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VWITX vs. VTEB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VWITX and VTEB is 0.67, 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.


-0.50.00.51.00.7

Performance

VWITX vs. VTEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Vanguard Tax-Exempt Bond ETF (VTEB). The values are adjusted to include any dividend payments, if applicable.

21.00%22.00%23.00%24.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
22.41%
22.47%
VWITX
VTEB

Key characteristics

Sharpe Ratio

VWITX:

0.57

VTEB:

0.34

Sortino Ratio

VWITX:

0.80

VTEB:

0.50

Omega Ratio

VWITX:

1.12

VTEB:

1.06

Calmar Ratio

VWITX:

0.44

VTEB:

0.28

Martin Ratio

VWITX:

2.00

VTEB:

1.37

Ulcer Index

VWITX:

0.80%

VTEB:

0.96%

Daily Std Dev

VWITX:

2.83%

VTEB:

3.82%

Max Drawdown

VWITX:

-22.09%

VTEB:

-17.00%

Current Drawdown

VWITX:

-1.81%

VTEB:

-1.94%

Returns By Period

In the year-to-date period, VWITX achieves a 1.22% return, which is significantly higher than VTEB's 0.96% return.


VWITX

YTD

1.22%

1M

-0.55%

6M

1.16%

1Y

1.60%

5Y*

1.21%

10Y*

2.18%

VTEB

YTD

0.96%

1M

-0.67%

6M

1.23%

1Y

1.26%

5Y*

0.97%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VWITX vs. VTEB - Expense Ratio Comparison

VWITX has a 0.17% expense ratio, which is higher than VTEB's 0.05% 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%.


VWITX
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares
Expense ratio chart for VWITX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%
Expense ratio chart for VTEB: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

VWITX vs. VTEB - 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 ETF (VTEB). 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.


Sharpe ratio
The chart of Sharpe ratio for VWITX, currently valued at 0.57, compared to the broader market-1.000.001.002.003.004.000.570.34
The chart of Sortino ratio for VWITX, currently valued at 0.80, compared to the broader market-2.000.002.004.006.008.0010.000.800.50
The chart of Omega ratio for VWITX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.003.501.121.06
The chart of Calmar ratio for VWITX, currently valued at 0.44, compared to the broader market0.002.004.006.008.0010.0012.0014.000.440.28
The chart of Martin ratio for VWITX, currently valued at 2.00, compared to the broader market0.0020.0040.0060.002.001.37
VWITX
VTEB

The current VWITX Sharpe Ratio is 0.57, which is higher than the VTEB Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of VWITX and VTEB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.57
0.34
VWITX
VTEB

Dividends

VWITX vs. VTEB - Dividend Comparison

VWITX's dividend yield for the trailing twelve months is around 3.00%, more than VTEB's 2.87% yield.


TTM20232022202120202019201820172016201520142013
VWITX
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares
3.00%2.71%2.43%2.08%2.32%2.61%2.81%2.73%2.81%2.89%3.05%3.19%
VTEB
Vanguard Tax-Exempt Bond ETF
2.87%2.79%2.09%1.65%1.99%2.30%2.25%1.96%1.66%0.58%0.00%0.00%

Drawdowns

VWITX vs. VTEB - Drawdown Comparison

The maximum VWITX drawdown since its inception was -22.09%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VWITX and VTEB. For additional features, visit the drawdowns tool.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.81%
-1.94%
VWITX
VTEB

Volatility

VWITX vs. VTEB - Volatility Comparison

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.15% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.15%
1.17%
VWITX
VTEB
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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