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Vanguard CA Long-Term Tax-Exempt Adm (VCLAX)On Dec 4: 11.03   0.00 (0.00%)  
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Risk  As of 31-Oct-09Get Risk for:
RISK OVERVIEW 
Morningstar Risk Rating:Average
Number of Years Up:4
Number of Years Down:1
Best 1 Yr Total Return (2006):5.32%
Worst 1 Yr Total Return (2008):-6.81%
RISK (MODERN PORTFOLIO THEORY) STATISTICS 
3 Years
StatisticVCLAXCategory
Alpha (against Standard Index)-1.94-2.83
Beta (against Standard Index)1.131.27
Mean Annual Return2.360.16
R-squared (against Standard Index)9486.16
Standard Deviation7.068.45
Sharpe Ratio0.03N/A
Treynor Ratio-0.05N/A
5 Years
StatisticVCLAXCategory
Alpha (against Standard Index)-1.08-1.51
Beta (against Standard Index)1.141.22
Mean Annual Return3.160.25
R-squared (against Standard Index)9486.64
Standard Deviation5.806.60
Sharpe Ratio0.05N/A
Treynor Ratio0.12N/A
10 Years
StatisticVCLAXCategory
Alpha (against Standard Index)-0.78-1.44
Beta (against Standard Index)1.181.19
Mean Annual Return5.290.39
R-squared (against Standard Index)9587.45
Standard Deviation5.676.01
Sharpe Ratio0.42N/A
Treynor Ratio1.97N/A

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