VTEAX vs. VBTLX
Compare and contrast key facts about Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX).
VTEAX is managed by Vanguard. It was launched on Aug 25, 2015. VBTLX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEAX or VBTLX.
Key characteristics
| VTEAX | VBTLX | |
|---|---|---|
| YTD Return | 1.40% | 1.37% |
| 1Y Return | 6.88% | 7.84% |
| 3Y Return (Ann) | -0.27% | -2.41% |
| 5Y Return (Ann) | 1.18% | -0.30% |
| Sharpe Ratio | 2.20 | 1.36 |
| Sortino Ratio | 3.28 | 2.02 |
| Omega Ratio | 1.52 | 1.24 |
| Calmar Ratio | 0.88 | 0.49 |
| Martin Ratio | 8.63 | 4.70 |
| Ulcer Index | 0.80% | 1.67% |
| Daily Std Dev | 3.15% | 5.79% |
| Max Drawdown | -12.74% | -19.05% |
| Current Drawdown | -1.56% | -9.27% |
Correlation
The correlation between VTEAX and VBTLX is 0.49, 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.
Performance
VTEAX vs. VBTLX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VTEAX having a 1.40% return and VBTLX slightly lower at 1.37%. 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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VTEAX vs. VBTLX - Expense Ratio Comparison
VTEAX has a 0.09% expense ratio, which is higher than VBTLX's 0.05% 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
VTEAX vs. VBTLX - 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 Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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. VBTLX - Dividend Comparison
VTEAX's dividend yield for the trailing twelve months is around 3.07%, less than VBTLX's 3.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.07% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.61% | 3.11% | 2.51% | 1.90% | 2.23% | 2.74% | 2.78% | 2.51% | 2.49% | 2.48% | 2.55% | 2.56% |
Drawdowns
VTEAX vs. VBTLX - Drawdown Comparison
The maximum VTEAX drawdown since its inception was -12.74%, smaller than the maximum VBTLX drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for VTEAX and VBTLX. For additional features, visit the drawdowns tool.
Volatility
VTEAX vs. VBTLX - Volatility Comparison
The current volatility for Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) is 1.62%, while Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) has a volatility of 1.77%. This indicates that VTEAX experiences smaller price fluctuations and is considered to be less risky than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.