VMLUX vs. VONE
Compare and contrast key facts about Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) and Vanguard Russell 1000 ETF (VONE).
VMLUX is managed by Vanguard. It was launched on Feb 12, 2001. VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMLUX or VONE.
Key characteristics
| VMLUX | VONE | |
|---|---|---|
| YTD Return | 2.74% | 18.21% |
| 1Y Return | 5.79% | 27.93% |
| 3Y Return (Ann) | 1.28% | 8.86% |
| 5Y Return (Ann) | 1.75% | 14.90% |
| 10Y Return (Ann) | 1.73% | 12.51% |
| Sharpe Ratio | 3.28 | 2.15 |
| Daily Std Dev | 1.76% | 12.85% |
| Max Drawdown | -6.41% | -34.67% |
| Current Drawdown | 0.00% | -0.41% |
Correlation
The correlation between VMLUX and VONE is -0.06. 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
VMLUX vs. VONE - Performance Comparison
In the year-to-date period, VMLUX achieves a 2.74% return, which is significantly lower than VONE's 18.21% return. Over the past 10 years, VMLUX has underperformed VONE with an annualized return of 1.73%, while VONE has yielded a comparatively higher 12.51% 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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VMLUX vs. VONE - Expense Ratio Comparison
VMLUX has a 0.09% expense ratio, which is higher than VONE'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
VMLUX vs. VONE - 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 Russell 1000 ETF (VONE). 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
VMLUX vs. VONE - Dividend Comparison
VMLUX's dividend yield for the trailing twelve months is around 2.70%, more than VONE's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 2.70% | 2.38% | 1.64% | 1.29% | 1.70% | 1.94% | 1.88% | 1.64% | 1.64% | 1.59% | 1.68% | 1.75% |
VONE Vanguard Russell 1000 ETF | 1.25% | 1.40% | 1.59% | 1.16% | 1.45% | 1.65% | 1.96% | 1.69% | 1.89% | 1.89% | 1.68% | 1.70% |
Drawdowns
VMLUX vs. VONE - Drawdown Comparison
The maximum VMLUX drawdown since its inception was -6.41%, smaller than the maximum VONE drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for VMLUX and VONE. For additional features, visit the drawdowns tool.
Volatility
VMLUX vs. VONE - Volatility Comparison
The current volatility for Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) is 0.29%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 3.88%. This indicates that VMLUX experiences smaller price fluctuations and is considered to be less risky than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.