VWSTX vs. VMLTX
Compare and contrast key facts about Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) and Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX).
VWSTX is managed by Vanguard. It was launched on Sep 1, 1977. VMLTX is managed by Vanguard. It was launched on Aug 31, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWSTX or VMLTX.
Key characteristics
| VWSTX | VMLTX | |
|---|---|---|
| YTD Return | 2.77% | 2.52% |
| 1Y Return | 4.54% | 5.28% |
| 3Y Return (Ann) | 1.93% | 1.23% |
| 5Y Return (Ann) | 1.63% | 1.58% |
| 10Y Return (Ann) | 1.35% | 1.61% |
| Sharpe Ratio | 3.82 | 3.22 |
| Sortino Ratio | 9.06 | 5.46 |
| Omega Ratio | 2.52 | 1.93 |
| Calmar Ratio | 9.00 | 2.83 |
| Martin Ratio | 31.27 | 16.73 |
| Ulcer Index | 0.15% | 0.32% |
| Daily Std Dev | 1.19% | 1.67% |
| Max Drawdown | -3.08% | -6.41% |
| Current Drawdown | -0.11% | -0.49% |
Correlation
The correlation between VWSTX and VMLTX is 0.64, 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
VWSTX vs. VMLTX - Performance Comparison
In the year-to-date period, VWSTX achieves a 2.77% return, which is significantly higher than VMLTX's 2.52% return. Over the past 10 years, VWSTX has underperformed VMLTX with an annualized return of 1.35%, while VMLTX has yielded a comparatively higher 1.61% 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. VMLTX - Expense Ratio Comparison
Both VWSTX and VMLTX have an expense ratio of 0.17%, 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
VWSTX vs. VMLTX - 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 Limited-Term Tax-Exempt Fund Investor Shares (VMLTX). 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. VMLTX - Dividend Comparison
VWSTX's dividend yield for the trailing twelve months is around 3.16%, more than VMLTX's 2.71% 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% |
VMLTX Vanguard Limited-Term Tax-Exempt Fund Investor Shares | 2.71% | 2.30% | 1.57% | 1.23% | 1.63% | 1.87% | 1.82% | 1.55% | 1.53% | 1.51% | 1.61% | 1.67% |
Drawdowns
VWSTX vs. VMLTX - Drawdown Comparison
The maximum VWSTX drawdown since its inception was -3.08%, smaller than the maximum VMLTX drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for VWSTX and VMLTX. For additional features, visit the drawdowns tool.
Volatility
VWSTX vs. VMLTX - Volatility Comparison
The current volatility for Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) is 0.44%, while Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) has a volatility of 0.75%. This indicates that VWSTX experiences smaller price fluctuations and is considered to be less risky than VMLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.