VWLTX vs. VMATX
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard Massachusetts Tax-Exempt Fund (VMATX).
VWLTX is managed by Vanguard. It was launched on Sep 1, 1977. VMATX is managed by Vanguard. It was launched on Dec 9, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLTX or VMATX.
Correlation
The correlation between VWLTX and VMATX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VWLTX vs. VMATX - Performance Comparison
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Key characteristics
VWLTX:
0.06
VMATX:
0.03
VWLTX:
0.12
VMATX:
0.10
VWLTX:
1.02
VMATX:
1.02
VWLTX:
0.05
VMATX:
0.03
VWLTX:
0.19
VMATX:
0.13
VWLTX:
1.93%
VMATX:
2.00%
VWLTX:
5.94%
VMATX:
6.18%
VWLTX:
-16.02%
VMATX:
-16.24%
VWLTX:
-3.78%
VMATX:
-4.81%
Returns By Period
In the year-to-date period, VWLTX achieves a -1.72% return, which is significantly higher than VMATX's -1.90% return. Over the past 10 years, VWLTX has outperformed VMATX with an annualized return of 2.51%, while VMATX has yielded a comparatively lower 2.04% annualized return.
VWLTX
-1.72%
0.76%
-1.79%
0.45%
1.17%
2.51%
VMATX
-1.90%
0.72%
-1.83%
0.27%
0.55%
2.04%
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VWLTX vs. VMATX - Expense Ratio Comparison
VWLTX has a 0.17% expense ratio, which is higher than VMATX's 0.13% 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%.
Risk-Adjusted Performance
VWLTX vs. VMATX — Risk-Adjusted Performance Rank
VWLTX
VMATX
VWLTX vs. VMATX - 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 Massachusetts Tax-Exempt Fund (VMATX). 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.
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Dividends
VWLTX vs. VMATX - Dividend Comparison
VWLTX's dividend yield for the trailing twelve months is around 3.25%, which matches VMATX's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWLTX Vanguard Long-Term Tax-Exempt Fund Investor Shares | 3.25% | 3.40% | 3.09% | 2.91% | 3.07% | 3.24% | 3.57% | 3.50% | 3.69% | 3.97% | 3.80% | 4.02% |
VMATX Vanguard Massachusetts Tax-Exempt Fund | 3.27% | 3.42% | 3.06% | 2.69% | 2.65% | 3.22% | 3.40% | 3.06% | 2.91% | 3.56% | 3.21% | 3.78% |
Drawdowns
VWLTX vs. VMATX - Drawdown Comparison
The maximum VWLTX drawdown since its inception was -16.02%, roughly equal to the maximum VMATX drawdown of -16.24%. Use the drawdown chart below to compare losses from any high point for VWLTX and VMATX. For additional features, visit the drawdowns tool.
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Volatility
VWLTX vs. VMATX - Volatility Comparison
The current volatility for Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) is 2.99%, while Vanguard Massachusetts Tax-Exempt Fund (VMATX) has a volatility of 3.24%. This indicates that VWLTX experiences smaller price fluctuations and is considered to be less risky than VMATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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