VWITX vs. VTEAX
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
VWITX is managed by Vanguard. It was launched on Sep 1, 1977. VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWITX or VTEAX.
Key characteristics
| VWITX | VTEAX | |
|---|---|---|
| YTD Return | 1.63% | 1.40% |
| 1Y Return | 6.21% | 6.17% |
| 3Y Return (Ann) | 0.11% | -0.27% |
| 5Y Return (Ann) | 1.41% | 1.17% |
| Sharpe Ratio | 2.36 | 2.19 |
| Sortino Ratio | 3.67 | 3.25 |
| Omega Ratio | 1.55 | 1.52 |
| Calmar Ratio | 1.09 | 0.95 |
| Martin Ratio | 9.19 | 8.53 |
| Ulcer Index | 0.74% | 0.81% |
| Daily Std Dev | 2.87% | 3.15% |
| Max Drawdown | -11.56% | -12.74% |
| Current Drawdown | -1.26% | -1.56% |
Correlation
The correlation between VWITX and VTEAX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VWITX vs. VTEAX - Performance Comparison
In the year-to-date period, VWITX achieves a 1.63% return, which is significantly higher than VTEAX's 1.40% 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. VTEAX - Expense Ratio Comparison
VWITX has a 0.17% expense ratio, which is higher than VTEAX'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%.
Risk-Adjusted Performance
VWITX vs. VTEAX - 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 Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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. VTEAX - Dividend Comparison
VWITX's dividend yield for the trailing twelve months is around 2.96%, less than VTEAX's 3.07% 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% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.07% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VWITX vs. VTEAX - Drawdown Comparison
The maximum VWITX drawdown since its inception was -11.56%, smaller than the maximum VTEAX drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for VWITX and VTEAX. For additional features, visit the drawdowns tool.
Volatility
VWITX vs. VTEAX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) is 1.37%, while Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) has a volatility of 1.61%. This indicates that VWITX experiences smaller price fluctuations and is considered to be less risky than VTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.