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.
Key characteristics
| VWAHX | ELFTX | |
|---|---|---|
| YTD Return | 3.54% | 1.60% |
| 1Y Return | 10.05% | 5.74% |
| 3Y Return (Ann) | -0.31% | -0.58% |
| 5Y Return (Ann) | 1.60% | 0.92% |
| 10Y Return (Ann) | 3.15% | 2.13% |
| Sharpe Ratio | 2.53 | 1.64 |
| Sortino Ratio | 3.78 | 2.39 |
| Omega Ratio | 1.60 | 1.36 |
| Calmar Ratio | 0.97 | 0.73 |
| Martin Ratio | 11.95 | 6.45 |
| Ulcer Index | 0.87% | 0.89% |
| Daily Std Dev | 4.11% | 3.51% |
| Max Drawdown | -17.82% | -14.60% |
| Current Drawdown | -1.77% | -2.67% |
Correlation
The correlation between VWAHX and ELFTX is 0.83, 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
VWAHX vs. ELFTX - Performance Comparison
In the year-to-date period, VWAHX achieves a 3.54% return, which is significantly higher than ELFTX's 1.60% return. Over the past 10 years, VWAHX has outperformed ELFTX with an annualized return of 3.15%, while ELFTX has yielded a comparatively lower 2.13% annualized return. 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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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 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.
Dividends
VWAHX vs. ELFTX - Dividend Comparison
VWAHX's dividend yield for the trailing twelve months is around 3.70%, less than ELFTX's 3.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.70% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
ELFTX Elfun Tax Exempt Income Fund | 3.99% | 3.84% | 3.71% | 3.13% | 3.52% | 3.80% | 4.09% | 4.00% | 4.00% | 3.91% | 3.95% | 4.33% |
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.
Volatility
VWAHX vs. ELFTX - Volatility Comparison
Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) and Elfun Tax Exempt Income Fund (ELFTX) have volatilities of 2.01% and 1.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.