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VTEAX vs. VMLUX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VTEAX and VMLUX is -0.32. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

VTEAX vs. VMLUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

VTEAX:

1.22%

VMLUX:

2.37%

Max Drawdown

VTEAX:

0.00%

VMLUX:

-6.41%

Current Drawdown

VTEAX:

0.00%

VMLUX:

-0.82%

Returns By Period


VTEAX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

VMLUX

YTD

0.56%

1M

0.93%

6M

0.69%

1Y

3.03%

5Y*

1.71%

10Y*

1.76%

*Annualized

Compare stocks, funds, or ETFs

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VTEAX vs. VMLUX - Expense Ratio Comparison

Both VTEAX and VMLUX have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Risk-Adjusted Performance

VTEAX vs. VMLUX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTEAX
The Risk-Adjusted Performance Rank of VTEAX is 3030
Overall Rank
The Sharpe Ratio Rank of VTEAX is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEAX is 2727
Sortino Ratio Rank
The Omega Ratio Rank of VTEAX is 2828
Omega Ratio Rank
The Calmar Ratio Rank of VTEAX is 3333
Calmar Ratio Rank
The Martin Ratio Rank of VTEAX is 3232
Martin Ratio Rank

VMLUX
The Risk-Adjusted Performance Rank of VMLUX is 9090
Overall Rank
The Sharpe Ratio Rank of VMLUX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of VMLUX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of VMLUX is 9191
Omega Ratio Rank
The Calmar Ratio Rank of VMLUX is 9292
Calmar Ratio Rank
The Martin Ratio Rank of VMLUX is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VTEAX vs. VMLUX - 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 Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX). 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.



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Dividends

VTEAX vs. VMLUX - Dividend Comparison

VTEAX has not paid dividends to shareholders, while VMLUX's dividend yield for the trailing twelve months is around 2.71%.


TTM20242023202220212020201920182017201620152014
VTEAX
Vanguard Tax-Exempt Bond Index Fund Admiral Shares
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VMLUX
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares
2.71%2.88%2.39%1.64%1.29%1.70%1.96%1.90%1.66%1.64%1.59%1.68%

Drawdowns

VTEAX vs. VMLUX - Drawdown Comparison

The maximum VTEAX drawdown since its inception was 0.00%, smaller than the maximum VMLUX drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for VTEAX and VMLUX. For additional features, visit the drawdowns tool.


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Volatility

VTEAX vs. VMLUX - Volatility Comparison


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