Correlation
The correlation between VMLTX and VWAHX is 0.00, 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.
VMLTX vs. VWAHX
Compare and contrast key facts about Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
VMLTX is managed by Vanguard. It was launched on Aug 31, 1987. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMLTX or VWAHX.
Performance
VMLTX vs. VWAHX - Performance Comparison
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Key characteristics
VMLTX:
1.73
VWAHX:
0.27
VMLTX:
2.34
VWAHX:
0.29
VMLTX:
1.43
VWAHX:
1.05
VMLTX:
1.98
VWAHX:
0.18
VMLTX:
7.62
VWAHX:
0.58
VMLTX:
0.52%
VWAHX:
2.09%
VMLTX:
2.38%
VWAHX:
6.24%
VMLTX:
-6.41%
VWAHX:
-17.31%
VMLTX:
-0.39%
VWAHX:
-4.23%
Returns By Period
In the year-to-date period, VMLTX achieves a 0.99% return, which is significantly higher than VWAHX's -2.30% return. Over the past 10 years, VMLTX has underperformed VWAHX with an annualized return of 1.76%, while VWAHX has yielded a comparatively higher 2.85% annualized return.
VMLTX
0.99%
0.28%
0.59%
4.09%
2.67%
1.54%
1.76%
VWAHX
-2.30%
-0.87%
-3.79%
1.70%
1.91%
1.56%
2.85%
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VMLTX vs. VWAHX - Expense Ratio Comparison
Both VMLTX and VWAHX have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VMLTX vs. VWAHX — Risk-Adjusted Performance Rank
VMLTX
VWAHX
VMLTX vs. VWAHX - 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 High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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. VWAHX - Dividend Comparison
VMLTX's dividend yield for the trailing twelve months is around 2.90%, less than VWAHX's 3.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMLTX Vanguard Limited-Term Tax-Exempt Fund Investor Shares | 2.90% | 2.79% | 2.30% | 1.57% | 1.23% | 1.63% | 1.87% | 1.82% | 1.55% | 1.53% | 1.51% | 1.61% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.94% | 3.75% | 3.53% | 3.37% | 3.48% | 3.32% | 3.68% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% |
Drawdowns
VMLTX vs. VWAHX - Drawdown Comparison
The maximum VMLTX drawdown since its inception was -6.41%, smaller than the maximum VWAHX drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for VMLTX and VWAHX.
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Volatility
VMLTX vs. VWAHX - Volatility Comparison
The current volatility for Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) is 0.34%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 0.83%. This indicates that VMLTX experiences smaller price fluctuations and is considered to be less risky than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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