ELFTX vs. VOHIX
Compare and contrast key facts about Elfun Tax Exempt Income Fund (ELFTX) and Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX).
ELFTX is managed by State Street. It was launched on Jan 1, 1980. VOHIX is managed by Vanguard. It was launched on Jun 18, 1990.
Performance
ELFTX vs. VOHIX - Performance Comparison
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ELFTX vs. VOHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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%
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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
ELFTX
VOHIX
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.
| ELFTX | VOHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.83 | -0.12 |
Sortino ratioReturn per unit of downside risk | 0.96 | 1.14 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.99 | -0.18 |
Martin ratioReturn relative to average drawdown | 2.44 | 3.15 | -0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELFTX | VOHIX | Difference | |
|---|---|---|---|
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.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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
| ELFTX | VOHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -3.24% | -2.70% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -1.89% | -1.53% |
Ulcer IndexDepth 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
| ELFTX | VOHIX | Difference | |
|---|---|---|---|
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% |