VWSUX vs. VMLUX
Compare and contrast key facts about Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX).
VWSUX is managed by Vanguard. It was launched on Feb 12, 2001. VMLUX 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: VWSUX or VMLUX.
Key characteristics
| VWSUX | VMLUX | |
|---|---|---|
| YTD Return | 2.84% | 2.60% |
| 1Y Return | 4.63% | 5.39% |
| 3Y Return (Ann) | 2.01% | 1.32% |
| 5Y Return (Ann) | 1.71% | 1.66% |
| 10Y Return (Ann) | 1.44% | 1.70% |
| Sharpe Ratio | 3.84 | 3.25 |
| Sortino Ratio | 9.23 | 5.56 |
| Omega Ratio | 2.55 | 1.95 |
| Calmar Ratio | 9.16 | 3.17 |
| Martin Ratio | 31.89 | 17.20 |
| Ulcer Index | 0.15% | 0.32% |
| Daily Std Dev | 1.21% | 1.69% |
| Max Drawdown | -3.08% | -6.41% |
| Current Drawdown | -0.10% | -0.48% |
Correlation
The correlation between VWSUX and VMLUX is 0.65, 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
VWSUX vs. VMLUX - Performance Comparison
In the year-to-date period, VWSUX achieves a 2.84% return, which is significantly higher than VMLUX's 2.60% return. Over the past 10 years, VWSUX has underperformed VMLUX with an annualized return of 1.44%, while VMLUX has yielded a comparatively higher 1.70% 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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VWSUX vs. VMLUX - Expense Ratio Comparison
Both VWSUX and VMLUX 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
VWSUX vs. VMLUX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX). 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
VWSUX vs. VMLUX - Dividend Comparison
VWSUX's dividend yield for the trailing twelve months is around 3.23%, more than VMLUX's 2.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWSUX Vanguard Short-Term Tax-Exempt Fund Admiral Shares | 3.23% | 2.50% | 1.23% | 0.71% | 1.26% | 1.67% | 1.53% | 1.16% | 0.97% | 0.78% | 0.79% | 0.93% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 2.81% | 2.39% | 1.64% | 1.29% | 1.70% | 1.96% | 1.90% | 1.66% | 1.64% | 1.59% | 1.68% | 1.75% |
Drawdowns
VWSUX vs. VMLUX - Drawdown Comparison
The maximum VWSUX drawdown since its inception was -3.08%, smaller than the maximum VMLUX drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for VWSUX and VMLUX. For additional features, visit the drawdowns tool.
Volatility
VWSUX vs. VMLUX - Volatility Comparison
The current volatility for Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) is 0.44%, while Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) has a volatility of 0.75%. This indicates that VWSUX experiences smaller price fluctuations and is considered to be less risky than VMLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.