VWLUX vs. VWIUX
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX).
VWLUX is managed by Vanguard. It was launched on Feb 12, 2001. VWIUX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLUX or VWIUX.
Key characteristics
| VWLUX | VWIUX | |
|---|---|---|
| YTD Return | 1.99% | 1.44% |
| 1Y Return | 8.37% | 6.02% |
| 3Y Return (Ann) | -0.52% | 0.10% |
| 5Y Return (Ann) | 1.28% | 1.44% |
| 10Y Return (Ann) | 2.66% | 2.32% |
| Sharpe Ratio | 2.32 | 2.30 |
| Sortino Ratio | 3.49 | 3.57 |
| Omega Ratio | 1.53 | 1.53 |
| Calmar Ratio | 0.95 | 1.09 |
| Martin Ratio | 9.67 | 8.71 |
| Ulcer Index | 0.96% | 0.76% |
| Daily Std Dev | 4.01% | 2.86% |
| Max Drawdown | -16.38% | -11.49% |
| Current Drawdown | -2.29% | -1.52% |
Correlation
The correlation between VWLUX and VWIUX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VWLUX vs. VWIUX - Performance Comparison
In the year-to-date period, VWLUX achieves a 1.99% return, which is significantly higher than VWIUX's 1.44% return. Over the past 10 years, VWLUX has outperformed VWIUX with an annualized return of 2.66%, while VWIUX has yielded a comparatively lower 2.32% 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. VWIUX - Expense Ratio Comparison
Both VWLUX and VWIUX 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%.
Risk-Adjusted Performance
VWLUX vs. VWIUX - 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 Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX). 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. VWIUX - Dividend Comparison
VWLUX's dividend yield for the trailing twelve months is around 3.42%, more than VWIUX's 2.78% 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% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.78% | 2.79% | 2.50% | 2.16% | 2.40% | 2.68% | 2.89% | 2.83% | 2.92% | 2.97% | 3.13% | 3.27% |
Drawdowns
VWLUX vs. VWIUX - Drawdown Comparison
The maximum VWLUX drawdown since its inception was -16.38%, which is greater than VWIUX's maximum drawdown of -11.49%. Use the drawdown chart below to compare losses from any high point for VWLUX and VWIUX. For additional features, visit the drawdowns tool.
Volatility
VWLUX vs. VWIUX - Volatility Comparison
Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) has a higher volatility of 1.92% compared to Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) at 1.34%. This indicates that VWLUX's price experiences larger fluctuations and is considered to be riskier than VWIUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.