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:
0.78
VTEB:
0.14
ETX:
1.15
VTEB:
0.20
ETX:
1.14
VTEB:
1.03
ETX:
0.36
VTEB:
0.13
ETX:
2.53
VTEB:
0.49
ETX:
2.23%
VTEB:
1.30%
ETX:
7.21%
VTEB:
4.65%
ETX:
-32.09%
VTEB:
-17.00%
ETX:
-11.52%
VTEB:
-3.72%
Returns By Period
In the year-to-date period, ETX achieves a 2.84% return, which is significantly higher than VTEB's -2.16% return.
ETX
2.84%
-1.77%
-2.42%
5.04%
1.27%
4.48%
VTEB
-2.16%
-2.06%
-2.61%
0.55%
0.56%
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 5.71%, more than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETX Eaton Vance Municipal Income 2028 Term Trust | 5.71% | 5.33% | 4.15% | 4.62% | 3.96% | 3.60% | 3.88% | 4.83% | 4.45% | 4.33% | 4.60% | 4.85% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 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 -32.09%, 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
The current volatility for Eaton Vance Municipal Income 2028 Term Trust (ETX) is 2.65%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 2.97%. This indicates that ETX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.