BLX vs. VWAHX
BLX (Banco Latinoamericano de Comercio Exterior, S.A) is a stock, while VWAHX (Vanguard High-Yield Tax-Exempt Fund Investor Shares) is High Yield Muni fund actively managed by Vanguard. Over the past 10 years, BLX returned 16.39%/yr vs 2.92%/yr for VWAHX. At a correlation of -0.05, they often move in opposite directions.
Performance
BLX vs. VWAHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BLX achieves a 42.53% return, which is significantly higher than VWAHX's 2.39% return. Over the past 10 years, BLX has outperformed VWAHX with an annualized return of 16.39%, while VWAHX has yielded a comparatively lower 2.92% annualized return.
BLX
- 1D
- 1.53%
- 1M
- 12.32%
- YTD
- 42.53%
- 6M
- 44.24%
- 1Y
- 57.81%
- 3Y*
- 53.04%
- 5Y*
- 39.13%
- 10Y*
- 16.39%
VWAHX
- 1D
- -0.09%
- 1M
- 1.96%
- YTD
- 2.39%
- 6M
- 2.84%
- 1Y
- 8.14%
- 3Y*
- 5.29%
- 5Y*
- 1.53%
- 10Y*
- 2.92%
BLX vs. VWAHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLX Banco Latinoamericano de Comercio Exterior, S.A | 42.53% | 33.06% | 53.73% | 60.61% | 4.31% | 11.50% | -19.47% | 33.06% | -31.32% | -3.40% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 2.39% | 4.96% | 3.98% | 8.39% | -11.76% | 3.36% | 5.39% | 9.48% | 1.31% | 7.86% |
Correlation
The correlation between BLX and VWAHX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 1992 | -0.05 |
The correlation between BLX and VWAHX shifts across timeframes, from -0.07 (10 years) to 0.07 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BLX vs. VWAHX — Risk / Return Rank
BLX
VWAHX
BLX vs. VWAHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Latinoamericano de Comercio Exterior, S.A (BLX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BLX | VWAHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.67 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 2.75 | +1.93 |
| Martin ratioReturn relative to average drawdown | 12.12 | 9.98 | +2.14 |
Loading charts...
Drawdowns
BLX vs. VWAHX - Drawdown Comparison
The maximum BLX drawdown since its inception was -95.88%, which is greater than VWAHX's maximum drawdown of -40.26%. Use the drawdown chart below to compare losses from any high point for BLX and VWAHX.
Loading charts...
Drawdown Indicators
| BLX | VWAHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.88% | -40.26% | -55.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -3.05% | -9.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -7.12% | -13.89% |
Max Drawdown (5Y)Largest decline over 5 years | -30.88% | -17.32% | -13.56% |
Max Drawdown (10Y)Largest decline over 10 years | -68.51% | -17.32% | -51.19% |
Current DrawdownCurrent decline from peak | 0.00% | -0.09% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -32.88% | -6.92% | -25.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 0.84% | +3.94% |
Volatility
BLX vs. VWAHX - Volatility Comparison
Banco Latinoamericano de Comercio Exterior, S.A (BLX) has a higher volatility of 7.14% compared to Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) at 0.90%. This indicates that BLX's price experiences larger fluctuations and is considered to be riskier than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BLX | VWAHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 0.90% | +6.24% |
Volatility (6M)Calculated over the trailing 6-month period | 17.70% | 2.38% | +15.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.39% | 3.23% | +20.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.79% | 4.80% | +20.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.13% | 4.64% | +27.49% |
Dividends
BLX vs. VWAHX - Dividend Comparison
BLX's dividend yield for the trailing twelve months is around 4.24%, more than VWAHX's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLX Banco Latinoamericano de Comercio Exterior, S.A | 4.24% | 5.61% | 5.62% | 4.04% | 6.17% | 6.02% | 7.17% | 7.20% | 8.90% | 5.72% | 5.23% | 4.96% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 4.05% | 4.95% | 4.38% | 3.53% | 3.36% | 2.98% | 3.31% | 3.94% | 3.78% | 3.68% | 3.75% | 3.67% |
Frequently Asked Questions
BLX and VWAHX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLX has higher volatility (7.14%) compared to VWAHX (0.90%). In terms of maximum drawdown, BLX dropped -95.88% vs VWAHX's -40.26%.
VWAHX currently has the higher Sharpe Ratio (2.60 vs 2.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BLX and VWAHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer