VFIIX vs. VWAHX
Compare and contrast key facts about Vanguard GNMA Fund Investor Shares (VFIIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
VFIIX is managed by Vanguard. It was launched on Jun 27, 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: VFIIX or VWAHX.
Key characteristics
| VFIIX | VWAHX | |
|---|---|---|
| YTD Return | 1.66% | 3.35% |
| 1Y Return | 8.75% | 11.05% |
| 3Y Return (Ann) | -1.71% | -0.42% |
| 5Y Return (Ann) | -0.32% | 1.64% |
| 10Y Return (Ann) | 0.91% | 3.12% |
| Sharpe Ratio | 1.27 | 2.66 |
| Sortino Ratio | 1.85 | 4.05 |
| Omega Ratio | 1.23 | 1.64 |
| Calmar Ratio | 0.58 | 0.95 |
| Martin Ratio | 4.45 | 13.26 |
| Ulcer Index | 1.77% | 0.84% |
| Daily Std Dev | 6.22% | 4.20% |
| Max Drawdown | -16.10% | -17.82% |
| Current Drawdown | -5.80% | -1.95% |
Correlation
The correlation between VFIIX and VWAHX is 0.55, 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
VFIIX vs. VWAHX - Performance Comparison
In the year-to-date period, VFIIX achieves a 1.66% return, which is significantly lower than VWAHX's 3.35% return. Over the past 10 years, VFIIX has underperformed VWAHX with an annualized return of 0.91%, while VWAHX has yielded a comparatively higher 3.12% 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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VFIIX vs. VWAHX - Expense Ratio Comparison
VFIIX 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
VFIIX vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard GNMA Fund Investor Shares (VFIIX) 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
VFIIX vs. VWAHX - Dividend Comparison
VFIIX's dividend yield for the trailing twelve months is around 3.49%, less than VWAHX's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFIIX Vanguard GNMA Fund Investor Shares | 3.49% | 3.24% | 2.35% | 0.75% | 1.87% | 2.76% | 2.90% | 2.65% | 2.30% | 2.34% | 2.58% | 2.31% |
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
VFIIX vs. VWAHX - Drawdown Comparison
The maximum VFIIX drawdown since its inception was -16.10%, smaller than the maximum VWAHX drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for VFIIX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
VFIIX vs. VWAHX - Volatility Comparison
The current volatility for Vanguard GNMA Fund Investor Shares (VFIIX) is 1.61%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 2.02%. This indicates that VFIIX 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.