VMLTX vs. VSMSX
Compare and contrast key facts about Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX).
VMLTX is managed by Vanguard. It was launched on Aug 31, 1987. VSMSX is managed by Vanguard. It was launched on Apr 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMLTX or VSMSX.
Correlation
The correlation between VMLTX and VSMSX is -0.05. 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. VSMSX - Performance Comparison
Key characteristics
VMLTX:
1.98
VSMSX:
0.10
VMLTX:
2.96
VSMSX:
0.29
VMLTX:
1.47
VSMSX:
1.03
VMLTX:
3.27
VSMSX:
0.13
VMLTX:
8.47
VSMSX:
0.40
VMLTX:
0.39%
VSMSX:
4.96%
VMLTX:
1.67%
VSMSX:
19.26%
VMLTX:
-6.41%
VSMSX:
-44.42%
VMLTX:
-0.18%
VSMSX:
-14.97%
Returns By Period
In the year-to-date period, VMLTX achieves a 0.79% return, which is significantly higher than VSMSX's -6.91% return. Over the past 10 years, VMLTX has underperformed VSMSX with an annualized return of 1.70%, while VSMSX has yielded a comparatively higher 8.06% annualized return.
VMLTX
0.79%
0.18%
1.03%
3.20%
1.36%
1.70%
VSMSX
-6.91%
-9.30%
-3.23%
2.13%
10.32%
8.06%
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VMLTX vs. VSMSX - Expense Ratio Comparison
VMLTX has a 0.17% expense ratio, which is higher than VSMSX's 0.08% 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. VSMSX — Risk-Adjusted Performance Rank
VMLTX
VSMSX
VMLTX vs. VSMSX - 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 S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX). 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. VSMSX - Dividend Comparison
VMLTX's dividend yield for the trailing twelve months is around 2.58%, more than VSMSX's 1.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMLTX Vanguard Limited-Term Tax-Exempt Fund Investor Shares | 2.58% | 2.79% | 2.30% | 1.57% | 1.23% | 1.63% | 1.87% | 1.82% | 1.55% | 1.53% | 1.51% | 1.61% |
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 1.59% | 1.49% | 1.49% | 1.52% | 1.17% | 1.10% | 1.38% | 1.39% | 1.11% | 1.00% | 1.33% | 1.11% |
Drawdowns
VMLTX vs. VSMSX - Drawdown Comparison
The maximum VMLTX drawdown since its inception was -6.41%, smaller than the maximum VSMSX drawdown of -44.42%. Use the drawdown chart below to compare losses from any high point for VMLTX and VSMSX. For additional features, visit the drawdowns tool.
Volatility
VMLTX vs. VSMSX - Volatility Comparison
The current volatility for Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) is 0.47%, while Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) has a volatility of 5.03%. This indicates that VMLTX experiences smaller price fluctuations and is considered to be less risky than VSMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.