VWLUX vs. BATEX
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
VWLUX is managed by Vanguard. It was launched on Feb 12, 2001. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
VWLUX vs. BATEX - Performance Comparison
Loading graphics...
VWLUX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | -0.40% | 4.90% | 2.54% | 7.65% | -10.35% | 1.89% | 6.29% | 8.87% | 0.99% | 6.56% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | -0.39% | 3.22% | 4.74% | 6.45% | -14.23% | 8.28% | 5.77% | 10.92% | 1.75% | 8.76% |
Returns By Period
The year-to-date returns for both investments are quite close, with VWLUX having a -0.40% return and BATEX slightly higher at -0.39%. Over the past 10 years, VWLUX has underperformed BATEX with an annualized return of 2.62%, while BATEX has yielded a comparatively higher 2.99% annualized return.
VWLUX
- 1D
- 0.37%
- 1M
- -2.28%
- YTD
- -0.40%
- 6M
- 1.21%
- 1Y
- 4.08%
- 3Y*
- 3.82%
- 5Y*
- 1.18%
- 10Y*
- 2.62%
BATEX
- 1D
- 0.51%
- 1M
- -2.17%
- YTD
- -0.39%
- 6M
- 0.76%
- 1Y
- 1.94%
- 3Y*
- 3.68%
- 5Y*
- 0.78%
- 10Y*
- 2.99%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VWLUX vs. BATEX - Expense Ratio Comparison
VWLUX has a 0.09% expense ratio, which is lower than BATEX's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VWLUX vs. BATEX — Risk / Return Rank
VWLUX
BATEX
VWLUX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX). 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.
| VWLUX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.29 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.14 | 0.44 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 0.43 | +0.58 |
Martin ratioReturn relative to average drawdown | 3.17 | 1.09 | +2.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VWLUX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.29 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.14 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.51 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.59 | +0.38 |
Correlation
The correlation between VWLUX and BATEX is 0.80, 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.
Dividends
VWLUX vs. BATEX - Dividend Comparison
VWLUX's dividend yield for the trailing twelve months is around 3.78%, less than BATEX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.78% | 4.61% | 4.08% | 3.17% | 3.00% | 2.70% | 3.32% | 3.91% | 3.58% | 3.80% | 4.09% | 3.87% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | 4.70% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
Drawdowns
VWLUX vs. BATEX - Drawdown Comparison
The maximum VWLUX drawdown since its inception was -15.94%, smaller than the maximum BATEX drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for VWLUX and BATEX.
Loading graphics...
Drawdown Indicators
| VWLUX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -19.90% | +3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.36% | -7.14% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -19.90% | +3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -19.90% | +3.96% |
Current DrawdownCurrent decline from peak | -2.54% | -2.45% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -4.08% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.80% | -1.09% |
Volatility
VWLUX vs. BATEX - Volatility Comparison
The current volatility for Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) is 1.24%, while BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a volatility of 1.45%. This indicates that VWLUX experiences smaller price fluctuations and is considered to be less risky than BATEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VWLUX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.45% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 2.34% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 7.69% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 5.73% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 5.87% | -1.38% |