VWLTX vs. MINT
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and PIMCO Enhanced Short Maturity Strategy Fund (MINT).
VWLTX is managed by Vanguard. It was launched on Sep 1, 1977. MINT is an actively managed fund by PIMCO. It was launched on Nov 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLTX or MINT.
Key characteristics
| VWLTX | MINT | |
|---|---|---|
| YTD Return | 1.92% | 5.15% |
| 1Y Return | 9.24% | 6.09% |
| 3Y Return (Ann) | -0.61% | 3.37% |
| 5Y Return (Ann) | 1.27% | 2.44% |
| 10Y Return (Ann) | 2.56% | 2.12% |
| Sharpe Ratio | 2.33 | 13.65 |
| Sortino Ratio | 3.50 | 32.69 |
| Omega Ratio | 1.54 | 9.54 |
| Calmar Ratio | 0.87 | 47.15 |
| Martin Ratio | 9.81 | 511.23 |
| Ulcer Index | 0.95% | 0.01% |
| Daily Std Dev | 4.01% | 0.45% |
| Max Drawdown | -16.46% | -4.62% |
| Current Drawdown | -2.55% | 0.00% |
Correlation
The correlation between VWLTX and MINT is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VWLTX vs. MINT - Performance Comparison
In the year-to-date period, VWLTX achieves a 1.92% return, which is significantly lower than MINT's 5.15% return. Over the past 10 years, VWLTX has outperformed MINT with an annualized return of 2.56%, while MINT has yielded a comparatively lower 2.12% 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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VWLTX vs. MINT - Expense Ratio Comparison
VWLTX has a 0.17% expense ratio, which is lower than MINT's 0.36% expense ratio.
Risk-Adjusted Performance
VWLTX vs. MINT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and PIMCO Enhanced Short Maturity Strategy Fund (MINT). 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
VWLTX vs. MINT - Dividend Comparison
VWLTX's dividend yield for the trailing twelve months is around 3.35%, less than MINT's 5.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWLTX Vanguard Long-Term Tax-Exempt Fund Investor Shares | 3.35% | 3.09% | 2.91% | 2.56% | 2.79% | 3.14% | 3.43% | 3.44% | 3.64% | 3.67% | 3.79% | 4.07% |
MINT PIMCO Enhanced Short Maturity Strategy Fund | 5.32% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% | 0.80% | 0.88% |
Drawdowns
VWLTX vs. MINT - Drawdown Comparison
The maximum VWLTX drawdown since its inception was -16.46%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for VWLTX and MINT. For additional features, visit the drawdowns tool.
Volatility
VWLTX vs. MINT - Volatility Comparison
Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) has a higher volatility of 1.93% compared to PIMCO Enhanced Short Maturity Strategy Fund (MINT) at 0.11%. This indicates that VWLTX's price experiences larger fluctuations and is considered to be riskier than MINT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.