PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FDAAX vs. VTEB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDAAX and VTEB is 0.09, 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.


-0.50.00.51.00.1

Performance

FDAAX vs. VTEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Floating Rate Daily Access Fund (FDAAX) and Vanguard Tax-Exempt Bond ETF (VTEB). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%AugustSeptemberOctoberNovemberDecember2025
2.76%
0.97%
FDAAX
VTEB

Key characteristics

Sharpe Ratio

FDAAX:

2.48

VTEB:

0.29

Sortino Ratio

FDAAX:

5.76

VTEB:

0.42

Omega Ratio

FDAAX:

2.10

VTEB:

1.05

Calmar Ratio

FDAAX:

6.42

VTEB:

0.23

Martin Ratio

FDAAX:

26.69

VTEB:

1.08

Ulcer Index

FDAAX:

0.28%

VTEB:

1.01%

Daily Std Dev

FDAAX:

3.01%

VTEB:

3.81%

Max Drawdown

FDAAX:

-25.73%

VTEB:

-17.00%

Current Drawdown

FDAAX:

-0.78%

VTEB:

-2.01%

Returns By Period

In the year-to-date period, FDAAX achieves a 0.13% return, which is significantly higher than VTEB's -0.42% return.


FDAAX

YTD

0.13%

1M

-0.78%

6M

2.76%

1Y

7.47%

5Y*

4.91%

10Y*

4.12%

VTEB

YTD

-0.42%

1M

-1.89%

6M

0.97%

1Y

1.03%

5Y*

0.81%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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


FDAAX vs. VTEB - Expense Ratio Comparison

FDAAX has a 0.67% expense ratio, which is higher than VTEB's 0.05% expense ratio.


FDAAX
Franklin Floating Rate Daily Access Fund
Expense ratio chart for FDAAX: current value at 0.67% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.67%
Expense ratio chart for VTEB: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

FDAAX vs. VTEB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDAAX
The Risk-Adjusted Performance Rank of FDAAX is 9797
Overall Rank
The Sharpe Ratio Rank of FDAAX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of FDAAX is 9797
Sortino Ratio Rank
The Omega Ratio Rank of FDAAX is 9797
Omega Ratio Rank
The Calmar Ratio Rank of FDAAX is 9797
Calmar Ratio Rank
The Martin Ratio Rank of FDAAX is 9797
Martin Ratio Rank

VTEB
The Risk-Adjusted Performance Rank of VTEB is 1818
Overall Rank
The Sharpe Ratio Rank of VTEB is 1818
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEB is 1616
Sortino Ratio Rank
The Omega Ratio Rank of VTEB is 1717
Omega Ratio Rank
The Calmar Ratio Rank of VTEB is 2121
Calmar Ratio Rank
The Martin Ratio Rank of VTEB is 2020
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FDAAX vs. VTEB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund (FDAAX) 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.


Sharpe ratio
The chart of Sharpe ratio for FDAAX, currently valued at 2.48, compared to the broader market-1.000.001.002.003.004.002.480.29
The chart of Sortino ratio for FDAAX, currently valued at 5.76, compared to the broader market-2.000.002.004.006.008.0010.005.760.42
The chart of Omega ratio for FDAAX, currently valued at 2.10, compared to the broader market0.501.001.502.002.503.003.502.101.05
The chart of Calmar ratio for FDAAX, currently valued at 6.42, compared to the broader market0.005.0010.006.420.23
The chart of Martin ratio for FDAAX, currently valued at 26.69, compared to the broader market0.0020.0040.0060.0026.691.08
FDAAX
VTEB

The current FDAAX Sharpe Ratio is 2.48, which is higher than the VTEB Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of FDAAX and VTEB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00AugustSeptemberOctoberNovemberDecember2025
2.48
0.29
FDAAX
VTEB

Dividends

FDAAX vs. VTEB - Dividend Comparison

FDAAX's dividend yield for the trailing twelve months is around 8.17%, more than VTEB's 3.15% yield.


TTM20242023202220212020201920182017201620152014
FDAAX
Franklin Floating Rate Daily Access Fund
8.17%8.19%8.34%5.91%3.70%5.07%5.63%5.20%3.81%4.58%5.12%4.16%
VTEB
Vanguard Tax-Exempt Bond ETF
3.15%3.14%2.79%2.09%1.65%1.99%2.30%2.25%1.96%1.66%0.58%0.00%

Drawdowns

FDAAX vs. VTEB - Drawdown Comparison

The maximum FDAAX drawdown since its inception was -25.73%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FDAAX and VTEB. For additional features, visit the drawdowns tool.


-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%AugustSeptemberOctoberNovemberDecember2025
-0.78%
-2.01%
FDAAX
VTEB

Volatility

FDAAX vs. VTEB - Volatility Comparison

The current volatility for Franklin Floating Rate Daily Access Fund (FDAAX) is 0.66%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.10%. This indicates that FDAAX 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.


0.50%1.00%1.50%2.00%AugustSeptemberOctoberNovemberDecember2025
0.66%
1.10%
FDAAX
VTEB
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2025 PortfoliosLab