DFCA vs VTEC
Dimensional California Municipal Bond ETF compared with Vanguard California Tax-Exempt Bond ETF on yield, payout growth, payment schedule, cost and risk.
DFCA
Dimensional California Municipal Bond ETF
TTM yield · Monthly
VTEC
Vanguard California Tax-Exempt Bond ETF
TTM yield · Monthly
Quick take
- VTEC yields more today: 3.23% vs 2.72% (forward).
- Both pay every month.
- Over the last year VTEC delivered the higher total return: +2.9% vs +2.2% (price change plus payouts).
- VTEC is cheaper to own: 0.06% vs 0.19% expense ratio.
- VTEC has the steadier distribution: consistency 97/100 vs 67/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | DFCA | VTEC |
|---|---|---|
| Share price | $49.05 | $97.28 |
| TTM yield | 2.77% | 3.23% |
| Forward yield | 2.72% | 3.23% |
| Annual payout per share | $1.3354 | $3.142 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 15, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.19% | 0.06% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 67/100 | 97/100 |
| 1-year total return | +2.2% | +2.9% |
| 1-year price return | -0.5% | -0.4% |
| Size (market cap / AUM) | 723.0M | 3.3B |
| Years paying | 3.1 | 2.5 |
| Sector / category | Muni California Intermediate | Muni California Intermediate |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| DFCA | VTEC | |
|---|---|---|
| Shares | 203.9 | 102.8 |
| Income per year | $272 | $323 |
| Income per month (avg) | $23 | $27 |
At forward yields, before taxes. Model DFCA · Model VTEC
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| DFCA Sep 15, 2026 | Sep 29, 2026 | $0.1113 | Est. |
| DFCA Oct 13, 2026 | Oct 27, 2026 | $0.1113 | Est. |
| DFCA Nov 10, 2026 | Nov 24, 2026 | $0.1113 | Est. |
| VTEC Oct 1, 2026 | Oct 15, 2026 | $0.2618 | Est. |
| VTEC Oct 31, 2026 | Nov 14, 2026 | $0.2618 | Est. |
| VTEC Nov 30, 2026 | Dec 14, 2026 | $0.2618 | Est. |
Annual payouts per share
DFCAVTEC
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, DFCA or VTEC?
VTEC currently has the higher trailing yield: DFCA yields 2.77% and VTEC yields 3.23%. Yield changes daily with price, so check the live figures above.
How often do DFCA and VTEC pay?
DFCA pays every month and VTEC pays every month. DFCA's next ex-date is Sep 15, 2026 and VTEC's is Oct 1, 2026.
Is DFCA or VTEC better for income?
It depends on what you are optimising for. DFCA and VTEC differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.