VWAHX vs. ELFTX
Compare and contrast key facts about Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) and Elfun Tax Exempt Income Fund (ELFTX).
VWAHX is managed by Vanguard. It was launched on Dec 27, 1978. ELFTX is managed by State Street Global Advisors. It was launched on Jan 1, 1980.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWAHX or ELFTX.
Correlation
The correlation between VWAHX and ELFTX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VWAHX vs. ELFTX - Performance Comparison
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Key characteristics
VWAHX:
0.10
ELFTX:
-0.05
VWAHX:
0.15
ELFTX:
-0.03
VWAHX:
1.03
ELFTX:
1.00
VWAHX:
0.08
ELFTX:
-0.04
VWAHX:
0.27
ELFTX:
-0.16
VWAHX:
1.92%
ELFTX:
1.76%
VWAHX:
6.21%
ELFTX:
5.73%
VWAHX:
-17.82%
ELFTX:
-14.60%
VWAHX:
-4.00%
ELFTX:
-4.60%
Returns By Period
In the year-to-date period, VWAHX achieves a -2.06% return, which is significantly lower than ELFTX's -1.93% return. Over the past 10 years, VWAHX has outperformed ELFTX with an annualized return of 2.78%, while ELFTX has yielded a comparatively lower 1.84% annualized return.
VWAHX
-2.06%
1.87%
-2.09%
0.61%
1.88%
2.78%
ELFTX
-1.93%
1.89%
-1.87%
-0.29%
0.52%
1.84%
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VWAHX vs. ELFTX - Expense Ratio Comparison
VWAHX has a 0.17% expense ratio, which is lower than ELFTX's 0.21% expense ratio. Despite the difference, 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
VWAHX vs. ELFTX — Risk-Adjusted Performance Rank
VWAHX
ELFTX
VWAHX vs. ELFTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) and Elfun Tax Exempt Income Fund (ELFTX). 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
VWAHX vs. ELFTX - Dividend Comparison
VWAHX's dividend yield for the trailing twelve months is around 3.58%, less than ELFTX's 3.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.58% | 3.75% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% |
ELFTX Elfun Tax Exempt Income Fund | 3.75% | 3.99% | 3.83% | 3.71% | 3.17% | 3.51% | 3.80% | 4.09% | 4.00% | 4.00% | 3.91% | 3.95% |
Drawdowns
VWAHX vs. ELFTX - Drawdown Comparison
The maximum VWAHX drawdown since its inception was -17.82%, which is greater than ELFTX's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for VWAHX and ELFTX. For additional features, visit the drawdowns tool.
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Volatility
VWAHX vs. ELFTX - Volatility Comparison
Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a higher volatility of 2.15% compared to Elfun Tax Exempt Income Fund (ELFTX) at 1.91%. This indicates that VWAHX's price experiences larger fluctuations and is considered to be riskier than ELFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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