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

Correlation

The correlation between VWITX and VWLTX is 0.89, 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.


-0.50.00.51.00.9

Performance

VWITX vs. VWLTX - 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 Long-Term Tax-Exempt Fund Investor Shares (VWLTX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%JulyAugustSeptemberOctoberNovemberDecember
1.16%
0.60%
VWITX
VWLTX

Key characteristics

Sharpe Ratio

VWITX:

0.57

VWLTX:

0.40

Sortino Ratio

VWITX:

0.80

VWLTX:

0.56

Omega Ratio

VWITX:

1.12

VWLTX:

1.08

Calmar Ratio

VWITX:

0.44

VWLTX:

0.25

Martin Ratio

VWITX:

2.00

VWLTX:

1.46

Ulcer Index

VWITX:

0.80%

VWLTX:

1.05%

Daily Std Dev

VWITX:

2.83%

VWLTX:

3.82%

Max Drawdown

VWITX:

-22.09%

VWLTX:

-16.46%

Current Drawdown

VWITX:

-1.81%

VWLTX:

-3.44%

Returns By Period

In the year-to-date period, VWITX achieves a 1.22% return, which is significantly higher than VWLTX's 0.98% return. Over the past 10 years, VWITX has underperformed VWLTX with an annualized return of 2.18%, while VWLTX has yielded a comparatively higher 2.40% annualized return.


VWITX

YTD

1.22%

1M

-0.55%

6M

1.16%

1Y

1.60%

5Y*

1.21%

10Y*

2.18%

VWLTX

YTD

0.98%

1M

-1.19%

6M

0.60%

1Y

1.44%

5Y*

0.97%

10Y*

2.40%

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. VWLTX - Expense Ratio Comparison

Both VWITX and VWLTX have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically 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 VWLTX: 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%

Risk-Adjusted Performance

VWITX vs. VWLTX - 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 Long-Term Tax-Exempt Fund Investor Shares (VWLTX). 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-1.000.001.002.003.004.000.570.40
The chart of Sortino ratio for VWITX, currently valued at 0.80, compared to the broader market-2.000.002.004.006.008.0010.000.800.56
The chart of Omega ratio for VWITX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.003.501.121.08
The chart of Calmar ratio for VWITX, currently valued at 0.44, compared to the broader market0.002.004.006.008.0010.0012.0014.000.440.25
The chart of Martin ratio for VWITX, currently valued at 2.00, compared to the broader market0.0020.0040.0060.002.001.46
VWITX
VWLTX

The current VWITX Sharpe Ratio is 0.57, which is higher than the VWLTX Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of VWITX and VWLTX, 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
0.40
VWITX
VWLTX

Dividends

VWITX vs. VWLTX - Dividend Comparison

VWITX's dividend yield for the trailing twelve months is around 3.00%, less than VWLTX's 3.10% 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%
VWLTX
Vanguard Long-Term Tax-Exempt Fund Investor Shares
3.10%3.09%2.91%2.56%2.79%3.14%3.43%3.44%3.64%3.67%3.79%4.07%

Drawdowns

VWITX vs. VWLTX - Drawdown Comparison

The maximum VWITX drawdown since its inception was -22.09%, which is greater than VWLTX's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for VWITX and VWLTX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.81%
-3.44%
VWITX
VWLTX

Volatility

VWITX vs. VWLTX - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) is 1.15%, while Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) has a volatility of 1.41%. This indicates that VWITX experiences smaller price fluctuations and is considered to be less risky than VWLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.15%
1.41%
VWITX
VWLTX
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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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