Vanguard California Tax-Exempt Bond ETF(VTEC · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

VTEC $98.44
Snapshot
$98.44
52-Week Range
$96.51 – $101.90
YTD
-1.85%
IV Rank (30D)
50.28
Straddle Price
$2.50
Info

Vanguard California Tax-Exempt Bond ETF (VTEC) ETF

Exchange
BATS
Inception
2024-01-26
Has Options
Yes
ETF Profile
holdings as of 2026-03-31
Holdings
3616
AUM
$2.3B
Provider
Vanguard
Inception
2024-01-26
Exchange
BATS
Data As Of
2026-03-31
Expense Ratio
0.06%
Dividend Yield
3.20%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-07-01 2026-07-06 $0.2624 CD
2026-06-01 2026-06-03 $0.2575 CD
2026-05-01 2026-05-05 $0.2603 CD
2026-04-01 2026-04-06 $0.2582 CD
2026-03-02 2026-03-04 $0.2567 CD
2026-02-02 2026-02-04 $0.2508 CD
Asset Allocation
Top Holdings
top 50 of 3616 holdings
Symbol Name Weight % Asset Class Country
UNIVERSITY CALIF REVS GEN BDS 2025 C 0.53% Corporate Bond
BAY AREA TOLL AUTH CALIF TOLL BDS 2026A 0.47% Corporate Bond
Irvine Ranch Water District 0.47% Corporate Bond
LOS ANGELES CALIF UNI SCH DIST GO DEDICATED UNLTD AD VA 2024A 0.30% Corporate Bond
LOS ANGELES CALIF UNI SCH DIST GO DEDICATED UNLTD AD VA 2024A 0.30% Corporate Bond
LOS ANGELES CALIF UNI SCH DIST GO DEDICATED UNLTD AD VA 2024A 0.28% Corporate Bond
State of California 0.27% Corporate Bond
LOS ANGELES CALIF DEPT WTR & P SYS BDS 2025 A 0.26% Corporate Bond
Bay Area Toll Authority 0.25% Corporate Bond
Regents of the University of California Medical Center Pooled Revenue 0.24% Corporate Bond
CALIFORNIA ST VAR PURP GO BDS 0.23% Corporate Bond
CALIFORNIA ST VAR PURP GO REF BDS 0.23% Corporate Bond
CALIFORNIA EDL FACS AUTH REV BDS 2025A 0.23% Corporate Bond
UNIVERSITY CALIF REVS GEN BDS 2025 C 0.23% Corporate Bond
EAST CNTY ADVANCED WTR PURIFIC INTERIM NTS 2024 A 0.23% Corporate Bond
SAN FRANCISCO CALIF CITY & CNT GO BDS 2015F/ 0.22% Corporate Bond
UNIVERSITY CALIF REVS GEN BDS 2025 C 0.22% Corporate Bond
CALIFORNIA ST VAR PURP GO REF BDS 0.22% Corporate Bond
UNIVERSITY CALIF REVS GEN REGT BDS 2022 B 0.21% Corporate Bond
California Educational Facilities Authority Revenue (Stanford University) 0.20% Corporate Bond
FOOTHILL / EASTERN TRANSN CORR LIEN REF BDS 2021 A 0.20% Corporate Bond
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 0.18% Corporate Bond
LOS ANGELES CALIF UNI SCH DIST GO DEDICATED UNLTD AD VA 2024A 0.18% Corporate Bond
LOS ANGELES CALIF DEPT WTR & P SYS BDS 2025 C 0.18% Corporate Bond
UNIVERSITY CALIF REVS GEN BDS 2025 C 0.18% Corporate Bond
CALIFORNIA ST PUB WKS BRD LEAS BDS 2026A 0.18% Corporate Bond
CALIFORNIA ST VARIOUS PURP GO REF BDS 0.18% Corporate Bond
UNIVERSITY CALIF REVS GEN BDS 2025 C 0.18% Corporate Bond
SAN FRANCISCO CALIF CITY & CNT SECOND SER BDS 2017B 0.17% Corporate Bond
Regents of the University of California Medical Center Pooled Revenue 0.16% Corporate Bond
