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VMLUX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VMLUXBND
YTD Return2.60%2.40%
1Y Return5.39%8.91%
3Y Return (Ann)1.32%-2.38%
5Y Return (Ann)1.66%0.01%
10Y Return (Ann)1.70%1.50%
Sharpe Ratio3.251.38
Sortino Ratio5.562.03
Omega Ratio1.951.24
Calmar Ratio3.170.51
Martin Ratio17.204.99
Ulcer Index0.32%1.62%
Daily Std Dev1.69%5.85%
Max Drawdown-6.41%-18.84%
Current Drawdown-0.48%-8.44%

Correlation

-0.50.00.51.00.3

The correlation between VMLUX and BND is 0.33, 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

VMLUX vs. BND - Performance Comparison

In the year-to-date period, VMLUX achieves a 2.60% return, which is significantly higher than BND's 2.40% return. Over the past 10 years, VMLUX has outperformed BND with an annualized return of 1.70%, while BND has yielded a comparatively lower 1.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
2.31%
4.29%
VMLUX
BND

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VMLUX vs. BND - Expense Ratio Comparison

VMLUX has a 0.09% 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%.


VMLUX
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares
Expense ratio chart for VMLUX: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

VMLUX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) 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.


VMLUX
Sharpe ratio
The chart of Sharpe ratio for VMLUX, currently valued at 3.25, compared to the broader market0.002.004.003.25
Sortino ratio
The chart of Sortino ratio for VMLUX, currently valued at 5.56, compared to the broader market0.005.0010.005.56
Omega ratio
The chart of Omega ratio for VMLUX, currently valued at 1.95, compared to the broader market1.002.003.004.001.95
Calmar ratio
The chart of Calmar ratio for VMLUX, currently valued at 3.17, compared to the broader market0.005.0010.0015.0020.0025.003.17
Martin ratio
The chart of Martin ratio for VMLUX, currently valued at 17.20, compared to the broader market0.0020.0040.0060.0080.00100.0017.20
BND
Sharpe ratio
The chart of Sharpe ratio for BND, currently valued at 1.38, compared to the broader market0.002.004.001.38
Sortino ratio
The chart of Sortino ratio for BND, currently valued at 2.03, compared to the broader market0.005.0010.002.03
Omega ratio
The chart of Omega ratio for BND, currently valued at 1.24, compared to the broader market1.002.003.004.001.24
Calmar ratio
The chart of Calmar ratio for BND, currently valued at 0.51, compared to the broader market0.005.0010.0015.0020.0025.000.51
Martin ratio
The chart of Martin ratio for BND, currently valued at 4.99, compared to the broader market0.0020.0040.0060.0080.00100.004.99

VMLUX vs. BND - Sharpe Ratio Comparison

The current VMLUX Sharpe Ratio is 3.25, which is higher than the BND Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of VMLUX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.25
1.38
VMLUX
BND

Dividends

VMLUX vs. BND - Dividend Comparison

VMLUX's dividend yield for the trailing twelve months is around 2.81%, less than BND's 3.55% yield.


TTM20232022202120202019201820172016201520142013
VMLUX
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares
2.81%2.39%1.64%1.29%1.70%1.96%1.90%1.66%1.64%1.59%1.68%1.75%
BND
Vanguard Total Bond Market ETF
3.55%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

VMLUX vs. BND - Drawdown Comparison

The maximum VMLUX 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 VMLUX and BND. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.48%
-8.44%
VMLUX
BND

Volatility

VMLUX vs. BND - Volatility Comparison

The current volatility for Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) is 0.75%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.67%. This indicates that VMLUX 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.


0.50%1.00%1.50%JuneJulyAugustSeptemberOctoberNovember
0.75%
1.67%
VMLUX
BND