VWLUX vs. VITAX
VWLUX (Vanguard Long-Term Tax-Exempt Fund Admiral Shares) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both mutual funds - VWLUX is a Municipal Bonds fund managed by Vanguard, while VITAX is a Technology Equities fund tracking the MSCI US Investable Market Information Technology 25/50 Index. Over the past 10 years, VWLUX returned 2.71%/yr vs 25.97%/yr for VITAX. At a correlation of -0.08, they often move in opposite directions. Both charge a 0.09% expense ratio.
Performance
VWLUX vs. VITAX - Performance Comparison
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Returns By Period
In the year-to-date period, VWLUX achieves a 1.97% return, which is significantly lower than VITAX's 33.66% return. Over the past 10 years, VWLUX has underperformed VITAX with an annualized return of 2.71%, while VITAX has yielded a comparatively higher 25.97% annualized return.
VWLUX
- 1D
- 0.28%
- 1M
- 0.88%
- YTD
- 1.97%
- 6M
- 2.39%
- 1Y
- 8.48%
- 3Y*
- 4.77%
- 5Y*
- 1.32%
- 10Y*
- 2.71%
VITAX
- 1D
- 1.27%
- 1M
- 19.87%
- YTD
- 33.66%
- 6M
- 32.51%
- 1Y
- 62.61%
- 3Y*
- 34.15%
- 5Y*
- 23.05%
- 10Y*
- 25.97%
VWLUX vs. VITAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 1.97% | 4.90% | 2.54% | 7.65% | -10.35% | 1.89% | 6.29% | 8.87% | 0.99% | 6.56% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 33.66% | 21.78% | 29.26% | 52.69% | -29.67% | 30.36% | 45.93% | 48.72% | 2.51% | 37.07% |
Correlation
The correlation between VWLUX and VITAX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004 | -0.08 |
The correlation between VWLUX and VITAX shifts across timeframes, from -0.08 (all time) to 0.08 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VWLUX vs. VITAX — Risk / Return Rank
VWLUX
VITAX
VWLUX vs. VITAX - 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 Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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 | VITAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.51 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 4.00 | -1.27 |
| Martin ratioReturn relative to average drawdown | 9.77 | 12.75 | -2.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWLUX | VITAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 3.18 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.91 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 1.05 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.67 | +0.32 |
Drawdowns
VWLUX vs. VITAX - Drawdown Comparison
The maximum VWLUX drawdown since its inception was -15.94%, smaller than the maximum VITAX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VWLUX and VITAX.
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Drawdown Indicators
| VWLUX | VITAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -54.81% | +38.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -16.38% | +13.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.90% | -27.38% | +20.48% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -35.10% | +19.16% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -35.10% | +19.16% |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -8.02% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 5.13% | -4.27% |
Volatility
VWLUX vs. VITAX - Volatility Comparison
The current volatility for Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) is 1.26%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 6.01%. This indicates that VWLUX experiences smaller price fluctuations and is considered to be less risky than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWLUX | VITAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 6.01% | -4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 16.09% | -13.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 20.61% | -17.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.60% | 25.39% | -20.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 24.84% | -20.33% |
VWLUX vs. VITAX - Expense Ratio Comparison
Both VWLUX and VITAX have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VWLUX vs. VITAX - Dividend Comparison
VWLUX's dividend yield for the trailing twelve months is around 3.77%, more than VITAX's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.30% | 0.40% | 0.60% | 0.65% | 0.91% | 0.63% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.77% | 4.61% | 4.08% | 3.17% | 3.00% | 2.70% | 3.32% | 3.91% | 3.58% | 3.80% | 4.09% | 3.87% |
Frequently Asked Questions
VWLUX and VITAX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VITAX has higher volatility (6.01%) compared to VWLUX (1.26%). In terms of maximum drawdown, VWLUX dropped -15.94% vs VITAX's -54.81%.
VITAX currently has the higher Sharpe Ratio (3.18 vs 2.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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