VOHIX vs. VWIUX
Compare and contrast key facts about Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX).
VOHIX is managed by Vanguard. It was launched on Jun 18, 1990. VWIUX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOHIX or VWIUX.
Key characteristics
| VOHIX | VWIUX | |
|---|---|---|
| YTD Return | 2.21% | 1.44% |
| 1Y Return | 9.05% | 6.02% |
| 3Y Return (Ann) | -0.96% | 0.10% |
| 5Y Return (Ann) | 1.01% | 1.44% |
| 10Y Return (Ann) | 2.36% | 2.32% |
| Sharpe Ratio | 2.38 | 2.30 |
| Sortino Ratio | 3.60 | 3.57 |
| Omega Ratio | 1.55 | 1.53 |
| Calmar Ratio | 0.87 | 1.09 |
| Martin Ratio | 9.78 | 8.71 |
| Ulcer Index | 1.03% | 0.76% |
| Daily Std Dev | 4.22% | 2.86% |
| Max Drawdown | -17.45% | -11.49% |
| Current Drawdown | -3.59% | -1.52% |
Correlation
The correlation between VOHIX and VWIUX is 0.90, 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. VWIUX - Performance Comparison
In the year-to-date period, VOHIX achieves a 2.21% return, which is significantly higher than VWIUX's 1.44% return. Both investments have delivered pretty close results over the past 10 years, with VOHIX having a 2.36% annualized return and VWIUX not far behind at 2.32%. 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. VWIUX - Expense Ratio Comparison
VOHIX has a 0.13% expense ratio, which is higher than VWIUX's 0.09% 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. VWIUX - 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 Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX). 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. VWIUX - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.29%, more than VWIUX's 2.78% 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% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.78% | 2.79% | 2.50% | 2.16% | 2.40% | 2.68% | 2.89% | 2.83% | 2.92% | 2.97% | 3.13% | 3.27% |
Drawdowns
VOHIX vs. VWIUX - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -17.45%, which is greater than VWIUX's maximum drawdown of -11.49%. Use the drawdown chart below to compare losses from any high point for VOHIX and VWIUX. For additional features, visit the drawdowns tool.
Volatility
VOHIX vs. VWIUX - Volatility Comparison
Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) has a higher volatility of 2.02% compared to Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) at 1.34%. This indicates that VOHIX's price experiences larger fluctuations and is considered to be riskier than VWIUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.