43%	5.46%
2021	0.98%	4.09%
2020	1.22%	4.07%
2019	1.34%	4.43%
2018	1.31%	5.46%
2017	0.00%	5.10%
2016	0.00%	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%