VMATX vs. VWLTX
Compare and contrast key facts about Vanguard Massachusetts Tax-Exempt Fund (VMATX) and Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX).
VMATX is managed by Vanguard. It was launched on Dec 9, 1998. VWLTX 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: VMATX or VWLTX.
Correlation
The correlation between VMATX and VWLTX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VMATX vs. VWLTX - Performance Comparison
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Key characteristics
VMATX:
0.03
VWLTX:
0.06
VMATX:
0.10
VWLTX:
0.12
VMATX:
1.02
VWLTX:
1.02
VMATX:
0.03
VWLTX:
0.05
VMATX:
0.13
VWLTX:
0.19
VMATX:
2.00%
VWLTX:
1.93%
VMATX:
6.18%
VWLTX:
5.94%
VMATX:
-16.24%
VWLTX:
-16.02%
VMATX:
-4.81%
VWLTX:
-3.78%
Returns By Period
In the year-to-date period, VMATX achieves a -1.90% return, which is significantly lower than VWLTX's -1.72% return. Over the past 10 years, VMATX has underperformed VWLTX with an annualized return of 2.04%, while VWLTX has yielded a comparatively higher 2.51% annualized return.
VMATX
-1.90%
0.72%
-1.83%
0.27%
0.55%
2.04%
VWLTX
-1.72%
0.76%
-1.79%
0.45%
1.17%
2.51%
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VMATX vs. VWLTX - Expense Ratio Comparison
VMATX has a 0.13% expense ratio, which is lower than VWLTX'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
VMATX vs. VWLTX — Risk-Adjusted Performance Rank
VMATX
VWLTX
VMATX vs. VWLTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Massachusetts Tax-Exempt Fund (VMATX) and Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX). 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.
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Dividends
VMATX vs. VWLTX - Dividend Comparison
VMATX's dividend yield for the trailing twelve months is around 3.27%, which matches VWLTX's 3.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMATX Vanguard Massachusetts Tax-Exempt Fund | 3.27% | 3.42% | 3.06% | 2.69% | 2.65% | 3.22% | 3.40% | 3.06% | 2.91% | 3.56% | 3.21% | 3.78% |
VWLTX Vanguard Long-Term Tax-Exempt Fund Investor Shares | 3.25% | 3.40% | 3.09% | 2.91% | 3.07% | 3.24% | 3.57% | 3.50% | 3.69% | 3.97% | 3.80% | 4.02% |
Drawdowns
VMATX vs. VWLTX - Drawdown Comparison
The maximum VMATX drawdown since its inception was -16.24%, roughly equal to the maximum VWLTX drawdown of -16.02%. Use the drawdown chart below to compare losses from any high point for VMATX and VWLTX. For additional features, visit the drawdowns tool.
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Volatility
VMATX vs. VWLTX - Volatility Comparison
Vanguard Massachusetts Tax-Exempt Fund (VMATX) has a higher volatility of 3.24% compared to Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) at 2.99%. This indicates that VMATX's price experiences larger fluctuations and is considered to be riskier than VWLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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