INMU vs. VWAHX
Compare and contrast key facts about BlackRock Intermediate Muni Income Bond ETF (INMU) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
INMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021. 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: INMU or VWAHX.
Key characteristics
| INMU | VWAHX | |
|---|---|---|
| YTD Return | 3.37% | 4.24% |
| 1Y Return | 8.13% | 10.86% |
| 3Y Return (Ann) | 0.50% | 0.02% |
| Sharpe Ratio | 2.12 | 2.29 |
| Daily Std Dev | 3.81% | 4.70% |
| Max Drawdown | -10.67% | -17.32% |
| Current Drawdown | -0.50% | -0.52% |
Correlation
The correlation between INMU and VWAHX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
INMU vs. VWAHX - Performance Comparison
In the year-to-date period, INMU achieves a 3.37% return, which is significantly lower than VWAHX's 4.24% 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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INMU vs. VWAHX - Expense Ratio Comparison
INMU has a 0.30% expense ratio, which is higher than VWAHX's 0.17% expense ratio.
Risk-Adjusted Performance
INMU vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Intermediate Muni Income Bond ETF (INMU) 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
INMU vs. VWAHX - Dividend Comparison
INMU's dividend yield for the trailing twelve months is around 3.43%, less than VWAHX's 3.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INMU BlackRock Intermediate Muni Income Bond ETF | 3.43% | 3.44% | 1.92% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.62% | 3.51% | 3.36% | 3.47% | 3.32% | 3.67% | 3.77% | 3.67% | 3.75% | 3.69% | 3.78% | 4.12% |
Drawdowns
INMU vs. VWAHX - Drawdown Comparison
The maximum INMU drawdown since its inception was -10.67%, smaller than the maximum VWAHX drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for INMU and VWAHX. For additional features, visit the drawdowns tool.
Volatility
INMU vs. VWAHX - Volatility Comparison
BlackRock Intermediate Muni Income Bond ETF (INMU) has a higher volatility of 0.90% compared to Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) at 0.51%. This indicates that INMU's price experiences larger fluctuations and is considered to be riskier than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.