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VOHIX vs. VITAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

VOHIX vs. VITAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). The values are adjusted to include any dividend payments, if applicable.

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VOHIX vs. VITAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
VITAX
Vanguard Information Technology Index Fund Admiral Shares
-7.30%21.78%29.26%52.69%-29.67%30.36%45.93%48.72%2.51%37.07%

Returns By Period

In the year-to-date period, VOHIX achieves a -0.61% return, which is significantly higher than VITAX's -7.30% return. Over the past 10 years, VOHIX has underperformed VITAX with an annualized return of 2.52%, while VITAX has yielded a comparatively higher 21.35% 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%

VITAX

1D
4.32%
1M
-4.86%
YTD
-7.30%
6M
-7.06%
1Y
28.08%
3Y*
22.58%
5Y*
14.54%
10Y*
21.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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VOHIX vs. VITAX - Expense Ratio Comparison

VOHIX has a 0.13% expense ratio, which is higher than VITAX's 0.10% 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%.


Return for Risk

VOHIX vs. VITAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOHIX
VOHIX Risk / Return Rank: 3636
Overall Rank
VOHIX Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
VOHIX Sortino Ratio Rank: 3030
Sortino Ratio Rank
VOHIX Omega Ratio Rank: 5454
Omega Ratio Rank
VOHIX Calmar Ratio Rank: 3333
Calmar Ratio Rank
VOHIX Martin Ratio Rank: 2727
Martin Ratio Rank

VITAX
VITAX Risk / Return Rank: 6161
Overall Rank
VITAX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
VITAX Sortino Ratio Rank: 6363
Sortino Ratio Rank
VITAX Omega Ratio Rank: 5757
Omega Ratio Rank
VITAX Calmar Ratio Rank: 7474
Calmar Ratio Rank
VITAX Martin Ratio Rank: 5656
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOHIX vs. VITAX - 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 Information Technology Index Fund Admiral Shares (VITAX). 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.


VOHIXVITAXDifference

Sharpe ratio

Return per unit of total volatility

0.83

1.06

-0.24

Sortino ratio

Return per unit of downside risk

1.14

1.64

-0.50

Omega ratio

Gain probability vs. loss probability

1.23

1.23

0.00

Calmar ratio

Return relative to maximum drawdown

0.99

1.77

-0.79

Martin ratio

Return relative to average drawdown

3.15

5.48

-2.34

VOHIX vs. VITAX - Sharpe Ratio Comparison

The current VOHIX Sharpe Ratio is 0.83, which is comparable to the VITAX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of VOHIX and VITAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


VOHIXVITAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.83

1.06

-0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

0.58

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.87

-0.32

Sharpe Ratio (All Time)

Calculated using the full available price history

1.26

0.59

+0.67

Correlation

The correlation between VOHIX and VITAX is -0.08. 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.


Dividends

VOHIX vs. VITAX - Dividend Comparison

VOHIX's dividend yield for the trailing twelve months is around 3.63%, more than VITAX's 0.44% yield.


TTM20252024202320222021202020192018201720162015
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%
VITAX
Vanguard Information Technology Index Fund Admiral Shares
0.44%0.40%0.60%0.65%0.91%0.63%0.82%1.11%1.29%0.99%1.31%1.28%

Drawdowns

VOHIX vs. VITAX - Drawdown Comparison

The maximum VOHIX drawdown since its inception was -16.81%, smaller than the maximum VITAX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VOHIX and VITAX.


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Drawdown Indicators


VOHIXVITAXDifference

Max Drawdown

Largest peak-to-trough decline

-16.81%

-54.81%

+38.00%

Max Drawdown (1Y)

Largest decline over 1 year

-5.42%

-16.38%

+10.96%

Max Drawdown (5Y)

Largest decline over 5 years

-16.81%

-35.10%

+18.29%

Max Drawdown (10Y)

Largest decline over 10 years

-16.81%

-35.10%

+18.29%

Current Drawdown

Current decline from peak

-2.70%

-12.77%

+10.07%

Average Drawdown

Average peak-to-trough decline

-1.89%

-8.06%

+6.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.70%

5.30%

-3.60%

Volatility

VOHIX vs. VITAX - Volatility Comparison

The current volatility for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) is 1.29%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 8.04%. This indicates that VOHIX experiences smaller price fluctuations and is considered to be less risky than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


VOHIXVITAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.29%

8.04%

-6.75%

Volatility (6M)

Calculated over the trailing 6-month period

1.93%

16.41%

-14.48%

Volatility (1Y)

Calculated over the trailing 1-year period

5.56%

27.65%

-22.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.70%

25.29%

-20.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.61%

24.72%

-20.11%