VOHIX vs. VMATX
Compare and contrast key facts about Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Vanguard Massachusetts Tax-Exempt Fund (VMATX).
VOHIX is managed by Vanguard. It was launched on Jun 18, 1990. VMATX is managed by Vanguard. It was launched on Dec 9, 1998.
Performance
VOHIX vs. VMATX - Performance Comparison
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VOHIX vs. VMATX - 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% |
VMATX Vanguard Massachusetts Tax-Exempt Fund | -0.50% | 4.96% | 2.53% | 7.19% | -10.79% | 1.65% | 6.47% | 8.93% | 0.47% | 6.02% |
Returns By Period
In the year-to-date period, VOHIX achieves a -0.61% return, which is significantly lower than VMATX's -0.50% return. Over the past 10 years, VOHIX has outperformed VMATX with an annualized return of 2.52%, while VMATX has yielded a comparatively lower 2.36% 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%
VMATX
- 1D
- 0.40%
- 1M
- -2.43%
- YTD
- -0.50%
- 6M
- 1.21%
- 1Y
- 4.36%
- 3Y*
- 3.67%
- 5Y*
- 0.98%
- 10Y*
- 2.36%
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VOHIX vs. VMATX - Expense Ratio Comparison
Both VOHIX and VMATX have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VOHIX vs. VMATX — Risk / Return Rank
VOHIX
VMATX
VOHIX vs. VMATX - 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 Massachusetts Tax-Exempt Fund (VMATX). 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 | VMATX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.86 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.14 | 1.17 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.07 | -0.08 |
Martin ratioReturn relative to average drawdown | 3.15 | 3.52 | -0.38 |
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 | VMATX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.86 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.21 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.51 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.99 | +0.27 |
Correlation
The correlation between VOHIX and VMATX is 0.92, 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. VMATX - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.63%, which matches VMATX's 3.64% 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% |
VMATX Vanguard Massachusetts Tax-Exempt Fund | 3.64% | 4.46% | 3.98% | 3.06% | 2.69% | 2.26% | 3.22% | 3.63% | 3.07% | 2.91% | 3.55% | 3.22% |
Drawdowns
VOHIX vs. VMATX - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -16.81%, which is greater than VMATX's maximum drawdown of -15.91%. Use the drawdown chart below to compare losses from any high point for VOHIX and VMATX.
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Drawdown Indicators
| VOHIX | VMATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.81% | -15.91% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -5.36% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -15.91% | -0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -16.81% | -15.91% | -0.90% |
Current DrawdownCurrent decline from peak | -2.70% | -2.72% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -2.10% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.63% | +0.07% |
Volatility
VOHIX vs. VMATX - Volatility Comparison
The current volatility for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) is 1.29%, while Vanguard Massachusetts Tax-Exempt Fund (VMATX) has a volatility of 1.39%. This indicates that VOHIX experiences smaller price fluctuations and is considered to be less risky than VMATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOHIX | VMATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.39% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 2.03% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 5.66% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 4.62% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.61% | 4.63% | -0.02% |