VMLTX vs. VWIUX
Compare and contrast key facts about Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX).
VMLTX is managed by Vanguard. It was launched on Aug 31, 1987. VWIUX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMLTX or VWIUX.
Key characteristics
| VMLTX | VWIUX | |
|---|---|---|
| YTD Return | 2.52% | 1.44% |
| 1Y Return | 5.28% | 6.66% |
| 3Y Return (Ann) | 1.23% | 0.10% |
| 5Y Return (Ann) | 1.58% | 1.48% |
| 10Y Return (Ann) | 1.61% | 2.32% |
| Sharpe Ratio | 3.22 | 2.36 |
| Sortino Ratio | 5.46 | 3.66 |
| Omega Ratio | 1.93 | 1.55 |
| Calmar Ratio | 2.83 | 1.02 |
| Martin Ratio | 16.73 | 9.16 |
| Ulcer Index | 0.32% | 0.74% |
| Daily Std Dev | 1.67% | 2.86% |
| Max Drawdown | -6.41% | -11.49% |
| Current Drawdown | -0.49% | -1.52% |
Correlation
The correlation between VMLTX and VWIUX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VMLTX vs. VWIUX - Performance Comparison
In the year-to-date period, VMLTX achieves a 2.52% return, which is significantly higher than VWIUX's 1.44% return. Over the past 10 years, VMLTX has underperformed VWIUX with an annualized return of 1.61%, while VWIUX has yielded a comparatively higher 2.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMLTX vs. VWIUX - Expense Ratio Comparison
VMLTX has a 0.17% expense ratio, which is higher than VWIUX's 0.09% 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. VWIUX - 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 Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX). 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. VWIUX - Dividend Comparison
VMLTX's dividend yield for the trailing twelve months is around 2.71%, less than VWIUX's 2.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMLTX Vanguard Limited-Term Tax-Exempt Fund Investor Shares | 2.71% | 2.30% | 1.57% | 1.23% | 1.63% | 1.87% | 1.82% | 1.55% | 1.53% | 1.51% | 1.61% | 1.67% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.78% | 2.79% | 2.50% | 2.16% | 2.40% | 2.68% | 2.89% | 2.83% | 2.92% | 2.97% | 3.13% | 3.27% |
Drawdowns
VMLTX vs. VWIUX - Drawdown Comparison
The maximum VMLTX drawdown since its inception was -6.41%, smaller than the maximum VWIUX drawdown of -11.49%. Use the drawdown chart below to compare losses from any high point for VMLTX and VWIUX. For additional features, visit the drawdowns tool.
Volatility
VMLTX vs. VWIUX - Volatility Comparison
The current volatility for Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) is 0.75%, while Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) has a volatility of 1.35%. This indicates that VMLTX experiences smaller price fluctuations and is considered to be less risky than VWIUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.