VTEL vs. VWLUX
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX).
VTEL is a passively managed fund by Vanguard that tracks the performance of the S&P 10+ Year National AMT-Free Municipal Bond Index. It was launched on May 20, 2025. VWLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
VTEL vs. VWLUX - Performance Comparison
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VTEL vs. VWLUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTEL Vanguard Long-Term Tax-Exempt Bond ETF | -0.47% | 6.66% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | -0.77% | 6.62% |
Returns By Period
In the year-to-date period, VTEL achieves a -0.47% return, which is significantly higher than VWLUX's -0.77% return.
VTEL
- 1D
- 0.40%
- 1M
- -2.49%
- YTD
- -0.47%
- 6M
- 1.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWLUX
- 1D
- 0.19%
- 1M
- -2.91%
- YTD
- -0.77%
- 6M
- 0.93%
- 1Y
- 4.08%
- 3Y*
- 3.69%
- 5Y*
- 1.13%
- 10Y*
- 2.58%
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VTEL vs. VWLUX - Expense Ratio Comparison
Both VTEL and VWLUX 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%.
Return for Risk
VTEL vs. VWLUX — Risk / Return Rank
VTEL
VWLUX
VTEL vs. VWLUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| VTEL | VWLUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.93 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.93 | 0.97 | +0.97 |
Correlation
The correlation between VTEL and VWLUX is 0.69, 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
VTEL vs. VWLUX - Dividend Comparison
VTEL's dividend yield for the trailing twelve months is around 2.88%, less than VWLUX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEL Vanguard Long-Term Tax-Exempt Bond ETF | 2.88% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.80% | 4.61% | 4.08% | 3.17% | 3.00% | 2.70% | 3.32% | 3.91% | 3.58% | 3.80% | 4.09% | 3.87% |
Drawdowns
VTEL vs. VWLUX - Drawdown Comparison
The maximum VTEL drawdown since its inception was -3.22%, smaller than the maximum VWLUX drawdown of -15.94%. Use the drawdown chart below to compare losses from any high point for VTEL and VWLUX.
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Drawdown Indicators
| VTEL | VWLUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.22% | -15.94% | +12.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.94% | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.91% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -2.09% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.70% | — |
Volatility
VTEL vs. VWLUX - Volatility Comparison
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Volatility by Period
| VTEL | VWLUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 5.43% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.78% | 4.56% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 4.49% | -0.71% |