See what your fund actually adds
Vanguard California Tax-Exempt Bond ETF VTEC
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | VTEC | Replication |
|---|---|---|
| Annualized growth | 0.4% | 0.5% |
| Annualized volatility | 4.2% | 4.2% |
| Sharpe ratio | 0.13 | 0.14 |
| Maximum drawdown | 5.5% | 5.4% |
| Replication fit (R²) | 0.99 · Tracking error 0.4% | |
Replication portfolio
The published portfolio below is the investable basket used to model VTEC’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 100.0% |