San Francisco CA City & County Public Utilities Commission Water Revenue 0.16% Corporate Bond
SAN FRANCISCO CALIF CITY & CNT REF BDS 2023C 0.16% Corporate Bond
UNIVERSITY CALIF REVS GEN BDS 2025 B 0.16% Corporate Bond
Anaheim CA Public Financing Authority Lease Revenue 0.16% Corporate Bond
UNIVERSITY CALIF REVS REGT GEN BDS 2024 B 0.16% Corporate Bond
Los Angeles CA Unified School District GO 0.16% Corporate Bond
LOS ANGELES CALIF UNI SCH DIST GO DEDICATED UNLTD AD VA 2024A 0.15% Corporate Bond
CALIFORNIA ST VAR PURP GO BDS 0.15% Corporate Bond
LOS ANGELES CALIF CMNTY COLLEG GO BDS 2024 0.15% Corporate Bond
CALIFORNIA ST VAR PURP GO BDS 0.15% Corporate Bond
California Educational Facilities Authority 0.15% Corporate Bond
CALIFORNIA ST VARIOUS PURP GO BDS 0.15% Corporate Bond
CALIFORNIA ST VAR PURP GO BDS 0.15% Corporate Bond
SAN DIEGO CALIF CMNTY COLLEGE ELECTION 2024 GO BDS A-1 0.15% Corporate Bond
UNIVERSITY CALIF REVS GEN REGT BDS 2022 B 0.15% Corporate Bond
CALIFORNIA ST UNIV REV SYSTEMWIDE REV BDS 2016A 0.15% Corporate Bond
California GO 0.15% Corporate Bond
LOS ANGELES CALIF DEPT WTR & P SYS BDS 2020 B 0.14% Corporate Bond
SANTA MONICA CALIF CMNTY COLLE GO BDS 2018 0.14% Corporate Bond
LOS ANGELES CALIF UNI SCH DIST GO DEDICATED UNLTD AD VA 2023 Q 0.14% Corporate Bond
Non-Equity Breakdown
VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF · NPORT-P period 2026-11-30 (filed 2026-04-28)
Net assets: $2.17B · 3487 total positions · equity 0.00% · non-equity 100.43%
Non-equity holdings — 3487 positions, 100.43% of NAV
Category Weight Value Positions
Municipal 100.43% $2.17B 3487
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +0.03% 3
Feb +0.68% 3
Mar -1.53% 3
Apr -0.78% 3
May -0.01% 3
Jun +1.09% 3
Jul -0.73% 3
Aug -0.07% 2
Sep +1.63% 2
Oct -0.14% 2
Nov +0.71% 2
Dec -0.81% 2
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators
SMA 20: $99.96
SMA 50: $99.82
SMA 200: $100.20
Current: $98.44
EMA 12: $99.52
EMA 26: $99.78
MACD: -0.2632 | Signal: -0.1741
BEARISH
ADX (14): 18.06
RANGE
+DI: 15.70
−DI: 47.73
Momentum Oscillators
RSI (14): 17.96
OVERSOLD
Stoch %K: 1.53
Stoch %D: 1.44
Williams %R: -97.64
Volume & Volatility
BB Upper: $101.04
BB Lower: $98.89
OVERSOLD
OBV: 2,551,613
Vol SMA 20: 320,078
Vol ROC: 32.79%
ATR: $0.27
True Range: $0.69
HV 20: 2.9%
HV 30: 2.7%
HV 60: 2.8%

Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-07-25T00:00:00 – 2026-07-23T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
IV Rank (30D)
50.28
IV Rank (7D)
50.28
Avg IV
13.0%
Straddle (30D)
$2.50
Straddle (7D)
$2.50
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.07
Correlation (SPY)
30.6%
0.09
Ann. Volatility
2.8%
SPY Volatility
12.7%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month