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VMLTX vs. VBIAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

VMLTX vs. VBIAX

Last updated May 12, 2025

Compare and contrast key facts about Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX).

VMLTX is managed by Vanguard. It was launched on Aug 31, 1987. VBIAX is managed by Vanguard. It was launched on Nov 13, 2000.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMLTX or VBIAX.

Correlation

The correlation between VMLTX and VBIAX is -0.63. 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

VMLTX vs. VBIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

VMLTX:

0.85%

VBIAX:

5.24%

Max Drawdown

VMLTX:

0.00%

VBIAX:

-0.40%

Current Drawdown

VMLTX:

0.00%

VBIAX:

-0.02%

Returns By Period

VMLTX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

VBIAX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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VMLTX vs. VBIAX - Expense Ratio Comparison

VMLTX has a 0.17% expense ratio, which is higher than VBIAX's 0.07% 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%.

VMLTX
Vanguard Limited-Term Tax-Exempt Fund Investor Shares
VBIAX
Vanguard Balanced Index Fund Admiral Shares

Risk-Adjusted Performance

VMLTX vs. VBIAX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VMLTX
The Risk-Adjusted Performance Rank of VMLTX is 8888
Overall Rank
The Sharpe Ratio Rank of VMLTX is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of VMLTX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of VMLTX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of VMLTX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of VMLTX is 8888
Martin Ratio Rank
VBIAX
The Risk-Adjusted Performance Rank of VBIAX is 5959
Overall Rank
The Sharpe Ratio Rank of VBIAX is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of VBIAX is 5858
Sortino Ratio Rank
The Omega Ratio Rank of VBIAX is 5858
Omega Ratio Rank
The Calmar Ratio Rank of VBIAX is 6464
Calmar Ratio Rank
The Martin Ratio Rank of VBIAX is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VMLTX vs. VBIAX - 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 Balanced Index Fund Admiral Shares (VBIAX). 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

VMLTX vs. VBIAX - Dividend Comparison

VMLTX's dividend yield for the trailing twelve months is around 2.64%, less than VBIAX's 6.48% yield.

TTM20242023202220212020201920182017201620152014
VMLTX
Vanguard Limited-Term Tax-Exempt Fund Investor Shares		2.64%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VBIAX
Vanguard Balanced Index Fund Admiral Shares		6.48%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

VMLTX vs. VBIAX - Drawdown Comparison

The maximum VMLTX drawdown since its inception was 0.00%, smaller than the maximum VBIAX drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for VMLTX and VBIAX. For additional features, visit the drawdowns tool.

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Volatility

VMLTX vs. VBIAX - Volatility Comparison

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