IRTR vs. VWALX
Compare and contrast key facts about Ishares Lifepath Retirement ETF (IRTR) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX).
IRTR is an actively managed fund by iShares. It was launched on Oct 17, 2023. VWALX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRTR or VWALX.
Key characteristics
| IRTR | VWALX | |
|---|---|---|
| YTD Return | 9.16% | 3.42% |
| 1Y Return | 17.48% | 11.14% |
| Sharpe Ratio | 2.85 | 2.65 |
| Sortino Ratio | 4.32 | 4.04 |
| Omega Ratio | 1.55 | 1.64 |
| Calmar Ratio | 5.37 | 0.96 |
| Martin Ratio | 17.88 | 13.16 |
| Ulcer Index | 1.02% | 0.85% |
| Daily Std Dev | 6.35% | 4.21% |
| Max Drawdown | -3.38% | -17.74% |
| Current Drawdown | -0.74% | -1.72% |
Correlation
The correlation between IRTR and VWALX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IRTR vs. VWALX - Performance Comparison
In the year-to-date period, IRTR achieves a 9.16% return, which is significantly higher than VWALX's 3.42% 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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IRTR vs. VWALX - Expense Ratio Comparison
IRTR has a 0.08% expense ratio, which is lower than VWALX's 0.09% expense ratio. Despite the difference, 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
IRTR vs. VWALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Retirement ETF (IRTR) 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.
Dividends
IRTR vs. VWALX - Dividend Comparison
IRTR's dividend yield for the trailing twelve months is around 2.99%, less than VWALX's 3.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRTR Ishares Lifepath Retirement ETF | 2.99% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWALX Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 3.78% | 3.59% | 3.44% | 2.93% | 3.16% | 3.44% | 3.84% | 3.77% | 3.88% | 3.75% | 3.83% | 4.19% |
Drawdowns
IRTR vs. VWALX - Drawdown Comparison
The maximum IRTR drawdown since its inception was -3.38%, smaller than the maximum VWALX drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for IRTR and VWALX. For additional features, visit the drawdowns tool.
Volatility
IRTR vs. VWALX - Volatility Comparison
The current volatility for Ishares Lifepath Retirement ETF (IRTR) is 1.63%, while Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) has a volatility of 2.02%. This indicates that IRTR experiences smaller price fluctuations and is considered to be less risky than VWALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.