VPAIX vs. EKVAX
Compare and contrast key facts about Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX) and Allspring Pennsylvania Tax-Free Fund (EKVAX).
VPAIX is managed by Vanguard. It was launched on Apr 7, 1986. EKVAX is managed by Allspring Global Investments. It was launched on Dec 26, 1990.
Performance
VPAIX vs. EKVAX - Performance Comparison
Loading graphics...
VPAIX vs. EKVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VPAIX Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares | -0.60% | 5.27% | 2.59% | 7.25% | -10.20% | 1.97% | 5.86% | 9.05% | 1.11% | 6.61% |
EKVAX Allspring Pennsylvania Tax-Free Fund | -0.12% | 3.18% | 2.70% | 5.04% | -9.21% | 2.15% | 3.64% | 6.85% | 1.26% | 5.00% |
Returns By Period
In the year-to-date period, VPAIX achieves a -0.60% return, which is significantly lower than EKVAX's -0.12% return. Over the past 10 years, VPAIX has outperformed EKVAX with an annualized return of 2.65%, while EKVAX has yielded a comparatively lower 1.78% annualized return.
VPAIX
- 1D
- 0.28%
- 1M
- -2.19%
- YTD
- -0.60%
- 6M
- 1.54%
- 1Y
- 4.27%
- 3Y*
- 3.81%
- 5Y*
- 1.17%
- 10Y*
- 2.65%
EKVAX
- 1D
- 0.28%
- 1M
- -1.57%
- YTD
- -0.12%
- 6M
- 1.35%
- 1Y
- 3.10%
- 3Y*
- 2.88%
- 5Y*
- 0.59%
- 10Y*
- 1.78%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VPAIX vs. EKVAX - Expense Ratio Comparison
VPAIX has a 0.17% expense ratio, which is lower than EKVAX's 0.74% expense ratio.
Return for Risk
VPAIX vs. EKVAX — Risk / Return Rank
VPAIX
EKVAX
VPAIX vs. EKVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX) and Allspring Pennsylvania Tax-Free Fund (EKVAX). 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.
| VPAIX | EKVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.79 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.08 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.84 | +0.21 |
Martin ratioReturn relative to average drawdown | 3.26 | 2.49 | +0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VPAIX | EKVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.79 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.17 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.52 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.46 | -0.33 |
Correlation
The correlation between VPAIX and EKVAX is 0.87, 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
VPAIX vs. EKVAX - Dividend Comparison
VPAIX's dividend yield for the trailing twelve months is around 3.68%, more than EKVAX's 2.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPAIX Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares | 3.68% | 4.48% | 4.04% | 3.25% | 3.12% | 2.45% | 3.16% | 3.70% | 3.91% | 3.93% | 4.10% | 3.92% |
EKVAX Allspring Pennsylvania Tax-Free Fund | 2.94% | 3.18% | 3.03% | 2.70% | 2.55% | 2.38% | 2.70% | 3.33% | 3.32% | 3.13% | 3.11% | 3.41% |
Drawdowns
VPAIX vs. EKVAX - Drawdown Comparison
The maximum VPAIX drawdown since its inception was -19.51%, which is greater than EKVAX's maximum drawdown of -13.30%. Use the drawdown chart below to compare losses from any high point for VPAIX and EKVAX.
Loading graphics...
Drawdown Indicators
| VPAIX | EKVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.51% | -13.30% | -6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -4.39% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -15.76% | -13.30% | -2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -15.76% | -13.30% | -2.46% |
Current DrawdownCurrent decline from peak | -2.55% | -1.85% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -1.76% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.48% | +0.21% |
Volatility
VPAIX vs. EKVAX - Volatility Comparison
Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX) has a higher volatility of 1.21% compared to Allspring Pennsylvania Tax-Free Fund (EKVAX) at 1.01%. This indicates that VPAIX's price experiences larger fluctuations and is considered to be riskier than EKVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VPAIX | EKVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.01% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 1.51% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 4.45% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 3.54% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.39% | 3.43% | +0.96% |