VWIUX vs. VTEB
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VWIUX is managed by Vanguard. It was launched on Feb 12, 2001. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Performance
VWIUX vs. VTEB - Performance Comparison
Loading graphics...
VWIUX vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | -0.47% | 5.99% | 2.34% | 5.90% | -6.83% | 0.81% | 5.23% | 7.10% | 1.34% | 4.65% |
VTEB Vanguard Tax-Exempt Bond ETF | 0.09% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Returns By Period
In the year-to-date period, VWIUX achieves a -0.47% return, which is significantly lower than VTEB's 0.09% return. Over the past 10 years, VWIUX has outperformed VTEB with an annualized return of 2.38%, while VTEB has yielded a comparatively lower 2.09% annualized return.
VWIUX
- 1D
- 0.22%
- 1M
- -2.36%
- YTD
- -0.47%
- 6M
- 1.10%
- 1Y
- 4.55%
- 3Y*
- 3.74%
- 5Y*
- 1.58%
- 10Y*
- 2.38%
VTEB
- 1D
- 0.32%
- 1M
- -1.61%
- YTD
- 0.09%
- 6M
- 1.54%
- 1Y
- 3.92%
- 3Y*
- 2.78%
- 5Y*
- 0.88%
- 10Y*
- 2.09%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VWIUX vs. VTEB - Expense Ratio Comparison
VWIUX has a 0.09% 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%.
Return for Risk
VWIUX vs. VTEB — Risk / Return Rank
VWIUX
VTEB
VWIUX vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) 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.
| VWIUX | VTEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 0.99 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.25 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.25 | +0.20 |
Martin ratioReturn relative to average drawdown | 5.60 | 3.69 | +1.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VWIUX | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 0.99 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.23 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.40 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.45 | +0.66 |
Correlation
The correlation between VWIUX and VTEB is 0.68, 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.
Dividends
VWIUX vs. VTEB - Dividend Comparison
VWIUX's dividend yield for the trailing twelve months is around 3.32%, less than VTEB's 3.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.32% | 4.06% | 3.63% | 2.78% | 2.51% | 1.89% | 2.40% | 2.88% | 2.89% | 2.82% | 2.91% | 2.96% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.37% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
VWIUX vs. VTEB - Drawdown Comparison
The maximum VWIUX drawdown since its inception was -11.38%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VWIUX and VTEB.
Loading graphics...
Drawdown Indicators
| VWIUX | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.38% | -17.00% | +5.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -3.45% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -12.64% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -11.38% | -17.00% | +5.62% |
Current DrawdownCurrent decline from peak | -2.64% | -1.86% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -2.35% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.17% | -0.16% |
Volatility
VWIUX vs. VTEB - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) is 1.01%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.37%. This indicates that VWIUX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VWIUX | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.37% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 1.87% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 4.00% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 3.88% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 5.25% | -1.83% |