VWETX vs. VWLUX
Compare and contrast key facts about Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX).
VWETX is managed by Vanguard. It was launched on Feb 12, 2001. VWLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
VWETX vs. VWLUX - Performance Comparison
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VWETX vs. VWLUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | -1.25% | 7.31% | -2.70% | 8.92% | -25.54% | -2.79% | 15.50% | 20.56% | -6.17% | 12.08% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | -0.40% | 4.90% | 2.54% | 7.65% | -10.35% | 1.89% | 6.29% | 8.87% | 0.99% | 6.56% |
Returns By Period
In the year-to-date period, VWETX achieves a -1.25% return, which is significantly lower than VWLUX's -0.40% return. Over the past 10 years, VWETX has underperformed VWLUX with an annualized return of 1.83%, while VWLUX has yielded a comparatively higher 2.62% annualized return.
VWETX
- 1D
- 0.40%
- 1M
- -2.97%
- YTD
- -1.25%
- 6M
- -1.80%
- 1Y
- 2.59%
- 3Y*
- 2.04%
- 5Y*
- -2.27%
- 10Y*
- 1.83%
VWLUX
- 1D
- 0.37%
- 1M
- -2.28%
- YTD
- -0.40%
- 6M
- 1.21%
- 1Y
- 4.08%
- 3Y*
- 3.82%
- 5Y*
- 1.18%
- 10Y*
- 2.62%
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VWETX vs. VWLUX - Expense Ratio Comparison
VWETX has a 0.12% expense ratio, which is higher than VWLUX's 0.09% 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%.
Return for Risk
VWETX vs. VWLUX — Risk / Return Rank
VWETX
VWLUX
VWETX vs. VWLUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX). 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.
| VWETX | VWLUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 0.84 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.53 | 1.14 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.23 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.01 | -0.28 |
Martin ratioReturn relative to average drawdown | 1.77 | 3.17 | -1.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWETX | VWLUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.84 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.26 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.59 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.97 | -0.49 |
Correlation
The correlation between VWETX and VWLUX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VWETX vs. VWLUX - Dividend Comparison
VWETX's dividend yield for the trailing twelve months is around 4.76%, more than VWLUX's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 4.76% | 5.06% | 5.10% | 4.26% | 4.54% | 4.86% | 6.99% | 5.11% | 4.40% | 5.60% | 6.25% | 7.49% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.78% | 4.61% | 4.08% | 3.17% | 3.00% | 2.70% | 3.32% | 3.91% | 3.58% | 3.80% | 4.09% | 3.87% |
Drawdowns
VWETX vs. VWLUX - Drawdown Comparison
The maximum VWETX drawdown since its inception was -36.04%, which is greater than VWLUX's maximum drawdown of -15.94%. Use the drawdown chart below to compare losses from any high point for VWETX and VWLUX.
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Drawdown Indicators
| VWETX | VWLUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.04% | -15.94% | -20.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.44% | -5.36% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -34.42% | -15.94% | -18.48% |
Max Drawdown (10Y)Largest decline over 10 years | -36.04% | -15.94% | -20.10% |
Current DrawdownCurrent decline from peak | -20.25% | -2.54% | -17.71% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -2.09% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.71% | +0.54% |
Volatility
VWETX vs. VWLUX - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) has a higher volatility of 3.42% compared to Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) at 1.24%. This indicates that VWETX's price experiences larger fluctuations and is considered to be riskier than VWLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWETX | VWLUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 1.24% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 1.90% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 5.43% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 4.56% | +7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 4.49% | +6.36% |