AVMU vs. VTEB
Compare and contrast key facts about Avantis Core Municipal Fixed Income ETF (AVMU) and Vanguard Tax-Exempt Bond ETF (VTEB).
AVMU and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVMU is an actively managed fund by American Century Investments. It was launched on Dec 8, 2020. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVMU or VTEB.
Correlation
The correlation between AVMU and VTEB is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AVMU vs. VTEB - Performance Comparison
Key characteristics
AVMU:
0.42
VTEB:
0.34
AVMU:
0.59
VTEB:
0.50
AVMU:
1.08
VTEB:
1.06
AVMU:
0.31
VTEB:
0.28
AVMU:
2.19
VTEB:
1.37
AVMU:
0.65%
VTEB:
0.96%
AVMU:
3.41%
VTEB:
3.82%
AVMU:
-12.41%
VTEB:
-17.00%
AVMU:
-2.06%
VTEB:
-1.94%
Returns By Period
In the year-to-date period, AVMU achieves a 1.31% return, which is significantly higher than VTEB's 0.96% return.
AVMU
1.31%
-0.52%
1.31%
1.51%
N/A
N/A
VTEB
0.96%
-0.67%
1.23%
1.26%
0.97%
N/A
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AVMU vs. VTEB - Expense Ratio Comparison
AVMU has a 0.15% expense ratio, which is higher than VTEB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AVMU vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Municipal Fixed Income ETF (AVMU) and Vanguard Tax-Exempt Bond ETF (VTEB). 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
AVMU vs. VTEB - Dividend Comparison
AVMU's dividend yield for the trailing twelve months is around 3.34%, more than VTEB's 2.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVMU Avantis Core Municipal Fixed Income ETF | 3.34% | 2.51% | 1.29% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 2.87% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
AVMU vs. VTEB - Drawdown Comparison
The maximum AVMU drawdown since its inception was -12.41%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for AVMU and VTEB. For additional features, visit the drawdowns tool.
Volatility
AVMU vs. VTEB - Volatility Comparison
Avantis Core Municipal Fixed Income ETF (AVMU) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.15% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.