VTEC vs CWI
Comparison between VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF) and SPDR(R) MSCI ACWI EX-US ETF (CWI, ETF).
VTEC vs CWI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VTEC
$2.20B
Winner
CWI
$2.30B
Expense Ratio
Winner
VTEC
0.06%
CWI
0.30%
Max Drawdown
Winner
VTEC
5.70%
CWI
62.39%
Sharpe Ratio
VTEC
0.86
Winner
CWI
1.88
5Y Beta
Winner
VTEC
0.04
CWI
0.75
5Y Dividends CAGR
VTEC
N/A
CWI
16.94%
VTEC vs CWI - Historical Returns
Returns include dividend reinvestment.
1M
VTEC
+0.29%
Winner
CWI
+4.67%
3M
VTEC
-0.55%
Winner
CWI
+3.49%
6M
VTEC
+1.13%
Winner
CWI
+16.31%
1Y
VTEC
+6.28%
Winner
CWI
+35.69%
5Y(CAGR)
VTEC
N/A
CWI
+8.97%
10Y(CAGR)
VTEC
N/A
CWI
+10.09%
Max(CAGR)
VTEC
+2.60%
Winner
CWI
+5.44%
VTEC vs CWI - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | VTEC | CWI |
|---|---|---|
| 2026 | +0.48% | +10.60% |
| 2025 | +3.86% | +32.76% |
| 2024 | +1.42% | +7.58% |
| 2023 | N/A | +15.05% |
| 2022 | N/A | -15.80% |
| 2021 | N/A | +8.00% |
| 2020 | N/A | +8.58% |
| 2019 | N/A | +22.09% |
| 2018 | N/A | -14.65% |
| 2017 | N/A | +25.95% |
| 2016 | N/A | +6.67% |
| 2015 | N/A | -4.94% |
| 2014 | N/A | -1.28% |
| 2013 | N/A | +12.22% |
| 2012 | N/A | +13.69% |
| 2011 | N/A | -14.44% |
| 2010 | N/A | +8.51% |
| 2009 | N/A | +35.42% |
| 2008 | N/A | -41.96% |
| 2007 | N/A | +15.36% |
VTEC vs CWI Drawdown Comparison
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The maximum drawdown for CWI was -60.77%, occurring on Mar 9, 2009. Recovery took 1668 trading sessions.
The current VTEC drawdown is -1.28%. The current CWI drawdown is -0.42%.
| Rank | VTEC | CWI |
|---|---|---|
| #1 | -4.50% Dec 2, 2024 - Sep 8, 2025 | -60.77% Oct 31, 2007 - Jun 18, 2014 |
| #2 | -2.85% Feb 27, 2026 - Mar 27, 2026 | -34.64% Jan 26, 2018 - Nov 13, 2020 |
| #3 | -2.43% Feb 1, 2024 - Aug 1, 2024 | -29.42% Jun 14, 2021 - May 9, 2024 |
| #4 | -2.13% Oct 1, 2024 - Dec 2, 2024 | -25.24% Jul 3, 2014 - May 5, 2017 |
| #5 | -0.79% Aug 6, 2024 - Sep 5, 2024 | -13.85% Mar 19, 2025 - May 2, 2025 |
| #6 | -0.47% Sep 17, 2025 - Oct 10, 2025 | -12.72% Jul 13, 2007 - Oct 1, 2007 |
| #7 | -0.44% Nov 26, 2025 - Dec 24, 2025 | -11.47% Feb 25, 2026 - May 6, 2026 |
| #8 | -0.42% Nov 11, 2025 - Nov 26, 2025 | -9.50% Sep 26, 2024 - Mar 17, 2025 |
| #9 | -0.34% Oct 29, 2025 - Nov 11, 2025 | -8.03% Jul 12, 2024 - Aug 23, 2024 |
| #10 | -0.31% Jan 14, 2026 - Jan 30, 2026 | -7.91% Feb 26, 2007 - Apr 3, 2007 |
| #11 | -0.16% Sep 27, 2024 - Oct 1, 2024 | -4.96% Nov 12, 2025 - Dec 10, 2025 |
| #12 | -0.12% Sep 10, 2024 - Sep 13, 2024 | -4.92% Feb 16, 2021 - Apr 15, 2021 |
| #13 | -0.11% Sep 17, 2024 - Sep 26, 2024 | -4.58% Jan 21, 2021 - Feb 9, 2021 |
| #14 | -0.10% Sep 8, 2025 - Sep 10, 2025 | -4.21% Jul 23, 2025 - Aug 13, 2025 |
| #15 | -0.09% Sep 11, 2025 - Sep 15, 2025 | -3.82% Aug 23, 2024 - Sep 19, 2024 |
Correlation
Correlation between VTEC and CWI is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
0.87
-101
Dividend Comparison (2007 - 2026)
VTEC vs CWI dividend yield comparison.
| Year | VTEC | CWI |
|---|---|---|
| 2026 | 1.03% | 0.00% |
| 2025 | 3.13% | 2.97% |
| 2024 | 2.54% | 2.89% |
| 2023 | 0.00% | 2.80% |
| 2022 | 0.00% | 3.17% |
| 2021 | 0.00% | 2.65% |
| 2020 | 0.00% | 2.07% |
| 2019 | 0.00% | 3.05% |
| 2018 | 0.00% | 2.81% |
| 2017 | 0.00% | 2.29% |
| 2016 | 0.00% | 2.45% |
| 2015 | 0.00% | 2.62% |
| 2014 | 0.00% | 3.21% |
| 2013 | 0.00% | 2.69% |
| 2012 | 0.00% | 3.15% |
| 2011 | 0.00% | 2.98% |
| 2010 | 0.00% | 2.31% |
| 2009 | 0.00% | 2.20% |
| 2008 | 0.00% | 2.17% |
| 2007 | 0.00% | 2.01% |
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