Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX)
Fund Info
US9229078459
922907845
Nov 12, 2001
Expense Ratio
VWALX has an expense ratio of 0.09%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) returned -2.13% year-to-date (YTD) and 0.40% over the past 12 months. Over the past 10 years, VWALX returned 2.84% annually, underperforming the S&P 500 benchmark at 10.78%.
VWALX
-2.13%
0.98%
-2.23%
0.40%
1.87%
2.84%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of VWALX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.33% | 1.17% | -1.81% | -1.43% | -0.39% | -2.13% | |||||||
| 2024 | 0.12% | 0.23% | 0.40% | -1.27% | 0.23% | 2.04% | 0.88% | 0.69% | 1.34% | -1.52% | 1.82% | -1.53% | 3.40% |
| 2023 | 3.82% | -2.53% | 2.05% | 0.20% | -0.66% | 1.18% | 0.31% | -1.41% | -3.19% | -1.98% | 7.66% | 3.21% | 8.45% |
| 2022 | -2.68% | -0.77% | -3.39% | -3.52% | 1.39% | -2.88% | 3.34% | -2.70% | -4.68% | -1.61% | 5.84% | -0.18% | -11.69% |
| 2021 | 1.17% | -1.57% | 0.84% | 1.26% | 0.82% | 0.65% | 0.90% | -0.34% | -0.91% | -0.17% | 1.08% | -0.42% | 3.31% |
| 2020 | 1.98% | 1.68% | -6.17% | -2.71% | 3.39% | 2.48% | 2.09% | -0.08% | -0.08% | 0.01% | 1.89% | 1.02% | 5.24% |
| 2019 | 0.68% | 0.64% | 2.10% | 0.56% | 1.61% | 0.46% | 0.81% | 2.00% | -0.65% | 0.03% | 0.27% | 0.11% | 8.94% |
| 2018 | -1.16% | -0.42% | 0.60% | -0.30% | 1.31% | 0.14% | 0.23% | 0.32% | -0.67% | -0.84% | 0.96% | 1.23% | 1.38% |
| 2017 | 0.52% | 0.75% | 0.43% | 0.86% | 1.77% | -0.04% | 0.95% | 1.12% | -0.22% | 0.32% | 0.05% | 1.21% | 7.97% |
| 2016 | 1.11% | 0.04% | 0.76% | 0.92% | 0.75% | 2.12% | -0.03% | 0.39% | -0.47% | -1.15% | -4.40% | 1.07% | 0.96% |
| 2015 | 2.00% | -1.03% | 0.32% | -0.49% | -0.30% | -0.31% | 0.79% | 0.32% | 0.67% | 0.50% | 0.76% | 0.94% | 4.23% |
| 2014 | 2.56% | 1.45% | 0.35% | 1.44% | 1.71% | -0.05% | 0.15% | 1.50% | 0.22% | 0.76% | 0.30% | 0.77% | 11.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VWALX is 22, meaning it’s performing worse than 78% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Vanguard High-Yield Tax-Exempt Fund Admiral Shares provided a 4.00% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.38 | $0.35 | $0.43 | $0.41 | $0.44 | $0.43 | $0.43 | $0.43 | $0.43 | $0.43 |
Dividend yield | 4.00% | 3.83% | 3.59% | 3.44% | 3.55% | 3.39% | 3.75% | 3.85% | 3.76% | 3.88% | 3.75% | 3.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard High-Yield Tax-Exempt Fund Admiral Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 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 | $0.38 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.43 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.41 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.44 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2016 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.43 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard High-Yield Tax-Exempt Fund Admiral Shares. 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 High-Yield Tax-Exempt Fund Admiral Shares was 17.74%, occurring on Oct 25, 2022. Recovery took 527 trading sessions.
The current Vanguard High-Yield Tax-Exempt Fund Admiral Shares drawdown is 4.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.74% | Aug 6, 2021 | 308 | Oct 25, 2022 | 527 | Dec 3, 2024 | 835 |
| -15.14% | Jan 24, 2008 | 227 | Dec 15, 2008 | 170 | Aug 19, 2009 | 397 |
| -13.29% | Mar 3, 2020 | 14 | Mar 20, 2020 | 170 | Nov 19, 2020 | 184 |
| -8.08% | May 3, 2013 | 85 | Sep 5, 2013 | 154 | Apr 16, 2014 | 239 |
| -7.51% | Oct 13, 2010 | 67 | Jan 18, 2011 | 122 | Jul 13, 2011 | 189 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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