VWITX vs. PRFSX
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and T. Rowe Price Tax Free Short-Intermediate Fund (PRFSX).
VWITX is managed by Vanguard. It was launched on Sep 1, 1977. PRFSX is managed by T. Rowe Price. It was launched on Dec 22, 1983.
Performance
VWITX vs. PRFSX - Performance Comparison
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VWITX vs. PRFSX - 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% |
PRFSX T. Rowe Price Tax Free Short-Intermediate Fund | 0.35% | 5.77% | 3.96% | 5.73% | -4.24% | 0.17% | 3.31% | 3.66% | 1.13% | 1.74% |
Returns By Period
In the year-to-date period, VWITX achieves a -0.48% return, which is significantly lower than PRFSX's 0.35% return. Over the past 10 years, VWITX has outperformed PRFSX with an annualized return of 2.29%, while PRFSX has yielded a comparatively lower 2.00% 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%
PRFSX
- 1D
- 0.18%
- 1M
- -1.08%
- YTD
- 0.35%
- 6M
- 1.45%
- 1Y
- 4.28%
- 3Y*
- 4.57%
- 5Y*
- 2.29%
- 10Y*
- 2.00%
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VWITX vs. PRFSX - Expense Ratio Comparison
VWITX has a 0.17% expense ratio, which is lower than PRFSX's 0.50% expense ratio.
Return for Risk
VWITX vs. PRFSX — Risk / Return Rank
VWITX
PRFSX
VWITX vs. PRFSX - 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 T. Rowe Price Tax Free Short-Intermediate Fund (PRFSX). 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 | PRFSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.91 | -0.66 |
Sortino ratioReturn per unit of downside risk | 1.66 | 2.69 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.69 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.19 | -0.76 |
Martin ratioReturn relative to average drawdown | 5.48 | 8.36 | -2.89 |
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 | PRFSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.91 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.06 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.93 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.53 | -0.77 |
Correlation
The correlation between VWITX and PRFSX is 0.57, 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
VWITX vs. PRFSX - Dividend Comparison
VWITX's dividend yield for the trailing twelve months is around 3.25%, less than PRFSX's 3.46% 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% |
PRFSX T. Rowe Price Tax Free Short-Intermediate Fund | 3.46% | 4.12% | 4.43% | 3.67% | 1.09% | 1.22% | 1.49% | 1.62% | 1.48% | 1.37% | 1.34% | 1.41% |
Drawdowns
VWITX vs. PRFSX - Drawdown Comparison
The maximum VWITX drawdown since its inception was -29.13%, which is greater than PRFSX's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for VWITX and PRFSX.
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Drawdown Indicators
| VWITX | PRFSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.13% | -6.97% | -22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -2.18% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -11.46% | -6.97% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -11.46% | -6.97% | -4.49% |
Current DrawdownCurrent decline from peak | -2.64% | -1.25% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -0.90% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.57% | +0.45% |
Volatility
VWITX vs. PRFSX - Volatility Comparison
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) has a higher volatility of 1.01% compared to T. Rowe Price Tax Free Short-Intermediate Fund (PRFSX) at 0.65%. This indicates that VWITX's price experiences larger fluctuations and is considered to be riskier than PRFSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWITX | PRFSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.65% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 1.26% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 2.45% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.22% | 2.19% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.41% | 2.17% | +1.24% |