VTEAX vs. LTEBX
Compare and contrast key facts about Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and American Funds Limited Term Tax-Exempt Bond Fund (LTEBX).
VTEAX is managed by Vanguard. It was launched on Aug 25, 2015. LTEBX is managed by American Funds. It was launched on Oct 5, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEAX or LTEBX.
Performance
VTEAX vs. LTEBX - Performance Comparison
Returns By Period
In the year-to-date period, VTEAX achieves a 1.75% return, which is significantly lower than LTEBX's 2.13% return.
VTEAX
1.75%
-0.09%
2.63%
5.89%
1.19%
N/A
LTEBX
2.13%
-0.32%
2.58%
5.09%
0.83%
1.35%
Key characteristics
| VTEAX | LTEBX | |
|---|---|---|
| Sharpe Ratio | 1.98 | 2.36 |
| Sortino Ratio | 2.90 | 3.64 |
| Omega Ratio | 1.46 | 1.55 |
| Calmar Ratio | 0.91 | 1.07 |
| Martin Ratio | 7.48 | 9.28 |
| Ulcer Index | 0.82% | 0.56% |
| Daily Std Dev | 3.08% | 2.19% |
| Max Drawdown | -12.74% | -8.45% |
| Current Drawdown | -1.22% | -0.89% |
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VTEAX vs. LTEBX - Expense Ratio Comparison
VTEAX has a 0.09% expense ratio, which is lower than LTEBX's 0.57% expense ratio.
Correlation
The correlation between VTEAX and LTEBX is 0.83, 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.
Risk-Adjusted Performance
VTEAX vs. LTEBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and American Funds Limited Term Tax-Exempt Bond Fund (LTEBX). 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
VTEAX vs. LTEBX - Dividend Comparison
VTEAX's dividend yield for the trailing twelve months is around 3.06%, more than LTEBX's 2.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.06% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.25% | 1.92% | 1.17% | 0.81% | 1.35% | 1.86% | 2.04% | 2.04% | 2.09% | 2.35% | 2.44% | 2.48% |
Drawdowns
VTEAX vs. LTEBX - Drawdown Comparison
The maximum VTEAX drawdown since its inception was -12.74%, which is greater than LTEBX's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for VTEAX and LTEBX. For additional features, visit the drawdowns tool.
Volatility
VTEAX vs. LTEBX - Volatility Comparison
Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) has a higher volatility of 1.61% compared to American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) at 1.05%. This indicates that VTEAX's price experiences larger fluctuations and is considered to be riskier than LTEBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.