DFCA vs VTEC
Dimensional California Municipal Bond ETF against Vanguard California Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
5%
156 shared positions
Fee gap
13 bp
VTEC is cheaper
1-year return gap
1.1 pts
DFCA is ahead
Larger fund
VTEC
$2.6B
Side by side
| DFCA | VTEC | |
|---|---|---|
| Fund | Dimensional California Municipal Bond ETF | Vanguard California Tax-Exempt Bond ETF |
| Issuer | Dimensional | Vanguard |
| Category | State Muni | State Muni |
| Expense ratio | 0.19% | 0.06% |
| Assets | $527M | $2.6B |
| Average daily dollar volume | $25M | $115M |
| Listed | Jun 26, 2023 | Jan 26, 2024 |
| FrenzyCap score | 75 | 96 |
| 1-month return | −0.1% | −0.4% |
| 3-month return | −2.2% | −3.0% |
| Year to date | −3.5% | −4.7% |
| 1-year return | −3.8% | −4.9% |
| 30-day volatility | 4.8% | 5.9% |
| Worst drawdown, 1 year | −6.6% | −8.1% |
| Trailing 12-month yield | 2.91% | 3.27% |
| Holdings | 414 | 3,993 |
| Top 10 weight | 12.6% | 3.1% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$37M thru Jul 2026 | +$513M thru May 2026 |
| 30-day implied volatility | — | 17.3% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
52% of DFCA · 6% of VTEC| Holding | DFCA | VTEC |
|---|---|---|
| CALIFORNIA 5% 08/01/28, due Aug 1, 2028 | 0.45% | 0.23% |
| CALIFORNI 4.% 03/01/36, due Mar 1, 2036 | 0.20% | 0.22% |
| CALIFORNI 5.% 04/01/42, due Apr 1, 2042 | 0.33% | 0.17% |
| UNIVERSITY 5.5% 05/15/40, due May 15, 2040 | 0.29% | 0.16% |
| LOS ANGEL 5.% 07/01/30, due Jul 1, 2030 | 1.23% | 0.16% |
| CALIFORNI 5.% 09/01/43, due Sep 1, 2043 | 0.23% | 0.14% |
| CALIFORNI 5.% 08/01/43, due Aug 1, 2043 | 0.15% | 0.13% |
| LOS ANGEL 5.% 06/24/27, due Jun 24, 2027 | 0.39% | 0.12% |
| OAKLAND-T 5.% 06/30/27, due Jun 30, 2027 | 0.19% | 0.12% |
| CALIFORNI 5.% 11/01/37, due Nov 1, 2037 | 0.59% | 0.12% |
| SAN FRANC 4.% 06/15/33, due Jun 15, 2033 | 0.38% | 0.12% |
| CALIFORNI 5.% 11/01/42, due Nov 1, 2042 | 0.31% | 0.12% |
| LOS ANG 5% 06/30/27, due Jun 30, 2027 | 1.64% | 0.11% |
| RIVERSIDE 3.95% 10/15/27, due Oct 15, 2027 | 0.11% | 0.12% |
| CALIFORNI 5.% 09/01/41, due Sep 1, 2041 | 0.19% | 0.10% |
| UNIV CA R 5.% 11/15/40, due Nov 15, 2040 | 0.35% | 0.09% |
| CALIFORNI 5.% 12/01/28, due Dec 1, 2028 | 0.40% | 0.09% |
| CALIFORNI 5.% 10/01/39, due Oct 1, 2039 | 0.25% | 0.09% |
| STATE OF CALI 5% 03/01/35, due Mar 1, 2035 | 0.39% | 0.08% |
| CALIFORNI 5.% 10/01/42, due Oct 1, 2042 | 1.25% | 0.08% |
| LOS ANGEL 5.% 06/01/38, due Jun 1, 2038 | 0.15% | 0.08% |
| UNIV CA R VRN 05/15/45, due May 15, 2045 | 0.08% | 0.16% |
| STHRN CA 5.% 07/01/40, due Jul 1, 2040 | 0.17% | 0.08% |
| LOS ANGEL 5.% 06/01/39, due Jun 1, 2039 | 0.17% | 0.08% |
| CALIFORNI 5.% 03/01/28, due Mar 1, 2028 | 0.80% | 0.07% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · DFCA holdings · VTEC holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.