CRM vs. VTES
CRM (Salesforce, Inc.) is a stock, while VTES (Vanguard Short-Term Tax-Exempt Bond ETF) is Municipal Bonds fund tracking the S&P 0-7 Year National AMT-Free Municipal Bond Index. Over the past 3 years, CRM returned -9.56%/yr vs 3.10%/yr for VTES. At a 0.02 correlation, their price movements are largely independent.
Performance
CRM vs. VTES - Performance Comparison
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Returns By Period
In the year-to-date period, CRM achieves a -42.04% return, which is significantly lower than VTES's 0.77% return.
CRM
- 1D
- -0.43%
- 1M
- -14.95%
- YTD
- -42.04%
- 6M
- -42.12%
- 1Y
- -43.19%
- 3Y*
- -9.56%
- 5Y*
- -8.47%
- 10Y*
- 7.07%
VTES
- 1D
- 0.01%
- 1M
- 0.59%
- YTD
- 0.77%
- 6M
- 0.88%
- 1Y
- 3.25%
- 3Y*
- 3.10%
- 5Y*
- —
- 10Y*
- —
CRM vs. VTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CRM Salesforce, Inc. | -42.04% | -20.25% | 27.76% | 43.83% |
VTES Vanguard Short-Term Tax-Exempt Bond ETF | 0.77% | 4.19% | 1.85% | 3.32% |
Correlation
The correlation between CRM and VTES is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.02 |
The correlation between CRM and VTES shifts across timeframes, from -0.09 (1 year) to 0.04 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CRM vs. VTES — Risk / Return Rank
CRM
VTES
CRM vs. VTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salesforce, Inc. (CRM) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES). 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.
| CRM | VTES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.76 | ||
| Sortino ratioReturn per unit of downside risk | -5.50 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.61 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.22 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.96 | 6.35 | -8.30 |
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Drawdowns
CRM vs. VTES - Drawdown Comparison
The maximum CRM drawdown since its inception was -70.50%, which is greater than VTES's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for CRM and VTES.
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Drawdown Indicators
| CRM | VTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -2.42% | -68.08% |
Max Drawdown (1Y)Largest decline over 1 year | -44.68% | -1.47% | -43.21% |
Max Drawdown (3Y)Largest decline over 3 years | -58.67% | -1.80% | -56.87% |
Max Drawdown (5Y)Largest decline over 5 years | -58.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | — | — |
Current DrawdownCurrent decline from peak | -57.94% | -0.51% | -57.43% |
Average DrawdownAverage peak-to-trough decline | -16.20% | -0.50% | -15.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.09% | 0.51% | +21.58% |
Volatility
CRM vs. VTES - Volatility Comparison
Salesforce, Inc. (CRM) has a higher volatility of 16.32% compared to Vanguard Short-Term Tax-Exempt Bond ETF (VTES) at 0.27%. This indicates that CRM's price experiences larger fluctuations and is considered to be riskier than VTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRM | VTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.32% | 0.27% | +16.05% |
Volatility (6M)Calculated over the trailing 6-month period | 31.83% | 0.98% | +30.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.24% | 1.24% | +37.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.15% | 1.71% | +35.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.39% | 1.71% | +33.68% |
Dividends
CRM vs. VTES - Dividend Comparison
CRM's dividend yield for the trailing twelve months is around 1.12%, less than VTES's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CRM Salesforce, Inc. | 1.12% | 0.63% | 0.48% | 0.00% |
VTES Vanguard Short-Term Tax-Exempt Bond ETF | 2.75% | 2.77% | 2.99% | 2.03% |
Frequently Asked Questions
CRM and VTES have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRM has higher volatility (16.32%) compared to VTES (0.27%). In terms of maximum drawdown, CRM dropped -70.50% vs VTES's -2.42%.
VTES currently has the higher Sharpe Ratio (2.63 vs -1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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