VWLUX vs. VTEB
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VWLUX is managed by Vanguard. It was launched on Feb 12, 2001. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLUX or VTEB.
Key characteristics
| VWLUX | VTEB | |
|---|---|---|
| YTD Return | 1.89% | 1.20% |
| 1Y Return | 9.21% | 6.89% |
| 3Y Return (Ann) | -0.56% | -0.25% |
| 5Y Return (Ann) | 1.26% | 1.17% |
| Sharpe Ratio | 2.30 | 1.73 |
| Sortino Ratio | 3.45 | 2.57 |
| Omega Ratio | 1.53 | 1.34 |
| Calmar Ratio | 0.87 | 0.87 |
| Martin Ratio | 9.62 | 7.60 |
| Ulcer Index | 0.96% | 0.90% |
| Daily Std Dev | 4.01% | 3.97% |
| Max Drawdown | -16.38% | -17.00% |
| Current Drawdown | -2.38% | -1.60% |
Correlation
The correlation between VWLUX and VTEB is 0.68, 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. VTEB - Performance Comparison
In the year-to-date period, VWLUX achieves a 1.89% return, which is significantly higher than VTEB's 1.20% 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. VTEB - Expense Ratio Comparison
VWLUX has a 0.09% expense ratio, which is higher than VTEB's 0.05% 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. VTEB - 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 Tax-Exempt Bond ETF (VTEB). 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. VTEB - Dividend Comparison
VWLUX's dividend yield for the trailing twelve months is around 3.42%, more than VTEB's 3.11% 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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.11% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
VWLUX vs. VTEB - Drawdown Comparison
The maximum VWLUX drawdown since its inception was -16.38%, roughly equal to the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VWLUX and VTEB. For additional features, visit the drawdowns tool.
Volatility
VWLUX vs. VTEB - Volatility Comparison
Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.93% and 1.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.