VOHIX vs. VBIAX
Compare and contrast key facts about Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX).
VOHIX is managed by Vanguard. It was launched on Jun 18, 1990. VBIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOHIX or VBIAX.
Key characteristics
| VOHIX | VBIAX | |
|---|---|---|
| YTD Return | 2.21% | 15.96% |
| 1Y Return | 10.04% | 24.24% |
| 3Y Return (Ann) | -0.96% | 2.60% |
| 5Y Return (Ann) | 1.07% | 7.88% |
| 10Y Return (Ann) | 2.35% | 7.77% |
| Sharpe Ratio | 2.40 | 2.63 |
| Sortino Ratio | 3.63 | 3.58 |
| Omega Ratio | 1.55 | 1.51 |
| Calmar Ratio | 0.82 | 1.75 |
| Martin Ratio | 10.02 | 16.29 |
| Ulcer Index | 1.01% | 1.42% |
| Daily Std Dev | 4.22% | 8.83% |
| Max Drawdown | -17.45% | -35.90% |
| Current Drawdown | -3.59% | 0.00% |
Correlation
The correlation between VOHIX and VBIAX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VOHIX vs. VBIAX - Performance Comparison
In the year-to-date period, VOHIX achieves a 2.21% return, which is significantly lower than VBIAX's 15.96% return. Over the past 10 years, VOHIX has underperformed VBIAX with an annualized return of 2.35%, while VBIAX has yielded a comparatively higher 7.77% 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. 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%.
Risk-Adjusted Performance
VOHIX vs. VBIAX - Risk-Adjusted Performance 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.
Dividends
VOHIX vs. VBIAX - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.29%, more than VBIAX's 2.01% 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% |
VBIAX Vanguard Balanced Index Fund Admiral Shares | 2.01% | 2.04% | 1.93% | 1.39% | 1.66% | 2.12% | 2.32% | 1.95% | 2.09% | 2.09% | 1.92% | 1.85% |
Drawdowns
VOHIX vs. VBIAX - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -17.45%, 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. For additional features, visit the drawdowns tool.
Volatility
VOHIX vs. VBIAX - Volatility Comparison
The current volatility for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) is 2.04%, while Vanguard Balanced Index Fund Admiral Shares (VBIAX) has a volatility of 2.47%. 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.