VOHIX vs. VBIAX
VOHIX (Vanguard Ohio Long-Term Tax-Exempt Fund) and VBIAX (Vanguard Balanced Index Fund Admiral Shares) are both mutual funds - VOHIX is a Municipal Bonds fund managed by Vanguard, while VBIAX is a Diversified Portfolio fund tracking the 60% CRSP US Total Market Index / 40% Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, VOHIX returned 2.61%/yr vs 9.83%/yr for VBIAX. At a correlation of -0.02, they often move in opposite directions. VOHIX charges 0.13%/yr vs 0.07%/yr for VBIAX.
Performance
VOHIX vs. VBIAX - Performance Comparison
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Returns By Period
In the year-to-date period, VOHIX achieves a 1.88% return, which is significantly lower than VBIAX's 7.35% return. Over the past 10 years, VOHIX has underperformed VBIAX with an annualized return of 2.61%, while VBIAX has yielded a comparatively higher 9.83% annualized return.
VOHIX
- 1D
- 0.26%
- 1M
- 0.91%
- YTD
- 1.88%
- 6M
- 2.28%
- 1Y
- 8.54%
- 3Y*
- 4.84%
- 5Y*
- 1.11%
- 10Y*
- 2.61%
VBIAX
- 1D
- 0.15%
- 1M
- 3.71%
- YTD
- 7.35%
- 6M
- 7.26%
- 1Y
- 19.35%
- 3Y*
- 15.04%
- 5Y*
- 8.01%
- 10Y*
- 9.83%
VOHIX vs. VBIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 1.88% | 5.07% | 2.76% | 7.03% | -11.01% | 1.72% | 7.04% | 8.34% | 0.96% | 6.33% |
VBIAX Vanguard Balanced Index Fund Admiral Shares | 7.35% | 13.61% | 14.58% | 17.54% | -16.90% | 14.21% | 16.40% | 21.78% | -2.86% | 13.89% |
Correlation
The correlation between VOHIX and VBIAX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2000 | -0.02 |
The correlation between VOHIX and VBIAX shifts across timeframes, from -0.02 (all time) to 0.26 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VOHIX vs. VBIAX — Risk / Return Rank
VOHIX
VBIAX
VOHIX vs. VBIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). 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 | VBIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.47 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 3.42 | -0.77 |
| Martin ratioReturn relative to average drawdown | 9.33 | 15.60 | -6.28 |
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 | VBIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.52 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.73 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.88 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.64 | +0.63 |
Drawdowns
VOHIX vs. VBIAX - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -16.81%, smaller than the maximum VBIAX drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for VOHIX and VBIAX.
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Drawdown Indicators
| VOHIX | VBIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.81% | -35.90% | +19.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -5.83% | +2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.44% | -11.70% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -21.53% | +4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -16.81% | -22.78% | +5.97% |
Current DrawdownCurrent decline from peak | -0.26% | 0.00% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -4.44% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.27% | -0.36% |
Volatility
VOHIX vs. VBIAX - Volatility Comparison
The current volatility for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) is 1.31%, while Vanguard Balanced Index Fund Admiral Shares (VBIAX) has a volatility of 2.26%. This indicates that VOHIX experiences smaller price fluctuations and is considered to be less risky than VBIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOHIX | VBIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 2.26% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 6.11% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 7.90% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 11.05% | -6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 11.21% | -6.58% |
VOHIX vs. VBIAX - Expense Ratio Comparison
VOHIX has a 0.13% expense ratio, which is higher than VBIAX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VOHIX vs. VBIAX - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.61%, less than VBIAX's 5.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIAX Vanguard Balanced Index Fund Admiral Shares | 5.21% | 6.00% | 5.27% | 4.35% | 2.83% | 3.19% | 2.65% | 2.28% | 2.32% | 1.95% | 2.09% | 2.09% |
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 3.61% | 4.43% | 3.92% | 3.05% | 2.73% | 2.78% | 3.39% | 3.93% | 3.51% | 3.70% | 3.75% | 3.84% |
Frequently Asked Questions
VOHIX and VBIAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBIAX has higher volatility (2.26%) compared to VOHIX (1.31%). In terms of maximum drawdown, VOHIX dropped -16.81% vs VBIAX's -35.90%.
VOHIX currently has the higher Sharpe Ratio (2.71 vs 2.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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