WNTFX vs. VTMFX

Last updated Jun 19, 2026

WNTFX (Weitz Nebraska Tax-Free Income Fund) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both mutual funds - WNTFX is a Municipal Bonds fund managed by Weitz, while VTMFX is a Diversified Portfolio fund tracking the Composite benchmark: Russell 1000 Index and Bloomberg 1-15 Year Municipal Bond Index. At a 0.05 correlation, their price movements are largely independent. WNTFX charges 0.45%/yr vs 0.05%/yr for VTMFX.

Performance

WNTFX vs. VTMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Nebraska Tax-Free Income Fund (WNTFX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WNTFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTMFX

• 1D: -0.58%
• 1M: 1.36%
• YTD: 4.85%
• 6M: 5.48%
• 1Y: 15.07%
• 3Y*: 11.72%
• 5Y*: 7.11%
• 10Y*: 8.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WNTFX vs. VTMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WNTFX Weitz Nebraska Tax-Free Income Fund	0.67%	4.56%	1.19%	3.79%	-4.84%	0.35%	3.64%	4.05%	0.67%	1.61%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	4.85%	11.28%	12.17%	15.55%	-12.69%	13.10%	13.31%	18.01%	-1.40%	12.61%

Correlation

The correlation between WNTFX and VTMFX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.05

The correlation between WNTFX and VTMFX shifts across timeframes, from 0.05 (all time) to 0.23 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

WNTFX vs. VTMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WNTFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VTMFX

VTMFX Risk / Return Rank: 74
VTMFX Sharpe Ratio Rank: 79
VTMFX Sortino Ratio Rank: 77
VTMFX Omega Ratio Rank: 76
VTMFX Calmar Ratio Rank: 61
VTMFX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WNTFX vs. VTMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Nebraska Tax-Free Income Fund (WNTFX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WNTFX	VTMFX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.36	—
Sortino ratio: Return per unit of downside risk	—	3.32	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	2.82	—
Martin ratio: Return relative to average drawdown	—	13.18	—

Drawdowns

Drawdown Indicators

	WNTFX	VTMFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.49%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.38%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.87%	—
Current Drawdown Current decline from peak	—	-1.12%	—
Average Drawdown Average peak-to-trough decline	—	-3.55%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.15%	—

Volatility

Volatility by Period

	WNTFX	VTMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.44%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.57%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.15%	—

WNTFX vs. VTMFX - Expense Ratio Comparison

WNTFX has a 0.45% expense ratio, which is higher than VTMFX's 0.05% expense ratio.

Dividends

WNTFX vs. VTMFX - Dividend Comparison

WNTFX's dividend yield for the trailing twelve months is around 1.98%, less than VTMFX's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	2.13%	2.14%	2.08%	1.94%	1.85%	1.38%	1.72%	2.05%	2.22%	2.00%	2.13%	2.06%
WNTFX Weitz Nebraska Tax-Free Income Fund	1.98%	2.27%	2.03%	2.02%	1.97%	1.14%	1.60%	1.24%	1.48%	1.41%	1.72%	1.95%

Frequently Asked Questions

Can I hold both WNTFX and VTMFX in my portfolio?

WNTFX and VTMFX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.