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ELFTX vs. VOHIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ELFTX and VOHIX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


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.

280.00%300.00%320.00%340.00%360.00%380.00%400.00%December2025FebruaryMarchAprilMay
299.52%
375.15%
ELFTX
VOHIX

Key characteristics

Sharpe Ratio

ELFTX:

-0.02

VOHIX:

0.26

Sortino Ratio

ELFTX:

0.02

VOHIX:

0.39

Omega Ratio

ELFTX:

1.00

VOHIX:

1.06

Calmar Ratio

ELFTX:

-0.01

VOHIX:

0.20

Martin Ratio

ELFTX:

-0.05

VOHIX:

0.84

Ulcer Index

ELFTX:

1.70%

VOHIX:

1.96%

Daily Std Dev

ELFTX:

5.74%

VOHIX:

6.23%

Max Drawdown

ELFTX:

-14.60%

VOHIX:

-17.45%

Current Drawdown

ELFTX:

-4.60%

VOHIX:

-5.62%

Returns By Period

In the year-to-date period, ELFTX achieves a -1.93% return, which is significantly higher than VOHIX's -2.07% return. Over the past 10 years, ELFTX has underperformed VOHIX with an annualized return of 1.81%, while VOHIX has yielded a comparatively higher 2.03% annualized return.


ELFTX

YTD

-1.93%

1M

-2.52%

6M

-1.77%

1Y

0.01%

5Y*

0.65%

10Y*

1.81%

VOHIX

YTD

-2.07%

1M

-2.84%

6M

-2.02%

1Y

1.12%

5Y*

0.58%

10Y*

2.03%

*Annualized

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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%.


Risk-Adjusted Performance

ELFTX vs. VOHIX — Risk-Adjusted Performance Rank

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

ELFTX
The Risk-Adjusted Performance Rank of ELFTX is 1414
Overall Rank
The Sharpe Ratio Rank of ELFTX is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of ELFTX is 1212
Sortino Ratio Rank
The Omega Ratio Rank of ELFTX is 1212
Omega Ratio Rank
The Calmar Ratio Rank of ELFTX is 1515
Calmar Ratio Rank
The Martin Ratio Rank of ELFTX is 1515
Martin Ratio Rank

VOHIX
The Risk-Adjusted Performance Rank of VOHIX is 3030
Overall Rank
The Sharpe Ratio Rank of VOHIX is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of VOHIX is 2727
Sortino Ratio Rank
The Omega Ratio Rank of VOHIX is 2929
Omega Ratio Rank
The Calmar Ratio Rank of VOHIX is 3131
Calmar Ratio Rank
The Martin Ratio Rank of VOHIX is 3131
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ELFTX vs. VOHIX - Risk-Adjusted Performance 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.


The current ELFTX Sharpe Ratio is -0.02, which is lower than the VOHIX Sharpe Ratio of 0.26. 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-0.02
0.14
ELFTX
VOHIX

Dividends

ELFTX vs. VOHIX - Dividend Comparison

ELFTX's dividend yield for the trailing twelve months is around 3.77%, more than VOHIX's 3.22% yield.


TTM20242023202220212020201920182017201620152014
ELFTX
Elfun Tax Exempt Income Fund
3.77%4.00%3.84%3.71%3.13%3.52%3.80%4.09%4.00%4.00%3.91%3.95%
VOHIX
Vanguard Ohio Long-Term Tax-Exempt Fund
3.22%3.34%3.06%2.74%2.42%2.66%3.00%3.28%3.19%3.30%3.38%3.51%

Drawdowns

ELFTX vs. VOHIX - Drawdown Comparison

The maximum ELFTX drawdown since its inception was -14.60%, smaller than the maximum VOHIX drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for ELFTX and VOHIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%December2025FebruaryMarchAprilMay
-4.60%
-5.62%
ELFTX
VOHIX

Volatility

ELFTX vs. VOHIX - Volatility Comparison

The current volatility for Elfun Tax Exempt Income Fund (ELFTX) is 4.34%, while Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) has a volatility of 4.62%. 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.


1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
4.34%
4.62%
ELFTX
VOHIX