Correlation
The correlation between AVMU and VTEB is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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.
Performance
AVMU vs. VTEB - Performance Comparison
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Key characteristics
AVMU:
0.13
VTEB:
0.28
AVMU:
0.17
VTEB:
0.48
AVMU:
1.03
VTEB:
1.07
AVMU:
0.09
VTEB:
0.35
AVMU:
0.32
VTEB:
1.00
AVMU:
1.84%
VTEB:
1.68%
AVMU:
5.73%
VTEB:
4.76%
AVMU:
-12.41%
VTEB:
-17.00%
AVMU:
-3.83%
VTEB:
-3.16%
Returns By Period
In the year-to-date period, AVMU achieves a -2.20% return, which is significantly lower than VTEB's -1.59% return.
AVMU
-2.20%
-0.26%
-3.32%
0.62%
1.44%
N/A
N/A
VTEB
-1.59%
-0.25%
-2.85%
1.32%
1.45%
0.44%
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 Rank
AVMU
VTEB
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.
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Dividends
AVMU vs. VTEB - Dividend Comparison
AVMU's dividend yield for the trailing twelve months is around 3.53%, which matches VTEB's 3.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AVMU Avantis Core Municipal Fixed Income ETF | 3.53% | 3.33% | 2.51% | 1.29% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.55% | 3.14% | 2.79% | 2.09% | 1.64% | 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.
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Volatility
AVMU vs. VTEB - Volatility Comparison
Avantis Core Municipal Fixed Income ETF (AVMU) has a higher volatility of 1.21% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.04%. This indicates that AVMU's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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