VWLTX vs. VWAHX
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
VWLTX is managed by Vanguard. It was launched on Sep 1, 1977. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLTX or VWAHX.
Correlation
The correlation between VWLTX and VWAHX is 0.91, 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. VWAHX - Performance Comparison
Key characteristics
VWLTX:
0.38
VWAHX:
0.80
VWLTX:
0.53
VWAHX:
1.11
VWLTX:
1.08
VWAHX:
1.17
VWLTX:
0.24
VWAHX:
0.50
VWLTX:
1.36
VWAHX:
3.35
VWLTX:
1.06%
VWAHX:
0.96%
VWLTX:
3.83%
VWAHX:
4.02%
VWLTX:
-16.46%
VWAHX:
-22.42%
VWLTX:
-3.44%
VWAHX:
-2.57%
Returns By Period
In the year-to-date period, VWLTX achieves a 0.98% return, which is significantly lower than VWAHX's 2.71% return. Over the past 10 years, VWLTX has underperformed VWAHX with an annualized return of 2.42%, while VWAHX has yielded a comparatively higher 2.98% annualized return.
VWLTX
0.98%
-1.19%
0.60%
1.44%
0.97%
2.42%
VWAHX
2.71%
-0.99%
1.12%
3.22%
1.37%
2.98%
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VWLTX vs. VWAHX - Expense Ratio Comparison
Both VWLTX and VWAHX have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VWLTX vs. VWAHX - 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 High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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. VWAHX - Dividend Comparison
VWLTX's dividend yield for the trailing twelve months is around 3.10%, less than VWAHX's 3.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.75% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
Drawdowns
VWLTX vs. VWAHX - Drawdown Comparison
The maximum VWLTX drawdown since its inception was -16.46%, smaller than the maximum VWAHX drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for VWLTX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
VWLTX vs. VWAHX - Volatility Comparison
The current volatility for Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) is 1.41%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 1.57%. This indicates that VWLTX experiences smaller price fluctuations and is considered to be less risky than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.