VWSUX vs. VMATX
Compare and contrast key facts about Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) and Vanguard Massachusetts Tax-Exempt Fund (VMATX).
VWSUX is managed by Vanguard. It was launched on Feb 12, 2001. VMATX is managed by Vanguard. It was launched on Dec 9, 1998.
Performance
VWSUX vs. VMATX - Performance Comparison
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VWSUX vs. VMATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWSUX Vanguard Short-Term Tax-Exempt Fund Admiral Shares | 0.30% | 4.90% | 3.77% | 3.70% | -0.73% | 0.19% | 1.91% | 2.59% | 1.67% | 1.10% |
VMATX Vanguard Massachusetts Tax-Exempt Fund | -0.50% | 4.96% | 2.53% | 7.19% | -10.79% | 1.65% | 6.47% | 8.93% | 0.47% | 6.02% |
Returns By Period
In the year-to-date period, VWSUX achieves a 0.30% return, which is significantly higher than VMATX's -0.50% return. Over the past 10 years, VWSUX has underperformed VMATX with an annualized return of 1.94%, while VMATX has yielded a comparatively higher 2.36% annualized return.
VWSUX
- 1D
- 0.06%
- 1M
- -0.50%
- YTD
- 0.30%
- 6M
- 0.98%
- 1Y
- 3.57%
- 3Y*
- 3.86%
- 5Y*
- 2.40%
- 10Y*
- 1.94%
VMATX
- 1D
- 0.40%
- 1M
- -2.43%
- YTD
- -0.50%
- 6M
- 1.21%
- 1Y
- 4.36%
- 3Y*
- 3.67%
- 5Y*
- 0.98%
- 10Y*
- 2.36%
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VWSUX vs. VMATX - Expense Ratio Comparison
VWSUX has a 0.09% expense ratio, which is lower than VMATX's 0.13% 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%.
Return for Risk
VWSUX vs. VMATX — Risk / Return Rank
VWSUX
VMATX
VWSUX vs. VMATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) and Vanguard Massachusetts Tax-Exempt Fund (VMATX). 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.
| VWSUX | VMATX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 0.86 | +1.73 |
Sortino ratioReturn per unit of downside risk | 4.85 | 1.17 | +3.67 |
Omega ratioGain probability vs. loss probability | 2.16 | 1.24 | +0.92 |
Calmar ratioReturn relative to maximum drawdown | 4.22 | 1.07 | +3.15 |
Martin ratioReturn relative to average drawdown | 18.88 | 3.52 | +15.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWSUX | VMATX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 0.86 | +1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.01 | 0.21 | +1.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.75 | 0.51 | +1.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.04 | 0.99 | +1.05 |
Correlation
The correlation between VWSUX and VMATX is 0.59, 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.
Dividends
VWSUX vs. VMATX - Dividend Comparison
VWSUX's dividend yield for the trailing twelve months is around 3.19%, less than VMATX's 3.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWSUX Vanguard Short-Term Tax-Exempt Fund Admiral Shares | 3.19% | 4.00% | 3.82% | 2.27% | 1.24% | 0.63% | 1.26% | 1.79% | 1.53% | 1.16% | 0.97% | 0.78% |
VMATX Vanguard Massachusetts Tax-Exempt Fund | 3.64% | 4.46% | 3.98% | 3.06% | 2.69% | 2.26% | 3.22% | 3.63% | 3.07% | 2.91% | 3.55% | 3.22% |
Drawdowns
VWSUX vs. VMATX - Drawdown Comparison
The maximum VWSUX drawdown since its inception was -3.08%, smaller than the maximum VMATX drawdown of -15.91%. Use the drawdown chart below to compare losses from any high point for VWSUX and VMATX.
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Drawdown Indicators
| VWSUX | VMATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.08% | -15.91% | +12.83% |
Max Drawdown (1Y)Largest decline over 1 year | -1.01% | -5.36% | +4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -2.23% | -15.91% | +13.68% |
Max Drawdown (10Y)Largest decline over 10 years | -3.08% | -15.91% | +12.83% |
Current DrawdownCurrent decline from peak | -0.63% | -2.72% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -2.10% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 1.63% | -1.40% |
Volatility
VWSUX vs. VMATX - Volatility Comparison
The current volatility for Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) is 0.28%, while Vanguard Massachusetts Tax-Exempt Fund (VMATX) has a volatility of 1.39%. This indicates that VWSUX experiences smaller price fluctuations and is considered to be less risky than VMATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWSUX | VMATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 1.39% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 0.76% | 2.03% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 5.66% | -4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.20% | 4.62% | -3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.11% | 4.63% | -3.52% |