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.
Key characteristics
| ETX | VTEB | |
|---|---|---|
| YTD Return | 10.82% | 1.28% |
| 1Y Return | 12.28% | 6.29% |
| 3Y Return (Ann) | -1.54% | -0.20% |
| 5Y Return (Ann) | 1.35% | 1.17% |
| Sharpe Ratio | 1.61 | 1.58 |
| Sortino Ratio | 2.49 | 2.31 |
| Omega Ratio | 1.31 | 1.31 |
| Calmar Ratio | 0.71 | 0.84 |
| Martin Ratio | 10.97 | 6.74 |
| Ulcer Index | 1.34% | 0.91% |
| Daily Std Dev | 9.10% | 3.89% |
| Max Drawdown | -32.09% | -17.00% |
| Current Drawdown | -10.79% | -1.52% |
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
In the year-to-date period, ETX achieves a 10.82% return, which is significantly higher than VTEB's 1.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 4.86%, more than VTEB's 3.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETX Eaton Vance Municipal Income 2028 Term Trust | 4.86% | 4.15% | 4.63% | 3.96% | 3.61% | 3.89% | 4.83% | 4.45% | 4.34% | 4.61% | 4.87% | 3.40% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.10% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 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
Eaton Vance Municipal Income 2028 Term Trust (ETX) has a higher volatility of 2.09% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.95%. 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.