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Vanguard Massachusetts Tax-Exempt Fund (VMATX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US92204X1081

CUSIP

92204X108

Issuer

Vanguard

Inception Date

Dec 9, 1998

Min. Investment

$3,000

Asset Class

Bond

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
VMATX vs. FDMMX VMATX vs. VWLTX VMATX vs. ORNAX VMATX vs. BND VMATX vs. NEAR VMATX vs. SPY VMATX vs. VWSUX VMATX vs. VTABX VMATX vs. VMLUX VMATX vs. VTEB
Popular comparisons:
VMATX vs. FDMMX VMATX vs. VWLTX VMATX vs. ORNAX VMATX vs. BND VMATX vs. NEAR VMATX vs. SPY VMATX vs. VWSUX VMATX vs. VTABX VMATX vs. VMLUX VMATX vs. VTEB

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vanguard Massachusetts Tax-Exempt Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
2.85%
11.19%
VMATX (Vanguard Massachusetts Tax-Exempt Fund)
Benchmark (^GSPC)

Returns By Period

Vanguard Massachusetts Tax-Exempt Fund had a return of 2.27% year-to-date (YTD) and 7.64% in the last 12 months. Over the past 10 years, Vanguard Massachusetts Tax-Exempt Fund had an annualized return of 2.31%, while the S&P 500 had an annualized return of 11.14%, indicating that Vanguard Massachusetts Tax-Exempt Fund did not perform as well as the benchmark.


VMATX

YTD

2.27%

1M

-0.20%

6M

2.84%

1Y

7.64%

5Y (annualized)

1.01%

10Y (annualized)

2.31%

^GSPC (Benchmark)

YTD

24.05%

1M

0.89%

6M

11.19%

1Y

30.12%

5Y (annualized)

13.82%

10Y (annualized)

11.14%

Monthly Returns

The table below presents the monthly returns of VMATX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.22%-0.02%0.08%-1.29%-0.01%1.80%0.98%0.68%1.27%-1.65%2.27%
20233.39%-2.49%2.18%-0.04%-0.83%0.86%0.26%-1.34%-3.07%-1.60%7.24%2.87%7.20%
2022-2.81%-0.71%-3.56%-3.69%1.79%-2.62%3.32%-2.60%-4.47%-0.90%5.78%-0.35%-10.79%
20210.54%-1.72%0.63%1.17%0.53%0.28%0.71%-0.51%-0.86%0.01%1.07%-0.17%1.66%
20202.11%1.53%-3.54%-1.59%3.64%0.74%1.81%-0.50%0.11%-0.15%1.62%-0.06%5.67%
20190.65%0.61%2.05%0.53%1.63%0.42%0.78%1.95%-0.75%0.05%0.22%-0.31%8.04%
2018-1.50%-0.62%0.63%-0.50%1.22%-0.03%0.16%0.08%-0.59%-0.97%1.23%1.42%0.47%
20170.35%0.62%0.25%0.72%1.85%-0.31%0.72%0.89%-0.51%0.25%-0.22%1.29%6.04%
20161.17%-0.03%0.62%0.79%0.33%1.86%-0.20%0.24%-0.57%-1.19%-4.41%0.93%-0.61%
20152.10%-1.40%0.53%-0.66%-0.30%-0.20%1.02%0.36%0.63%0.35%0.62%0.72%3.80%
20142.35%1.22%0.19%1.51%1.31%-0.01%0.27%1.48%0.07%0.72%0.07%0.07%9.62%
20130.45%0.15%-0.65%1.18%-1.66%-3.38%-1.17%-1.29%2.77%0.87%-0.30%-0.19%-3.30%

Expense Ratio

VMATX has an expense ratio of 0.13%, which is considered low compared to other funds.


Expense ratio chart for VMATX: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of VMATX is 53, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of VMATX is 5353
Combined Rank
The Sharpe Ratio Rank of VMATX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of VMATX is 6161
Sortino Ratio Rank
The Omega Ratio Rank of VMATX is 7575
Omega Ratio Rank
The Calmar Ratio Rank of VMATX is 3636
Calmar Ratio Rank
The Martin Ratio Rank of VMATX is 3939
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard Massachusetts Tax-Exempt Fund (VMATX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for VMATX, currently valued at 1.98, compared to the broader market0.002.004.001.982.54
The chart of Sortino ratio for VMATX, currently valued at 2.92, compared to the broader market0.005.0010.002.923.40
The chart of Omega ratio for VMATX, currently valued at 1.45, compared to the broader market1.002.003.004.001.451.47
The chart of Calmar ratio for VMATX, currently valued at 0.82, compared to the broader market0.005.0010.0015.0020.0025.000.823.66
The chart of Martin ratio for VMATX, currently valued at 7.70, compared to the broader market0.0020.0040.0060.0080.00100.007.7016.28
VMATX
^GSPC

The current Vanguard Massachusetts Tax-Exempt Fund Sharpe ratio is 1.98. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Vanguard Massachusetts Tax-Exempt Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.98
2.54
VMATX (Vanguard Massachusetts Tax-Exempt Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard Massachusetts Tax-Exempt Fund provided a 3.33% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.


2.20%2.40%2.60%2.80%3.00%3.20%3.40%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.3520132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.34$0.32$0.27$0.26$0.28$0.31$0.33$0.32$0.32$0.33$0.34$0.34

Dividend yield

3.33%3.07%2.69%2.26%2.47%2.81%3.07%2.92%3.06%3.06%3.16%3.35%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Massachusetts Tax-Exempt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.29
2023$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.27
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.26
2020$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.31
2018$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2013$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.65%
-1.41%
VMATX (Vanguard Massachusetts Tax-Exempt Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard Massachusetts Tax-Exempt Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard Massachusetts Tax-Exempt Fund was 16.24%, occurring on Oct 26, 2022. The portfolio has not yet recovered.

The current Vanguard Massachusetts Tax-Exempt Fund drawdown is 2.65%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.24%Aug 6, 2021309Oct 26, 2022
-12.41%Mar 10, 20209Mar 20, 202092Jul 31, 2020101
-10.64%Jan 24, 2008185Oct 16, 200861Jan 14, 2009246
-10.19%Feb 24, 1999319May 18, 2000161Jan 9, 2001480
-8.25%Dec 7, 2012187Sep 5, 2013163Apr 30, 2014350

Volatility

Volatility Chart

The current Vanguard Massachusetts Tax-Exempt Fund volatility is 1.99%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.99%
4.07%
VMATX (Vanguard Massachusetts Tax-Exempt Fund)
Benchmark (^GSPC)