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EINC vs. VTEB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EINC vs. VTEB

Last updated Jun 5, 2026

EINC (VanEck Energy Income ETF) and VTEB (Vanguard Tax-Exempt Bond ETF) are both exchange-traded funds - EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index, while VTEB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Over the past 10 years, EINC returned 11.62%/yr vs 2.12%/yr for VTEB. At a correlation of -0.01, they often move in opposite directions. EINC charges 0.45%/yr vs 0.03%/yr for VTEB.

Performance

EINC vs. VTEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Energy Income ETF (EINC) and Vanguard Tax-Exempt Bond ETF (VTEB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EINC achieves a 26.33% return, which is significantly higher than VTEB's 1.60% return. Over the past 10 years, EINC has outperformed VTEB with an annualized return of 11.62%, while VTEB has yielded a comparatively lower 2.12% annualized return.

EINC

1D
1.28%
1M
0.04%
YTD
26.33%
6M
24.35%
1Y
29.22%
3Y*
29.81%
5Y*
21.04%
10Y*
11.62%

VTEB

1D
0.14%
1M
0.75%
YTD
1.60%
6M
2.05%
1Y
7.03%
3Y*
3.54%
5Y*
0.91%
10Y*
2.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EINC vs. VTEB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EINC
VanEck Energy Income ETF		26.33%7.11%42.79%15.55%19.18%38.05%-19.89%16.98%-19.85%-3.45%
VTEB
Vanguard Tax-Exempt Bond ETF		1.60%3.72%1.31%6.15%-7.99%1.14%5.19%7.35%1.04%4.87%

Correlation

The correlation between EINC and VTEB is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.18

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (10Y)
Calculated over the trailing 10-year period

0.00

Correlation (All Time)
Calculated using the full available price history since Aug 26, 2015

-0.01

The correlation between EINC and VTEB shifts across timeframes, from -0.18 (1 year) to 0.04 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Energy Income ETF

Vanguard Tax-Exempt Bond ETF

Often compared with EINC:
EINC vs. XLEEINC vs. BIZDEINC vs. EMLPEINC vs. SMHEINC vs. IXCEINC vs. VPUEINC vs. ERY
Often compared with VTEB:
VTEB vs. MUBVTEB vs. VTESVTEB vs. BNDVTEB vs. VWIUXVTEB vs. VTEIVTEB vs. VWAHXVTEB vs. VTEAX

Return for Risk

EINC vs. VTEB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EINC
EINC Risk / Return Rank: 6262
Overall Rank
EINC Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
EINC Sortino Ratio Rank: 5858
Sortino Ratio Rank
EINC Omega Ratio Rank: 5858
Omega Ratio Rank
EINC Calmar Ratio Rank: 7575
Calmar Ratio Rank
EINC Martin Ratio Rank: 5959
Martin Ratio Rank
VTEB
VTEB Risk / Return Rank: 7373
Overall Rank
VTEB Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
VTEB Sortino Ratio Rank: 8787
Sortino Ratio Rank
VTEB Omega Ratio Rank: 9090
Omega Ratio Rank
VTEB Calmar Ratio Rank: 5454
Calmar Ratio Rank
VTEB Martin Ratio Rank: 5555
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EINC vs. VTEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Energy Income ETF (EINC) 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.

EINCVTEBDifference
Sharpe ratioReturn per unit of total volatility
2.00
2.61

-0.61

Sortino ratioReturn per unit of downside risk
2.70
3.86

-1.16

Omega ratioGain probability vs. loss probability

1.35

1.57

-0.22

Calmar ratioReturn relative to maximum drawdown

3.72

2.60

+1.12

Martin ratioReturn relative to average drawdown

10.27

9.25

+1.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EINC vs. VTEB - Sharpe Ratio Comparison

The current EINC Sharpe Ratio is 2.00, which is comparable to the VTEB Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of EINC and VTEB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EINCVTEBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.00

2.61

-0.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.08

0.23

+0.85

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

0.40

+0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.04

0.48

-0.44

Drawdowns

EINC vs. VTEB - Drawdown Comparison

The maximum EINC drawdown since its inception was -87.55%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for EINC and VTEB.

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Drawdown Indicators

EINCVTEBDifference

Max Drawdown

Largest peak-to-trough decline

-87.55%

-17.00%

-70.55%

Max Drawdown (1Y)

Largest decline over 1 year

-7.89%

-2.71%

-5.18%

Max Drawdown (3Y)

Largest decline over 3 years

-16.01%

-5.53%

-10.48%

Max Drawdown (5Y)

Largest decline over 5 years

-19.87%

-12.64%

-7.23%

Max Drawdown (10Y)

Largest decline over 10 years

-68.85%

-17.00%

-51.85%

Current Drawdown

Current decline from peak

-4.23%

-0.38%

-3.85%

Average Drawdown

Average peak-to-trough decline

-44.28%

-2.33%

-41.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

0.76%

+2.09%

Volatility

EINC vs. VTEB - Volatility Comparison

VanEck Energy Income ETF (EINC) has a higher volatility of 6.52% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.90%. This indicates that EINC'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

EINCVTEBDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.52%

0.90%

+5.62%

Volatility (6M)

Calculated over the trailing 6-month period

11.55%

2.01%

+9.54%

Volatility (1Y)

Calculated over the trailing 1-year period

14.74%

2.72%

+12.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.58%

3.90%

+15.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.43%

5.26%

+20.17%

EINC vs. VTEB - Expense Ratio Comparison

EINC has a 0.45% expense ratio, which is higher than VTEB's 0.03% expense ratio.

Dividends

EINC vs. VTEB - Dividend Comparison

EINC's dividend yield for the trailing twelve months is around 3.50%, more than VTEB's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
EINC
VanEck Energy Income ETF		3.50%4.51%3.33%3.77%2.89%6.03%6.69%9.66%11.31%8.53%9.71%28.53%
VTEB
Vanguard Tax-Exempt Bond ETF		3.35%3.29%3.14%2.79%2.09%1.64%1.99%2.30%2.25%1.96%1.66%0.58%

Frequently Asked Questions

EINC and VTEB have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EINC has higher volatility (6.52%) compared to VTEB (0.90%). In terms of maximum drawdown, EINC dropped -87.55% vs VTEB's -17.00%.

On 10-year performance, EINC leads with 11.62% vs 2.12% for VTEB. On fees, VTEB is cheaper at 0.03% per year. On volatility, VTEB has been the lower-risk option at 0.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EINC has performed better with a 11.62% return vs 2.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTEB is cheaper with a 0.03% expense ratio, compared with 0.45% for EINC.

EINC has the higher dividend yield at 3.50%, compared with 3.35% for VTEB.

EINC is categorized as Energy Equities, while VTEB is Municipal Bonds. EINC tracks MVIS North America Energy Infrastructure Index, while VTEB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.45% for EINC and 0.03% for VTEB.

VTEB currently has the higher Sharpe Ratio (2.61 vs 2.00), 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.

Portfolio Optimizer

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