VWLUX vs. BND
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and Vanguard Total Bond Market ETF (BND).
VWLUX is managed by Vanguard. It was launched on Feb 12, 2001. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLUX or BND.
Key characteristics
| VWLUX | BND | |
|---|---|---|
| YTD Return | 1.99% | 2.40% |
| 1Y Return | 9.31% | 8.91% |
| 3Y Return (Ann) | -0.52% | -2.38% |
| 5Y Return (Ann) | 1.35% | 0.01% |
| 10Y Return (Ann) | 2.65% | 1.50% |
| Sharpe Ratio | 2.35 | 1.38 |
| Sortino Ratio | 3.53 | 2.03 |
| Omega Ratio | 1.54 | 1.24 |
| Calmar Ratio | 0.89 | 0.51 |
| Martin Ratio | 9.95 | 4.99 |
| Ulcer Index | 0.95% | 1.62% |
| Daily Std Dev | 4.01% | 5.85% |
| Max Drawdown | -16.38% | -18.84% |
| Current Drawdown | -2.29% | -8.44% |
Correlation
The correlation between VWLUX and BND is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VWLUX vs. BND - Performance Comparison
In the year-to-date period, VWLUX achieves a 1.99% 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 2.65%, while BND has yielded a comparatively lower 1.50% annualized 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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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%.
Risk-Adjusted Performance
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.
Dividends
VWLUX vs. BND - Dividend Comparison
VWLUX's dividend yield for the trailing twelve months is around 3.42%, less than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.42% | 3.17% | 2.99% | 2.63% | 2.85% | 3.23% | 3.54% | 3.55% | 3.75% | 3.73% | 3.88% | 4.14% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
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.
Volatility
VWLUX vs. BND - Volatility Comparison
Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) has a higher volatility of 1.93% compared to Vanguard Total Bond Market ETF (BND) at 1.67%. 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.