VWSTX vs. VFIIX
Compare and contrast key facts about Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) and Vanguard GNMA Fund Investor Shares (VFIIX).
VWSTX is managed by Vanguard. It was launched on Sep 1, 1977. VFIIX is managed by Vanguard. It was launched on Jun 27, 1980.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWSTX or VFIIX.
Key characteristics
| VWSTX | VFIIX | |
|---|---|---|
| YTD Return | 2.77% | 0.89% |
| 1Y Return | 4.48% | 8.17% |
| 3Y Return (Ann) | 1.94% | -1.84% |
| 5Y Return (Ann) | 1.63% | -0.51% |
| 10Y Return (Ann) | 1.35% | 0.81% |
| Sharpe Ratio | 3.77 | 1.28 |
| Sortino Ratio | 8.93 | 1.88 |
| Omega Ratio | 2.50 | 1.23 |
| Calmar Ratio | 8.87 | 0.58 |
| Martin Ratio | 30.74 | 4.41 |
| Ulcer Index | 0.15% | 1.80% |
| Daily Std Dev | 1.19% | 6.19% |
| Max Drawdown | -3.08% | -16.10% |
| Current Drawdown | -0.11% | -6.51% |
Correlation
The correlation between VWSTX and VFIIX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VWSTX vs. VFIIX - Performance Comparison
In the year-to-date period, VWSTX achieves a 2.77% return, which is significantly higher than VFIIX's 0.89% return. Over the past 10 years, VWSTX has outperformed VFIIX with an annualized return of 1.35%, while VFIIX has yielded a comparatively lower 0.81% 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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VWSTX vs. VFIIX - Expense Ratio Comparison
VWSTX has a 0.17% expense ratio, which is lower than VFIIX's 0.21% expense ratio. Despite the difference, 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
VWSTX vs. VFIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) and Vanguard GNMA Fund Investor Shares (VFIIX). 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
VWSTX vs. VFIIX - Dividend Comparison
VWSTX's dividend yield for the trailing twelve months is around 3.16%, less than VFIIX's 3.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWSTX Vanguard Short-Term Tax-Exempt Fund Investor Shares | 3.16% | 2.42% | 1.16% | 0.62% | 1.17% | 1.59% | 1.44% | 1.06% | 0.87% | 0.70% | 0.71% | 0.85% |
VFIIX Vanguard GNMA Fund Investor Shares | 3.52% | 3.24% | 2.35% | 0.75% | 1.87% | 2.76% | 2.90% | 2.65% | 2.30% | 2.34% | 2.58% | 2.31% |
Drawdowns
VWSTX vs. VFIIX - Drawdown Comparison
The maximum VWSTX drawdown since its inception was -3.08%, smaller than the maximum VFIIX drawdown of -16.10%. Use the drawdown chart below to compare losses from any high point for VWSTX and VFIIX. For additional features, visit the drawdowns tool.
Volatility
VWSTX vs. VFIIX - Volatility Comparison
The current volatility for Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) is 0.44%, while Vanguard GNMA Fund Investor Shares (VFIIX) has a volatility of 1.67%. This indicates that VWSTX experiences smaller price fluctuations and is considered to be less risky than VFIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.