VFSIX vs. VWSTX
Compare and contrast key facts about Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) and Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX).
VFSIX is managed by Vanguard. It was launched on Sep 30, 1997. VWSTX is managed by Vanguard. It was launched on Sep 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFSIX or VWSTX.
Correlation
The correlation between VFSIX and VWSTX is 0.36, 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
VFSIX vs. VWSTX - Performance Comparison
Key characteristics
VFSIX:
2.35
VWSTX:
2.96
VFSIX:
3.79
VWSTX:
6.40
VFSIX:
1.48
VWSTX:
2.15
VFSIX:
3.81
VWSTX:
6.73
VFSIX:
11.46
VWSTX:
23.10
VFSIX:
0.54%
VWSTX:
0.15%
VFSIX:
2.64%
VWSTX:
1.15%
VFSIX:
-9.54%
VWSTX:
-3.08%
VFSIX:
0.00%
VWSTX:
-0.06%
Returns By Period
In the year-to-date period, VFSIX achieves a 0.67% return, which is significantly higher than VWSTX's 0.25% return. Over the past 10 years, VFSIX has outperformed VWSTX with an annualized return of 2.28%, while VWSTX has yielded a comparatively lower 1.40% annualized return.
VFSIX
0.67%
0.67%
1.82%
6.11%
1.89%
2.28%
VWSTX
0.25%
0.19%
1.23%
3.33%
1.60%
1.40%
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VFSIX vs. VWSTX - Expense Ratio Comparison
VFSIX has a 0.07% expense ratio, which is lower than VWSTX's 0.17% 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
VFSIX vs. VWSTX — Risk-Adjusted Performance Rank
VFSIX
VWSTX
VFSIX vs. VWSTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) and Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX). 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
VFSIX vs. VWSTX - Dividend Comparison
VFSIX's dividend yield for the trailing twelve months is around 4.24%, more than VWSTX's 2.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFSIX Vanguard Short-Term Investment-Grade Fund Institutional Shares | 4.24% | 4.18% | 3.17% | 2.06% | 1.76% | 2.37% | 2.95% | 2.81% | 2.12% | 2.08% | 2.09% | 2.02% |
VWSTX Vanguard Short-Term Tax-Exempt Fund Investor Shares | 2.95% | 3.20% | 2.42% | 1.16% | 0.62% | 1.17% | 1.59% | 1.44% | 1.06% | 0.87% | 0.70% | 0.71% |
Drawdowns
VFSIX vs. VWSTX - Drawdown Comparison
The maximum VFSIX drawdown since its inception was -9.54%, which is greater than VWSTX's maximum drawdown of -3.08%. Use the drawdown chart below to compare losses from any high point for VFSIX and VWSTX. For additional features, visit the drawdowns tool.
Volatility
VFSIX vs. VWSTX - Volatility Comparison
Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) has a higher volatility of 0.66% compared to Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) at 0.17%. This indicates that VFSIX's price experiences larger fluctuations and is considered to be riskier than VWSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.