VWLTX vs. VBLIX
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX).
VWLTX is managed by Vanguard. It was launched on Sep 1, 1977. VBLIX is managed by Vanguard. It was launched on Oct 6, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLTX or VBLIX.
Performance
VWLTX vs. VBLIX - Performance Comparison
Returns By Period
In the year-to-date period, VWLTX achieves a 2.20% return, which is significantly higher than VBLIX's -2.19% return. Over the past 10 years, VWLTX has outperformed VBLIX with an annualized return of 2.59%, while VBLIX has yielded a comparatively lower 1.15% annualized return.
VWLTX
2.20%
-0.26%
2.85%
7.76%
1.21%
2.59%
VBLIX
-2.19%
-2.54%
2.45%
7.33%
-3.61%
1.15%
Key characteristics
| VWLTX | VBLIX | |
|---|---|---|
| Sharpe Ratio | 2.06 | 0.67 |
| Sortino Ratio | 3.04 | 1.02 |
| Omega Ratio | 1.46 | 1.12 |
| Calmar Ratio | 0.87 | 0.23 |
| Martin Ratio | 8.18 | 1.81 |
| Ulcer Index | 0.99% | 4.40% |
| Daily Std Dev | 3.91% | 11.84% |
| Max Drawdown | -16.46% | -40.07% |
| Current Drawdown | -2.28% | -29.74% |
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VWLTX vs. VBLIX - Expense Ratio Comparison
VWLTX has a 0.17% expense ratio, which is higher than VBLIX's 0.04% 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%.
Correlation
The correlation between VWLTX and VBLIX is 0.51, 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.
Risk-Adjusted Performance
VWLTX vs. VBLIX - 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 Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX). 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. VBLIX - Dividend Comparison
VWLTX's dividend yield for the trailing twelve months is around 3.34%, less than VBLIX's 4.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWLTX Vanguard Long-Term Tax-Exempt Fund Investor Shares | 3.34% | 3.09% | 2.91% | 2.56% | 2.79% | 3.14% | 3.43% | 3.44% | 3.64% | 3.67% | 3.79% | 4.07% |
VBLIX Vanguard Long-Term Bond Index Fund Institutional Plus | 4.49% | 4.11% | 4.00% | 2.88% | 2.98% | 3.47% | 4.01% | 3.71% | 4.03% | 4.26% | 4.05% | 4.66% |
Drawdowns
VWLTX vs. VBLIX - Drawdown Comparison
The maximum VWLTX drawdown since its inception was -16.46%, smaller than the maximum VBLIX drawdown of -40.07%. Use the drawdown chart below to compare losses from any high point for VWLTX and VBLIX. For additional features, visit the drawdowns tool.
Volatility
VWLTX vs. VBLIX - Volatility Comparison
The current volatility for Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) is 1.91%, while Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) has a volatility of 3.66%. This indicates that VWLTX experiences smaller price fluctuations and is considered to be less risky than VBLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.