Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with VWAHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to VWAHX
VWAHX charges 0.17% annually. There are 2 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | VWAHX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | VWAHX vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | VWAHX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | VWAHX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | — | Aug 2008 | VWAHX vs AHMFX |
Best Risk-Adjusted Alternatives to VWAHX
VWAHX has a PortfoliosLab risk / return rank of 87. There are 23 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 97 | — | Feb 1985 | VWAHX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 96 | — | Apr 1987 | VWAHX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 95 | — | Sep 2015 | VWAHX vs ISHYX | |
| Columbia High Yield Municipal Fund | 94 | — | Mar 1984 | VWAHX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 93 | — | Jan 2013 | VWAHX vs WHYIX |
Top Performing VWAHX Alternatives (YTD)
VWAHX is at 2.65% YTD. There are 35 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 6.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 6.66% | — | Nov 2003 | VWAHX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.93% | — | May 2007 | VWAHX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.83% | — | Jun 2016 | VWAHX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.81% | — | Jun 1999 | VWAHX vs NHMRX | |
| Columbia High Yield Municipal Fund | 3.80% | — | Mar 1984 | VWAHX vs SRHMX |
Lowest Volatility Alternatives to VWAHX
VWAHX has 3.21% 1-year volatility. There are 16 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | VWAHX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | VWAHX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.23% | — | Jan 2013 | VWAHX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | VWAHX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | VWAHX vs TMNIX |
Lowest Drawdown Alternatives to VWAHX
VWAHX has a 1-year max drawdown of -3.05%. There are 28 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Eagle Short Duration High Yield Municipal Fu... | -1.71% | — | Feb 2024 | VWAHX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | VWAHX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | VWAHX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | VWAHX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | VWAHX vs SDHIX |
Other Mutual Funds from Vanguard
The 10 most viewed Vanguard mutual funds shown here include VTSAX, VFIAX, VTIAX and span 8 categories. AUM among these funds goes as high as $2T.
Often Compared With VWAHX
Investors most often compare VWAHX with VTEB, VWEHX, VTEAX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare VWAHX with Any Fund or Stock
Compare VWAHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair VWAHX with funds that move differently
Vanguard High-Yield Tax-Exempt Fund Investor Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VWAHX.
Explore VWAHX Diversifiers