All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

VWITX: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

VWITX real return snapshot: after CPI-U inflation, VWITX returned −0.52% over the past year and −3.75% YTD, with dividends reinvested. Since Dec. 26, 1979, VWITX is up +148.22% in real purchasing-power return, or +1.97%/yr, and is currently −17.79% below its real total-return high on Feb. 10, 2021.

Data ending Fri Sep. 4, 2026

Growth of $10,000

Wed 1979-12-26💬 to Fri 2026-09-04 Overall
Return 		Exponential
Trendline
VWITX × 		+148.22%
+1.97%/yr 		+2.77%/yr
R2=0.869
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares Mutual Fund

Growth of $10,000 Summary

Wed 1979-12-26💬 to Fri 2026-09-04 Start
Value 		End
Value
VWITX × 		$10,000.00
1979-12-26 		$24,821.86
2026-09-04

This Year’s Performance

through 2026-09-04

  YTD YoY
VWITX × 		−3.75% −0.52%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
VWITX × 		−17.79%
on 2026-09-04
from 2021-02-10 peak 		−34.16%
on 1981-09-14

Rolling Returns

Period ending Fri 2026-09-04 1 yr 2 yr 3 yr 5 yr 10 yr
VWITX × 		−0.52% −1.83%
−0.92%/yr 		+1.57%
+0.52%/yr 		−14.53%
−3.09%/yr 		−12.66%
−1.34%/yr

Annual Returns

Year VWITX
2026 (YTD) −3.75%
2025 +2.31%
2024 −1.14%
2023 +2.39%
2022 −12.56%
2021 −5.54%
2020 +3.74%
2019 +4.42%
2018 −0.63%
2017 +2.39%
2016 −1.94%
2015 +2.13%
2014 +6.46%
2013 −3.01%
2012 +3.90%
2011 +6.49%
2010 +0.34%
2009 +7.30%
2008 −0.19%
2007 −0.62%
2006 +1.90%
2005 −1.14%
2004 +0.00%
2003 +2.53%
2002 +5.37%
2001 +3.49%
2000 +5.69%
1999 −2.82%
1998 +4.11%
1997 +5.32%
1996 +0.87%
1995 +12.30%
1994 −4.65%
1993 +8.61%
1992 +6.20%
1991 +8.87%
1990 +1.07%
1989 +5.17%
1988 +5.40%
1987 −3.39%
1986 +14.84%
1985 +13.12%
1984 +5.44%
1983 +2.61%
1982 +26.33%
1981 −14.92%
1980 −20.30%
1979 −0.17%