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 Global Advisors. It was launched on Jan 1, 1980.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOHIX or ELFTX.
Key characteristics
| VOHIX | ELFTX | |
|---|---|---|
| YTD Return | 2.21% | 1.14% |
| 1Y Return | 10.04% | 6.35% |
| 3Y Return (Ann) | -0.96% | -0.78% |
| 5Y Return (Ann) | 1.07% | 0.86% |
| 10Y Return (Ann) | 2.35% | 2.06% |
| Sharpe Ratio | 2.40 | 1.79 |
| Sortino Ratio | 3.63 | 2.64 |
| Omega Ratio | 1.55 | 1.40 |
| Calmar Ratio | 0.82 | 0.72 |
| Martin Ratio | 10.02 | 7.12 |
| Ulcer Index | 1.01% | 0.89% |
| Daily Std Dev | 4.22% | 3.54% |
| Max Drawdown | -17.45% | -14.59% |
| Current Drawdown | -3.59% | -3.11% |
Correlation
The correlation between VOHIX and ELFTX is 0.86, 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.
Performance
VOHIX vs. ELFTX - Performance Comparison
In the year-to-date period, VOHIX achieves a 2.21% return, which is significantly higher than ELFTX's 1.14% return. Over the past 10 years, VOHIX has outperformed ELFTX with an annualized return of 2.35%, while ELFTX has yielded a comparatively lower 2.06% 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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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%.
Risk-Adjusted Performance
VOHIX vs. ELFTX - Risk-Adjusted Performance 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.
Dividends
VOHIX vs. ELFTX - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.29%, less than ELFTX's 3.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 3.29% | 3.06% | 2.74% | 2.42% | 2.66% | 3.00% | 3.28% | 3.19% | 3.30% | 3.38% | 3.51% | 3.85% |
ELFTX Elfun Tax Exempt Income Fund | 3.65% | 3.84% | 3.71% | 3.13% | 3.52% | 3.80% | 4.09% | 4.00% | 4.00% | 3.91% | 3.95% | 4.33% |
Drawdowns
VOHIX vs. ELFTX - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -17.45%, which is greater than ELFTX's maximum drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for VOHIX and ELFTX. For additional features, visit the drawdowns tool.
Volatility
VOHIX vs. ELFTX - Volatility Comparison
Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) has a higher volatility of 2.04% compared to Elfun Tax Exempt Income Fund (ELFTX) at 1.90%. 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.