VWITX vs. VWELX
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Vanguard Wellington Fund Investor Shares (VWELX).
VWITX is managed by Vanguard. It was launched on Sep 1, 1977. VWELX is managed by Vanguard. It was launched on Jul 1, 1929.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWITX or VWELX.
Key characteristics
| VWITX | VWELX | |
|---|---|---|
| YTD Return | 1.63% | 15.81% |
| 1Y Return | 6.21% | 22.17% |
| 3Y Return (Ann) | 0.11% | 4.89% |
| 5Y Return (Ann) | 1.41% | 8.86% |
| 10Y Return (Ann) | 2.26% | 8.60% |
| Sharpe Ratio | 2.36 | 2.86 |
| Sortino Ratio | 3.67 | 3.99 |
| Omega Ratio | 1.55 | 1.54 |
| Calmar Ratio | 1.09 | 3.19 |
| Martin Ratio | 9.19 | 19.96 |
| Ulcer Index | 0.74% | 1.21% |
| Daily Std Dev | 2.87% | 8.42% |
| Max Drawdown | -11.56% | -36.12% |
| Current Drawdown | -1.26% | -0.53% |
Correlation
The correlation between VWITX and VWELX is 0.08, 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.
Performance
VWITX vs. VWELX - Performance Comparison
In the year-to-date period, VWITX achieves a 1.63% return, which is significantly lower than VWELX's 15.81% return. Over the past 10 years, VWITX has underperformed VWELX with an annualized return of 2.26%, while VWELX has yielded a comparatively higher 8.60% 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. VWELX - Expense Ratio Comparison
VWITX has a 0.17% expense ratio, which is lower than VWELX's 0.24% expense ratio. Despite the difference, 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. VWELX - 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 Wellington Fund Investor Shares (VWELX). 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. VWELX - Dividend Comparison
VWITX's dividend yield for the trailing twelve months is around 2.96%, less than VWELX's 5.38% 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% |
VWELX Vanguard Wellington Fund Investor Shares | 5.38% | 6.01% | 2.25% | 1.71% | 2.07% | 2.53% | 3.00% | 2.45% | 2.56% | 3.25% | 2.55% | 2.50% |
Drawdowns
VWITX vs. VWELX - Drawdown Comparison
The maximum VWITX drawdown since its inception was -11.56%, smaller than the maximum VWELX drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for VWITX and VWELX. For additional features, visit the drawdowns tool.
Volatility
VWITX vs. VWELX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) is 1.37%, while Vanguard Wellington Fund Investor Shares (VWELX) has a volatility of 2.65%. This indicates that VWITX experiences smaller price fluctuations and is considered to be less risky than VWELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.