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

Correlation

The correlation between VMLUX and VONE 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.


-0.50.00.51.0-0.1

Performance

VMLUX vs. VONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) and Vanguard Russell 1000 ETF (VONE). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
1.86%
10.51%
VMLUX
VONE

Key characteristics

Sharpe Ratio

VMLUX:

1.62

VONE:

2.11

Sortino Ratio

VMLUX:

2.49

VONE:

2.81

Omega Ratio

VMLUX:

1.40

VONE:

1.39

Calmar Ratio

VMLUX:

2.68

VONE:

3.09

Martin Ratio

VMLUX:

7.48

VONE:

13.58

Ulcer Index

VMLUX:

0.36%

VONE:

1.95%

Daily Std Dev

VMLUX:

1.66%

VONE:

12.57%

Max Drawdown

VMLUX:

-6.41%

VONE:

-34.67%

Current Drawdown

VMLUX:

-0.91%

VONE:

-2.69%

Returns By Period

In the year-to-date period, VMLUX achieves a 2.37% return, which is significantly lower than VONE's 25.78% return. Over the past 10 years, VMLUX has underperformed VONE with an annualized return of 1.69%, while VONE has yielded a comparatively higher 12.76% annualized return.


VMLUX

YTD

2.37%

1M

-0.21%

6M

1.85%

1Y

2.69%

5Y*

1.52%

10Y*

1.69%

VONE

YTD

25.78%

1M

-0.64%

6M

10.51%

1Y

26.30%

5Y*

14.56%

10Y*

12.76%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%.


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 VONE: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

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.


Sharpe ratio
The chart of Sharpe ratio for VMLUX, currently valued at 1.62, compared to the broader market-1.000.001.002.003.004.001.622.11
The chart of Sortino ratio for VMLUX, currently valued at 2.49, compared to the broader market-2.000.002.004.006.008.0010.002.492.81
The chart of Omega ratio for VMLUX, currently valued at 1.40, compared to the broader market0.501.001.502.002.503.003.501.401.39
The chart of Calmar ratio for VMLUX, currently valued at 2.68, compared to the broader market0.002.004.006.008.0010.0012.0014.002.683.09
The chart of Martin ratio for VMLUX, currently valued at 7.48, compared to the broader market0.0020.0040.0060.007.4813.58
VMLUX
VONE

The current VMLUX Sharpe Ratio is 1.62, which is comparable to the VONE Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of VMLUX and VONE, 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 Ratio1.001.502.002.503.003.504.004.50JulyAugustSeptemberOctoberNovemberDecember
1.62
2.11
VMLUX
VONE

Dividends

VMLUX vs. VONE - Dividend Comparison

VMLUX's dividend yield for the trailing twelve months is around 2.85%, more than VONE's 0.87% yield.


TTM20232022202120202019201820172016201520142013
VMLUX
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares
2.85%2.39%1.64%1.29%1.70%1.96%1.90%1.66%1.64%1.59%1.68%1.75%
VONE
Vanguard Russell 1000 ETF
0.87%1.40%1.59%1.16%1.45%1.66%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.91%
-2.69%
VMLUX
VONE

Volatility

VMLUX vs. VONE - Volatility Comparison

The current volatility for Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) is 0.64%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 3.85%. 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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
0.64%
3.85%
VMLUX
VONE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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