VMLTX vs. BND
Compare and contrast key facts about Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Vanguard Total Bond Market ETF (BND).
VMLTX is managed by Vanguard. It was launched on Aug 31, 1987. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMLTX or BND.
Correlation
The correlation between VMLTX and BND is 0.34, 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
VMLTX vs. BND - Performance Comparison
Key characteristics
VMLTX:
1.97
BND:
0.48
VMLTX:
3.02
BND:
0.70
VMLTX:
1.49
BND:
1.08
VMLTX:
3.28
BND:
0.19
VMLTX:
8.31
BND:
1.17
VMLTX:
0.40%
BND:
2.22%
VMLTX:
1.65%
BND:
5.36%
VMLTX:
-6.41%
BND:
-18.84%
VMLTX:
-0.30%
BND:
-8.81%
Returns By Period
In the year-to-date period, VMLTX achieves a 0.28% return, which is significantly lower than BND's 0.60% return. Over the past 10 years, VMLTX has outperformed BND with an annualized return of 1.57%, while BND has yielded a comparatively lower 1.17% annualized return.
VMLTX
0.28%
0.28%
1.03%
2.71%
1.39%
1.57%
BND
0.60%
0.60%
-1.28%
1.54%
-0.66%
1.17%
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VMLTX vs. BND - Expense Ratio Comparison
VMLTX has a 0.17% expense ratio, which is higher than BND's 0.03% 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
VMLTX vs. BND — Risk-Adjusted Performance Rank
VMLTX
BND
VMLTX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Vanguard Total Bond Market ETF (BND). 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
VMLTX vs. BND - Dividend Comparison
VMLTX's dividend yield for the trailing twelve months is around 2.57%, less than BND's 3.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMLTX Vanguard Limited-Term Tax-Exempt Fund Investor Shares | 2.57% | 2.79% | 2.30% | 1.57% | 1.23% | 1.63% | 1.87% | 1.82% | 1.55% | 1.53% | 1.51% | 1.61% |
BND Vanguard Total Bond Market ETF | 3.35% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
Drawdowns
VMLTX vs. BND - Drawdown Comparison
The maximum VMLTX drawdown since its inception was -6.41%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VMLTX and BND. For additional features, visit the drawdowns tool.
Volatility
VMLTX vs. BND - Volatility Comparison
The current volatility for Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) is 0.47%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.32%. This indicates that VMLTX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.