VWIUX vs. VWLUX
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX).
VWIUX is managed by Vanguard. It was launched on Feb 12, 2001. VWLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWIUX or VWLUX.
Key characteristics
| VWIUX | VWLUX | |
|---|---|---|
| YTD Return | 1.44% | 1.99% |
| 1Y Return | 6.66% | 9.31% |
| 3Y Return (Ann) | 0.10% | -0.52% |
| 5Y Return (Ann) | 1.48% | 1.35% |
| 10Y Return (Ann) | 2.32% | 2.65% |
| Sharpe Ratio | 2.36 | 2.35 |
| Sortino Ratio | 3.66 | 3.53 |
| Omega Ratio | 1.55 | 1.54 |
| Calmar Ratio | 1.02 | 0.89 |
| Martin Ratio | 9.16 | 9.95 |
| Ulcer Index | 0.74% | 0.95% |
| Daily Std Dev | 2.86% | 4.01% |
| Max Drawdown | -11.49% | -16.38% |
| Current Drawdown | -1.52% | -2.29% |
Correlation
The correlation between VWIUX and VWLUX is 0.92, 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.
Performance
VWIUX vs. VWLUX - Performance Comparison
In the year-to-date period, VWIUX achieves a 1.44% return, which is significantly lower than VWLUX's 1.99% return. Over the past 10 years, VWIUX has underperformed VWLUX with an annualized return of 2.32%, while VWLUX has yielded a comparatively higher 2.65% 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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VWIUX vs. VWLUX - Expense Ratio Comparison
Both VWIUX and VWLUX 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%.
Risk-Adjusted Performance
VWIUX vs. VWLUX - 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 Long-Term Tax-Exempt Fund Admiral Shares (VWLUX). 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
VWIUX vs. VWLUX - Dividend Comparison
VWIUX's dividend yield for the trailing twelve months is around 2.78%, less than VWLUX's 3.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.78% | 2.79% | 2.50% | 2.16% | 2.40% | 2.68% | 2.89% | 2.83% | 2.92% | 2.97% | 3.13% | 3.27% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.42% | 3.17% | 2.99% | 2.63% | 2.85% | 3.23% | 3.54% | 3.55% | 3.75% | 3.73% | 3.88% | 4.14% |
Drawdowns
VWIUX vs. VWLUX - Drawdown Comparison
The maximum VWIUX drawdown since its inception was -11.49%, smaller than the maximum VWLUX drawdown of -16.38%. Use the drawdown chart below to compare losses from any high point for VWIUX and VWLUX. For additional features, visit the drawdowns tool.
Volatility
VWIUX vs. VWLUX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) is 1.35%, while Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) has a volatility of 1.93%. This indicates that VWIUX experiences smaller price fluctuations and is considered to be less risky than VWLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.