VWITX vs. VWENX
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Vanguard Wellington Fund Admiral Shares (VWENX).
VWITX is managed by Vanguard. It was launched on Sep 1, 1977. VWENX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWITX or VWENX.
Key characteristics
| VWITX | VWENX | |
|---|---|---|
| YTD Return | 2.45% | 12.11% |
| 1Y Return | 7.44% | 19.61% |
| 3Y Return (Ann) | 0.30% | 4.80% |
| 5Y Return (Ann) | 1.63% | 8.78% |
| 10Y Return (Ann) | 2.42% | 8.37% |
| Sharpe Ratio | 2.34 | 2.19 |
| Daily Std Dev | 3.11% | 8.82% |
| Max Drawdown | -11.47% | -36.02% |
| Current Drawdown | 0.00% | -0.37% |
Correlation
The correlation between VWITX and VWENX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VWITX vs. VWENX - Performance Comparison
In the year-to-date period, VWITX achieves a 2.45% return, which is significantly lower than VWENX's 12.11% return. Over the past 10 years, VWITX has underperformed VWENX with an annualized return of 2.42%, while VWENX has yielded a comparatively higher 8.37% 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. VWENX - Expense Ratio Comparison
VWITX has a 0.17% expense ratio, which is higher than VWENX's 0.16% 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. VWENX - 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 Admiral Shares (VWENX). 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. VWENX - Dividend Comparison
VWITX's dividend yield for the trailing twelve months is around 2.89%, less than VWENX's 5.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 2.89% | 2.71% | 2.43% | 2.19% | 2.31% | 2.59% | 2.81% | 2.72% | 2.81% | 2.89% | 3.05% | 3.19% |
VWENX Vanguard Wellington Fund Admiral Shares | 5.08% | 6.08% | 8.28% | 8.72% | 7.85% | 4.74% | 9.58% | 6.55% | 4.53% | 6.58% | 6.47% | 6.63% |
Drawdowns
VWITX vs. VWENX - Drawdown Comparison
The maximum VWITX drawdown since its inception was -11.47%, smaller than the maximum VWENX drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for VWITX and VWENX. For additional features, visit the drawdowns tool.
Volatility
VWITX vs. VWENX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) is 0.37%, while Vanguard Wellington Fund Admiral Shares (VWENX) has a volatility of 2.71%. This indicates that VWITX experiences smaller price fluctuations and is considered to be less risky than VWENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.