VWLUX vs. VTIAX
VWLUX (Vanguard Long-Term Tax-Exempt Fund Admiral Shares) and VTIAX (Vanguard Total International Stock Index Fund Admiral Shares) are both mutual funds - VWLUX is a Municipal Bonds fund managed by Vanguard, while VTIAX is a Foreign Large Cap Equities fund tracking the FTSE Global All Cap ex US Index. Over the past 10 years, VWLUX returned 2.42%/yr vs 9.42%/yr for VTIAX. Their -0.06 correlation means they have often moved in opposite directions in the past. Both charge a 0.09% expense ratio.
Performance
VWLUX vs. VTIAX - Performance Comparison
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Returns By Period
In the year-to-date period, VWLUX achieves a 0.42% return, which is significantly lower than VTIAX's 13.61% return. Over the past 10 years, VWLUX has underperformed VTIAX with an annualized return of 2.42%, while VTIAX has yielded a comparatively higher 9.42% annualized return.
VWLUX
- 1D
- 0.00%
- 1M
- -2.29%
- 6M
- -0.35%
- YTD
- 0.42%
- 1Y
- 5.74%
- 3Y*
- 4.37%
- 5Y*
- 0.79%
- 10Y*
- 2.42%
- ALL TIME*
- 3.81%
VTIAX
- 1D
- 0.66%
- 1M
- 0.84%
- 6M
- 6.63%
- YTD
- 13.61%
- 1Y
- 26.92%
- 3Y*
- 18.24%
- 5Y*
- 8.71%
- 10Y*
- 9.42%
- ALL TIME*
- 7.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VWLUX vs. VTIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 0.42% | 4.90% | 2.54% | 7.65% | -10.35% | 1.89% | 6.29% | 8.87% | 0.99% | 6.56% |
VTIAX Vanguard Total International Stock Index Fund Admiral Shares | 13.61% | 32.18% | 5.34% | 15.28% | -16.02% | 8.59% | 11.27% | 21.52% | -14.46% | 27.54% |
Correlation
The correlation between VWLUX and VTIAX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2010 | -0.06 |
The correlation between VWLUX and VTIAX shifts across timeframes, from -0.06 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VWLUX vs. VTIAX — Risk / Return Rank
VWLUX
VTIAX
VWLUX vs. VTIAX - 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 Total International Stock Index Fund Admiral Shares (VTIAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VWLUX | VTIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.33 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.55 | -0.65 |
| Martin ratioReturn relative to average drawdown | 6.36 | 9.44 | -3.08 |
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Drawdowns
VWLUX vs. VTIAX - Drawdown Comparison
The maximum VWLUX drawdown since its inception was -15.94%, smaller than the maximum VTIAX drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for VWLUX and VTIAX.
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Drawdown Indicators
| VWLUX | VTIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -35.83% | +19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -11.28% | +8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.76% | -13.13% | +7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -29.52% | +13.71% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -35.83% | +19.89% |
Current DrawdownCurrent decline from peak | -2.29% | -1.91% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -8.02% | +5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 3.04% | -2.12% |
Volatility
VWLUX vs. VTIAX - Volatility Comparison
The current volatility for Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) is 1.00%, while Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) has a volatility of 5.29%. This indicates that VWLUX experiences smaller price fluctuations and is considered to be less risky than VTIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWLUX | VTIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 5.29% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 14.05% | -11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 15.96% | -12.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 15.37% | -10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 15.83% | -11.31% |
VWLUX vs. VTIAX - Expense Ratio Comparison
Both VWLUX and VTIAX 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. VTIAX - Dividend Comparison
VWLUX's dividend yield for the trailing twelve months is around 3.54%, more than VTIAX's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIAX Vanguard Total International Stock Index Fund Admiral Shares | 2.53% | 3.15% | 3.33% | 3.22% | 3.04% | 3.05% | 2.10% | 3.04% | 3.16% | 2.73% | 2.93% | 2.84% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.54% | 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 VTIAX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTIAX has higher volatility (5.29%) compared to VWLUX (1.00%). In terms of maximum drawdown, VWLUX dropped -15.94% vs VTIAX's -35.83%.
VWLUX currently has the higher Sharpe Ratio (1.89 vs 1.80), 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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