VTABX vs. VMATX
Compare and contrast key facts about Vanguard Total International Bond Index Fund Admiral Shares (VTABX) and Vanguard Massachusetts Tax-Exempt Fund (VMATX).
VTABX is managed by Vanguard. It was launched on May 31, 2013. VMATX is managed by Vanguard. It was launched on Dec 9, 1998.
Performance
VTABX vs. VMATX - Performance Comparison
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VTABX vs. VMATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTABX Vanguard Total International Bond Index Fund Admiral Shares | -0.45% | 2.96% | 3.92% | 8.77% | -12.92% | -2.22% | 4.54% | 8.83% | 2.97% | 2.39% |
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, VTABX achieves a -0.45% return, which is significantly higher than VMATX's -0.50% return. Over the past 10 years, VTABX has underperformed VMATX with an annualized return of 1.79%, while VMATX has yielded a comparatively higher 2.36% annualized return.
VTABX
- 1D
- 0.37%
- 1M
- -1.99%
- YTD
- -0.45%
- 6M
- 0.01%
- 1Y
- 2.44%
- 3Y*
- 3.81%
- 5Y*
- 0.15%
- 10Y*
- 1.79%
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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VTABX vs. VMATX - Expense Ratio Comparison
VTABX has a 0.11% expense ratio, which is lower than VMATX's 0.13% expense ratio. Despite the difference, 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
VTABX vs. VMATX — Risk / Return Rank
VTABX
VMATX
VTABX vs. VMATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond Index Fund Admiral Shares (VTABX) 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.
| VTABX | VMATX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.86 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.17 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.07 | -0.13 |
Martin ratioReturn relative to average drawdown | 3.89 | 3.52 | +0.37 |
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
| VTABX | VMATX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.86 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.21 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.51 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.99 | -0.26 |
Correlation
The correlation between VTABX and VMATX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VTABX vs. VMATX - Dividend Comparison
VTABX's dividend yield for the trailing twelve months is around 4.21%, more than VMATX's 3.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTABX Vanguard Total International Bond Index Fund Admiral Shares | 4.21% | 4.36% | 4.33% | 4.39% | 1.48% | 3.70% | 1.08% | 4.28% | 3.00% | 2.23% | 1.80% | 1.64% |
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
VTABX vs. VMATX - Drawdown Comparison
The maximum VTABX drawdown since its inception was -16.16%, roughly equal to the maximum VMATX drawdown of -15.91%. Use the drawdown chart below to compare losses from any high point for VTABX and VMATX.
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Drawdown Indicators
| VTABX | VMATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -15.91% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -5.36% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -15.91% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -16.16% | -15.91% | -0.25% |
Current DrawdownCurrent decline from peak | -2.29% | -2.72% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -2.10% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.63% | -0.93% |
Volatility
VTABX vs. VMATX - Volatility Comparison
Vanguard Total International Bond Index Fund Admiral Shares (VTABX) has a higher volatility of 1.46% compared to Vanguard Massachusetts Tax-Exempt Fund (VMATX) at 1.39%. This indicates that VTABX's price experiences larger fluctuations and is considered to be riskier 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
| VTABX | VMATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.39% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 2.03% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 5.66% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 4.62% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 4.63% | -1.05% |