VWAHX vs. PFMIX
Compare and contrast key facts about Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) and PIMCO Municipal Bond Fund (PFMIX).
VWAHX is managed by Vanguard. It was launched on Dec 27, 1978. PFMIX is managed by PIMCO. It was launched on Dec 30, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWAHX or PFMIX.
Correlation
The correlation between VWAHX and PFMIX is 0.79, 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. PFMIX - Performance Comparison
Key characteristics
VWAHX:
1.32
PFMIX:
1.26
VWAHX:
1.85
PFMIX:
1.83
VWAHX:
1.29
PFMIX:
1.27
VWAHX:
0.79
PFMIX:
0.95
VWAHX:
5.63
PFMIX:
5.61
VWAHX:
0.90%
PFMIX:
0.78%
VWAHX:
3.86%
PFMIX:
3.48%
VWAHX:
-22.42%
PFMIX:
-26.50%
VWAHX:
-1.37%
PFMIX:
-1.35%
Returns By Period
In the year-to-date period, VWAHX achieves a 3.97% return, which is significantly higher than PFMIX's 3.46% return. Both investments have delivered pretty close results over the past 10 years, with VWAHX having a 3.10% annualized return and PFMIX not far behind at 3.07%.
VWAHX
3.97%
0.41%
2.26%
4.98%
1.54%
3.10%
PFMIX
3.46%
0.33%
1.80%
4.25%
1.77%
3.07%
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VWAHX vs. PFMIX - Expense Ratio Comparison
VWAHX has a 0.17% expense ratio, which is lower than PFMIX's 0.44% expense ratio.
Risk-Adjusted Performance
VWAHX vs. PFMIX - 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 PIMCO Municipal Bond Fund (PFMIX). 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. PFMIX - Dividend Comparison
VWAHX's dividend yield for the trailing twelve months is around 3.71%, less than PFMIX's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.71% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
PFMIX PIMCO Municipal Bond Fund | 4.05% | 3.76% | 3.05% | 2.13% | 2.45% | 3.24% | 3.77% | 3.43% | 3.44% | 3.51% | 3.17% | 3.47% |
Drawdowns
VWAHX vs. PFMIX - Drawdown Comparison
The maximum VWAHX drawdown since its inception was -22.42%, smaller than the maximum PFMIX drawdown of -26.50%. Use the drawdown chart below to compare losses from any high point for VWAHX and PFMIX. For additional features, visit the drawdowns tool.
Volatility
VWAHX vs. PFMIX - Volatility Comparison
The current volatility for Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) is 1.08%, while PIMCO Municipal Bond Fund (PFMIX) has a volatility of 1.16%. This indicates that VWAHX experiences smaller price fluctuations and is considered to be less risky than PFMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.