CALY vs. VTEB
Compare and contrast key facts about Callaway Golf Company (CALY) and Vanguard Tax-Exempt Bond ETF (VTEB).
CALY is an actively managed fund by BlackRock. It was launched on Jul 11, 2023. 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.
Performance
CALY vs. VTEB - Performance Comparison
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CALY vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CALY Callaway Golf Company | 18.42% | 48.47% | -45.19% | -27.39% | -28.02% | 14.29% | 13.39% | 38.88% | 10.07% | 27.51% |
VTEB Vanguard Tax-Exempt Bond ETF | 0.09% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Returns By Period
In the year-to-date period, CALY achieves a 18.42% return, which is significantly higher than VTEB's 0.09% return. Over the past 10 years, CALY has outperformed VTEB with an annualized return of 4.38%, while VTEB has yielded a comparatively lower 2.09% annualized return.
CALY
- 1D
- -0.43%
- 1M
- -2.68%
- YTD
- 18.42%
- 6M
- 41.16%
- 1Y
- 119.37%
- 3Y*
- -13.86%
- 5Y*
- -12.63%
- 10Y*
- 4.38%
VTEB
- 1D
- 0.32%
- 1M
- -1.61%
- YTD
- 0.09%
- 6M
- 1.54%
- 1Y
- 3.92%
- 3Y*
- 2.78%
- 5Y*
- 0.88%
- 10Y*
- 2.09%
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Return for Risk
CALY vs. VTEB — Risk / Return Rank
CALY
VTEB
CALY vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Callaway Golf Company (CALY) 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.
| CALY | VTEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 0.99 | +0.87 |
Sortino ratioReturn per unit of downside risk | 2.34 | 1.25 | +1.09 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 4.47 | 1.25 | +3.21 |
Martin ratioReturn relative to average drawdown | 11.84 | 3.69 | +8.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CALY | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 0.99 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.23 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.40 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.45 | -0.35 |
Correlation
The correlation between CALY and VTEB is 0.05, 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.
Dividends
CALY vs. VTEB - Dividend Comparison
CALY has not paid dividends to shareholders, while VTEB's dividend yield for the trailing twelve months is around 3.37%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALY Callaway Golf Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.19% | 0.26% | 0.29% | 0.36% | 0.42% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.37% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
CALY vs. VTEB - Drawdown Comparison
The maximum CALY drawdown since its inception was -85.06%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for CALY and VTEB.
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Drawdown Indicators
| CALY | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.06% | -17.00% | -68.06% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -3.45% | -21.11% |
Max Drawdown (5Y)Largest decline over 5 years | -85.06% | -12.64% | -72.42% |
Max Drawdown (10Y)Largest decline over 10 years | -85.06% | -17.00% | -68.06% |
Current DrawdownCurrent decline from peak | -62.94% | -1.86% | -61.08% |
Average DrawdownAverage peak-to-trough decline | -50.32% | -2.35% | -47.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.27% | 1.17% | +8.10% |
Volatility
CALY vs. VTEB - Volatility Comparison
Callaway Golf Company (CALY) has a higher volatility of 13.88% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.37%. This indicates that CALY'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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Volatility by Period
| CALY | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.88% | 1.37% | +12.51% |
Volatility (6M)Calculated over the trailing 6-month period | 41.49% | 1.87% | +39.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.74% | 4.00% | +60.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.61% | 3.88% | +46.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.90% | 5.25% | +43.65% |