INF.L vs. VWALX

Last updated Jun 6, 2026

INF.L (Informa plc) is a stock, while VWALX (Vanguard High-Yield Tax-Exempt Fund Admiral Shares) is Municipal Bonds fund managed by Vanguard. Over the past 10 years, INF.L returned 5.19%/yr vs 3.92%/yr for VWALX. At a correlation of -0.07, they often move in opposite directions.

Performance

INF.L vs. VWALX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Informa plc (INF.L) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

INF.L is traded in GBp, while VWALX is traded in USD. To make them comparable, the VWALX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, INF.L achieves a -6.29% return, which is significantly lower than VWALX's 2.81% return. Over the past 10 years, INF.L has outperformed VWALX with an annualized return of 5.19%, while VWALX has yielded a comparatively lower 3.92% annualized return.

INF.L

• 1D: -0.88%
• 1M: 0.41%
• YTD: -6.29%
• 6M: -12.67%
• 1Y: 4.50%
• 3Y*: 7.18%
• 5Y*: 10.27%
• 10Y*: 5.19%

VWALX

• 1D: 0.06%
• 1M: 2.09%
• YTD: 2.81%
• 6M: 2.17%
• 1Y: 9.86%
• 3Y*: 2.92%
• 5Y*: 2.75%
• 10Y*: 3.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INF.L vs. VWALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INF.L Informa plc	-6.29%	13.57%	4.29%	27.71%	20.38%	-5.90%	-35.94%	38.79%	-10.93%	8.50%
VWALX Vanguard High-Yield Tax-Exempt Fund Admiral Shares	2.81%	-2.42%	5.89%	3.03%	-1.19%	4.39%	2.39%	5.41%	7.39%	-1.37%

Correlation

The correlation between INF.L and VWALX is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	-0.08
Correlation (10Y) Calculated over the trailing 10-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007	-0.07

The correlation between INF.L and VWALX shifts across timeframes, from -0.08 (5 years) to 0.03 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

INF.L vs. VWALX — Risk / Return Rank

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

INF.L

INF.L Risk / Return Rank: 45
INF.L Sharpe Ratio Rank: 50
INF.L Sortino Ratio Rank: 42
INF.L Omega Ratio Rank: 41
INF.L Calmar Ratio Rank: 46
INF.L Martin Ratio Rank: 46

VWALX

VWALX Risk / Return Rank: 75
VWALX Sharpe Ratio Rank: 83
VWALX Sortino Ratio Rank: 89
VWALX Omega Ratio Rank: 92
VWALX Calmar Ratio Rank: 59
VWALX Martin Ratio Rank: 53

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.

INF.L vs. VWALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Informa plc (INF.L) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX). 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.

	INF.L	VWALX	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.46	-1.26
Sortino ratio: Return per unit of downside risk	0.44	2.14	-1.71
Omega ratio: Gain probability vs. loss probability	1.05	1.26	-0.21
Calmar ratio: Return relative to maximum drawdown	0.18	1.74	-1.56
Martin ratio: Return relative to average drawdown	0.37	4.94	-4.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INF.L vs. VWALX - Sharpe Ratio Comparison

The current INF.L Sharpe Ratio is 0.20, which is lower than the VWALX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of INF.L and VWALX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INF.L	VWALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.46	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.31	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.39	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.63	-0.38

Drawdowns

INF.L vs. VWALX - Drawdown Comparison

The maximum INF.L drawdown since its inception was -75.22%, which is greater than VWALX's maximum drawdown of -13.70%. Use the drawdown chart below to compare losses from any high point for INF.L and VWALX.

Drawdown Indicators

	INF.L	VWALX	Difference
Max Drawdown Largest peak-to-trough decline	-75.22%	-13.70%	-61.52%
Max Drawdown (1Y) Largest decline over 1 year	-25.53%	-5.59%	-19.94%
Max Drawdown (3Y) Largest decline over 3 years	-28.98%	-11.45%	-17.53%
Max Drawdown (5Y) Largest decline over 5 years	-28.98%	-12.46%	-16.52%
Max Drawdown (10Y) Largest decline over 10 years	-60.00%	-13.03%	-46.97%
Current Drawdown Current decline from peak	-16.61%	-1.89%	-14.72%
Average Drawdown Average peak-to-trough decline	-17.02%	-4.96%	-12.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.09%	1.96%	+10.13%

Volatility

INF.L vs. VWALX - Volatility Comparison

Informa plc (INF.L) has a higher volatility of 5.21% compared to Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) at 1.68%. This indicates that INF.L's price experiences larger fluctuations and is considered to be riskier than VWALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INF.L	VWALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	1.68%	+3.53%
Volatility (6M) Calculated over the trailing 6-month period	18.41%	5.13%	+13.28%
Volatility (1Y) Calculated over the trailing 1-year period	22.62%	6.66%	+15.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	8.90%	+16.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.74%	9.97%	+18.77%

Dividends

INF.L vs. VWALX - Dividend Comparison

INF.L's dividend yield for the trailing twelve months is around 2.71%, less than VWALX's 4.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INF.L Informa plc	2.71%	2.33%	2.12%	1.18%	0.36%	0.00%	0.00%	1.92%	2.43%	2.00%	2.76%	3.45%
VWALX Vanguard High-Yield Tax-Exempt Fund Admiral Shares	4.12%	5.04%	4.47%	3.59%	3.44%	3.04%	3.40%	4.03%	3.85%	3.77%	3.86%	3.75%

Frequently Asked Questions

Can I hold both INF.L and VWALX in my portfolio?

INF.L and VWALX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.