VOHIX vs. ELFTX
Compare and contrast key facts about Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Elfun Tax Exempt Income Fund (ELFTX).
VOHIX is managed by Vanguard. It was launched on Jun 18, 1990. ELFTX is managed by State Street. It was launched on Jan 1, 1980.
Performance
VOHIX vs. ELFTX - Performance Comparison
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VOHIX vs. ELFTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | -0.61% | 5.07% | 2.76% | 7.03% | -11.01% | 1.72% | 7.04% | 8.34% | 0.96% | 6.33% |
ELFTX Elfun Tax Exempt Income Fund | -0.57% | 3.29% | -0.14% | 4.27% | -8.97% | 0.87% | 4.50% | 7.13% | 0.91% | 4.72% |
Returns By Period
In the year-to-date period, VOHIX achieves a -0.61% return, which is significantly lower than ELFTX's -0.57% return. Over the past 10 years, VOHIX has outperformed ELFTX with an annualized return of 2.52%, while ELFTX has yielded a comparatively lower 1.40% annualized return.
VOHIX
- 1D
- 0.26%
- 1M
- -2.37%
- YTD
- -0.61%
- 6M
- 1.17%
- 1Y
- 4.09%
- 3Y*
- 3.71%
- 5Y*
- 0.96%
- 10Y*
- 2.52%
ELFTX
- 1D
- 0.20%
- 1M
- -2.20%
- YTD
- -0.57%
- 6M
- 1.05%
- 1Y
- 3.14%
- 3Y*
- 1.47%
- 5Y*
- -0.19%
- 10Y*
- 1.40%
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VOHIX vs. ELFTX - Expense Ratio Comparison
VOHIX has a 0.13% expense ratio, which is lower than ELFTX's 0.21% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VOHIX vs. ELFTX — Risk / Return Rank
VOHIX
ELFTX
VOHIX vs. ELFTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Elfun Tax Exempt Income Fund (ELFTX). 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.
| VOHIX | ELFTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.71 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.14 | 0.96 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.81 | +0.18 |
Martin ratioReturn relative to average drawdown | 3.15 | 2.44 | +0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VOHIX | ELFTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.71 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.05 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.36 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.71 | +0.55 |
Correlation
The correlation between VOHIX and ELFTX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VOHIX vs. ELFTX - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.63%, less than ELFTX's 3.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 3.63% | 4.43% | 3.92% | 3.05% | 2.73% | 2.78% | 3.39% | 3.93% | 3.51% | 3.70% | 3.75% | 3.84% |
ELFTX Elfun Tax Exempt Income Fund | 3.70% | 3.99% | 2.66% | 2.88% | 3.09% | 2.61% | 3.24% | 3.78% | 4.09% | 4.00% | 4.00% | 3.82% |
Drawdowns
VOHIX vs. ELFTX - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -16.81%, smaller than the maximum ELFTX drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for VOHIX and ELFTX.
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Drawdown Indicators
| VOHIX | ELFTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.81% | -19.15% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -5.23% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -13.59% | -3.22% |
Max Drawdown (10Y)Largest decline over 10 years | -16.81% | -13.59% | -3.22% |
Current DrawdownCurrent decline from peak | -2.70% | -3.24% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -3.42% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.74% | -0.04% |
Volatility
VOHIX vs. ELFTX - Volatility Comparison
Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) has a higher volatility of 1.29% compared to Elfun Tax Exempt Income Fund (ELFTX) at 1.09%. This indicates that VOHIX's price experiences larger fluctuations and is considered to be riskier than ELFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOHIX | ELFTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.09% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 1.66% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 5.11% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 3.86% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.61% | 3.84% | +0.77% |