VMLUX vs. VWSUX
Compare and contrast key facts about Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) and Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX).
VMLUX is managed by Vanguard. It was launched on Feb 12, 2001. VWSUX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMLUX or VWSUX.
Key characteristics
| VMLUX | VWSUX | |
|---|---|---|
| YTD Return | 2.60% | 2.84% |
| 1Y Return | 5.39% | 4.63% |
| 3Y Return (Ann) | 1.32% | 2.01% |
| 5Y Return (Ann) | 1.66% | 1.71% |
| 10Y Return (Ann) | 1.70% | 1.44% |
| Sharpe Ratio | 3.25 | 3.84 |
| Sortino Ratio | 5.56 | 9.23 |
| Omega Ratio | 1.95 | 2.55 |
| Calmar Ratio | 3.17 | 9.16 |
| Martin Ratio | 17.20 | 31.89 |
| Ulcer Index | 0.32% | 0.15% |
| Daily Std Dev | 1.69% | 1.21% |
| Max Drawdown | -6.41% | -3.08% |
| Current Drawdown | -0.48% | -0.10% |
Correlation
The correlation between VMLUX and VWSUX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VMLUX vs. VWSUX - Performance Comparison
In the year-to-date period, VMLUX achieves a 2.60% return, which is significantly lower than VWSUX's 2.84% return. Over the past 10 years, VMLUX has outperformed VWSUX with an annualized return of 1.70%, while VWSUX has yielded a comparatively lower 1.44% 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. VWSUX - Expense Ratio Comparison
Both VMLUX and VWSUX 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%.
Risk-Adjusted Performance
VMLUX vs. VWSUX - 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 Short-Term Tax-Exempt Fund Admiral Shares (VWSUX). 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. VWSUX - Dividend Comparison
VMLUX's dividend yield for the trailing twelve months is around 2.81%, less than VWSUX's 3.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VWSUX Vanguard Short-Term Tax-Exempt Fund Admiral Shares | 3.23% | 2.50% | 1.23% | 0.71% | 1.26% | 1.67% | 1.53% | 1.16% | 0.97% | 0.78% | 0.79% | 0.93% |
Drawdowns
VMLUX vs. VWSUX - Drawdown Comparison
The maximum VMLUX drawdown since its inception was -6.41%, which is greater than VWSUX's maximum drawdown of -3.08%. Use the drawdown chart below to compare losses from any high point for VMLUX and VWSUX. For additional features, visit the drawdowns tool.
Volatility
VMLUX vs. VWSUX - Volatility Comparison
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) has a higher volatility of 0.75% compared to Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) at 0.44%. This indicates that VMLUX's price experiences larger fluctuations and is considered to be riskier than VWSUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.