MDXBX vs. VWLUX
Compare and contrast key facts about T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX).
MDXBX is managed by T. Rowe Price. It was launched on Mar 30, 1987. VWLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
MDXBX vs. VWLUX - Performance Comparison
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MDXBX vs. VWLUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDXBX T. Rowe Price Maryland Tax Free Bond Fund | 0.25% | 6.50% | 2.93% | 7.18% | -10.37% | 3.07% | 4.05% | 6.89% | 0.83% | 4.91% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | -0.40% | 4.90% | 2.54% | 7.65% | -10.35% | 1.89% | 6.29% | 8.87% | 0.99% | 6.56% |
Returns By Period
In the year-to-date period, MDXBX achieves a 0.25% return, which is significantly higher than VWLUX's -0.40% return. Over the past 10 years, MDXBX has underperformed VWLUX with an annualized return of 2.43%, while VWLUX has yielded a comparatively higher 2.62% annualized return.
MDXBX
- 1D
- 0.30%
- 1M
- -2.06%
- YTD
- 0.25%
- 6M
- 2.88%
- 1Y
- 7.06%
- 3Y*
- 4.54%
- 5Y*
- 1.66%
- 10Y*
- 2.43%
VWLUX
- 1D
- 0.37%
- 1M
- -2.28%
- YTD
- -0.40%
- 6M
- 1.21%
- 1Y
- 4.08%
- 3Y*
- 3.82%
- 5Y*
- 1.18%
- 10Y*
- 2.62%
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MDXBX vs. VWLUX - Expense Ratio Comparison
MDXBX has a 0.49% expense ratio, which is higher than VWLUX's 0.09% expense ratio.
Return for Risk
MDXBX vs. VWLUX — Risk / Return Rank
MDXBX
VWLUX
MDXBX vs. VWLUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX). 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.
| MDXBX | VWLUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.84 | +0.57 |
Sortino ratioReturn per unit of downside risk | 1.89 | 1.14 | +0.76 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.01 | +0.57 |
Martin ratioReturn relative to average drawdown | 5.59 | 3.17 | +2.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDXBX | VWLUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.84 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.26 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.59 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.97 | +0.21 |
Correlation
The correlation between MDXBX and VWLUX is 0.90, 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.
Dividends
MDXBX vs. VWLUX - Dividend Comparison
MDXBX's dividend yield for the trailing twelve months is around 6.47%, more than VWLUX's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDXBX T. Rowe Price Maryland Tax Free Bond Fund | 6.47% | 6.08% | 3.28% | 3.51% | 2.40% | 2.30% | 2.65% | 2.82% | 3.17% | 3.28% | 3.42% | 3.61% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.78% | 4.61% | 4.08% | 3.17% | 3.00% | 2.70% | 3.32% | 3.91% | 3.58% | 3.80% | 4.09% | 3.87% |
Drawdowns
MDXBX vs. VWLUX - Drawdown Comparison
The maximum MDXBX drawdown since its inception was -15.38%, roughly equal to the maximum VWLUX drawdown of -15.94%. Use the drawdown chart below to compare losses from any high point for MDXBX and VWLUX.
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Drawdown Indicators
| MDXBX | VWLUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.38% | -15.94% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -5.36% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -14.97% | -15.94% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -14.97% | -15.94% | +0.97% |
Current DrawdownCurrent decline from peak | -2.34% | -2.54% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -2.09% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.71% | -0.28% |
Volatility
MDXBX vs. VWLUX - Volatility Comparison
T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) have volatilities of 1.22% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDXBX | VWLUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.24% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 1.90% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.30% | 5.43% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 4.56% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.90% | 4.49% | -0.59% |