VMLUX vs. VTEAX

In the year-to-date period, VMLUX achieves a 0.56% return, which is significantly higher than VTEAX's -1.09% return.

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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%.

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 current VMLUX Sharpe Ratio is 1.29, which is higher than the VTEAX Sharpe Ratio of 0.14. 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.

VMLUX's dividend yield for the trailing twelve months is around 2.71%, less than VTEAX's 3.22% yield.

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.