VWLTX vs. VGLT
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard Long-Term Treasury ETF (VGLT).
VWLTX is managed by Vanguard. It was launched on Sep 1, 1977. VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLTX or VGLT.
Performance
VWLTX vs. VGLT - Performance Comparison
Returns By Period
In the year-to-date period, VWLTX achieves a 2.20% return, which is significantly higher than VGLT's -4.31% return. Over the past 10 years, VWLTX has outperformed VGLT with an annualized return of 2.59%, while VGLT has yielded a comparatively lower 0.01% annualized return.
VWLTX
2.20%
0.38%
3.52%
7.25%
1.21%
2.59%
VGLT
-4.31%
-1.77%
1.54%
4.37%
-5.35%
0.01%
Key characteristics
| VWLTX | VGLT | |
|---|---|---|
| Sharpe Ratio | 1.94 | 0.35 |
| Sortino Ratio | 2.86 | 0.58 |
| Omega Ratio | 1.44 | 1.07 |
| Calmar Ratio | 0.85 | 0.11 |
| Martin Ratio | 7.60 | 0.83 |
| Ulcer Index | 0.99% | 5.59% |
| Daily Std Dev | 3.90% | 13.42% |
| Max Drawdown | -16.46% | -46.18% |
| Current Drawdown | -2.28% | -38.53% |
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VWLTX vs. VGLT - Expense Ratio Comparison
VWLTX has a 0.17% expense ratio, which is higher than VGLT'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 VGLT is 0.48, 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. VGLT - 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 Treasury ETF (VGLT). 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. VGLT - Dividend Comparison
VWLTX's dividend yield for the trailing twelve months is around 3.34%, less than VGLT's 4.11% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.11% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
Drawdowns
VWLTX vs. VGLT - Drawdown Comparison
The maximum VWLTX drawdown since its inception was -16.46%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for VWLTX and VGLT. For additional features, visit the drawdowns tool.
Volatility
VWLTX vs. VGLT - Volatility Comparison
The current volatility for Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) is 1.65%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 4.05%. This indicates that VWLTX experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.