ELFTX vs. VWAHX
Compare and contrast key facts about Elfun Tax Exempt Income Fund (ELFTX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
ELFTX is managed by State Street Global Advisors. It was launched on Jan 1, 1980. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ELFTX or VWAHX.
Key characteristics
| ELFTX | VWAHX | |
|---|---|---|
| YTD Return | 1.14% | 3.35% |
| 1Y Return | 6.24% | 11.05% |
| 3Y Return (Ann) | -0.76% | -0.40% |
| 5Y Return (Ann) | 0.85% | 1.60% |
| 10Y Return (Ann) | 2.08% | 3.13% |
| Sharpe Ratio | 1.76 | 2.63 |
| Sortino Ratio | 2.59 | 4.01 |
| Omega Ratio | 1.39 | 1.64 |
| Calmar Ratio | 0.71 | 0.94 |
| Martin Ratio | 6.95 | 13.03 |
| Ulcer Index | 0.90% | 0.85% |
| Daily Std Dev | 3.55% | 4.21% |
| Max Drawdown | -14.59% | -17.82% |
| Current Drawdown | -3.11% | -1.95% |
Correlation
The correlation between ELFTX and VWAHX is 0.83, 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.
Performance
ELFTX vs. VWAHX - Performance Comparison
In the year-to-date period, ELFTX achieves a 1.14% return, which is significantly lower than VWAHX's 3.35% return. Over the past 10 years, ELFTX has underperformed VWAHX with an annualized return of 2.08%, while VWAHX has yielded a comparatively higher 3.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ELFTX vs. VWAHX - Expense Ratio Comparison
ELFTX has a 0.21% expense ratio, which is higher than VWAHX's 0.17% 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. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elfun Tax Exempt Income Fund (ELFTX) 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.
Dividends
ELFTX vs. VWAHX - Dividend Comparison
ELFTX's dividend yield for the trailing twelve months is around 3.65%, less than VWAHX's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELFTX Elfun Tax Exempt Income Fund | 3.65% | 3.84% | 3.71% | 3.13% | 3.52% | 3.80% | 4.09% | 4.00% | 4.00% | 3.91% | 3.95% | 4.33% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.70% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
Drawdowns
ELFTX vs. VWAHX - Drawdown Comparison
The maximum ELFTX drawdown since its inception was -14.59%, smaller than the maximum VWAHX drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for ELFTX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
ELFTX vs. VWAHX - Volatility Comparison
The current volatility for Elfun Tax Exempt Income Fund (ELFTX) is 1.90%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 2.02%. This indicates that ELFTX experiences smaller price fluctuations and is considered to be less risky than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.