VWLTX vs. VTEAX
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
VWLTX is managed by Vanguard. It was launched on Sep 1, 1977. VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLTX or VTEAX.
Key characteristics
| VWLTX | VTEAX | |
|---|---|---|
| YTD Return | 1.92% | 1.35% |
| 1Y Return | 9.24% | 6.94% |
| 3Y Return (Ann) | -0.61% | -0.30% |
| 5Y Return (Ann) | 1.27% | 1.23% |
| Sharpe Ratio | 2.33 | 2.24 |
| Sortino Ratio | 3.50 | 3.33 |
| Omega Ratio | 1.54 | 1.53 |
| Calmar Ratio | 0.87 | 0.88 |
| Martin Ratio | 9.81 | 8.85 |
| Ulcer Index | 0.95% | 0.80% |
| Daily Std Dev | 4.01% | 3.15% |
| Max Drawdown | -16.46% | -12.74% |
| Current Drawdown | -2.55% | -1.61% |
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.
Performance
VWLTX vs. VTEAX - Performance Comparison
In the year-to-date period, VWLTX achieves a 1.92% return, which is significantly higher than VTEAX's 1.35% 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. 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%.
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.
Dividends
VWLTX vs. VTEAX - Dividend Comparison
VWLTX's dividend yield for the trailing twelve months is around 3.35%, more than VTEAX's 3.07% 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% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.07% | 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.
Volatility
VWLTX vs. VTEAX - Volatility Comparison
Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) has a higher volatility of 1.93% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 1.62%. 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.