VWITX vs. NQP
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Nuveen Pennsylvania Quality Municipal Income (NQP).
VWITX is managed by Vanguard. It was launched on Sep 1, 1977. NQP is an actively managed fund by Nuveen. It was launched on Feb 21, 1991.
Performance
VWITX vs. NQP - Performance Comparison
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VWITX vs. NQP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | -0.48% | 5.89% | 2.23% | 5.82% | -6.90% | 0.74% | 5.14% | 7.01% | 1.26% | 4.54% |
NQP Nuveen Pennsylvania Quality Municipal Income | 2.14% | 15.46% | 2.70% | 7.44% | -21.95% | 7.75% | 7.08% | 21.21% | -2.28% | 5.96% |
Returns By Period
In the year-to-date period, VWITX achieves a -0.48% return, which is significantly lower than NQP's 2.14% return. Over the past 10 years, VWITX has underperformed NQP with an annualized return of 2.29%, while NQP has yielded a comparatively higher 3.34% annualized return.
VWITX
- 1D
- 0.22%
- 1M
- -2.36%
- YTD
- -0.48%
- 6M
- 1.07%
- 1Y
- 4.47%
- 3Y*
- 3.64%
- 5Y*
- 1.49%
- 10Y*
- 2.29%
NQP
- 1D
- -0.17%
- 1M
- -0.51%
- YTD
- 2.14%
- 6M
- 2.76%
- 1Y
- 13.70%
- 3Y*
- 7.94%
- 5Y*
- 1.65%
- 10Y*
- 3.34%
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VWITX vs. NQP - Expense Ratio Comparison
VWITX has a 0.17% expense ratio, which is lower than NQP's 1.27% expense ratio.
Return for Risk
VWITX vs. NQP — Risk / Return Rank
VWITX
NQP
VWITX vs. NQP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Nuveen Pennsylvania Quality Municipal Income (NQP). 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.
| VWITX | NQP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.50 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.66 | 2.27 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.27 | -1.84 |
Martin ratioReturn relative to average drawdown | 5.48 | 8.94 | -3.46 |
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
| VWITX | NQP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.50 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.17 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.31 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.41 | +0.35 |
Correlation
The correlation between VWITX and NQP is 0.25, 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.
Dividends
VWITX vs. NQP - Dividend Comparison
VWITX's dividend yield for the trailing twelve months is around 3.25%, less than NQP's 7.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 3.25% | 3.96% | 3.53% | 2.70% | 2.43% | 1.83% | 2.32% | 2.80% | 2.80% | 2.72% | 2.80% | 2.88% |
NQP Nuveen Pennsylvania Quality Municipal Income | 7.86% | 7.87% | 6.69% | 3.07% | 4.89% | 4.51% | 4.38% | 4.23% | 5.34% | 5.34% | 5.67% | 6.10% |
Drawdowns
VWITX vs. NQP - Drawdown Comparison
The maximum VWITX drawdown since its inception was -29.13%, smaller than the maximum NQP drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for VWITX and NQP.
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Drawdown Indicators
| VWITX | NQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.13% | -41.87% | +12.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -4.63% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -11.46% | -32.41% | +20.95% |
Max Drawdown (10Y)Largest decline over 10 years | -11.46% | -32.41% | +20.95% |
Current DrawdownCurrent decline from peak | -2.64% | -1.68% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -6.93% | +3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.69% | -0.67% |
Volatility
VWITX vs. NQP - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) is 1.01%, while Nuveen Pennsylvania Quality Municipal Income (NQP) has a volatility of 4.13%. This indicates that VWITX experiences smaller price fluctuations and is considered to be less risky than NQP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWITX | NQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 4.13% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 5.32% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 9.22% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.22% | 9.80% | -6.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.41% | 10.85% | -7.44% |