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VWIUX vs. VMLUX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VWIUX and VMLUX is -0.07. 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.


-0.50.00.51.0
Correlation: -0.1

Performance

VWIUX vs. VMLUX - Performance Comparison

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

60.00%70.00%80.00%90.00%100.00%110.00%NovemberDecember2025FebruaryMarchApril
106.78%
65.82%
VWIUX
VMLUX

Key characteristics

Sharpe Ratio

VWIUX:

0.34

VMLUX:

1.30

Sortino Ratio

VWIUX:

0.46

VMLUX:

1.80

Omega Ratio

VWIUX:

1.08

VMLUX:

1.33

Calmar Ratio

VWIUX:

0.34

VMLUX:

1.53

Martin Ratio

VWIUX:

1.27

VMLUX:

6.26

Ulcer Index

VWIUX:

1.13%

VMLUX:

0.49%

Daily Std Dev

VWIUX:

4.31%

VMLUX:

2.38%

Max Drawdown

VWIUX:

-11.49%

VMLUX:

-6.41%

Current Drawdown

VWIUX:

-2.81%

VMLUX:

-1.28%

Returns By Period

In the year-to-date period, VWIUX achieves a -1.35% return, which is significantly lower than VMLUX's 0.10% return. Over the past 10 years, VWIUX has outperformed VMLUX with an annualized return of 2.07%, while VMLUX has yielded a comparatively lower 1.68% annualized return.


VWIUX

YTD

-1.35%

1M

-1.44%

6M

-0.63%

1Y

1.45%

5Y*

1.30%

10Y*

2.07%

VMLUX

YTD

0.10%

1M

-0.58%

6M

0.66%

1Y

3.08%

5Y*

1.72%

10Y*

1.68%

*Annualized

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VWIUX vs. VMLUX - Expense Ratio Comparison

Both VWIUX and VMLUX have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Expense ratio chart for VWIUX: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VWIUX: 0.09%
Expense ratio chart for VMLUX: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VMLUX: 0.09%

Risk-Adjusted Performance

VWIUX vs. VMLUX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWIUX
The Risk-Adjusted Performance Rank of VWIUX is 4646
Overall Rank
The Sharpe Ratio Rank of VWIUX is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of VWIUX is 4141
Sortino Ratio Rank
The Omega Ratio Rank of VWIUX is 4545
Omega Ratio Rank
The Calmar Ratio Rank of VWIUX is 5252
Calmar Ratio Rank
The Martin Ratio Rank of VWIUX is 4848
Martin Ratio Rank

VMLUX
The Risk-Adjusted Performance Rank of VMLUX is 8787
Overall Rank
The Sharpe Ratio Rank of VMLUX is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of VMLUX is 8484
Sortino Ratio Rank
The Omega Ratio Rank of VMLUX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of VMLUX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of VMLUX is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VWIUX vs. VMLUX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX). 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.


The chart of Sharpe ratio for VWIUX, currently valued at 0.34, compared to the broader market-1.000.001.002.003.00
VWIUX: 0.34
VMLUX: 1.30
The chart of Sortino ratio for VWIUX, currently valued at 0.46, compared to the broader market-2.000.002.004.006.008.00
VWIUX: 0.46
VMLUX: 1.80
The chart of Omega ratio for VWIUX, currently valued at 1.08, compared to the broader market0.501.001.502.002.503.00
VWIUX: 1.08
VMLUX: 1.33
The chart of Calmar ratio for VWIUX, currently valued at 0.34, compared to the broader market0.002.004.006.008.0010.00
VWIUX: 0.34
VMLUX: 1.53
The chart of Martin ratio for VWIUX, currently valued at 1.27, compared to the broader market0.0010.0020.0030.0040.0050.00
VWIUX: 1.27
VMLUX: 6.26

The current VWIUX Sharpe Ratio is 0.34, which is lower than the VMLUX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of VWIUX and VMLUX, 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 Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.34
1.30
VWIUX
VMLUX

Dividends

VWIUX vs. VMLUX - Dividend Comparison

VWIUX's dividend yield for the trailing twelve months is around 3.22%, more than VMLUX's 2.96% yield.


TTM20242023202220212020201920182017201620152014
VWIUX
Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares
3.22%3.10%2.79%2.50%2.16%2.40%2.68%2.89%2.83%2.92%2.97%3.13%
VMLUX
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares
2.96%2.87%2.38%1.64%1.29%1.70%1.94%1.88%1.64%1.64%1.59%1.68%

Drawdowns

VWIUX vs. VMLUX - Drawdown Comparison

The maximum VWIUX drawdown since its inception was -11.49%, which is greater than VMLUX's maximum drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for VWIUX and VMLUX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.81%
-1.28%
VWIUX
VMLUX

Volatility

VWIUX vs. VMLUX - Volatility Comparison

Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) has a higher volatility of 3.28% compared to Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) at 1.75%. This indicates that VWIUX's price experiences larger fluctuations and is considered to be riskier than VMLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%NovemberDecember2025FebruaryMarchApril
3.28%
1.75%
VWIUX
VMLUX