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VWLUX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VWLUX and BND is -0.13. 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.


-0.50.00.51.0
Correlation: -0.1

Performance

VWLUX vs. BND - Performance Comparison

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

65.00%70.00%75.00%80.00%85.00%90.00%NovemberDecember2025FebruaryMarchApril
81.82%
68.98%
VWLUX
BND

Key characteristics

Sharpe Ratio

VWLUX:

0.10

BND:

1.30

Sortino Ratio

VWLUX:

0.17

BND:

1.89

Omega Ratio

VWLUX:

1.03

BND:

1.23

Calmar Ratio

VWLUX:

0.09

BND:

0.51

Martin Ratio

VWLUX:

0.35

BND:

3.35

Ulcer Index

VWLUX:

1.74%

BND:

2.05%

Daily Std Dev

VWLUX:

5.96%

BND:

5.31%

Max Drawdown

VWLUX:

-16.38%

BND:

-18.84%

Current Drawdown

VWLUX:

-4.92%

BND:

-7.18%

Returns By Period

In the year-to-date period, VWLUX achieves a -2.64% return, which is significantly lower than BND's 2.40% return. Over the past 10 years, VWLUX has outperformed BND with an annualized return of 2.18%, while BND has yielded a comparatively lower 1.37% annualized return.


VWLUX

YTD

-2.64%

1M

-2.12%

6M

-1.86%

1Y

0.70%

5Y*

1.01%

10Y*

2.18%

BND

YTD

2.40%

1M

0.12%

6M

1.40%

1Y

6.96%

5Y*

-0.91%

10Y*

1.37%

*Annualized

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VWLUX vs. BND - Expense Ratio Comparison

VWLUX has a 0.09% expense ratio, which is higher than BND's 0.03% 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%.


Expense ratio chart for VWLUX: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VWLUX: 0.09%
Expense ratio chart for BND: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BND: 0.03%

Risk-Adjusted Performance

VWLUX vs. BND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWLUX
The Risk-Adjusted Performance Rank of VWLUX is 3131
Overall Rank
The Sharpe Ratio Rank of VWLUX is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of VWLUX is 2828
Sortino Ratio Rank
The Omega Ratio Rank of VWLUX is 2929
Omega Ratio Rank
The Calmar Ratio Rank of VWLUX is 3333
Calmar Ratio Rank
The Martin Ratio Rank of VWLUX is 3232
Martin Ratio Rank

BND
The Risk-Adjusted Performance Rank of BND is 8080
Overall Rank
The Sharpe Ratio Rank of BND is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BND is 8484
Omega Ratio Rank
The Calmar Ratio Rank of BND is 6565
Calmar Ratio Rank
The Martin Ratio Rank of BND is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VWLUX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and Vanguard Total Bond Market ETF (BND). 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.


The chart of Sharpe ratio for VWLUX, currently valued at 0.10, compared to the broader market-1.000.001.002.003.00
VWLUX: 0.10
BND: 1.30
The chart of Sortino ratio for VWLUX, currently valued at 0.17, compared to the broader market-2.000.002.004.006.008.00
VWLUX: 0.17
BND: 1.89
The chart of Omega ratio for VWLUX, currently valued at 1.03, compared to the broader market0.501.001.502.002.503.00
VWLUX: 1.03
BND: 1.23
The chart of Calmar ratio for VWLUX, currently valued at 0.09, compared to the broader market0.002.004.006.008.0010.00
VWLUX: 0.09
BND: 0.51
The chart of Martin ratio for VWLUX, currently valued at 0.35, compared to the broader market0.0010.0020.0030.0040.0050.00
VWLUX: 0.35
BND: 3.35

The current VWLUX Sharpe Ratio is 0.10, which is lower than the BND Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of VWLUX and BND, 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 Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.10
1.30
VWLUX
BND

Dividends

VWLUX vs. BND - Dividend Comparison

VWLUX's dividend yield for the trailing twelve months is around 3.66%, less than BND's 3.70% yield.


TTM20242023202220212020201920182017201620152014
VWLUX
Vanguard Long-Term Tax-Exempt Fund Admiral Shares
3.66%3.48%3.17%2.99%2.63%2.85%3.23%3.54%3.55%3.75%3.73%3.88%
BND
Vanguard Total Bond Market ETF
3.70%3.67%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%

Drawdowns

VWLUX vs. BND - Drawdown Comparison

The maximum VWLUX drawdown since its inception was -16.38%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VWLUX and BND. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.92%
-7.18%
VWLUX
BND

Volatility

VWLUX vs. BND - Volatility Comparison

Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) has a higher volatility of 4.63% compared to Vanguard Total Bond Market ETF (BND) at 2.18%. This indicates that VWLUX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
4.63%
2.18%
VWLUX
BND