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ELFTX vs. VOHIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ELFTX vs. VOHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elfun Tax Exempt Income Fund (ELFTX) and Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX). The values are adjusted to include any dividend payments, if applicable.

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ELFTX vs. VOHIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ELFTX
Elfun Tax Exempt Income Fund
-0.57%3.29%-0.14%4.27%-8.97%0.87%4.50%7.13%0.91%4.72%
VOHIX
Vanguard Ohio Long-Term Tax-Exempt Fund
-0.61%5.07%2.76%7.03%-11.01%1.72%7.04%8.34%0.96%6.33%

Returns By Period

In the year-to-date period, ELFTX achieves a -0.57% return, which is significantly higher than VOHIX's -0.61% return. Over the past 10 years, ELFTX has underperformed VOHIX with an annualized return of 1.40%, while VOHIX has yielded a comparatively higher 2.52% annualized return.


ELFTX

1D
0.20%
1M
-2.20%
YTD
-0.57%
6M
1.05%
1Y
3.14%
3Y*
1.47%
5Y*
-0.19%
10Y*
1.40%

VOHIX

1D
0.26%
1M
-2.37%
YTD
-0.61%
6M
1.17%
1Y
4.09%
3Y*
3.71%
5Y*
0.96%
10Y*
2.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ELFTX vs. VOHIX - Expense Ratio Comparison

ELFTX has a 0.21% expense ratio, which is higher than VOHIX's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Return for Risk

ELFTX vs. VOHIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELFTX
ELFTX Risk / Return Rank: 2727
Overall Rank
ELFTX Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
ELFTX Sortino Ratio Rank: 2121
Sortino Ratio Rank
ELFTX Omega Ratio Rank: 4343
Omega Ratio Rank
ELFTX Calmar Ratio Rank: 2525
Calmar Ratio Rank
ELFTX Martin Ratio Rank: 2121
Martin Ratio Rank

VOHIX
VOHIX Risk / Return Rank: 3636
Overall Rank
VOHIX Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
VOHIX Sortino Ratio Rank: 3030
Sortino Ratio Rank
VOHIX Omega Ratio Rank: 5454
Omega Ratio Rank
VOHIX Calmar Ratio Rank: 3333
Calmar Ratio Rank
VOHIX Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELFTX vs. VOHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elfun Tax Exempt Income Fund (ELFTX) and Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX). 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.


ELFTXVOHIXDifference

Sharpe ratio

Return per unit of total volatility

0.71

0.83

-0.12

Sortino ratio

Return per unit of downside risk

0.96

1.14

-0.18

Omega ratio

Gain probability vs. loss probability

1.20

1.23

-0.03

Calmar ratio

Return relative to maximum drawdown

0.81

0.99

-0.18

Martin ratio

Return relative to average drawdown

2.44

3.15

-0.70

ELFTX vs. VOHIX - Sharpe Ratio Comparison

The current ELFTX Sharpe Ratio is 0.71, which is comparable to the VOHIX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of ELFTX and VOHIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


ELFTXVOHIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.71

0.83

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.05

0.20

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.36

0.55

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

1.26

-0.55

Correlation

The correlation between ELFTX and VOHIX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

ELFTX vs. VOHIX - Dividend Comparison

ELFTX's dividend yield for the trailing twelve months is around 3.70%, more than VOHIX's 3.63% yield.


TTM20252024202320222021202020192018201720162015
ELFTX
Elfun Tax Exempt Income Fund
3.70%3.99%2.66%2.88%3.09%2.61%3.24%3.78%4.09%4.00%4.00%3.82%
VOHIX
Vanguard Ohio Long-Term Tax-Exempt Fund
3.63%4.43%3.92%3.05%2.73%2.78%3.39%3.93%3.51%3.70%3.75%3.84%

Drawdowns

ELFTX vs. VOHIX - Drawdown Comparison

The maximum ELFTX drawdown since its inception was -19.15%, which is greater than VOHIX's maximum drawdown of -16.81%. Use the drawdown chart below to compare losses from any high point for ELFTX and VOHIX.


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Drawdown Indicators


ELFTXVOHIXDifference

Max Drawdown

Largest peak-to-trough decline

-19.15%

-16.81%

-2.34%

Max Drawdown (1Y)

Largest decline over 1 year

-5.23%

-5.42%

+0.19%

Max Drawdown (5Y)

Largest decline over 5 years

-13.59%

-16.81%

+3.22%

Max Drawdown (10Y)

Largest decline over 10 years

-13.59%

-16.81%

+3.22%

Current Drawdown

Current decline from peak

-3.24%

-2.70%

-0.54%

Average Drawdown

Average peak-to-trough decline

-3.42%

-1.89%

-1.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

1.70%

+0.04%

Volatility

ELFTX vs. VOHIX - Volatility Comparison

The current volatility for Elfun Tax Exempt Income Fund (ELFTX) is 1.09%, while Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) has a volatility of 1.29%. This indicates that ELFTX experiences smaller price fluctuations and is considered to be less risky than VOHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ELFTXVOHIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.09%

1.29%

-0.20%

Volatility (6M)

Calculated over the trailing 6-month period

1.66%

1.93%

-0.27%

Volatility (1Y)

Calculated over the trailing 1-year period

5.11%

5.56%

-0.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.86%

4.70%

-0.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.84%

4.61%

-0.77%