VWITX vs. RVNU
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU).
VWITX is managed by Vanguard. It was launched on Sep 1, 1977. RVNU is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive Municipal Infrastructure Revenue Bond Index. It was launched on Jun 4, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWITX or RVNU.
Key characteristics
| VWITX | RVNU | |
|---|---|---|
| YTD Return | 1.63% | 2.34% |
| 1Y Return | 6.21% | 9.48% |
| 3Y Return (Ann) | 0.11% | -1.54% |
| 5Y Return (Ann) | 1.41% | 0.89% |
| 10Y Return (Ann) | 2.26% | 2.75% |
| Sharpe Ratio | 2.36 | 1.83 |
| Sortino Ratio | 3.67 | 2.81 |
| Omega Ratio | 1.55 | 1.35 |
| Calmar Ratio | 1.09 | 0.78 |
| Martin Ratio | 9.19 | 9.22 |
| Ulcer Index | 0.74% | 1.21% |
| Daily Std Dev | 2.87% | 6.10% |
| Max Drawdown | -11.56% | -23.51% |
| Current Drawdown | -1.26% | -6.02% |
Correlation
The correlation between VWITX and RVNU is 0.46, 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.
Performance
VWITX vs. RVNU - Performance Comparison
In the year-to-date period, VWITX achieves a 1.63% return, which is significantly lower than RVNU's 2.34% return. Over the past 10 years, VWITX has underperformed RVNU with an annualized return of 2.26%, while RVNU has yielded a comparatively higher 2.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VWITX vs. RVNU - Expense Ratio Comparison
VWITX has a 0.17% expense ratio, which is higher than RVNU's 0.15% 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
VWITX vs. RVNU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU). 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
VWITX vs. RVNU - Dividend Comparison
VWITX's dividend yield for the trailing twelve months is around 2.96%, which matches RVNU's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 2.96% | 2.71% | 2.43% | 2.08% | 2.32% | 2.61% | 2.81% | 2.73% | 2.81% | 2.89% | 3.05% | 3.19% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 2.94% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.00% | 3.15% | 1.95% |
Drawdowns
VWITX vs. RVNU - Drawdown Comparison
The maximum VWITX drawdown since its inception was -11.56%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for VWITX and RVNU. For additional features, visit the drawdowns tool.
Volatility
VWITX vs. RVNU - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) is 1.37%, while Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a volatility of 2.81%. This indicates that VWITX experiences smaller price fluctuations and is considered to be less risky than RVNU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.