VTEAX vs. VMLUX
Compare and contrast key facts about Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX).
VTEAX is managed by Vanguard. It was launched on Aug 25, 2015. VMLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEAX or VMLUX.
Key characteristics
| VTEAX | VMLUX | |
|---|---|---|
| YTD Return | 1.35% | 2.60% |
| 1Y Return | 6.94% | 5.39% |
| 3Y Return (Ann) | -0.30% | 1.32% |
| 5Y Return (Ann) | 1.23% | 1.66% |
| Sharpe Ratio | 2.24 | 3.25 |
| Sortino Ratio | 3.33 | 5.56 |
| Omega Ratio | 1.53 | 1.95 |
| Calmar Ratio | 0.88 | 3.17 |
| Martin Ratio | 8.85 | 17.20 |
| Ulcer Index | 0.80% | 0.32% |
| Daily Std Dev | 3.15% | 1.69% |
| Max Drawdown | -12.74% | -6.41% |
| Current Drawdown | -1.61% | -0.48% |
Correlation
The correlation between VTEAX and VMLUX is 0.72, 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.
Performance
VTEAX vs. VMLUX - Performance Comparison
In the year-to-date period, VTEAX achieves a 1.35% return, which is significantly lower than VMLUX's 2.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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.
Dividends
VTEAX vs. VMLUX - Dividend Comparison
VTEAX's dividend yield for the trailing twelve months is around 3.07%, more than VMLUX's 2.81% 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% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 2.81% | 2.39% | 1.64% | 1.29% | 1.70% | 1.96% | 1.90% | 1.66% | 1.64% | 1.59% | 1.68% | 1.75% |
Drawdowns
VTEAX vs. VMLUX - Drawdown Comparison
The maximum VTEAX drawdown since its inception was -12.74%, which is greater than VMLUX's maximum 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.
Volatility
VTEAX vs. VMLUX - Volatility Comparison
Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) has a higher volatility of 1.62% compared to Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) at 0.75%. This indicates that VTEAX's price experiences larger fluctuations and is considered to be riskier than VMLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.