VWALX vs. VTEB
Compare and contrast key facts about Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VWALX is managed by Vanguard. It was launched on Nov 12, 2001. 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: VWALX or VTEB.
Correlation
The correlation between VWALX 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
VWALX vs. VTEB - Performance Comparison
Key characteristics
VWALX:
0.14
VTEB:
0.09
VWALX:
0.22
VTEB:
0.14
VWALX:
1.04
VTEB:
1.02
VWALX:
0.13
VTEB:
0.09
VWALX:
0.52
VTEB:
0.30
VWALX:
1.69%
VTEB:
1.38%
VWALX:
6.21%
VTEB:
4.71%
VWALX:
-17.74%
VTEB:
-17.00%
VWALX:
-4.90%
VTEB:
-3.80%
Returns By Period
In the year-to-date period, VWALX achieves a -2.98% return, which is significantly lower than VTEB's -2.24% return.
VWALX
-2.98%
-2.98%
-2.14%
0.88%
1.89%
2.64%
VTEB
-2.24%
-1.89%
-1.57%
0.43%
0.84%
N/A
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VWALX vs. VTEB - Expense Ratio Comparison
VWALX has a 0.09% 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
VWALX vs. VTEB — Risk-Adjusted Performance Rank
VWALX
VTEB
VWALX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) 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
VWALX vs. VTEB - Dividend Comparison
VWALX's dividend yield for the trailing twelve months is around 4.02%, more than VTEB's 3.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWALX Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 4.02% | 3.82% | 3.59% | 3.44% | 2.93% | 3.16% | 3.44% | 3.84% | 3.77% | 3.88% | 3.75% | 3.83% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.28% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
VWALX vs. VTEB - Drawdown Comparison
The maximum VWALX drawdown since its inception was -17.74%, roughly equal to the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VWALX and VTEB. For additional features, visit the drawdowns tool.
Volatility
VWALX vs. VTEB - Volatility Comparison
Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) has a higher volatility of 4.84% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 3.05%. This indicates that VWALX'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.