VTEC vs RVT

Comparison between VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF) and Royce Value Trust Inc (RVT, ETF).

VTEC vs RVT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VTEC(ETF)	RVT(ETF)
Net Assets	$2.20B	$2.20B
Expense Ratio	0.06%	N/A
Max Drawdown	5.70%	79.08%
Sharpe Ratio	0.86	1.90
5Y Beta	0.04	1.00
5Y Dividends CAGR	N/A	11.02%

Net Assets

VTEC

$2.20B

RVT

$2.20B

Expense Ratio

VTEC

0.06%

RVT

N/A

Max Drawdown

Winner

VTEC

5.70%

RVT

79.08%

Sharpe Ratio

VTEC

0.86

Winner

RVT

1.90

5Y Beta

Winner

VTEC

0.04

RVT

1.00

5Y Dividends CAGR

VTEC

N/A

RVT

11.02%

VTEC vs RVT - Historical Returns

Returns include dividend reinvestment.

Period	VTEC	RVT
1 month	+0.29%	+6.93%
3 months	-0.55%	+4.94%
6 months	+1.13%	+24.47%
1 year	+6.28%	+42.15%
5 years(CAGR)	N/A	+8.63%
10 years(CAGR)	N/A	+13.72%
Max(CAGR)	+2.60%	+10.27%

VTEC

+0.29%

Winner

RVT

+6.93%

VTEC

-0.55%

Winner

RVT

+4.94%

VTEC

+1.13%

Winner

RVT

+24.47%

VTEC

+6.28%

Winner

RVT

+42.15%

5Y(CAGR)

VTEC

N/A

RVT

+8.63%

10Y(CAGR)

VTEC

N/A

RVT

+13.72%

Max(CAGR)

VTEC

+2.60%

Winner

RVT

+10.27%

VTEC vs RVT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VTEC	RVT
2026	+0.48%	+17.96%
2025	+3.86%	+11.92%
2024	+1.42%	+18.41%
2023	N/A	+18.08%
2022	N/A	-26.09%
2021	N/A	+34.95%
2020	N/A	+18.13%
2019	N/A	+33.02%
2018	N/A	-20.88%
2017	N/A	+30.93%
2016	N/A	+23.90%
2015	N/A	-9.38%
2014	N/A	+3.09%
2013	N/A	+22.06%
2012	N/A	+14.47%
2011	N/A	-11.90%
2010	N/A	+32.59%
2009	N/A	+29.44%
2008	N/A	-47.25%
2007	N/A	-7.18%
2006	N/A	+17.77%
2005	N/A	+8.78%
2004	N/A	+31.02%
2003	N/A	+35.56%
2002	N/A	-6.88%
2001	N/A	+20.00%
2000	N/A	+19.43%
1999	N/A	+11.14%

VTEC vs RVT Drawdown Comparison

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

The maximum drawdown for RVT was -72.45%, occurring on Mar 9, 2009. Recovery took 1568 trading sessions.

The current VTEC drawdown is -1.28%. The current RVT drawdown is -0.11%.

Rank	VTEC	RVT
#1	-4.50% Dec 2, 2024 - Sep 8, 2025	-72.45% Feb 26, 2007 - May 17, 2013
#2	-2.85% Feb 27, 2026 - Mar 27, 2026	-47.07% Feb 20, 2020 - Nov 11, 2020
#3	-2.43% Feb 1, 2024 - Aug 1, 2024	-35.17% Apr 19, 2002 - Sep 18, 2003
#4	-2.13% Oct 1, 2024 - Dec 2, 2024	-32.83% Dec 31, 2021 - Jul 31, 2024
#5	-0.79% Aug 6, 2024 - Sep 5, 2024	-31.74% Sep 20, 2018 - Jan 16, 2020
#6	-0.47% Sep 17, 2025 - Oct 10, 2025	-27.77% Jul 3, 2014 - Nov 14, 2016
#7	-0.44% Nov 26, 2025 - Dec 24, 2025	-23.46% Jan 23, 2025 - Aug 26, 2025
#8	-0.42% Nov 11, 2025 - Nov 26, 2025	-21.99% Jun 7, 2001 - Dec 6, 2001
#9	-0.34% Oct 29, 2025 - Nov 11, 2025	-15.36% Feb 18, 2004 - Sep 7, 2004
#10	-0.31% Jan 14, 2026 - Jan 30, 2026	-14.97% Feb 15, 2001 - May 18, 2001
#11	-0.16% Sep 27, 2024 - Oct 1, 2024	-14.23% May 5, 2006 - Oct 30, 2006
#12	-0.12% Sep 10, 2024 - Sep 13, 2024	-12.58% Dec 23, 2004 - Jul 11, 2005
#13	-0.11% Sep 17, 2024 - Sep 26, 2024	-12.18% Feb 26, 2026 - Apr 24, 2026
#14	-0.10% Sep 8, 2025 - Sep 10, 2025	-10.53% Sep 1, 2000 - Dec 28, 2000
#15	-0.09% Sep 11, 2025 - Sep 15, 2025	-10.37% Jul 31, 2024 - Oct 14, 2024

Correlation

Correlation between VTEC and RVT is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (1999 - 2026)

VTEC vs RVT dividend yield comparison.

Year	VTEC	RVT
2026	1.03%	1.61%
2025	3.13%	8.82%
2024	2.54%	8.04%
2023	0.00%	7.35%
2022	0.00%	9.95%
2021	0.00%	8.52%
2020	0.00%	6.44%
2019	0.00%	7.45%
2018	0.00%	10.68%
2017	0.00%	7.17%
2016	0.00%	7.62%
2015	0.00%	10.54%
2014	0.00%	12.70%
2013	0.00%	5.37%
2012	0.00%	5.96%
2011	0.00%	6.36%
2010	0.00%	0.21%
2009	0.00%	2.97%
2008	0.00%	20.50%
2007	0.00%	9.96%
2006	0.00%	6.30%
2005	0.00%	8.02%
2004	0.00%	7.58%
2003	0.00%	7.52%
2002	0.00%	11.40%
2001	0.00%	9.48%
2000	0.00%	10.25%
1999	0.00%	2.53%