PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
VWLTX vs. VTEAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VWLTX and VTEAX is 0.89, 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.


-0.50.00.51.00.9

Performance

VWLTX vs. VTEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%JulyAugustSeptemberOctoberNovemberDecember
0.59%
0.50%
VWLTX
VTEAX

Key characteristics

Sharpe Ratio

VWLTX:

0.38

VTEAX:

0.24

Sortino Ratio

VWLTX:

0.53

VTEAX:

0.34

Omega Ratio

VWLTX:

1.08

VTEAX:

1.05

Calmar Ratio

VWLTX:

0.24

VTEAX:

0.16

Martin Ratio

VWLTX:

1.36

VTEAX:

0.85

Ulcer Index

VWLTX:

1.06%

VTEAX:

0.87%

Daily Std Dev

VWLTX:

3.83%

VTEAX:

3.08%

Max Drawdown

VWLTX:

-16.46%

VTEAX:

-12.74%

Current Drawdown

VWLTX:

-3.44%

VTEAX:

-2.44%

Returns By Period

In the year-to-date period, VWLTX achieves a 0.98% return, which is significantly higher than VTEAX's 0.49% return.


VWLTX

YTD

0.98%

1M

-1.19%

6M

0.60%

1Y

1.44%

5Y*

0.97%

10Y*

2.42%

VTEAX

YTD

0.49%

1M

-1.24%

6M

0.49%

1Y

0.69%

5Y*

0.86%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VWLTX vs. VTEAX - Expense Ratio Comparison

VWLTX has a 0.17% expense ratio, which is higher than VTEAX's 0.09% 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%.


VWLTX
Vanguard Long-Term Tax-Exempt Fund Investor Shares
Expense ratio chart for VWLTX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%
Expense ratio chart for VTEAX: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

VWLTX vs. VTEAX - 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 Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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.


Sharpe ratio
The chart of Sharpe ratio for VWLTX, currently valued at 0.38, compared to the broader market-1.000.001.002.003.004.000.380.24
The chart of Sortino ratio for VWLTX, currently valued at 0.53, compared to the broader market-2.000.002.004.006.008.0010.000.530.34
The chart of Omega ratio for VWLTX, currently valued at 1.08, compared to the broader market0.501.001.502.002.503.003.501.081.05
The chart of Calmar ratio for VWLTX, currently valued at 0.24, compared to the broader market0.002.004.006.008.0010.0012.000.240.16
The chart of Martin ratio for VWLTX, currently valued at 1.36, compared to the broader market0.0020.0040.0060.001.360.85
VWLTX
VTEAX

The current VWLTX Sharpe Ratio is 0.38, which is higher than the VTEAX Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of VWLTX and VTEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.38
0.24
VWLTX
VTEAX

Dividends

VWLTX vs. VTEAX - Dividend Comparison

VWLTX's dividend yield for the trailing twelve months is around 3.10%, more than VTEAX's 2.59% yield.


TTM20232022202120202019201820172016201520142013
VWLTX
Vanguard Long-Term Tax-Exempt Fund Investor Shares
3.10%3.09%2.91%2.56%2.79%3.14%3.43%3.44%3.64%3.67%3.79%4.07%
VTEAX
Vanguard Tax-Exempt Bond Index Fund Admiral Shares
2.59%2.75%2.06%1.61%1.97%2.28%2.24%0.34%0.00%0.00%0.00%0.00%

Drawdowns

VWLTX vs. VTEAX - Drawdown Comparison

The maximum VWLTX drawdown since its inception was -16.46%, which is greater than VTEAX's maximum drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for VWLTX and VTEAX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.44%
-2.44%
VWLTX
VTEAX

Volatility

VWLTX vs. VTEAX - Volatility Comparison

Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) has a higher volatility of 1.41% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 1.23%. This indicates that VWLTX's price experiences larger fluctuations and is considered to be riskier than VTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.41%
1.23%
VWLTX
VTEAX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab