ETX vs. VTEB
Compare and contrast key facts about Eaton Vance Municipal Income 2028 Term Trust (ETX) and Vanguard Tax-Exempt Bond ETF (VTEB).
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: ETX or VTEB.
Correlation
The correlation between ETX and VTEB is 0.25, 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.
Performance
ETX vs. VTEB - Performance Comparison
Key characteristics
ETX:
0.75
VTEB:
0.55
ETX:
1.13
VTEB:
0.79
ETX:
1.14
VTEB:
1.10
ETX:
0.33
VTEB:
0.46
ETX:
2.86
VTEB:
2.00
ETX:
2.09%
VTEB:
1.06%
ETX:
7.99%
VTEB:
3.84%
ETX:
-32.08%
VTEB:
-17.00%
ETX:
-11.82%
VTEB:
-1.81%
Returns By Period
In the year-to-date period, ETX achieves a 2.49% return, which is significantly higher than VTEB's -0.22% return.
ETX
2.49%
0.65%
-1.69%
6.40%
0.73%
4.42%
VTEB
-0.22%
0.13%
0.69%
2.25%
0.74%
N/A
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Risk-Adjusted Performance
ETX vs. VTEB — Risk-Adjusted Performance Rank
ETX
VTEB
ETX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Income 2028 Term Trust (ETX) 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
ETX vs. VTEB - Dividend Comparison
ETX's dividend yield for the trailing twelve months is around 5.21%, more than VTEB's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETX Eaton Vance Municipal Income 2028 Term Trust | 5.21% | 5.32% | 4.15% | 4.63% | 3.96% | 3.61% | 3.89% | 4.83% | 4.45% | 4.34% | 4.61% | 4.87% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.14% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
ETX vs. VTEB - Drawdown Comparison
The maximum ETX drawdown since its inception was -32.08%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for ETX and VTEB. For additional features, visit the drawdowns tool.
Volatility
ETX vs. VTEB - Volatility Comparison
Eaton Vance Municipal Income 2028 Term Trust (ETX) has a higher volatility of 1.95% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.27%. This indicates that ETX'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.