VWAHX vs. VTEB
Compare and contrast key facts about Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VWAHX is managed by Vanguard. It was launched on Dec 27, 1978. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWAHX or VTEB.
Correlation
The correlation between VWAHX and VTEB 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. VTEB - Performance Comparison
Key characteristics
VWAHX:
0.22
VTEB:
0.20
VWAHX:
0.33
VTEB:
0.28
VWAHX:
1.06
VTEB:
1.04
VWAHX:
0.21
VTEB:
0.19
VWAHX:
0.80
VTEB:
0.66
VWAHX:
1.74%
VTEB:
1.41%
VWAHX:
6.21%
VTEB:
4.72%
VWAHX:
-17.82%
VTEB:
-17.00%
VWAHX:
-4.37%
VTEB:
-3.33%
Returns By Period
In the year-to-date period, VWAHX achieves a -2.44% return, which is significantly lower than VTEB's -1.76% return.
VWAHX
-2.44%
-1.49%
-2.06%
1.78%
2.01%
2.65%
VTEB
-1.76%
-1.12%
-1.38%
1.27%
0.99%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VWAHX vs. VTEB - Expense Ratio Comparison
VWAHX has a 0.17% expense ratio, which is higher than VTEB's 0.05% expense ratio. However, 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. VTEB — Risk-Adjusted Performance Rank
VWAHX
VTEB
VWAHX vs. VTEB - 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 Vanguard Tax-Exempt Bond ETF (VTEB). 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. VTEB - Dividend Comparison
VWAHX's dividend yield for the trailing twelve months is around 3.91%, more than VTEB's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.91% | 3.75% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.26% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
VWAHX vs. VTEB - Drawdown Comparison
The maximum VWAHX drawdown since its inception was -17.82%, roughly equal to the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VWAHX and VTEB. For additional features, visit the drawdowns tool.
Volatility
VWAHX vs. VTEB - Volatility Comparison
Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a higher volatility of 4.84% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 3.07%. This indicates that VWAHX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.