PortfoliosLab logo
VMLUX vs. VTEAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VMLUX and VTEAX is -0.01. 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
Correlation: -0.0

Performance

VMLUX vs. VTEAX - 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 Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). The values are adjusted to include any dividend payments, if applicable.

16.00%18.00%20.00%22.00%24.00%NovemberDecember2025FebruaryMarchApril
17.80%
20.40%
VMLUX
VTEAX

Key characteristics

Sharpe Ratio

VMLUX:

1.30

VTEAX:

0.11

Sortino Ratio

VMLUX:

1.80

VTEAX:

0.18

Omega Ratio

VMLUX:

1.33

VTEAX:

1.03

Calmar Ratio

VMLUX:

1.53

VTEAX:

0.10

Martin Ratio

VMLUX:

6.26

VTEAX:

0.40

Ulcer Index

VMLUX:

0.49%

VTEAX:

1.39%

Daily Std Dev

VMLUX:

2.38%

VTEAX:

4.95%

Max Drawdown

VMLUX:

-6.41%

VTEAX:

-12.74%

Current Drawdown

VMLUX:

-1.28%

VTEAX:

-3.63%

Returns By Period

In the year-to-date period, VMLUX achieves a 0.10% return, which is significantly higher than VTEAX's -2.06% return.


VMLUX

YTD

0.10%

1M

-0.58%

6M

0.66%

1Y

3.08%

5Y*

1.72%

10Y*

1.68%

VTEAX

YTD

-2.06%

1M

-1.65%

6M

-1.35%

1Y

0.60%

5Y*

0.84%

10Y*

N/A

*Annualized

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. VTEAX - Expense Ratio Comparison

Both VMLUX and VTEAX have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Expense ratio chart for VMLUX: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VMLUX: 0.09%
Expense ratio chart for VTEAX: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VTEAX: 0.09%

Risk-Adjusted Performance

VMLUX vs. VTEAX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VMLUX
The Risk-Adjusted Performance Rank of VMLUX is 8787
Overall Rank
The Sharpe Ratio Rank of VMLUX is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of VMLUX is 8484
Sortino Ratio Rank
The Omega Ratio Rank of VMLUX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of VMLUX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of VMLUX is 8989
Martin Ratio Rank

VTEAX
The Risk-Adjusted Performance Rank of VTEAX is 3131
Overall Rank
The Sharpe Ratio Rank of VTEAX is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEAX is 2828
Sortino Ratio Rank
The Omega Ratio Rank of VTEAX is 3030
Omega Ratio Rank
The Calmar Ratio Rank of VTEAX is 3434
Calmar Ratio Rank
The Martin Ratio Rank of VTEAX is 3333
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VMLUX vs. VTEAX - 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 Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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.


The chart of Sharpe ratio for VMLUX, currently valued at 1.30, compared to the broader market-1.000.001.002.003.00
VMLUX: 1.30
VTEAX: 0.11
The chart of Sortino ratio for VMLUX, currently valued at 1.80, compared to the broader market-2.000.002.004.006.008.00
VMLUX: 1.80
VTEAX: 0.18
The chart of Omega ratio for VMLUX, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.00
VMLUX: 1.33
VTEAX: 1.03
The chart of Calmar ratio for VMLUX, currently valued at 1.53, compared to the broader market0.002.004.006.008.0010.00
VMLUX: 1.53
VTEAX: 0.10
The chart of Martin ratio for VMLUX, currently valued at 6.26, compared to the broader market0.0010.0020.0030.0040.0050.00
VMLUX: 6.26
VTEAX: 0.40

The current VMLUX Sharpe Ratio is 1.30, which is higher than the VTEAX Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of VMLUX and VTEAX, 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 Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.30
0.11
VMLUX
VTEAX

Dividends

VMLUX vs. VTEAX - Dividend Comparison

VMLUX's dividend yield for the trailing twelve months is around 2.96%, less than VTEAX's 3.23% yield.


TTM20242023202220212020201920182017201620152014
VMLUX
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares
2.96%2.87%2.38%1.64%1.29%1.70%1.94%1.88%1.64%1.64%1.59%1.68%
VTEAX
Vanguard Tax-Exempt Bond Index Fund Admiral Shares
3.23%3.11%2.75%2.06%1.61%1.97%2.28%2.24%1.95%1.67%0.59%0.00%

Drawdowns

VMLUX vs. VTEAX - Drawdown Comparison

The maximum VMLUX drawdown since its inception was -6.41%, smaller than the maximum VTEAX drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for VMLUX and VTEAX. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.28%
-3.63%
VMLUX
VTEAX

Volatility

VMLUX vs. VTEAX - Volatility Comparison

The current volatility for Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) is 1.75%, while Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) has a volatility of 3.88%. This indicates that VMLUX experiences smaller price fluctuations and is considered to be less risky than VTEAX 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%NovemberDecember2025FebruaryMarchApril
1.75%
3.88%
VMLUX
VTEAX