FDAAX vs. VTEB
Compare and contrast key facts about Franklin Floating Rate Daily Access Fund (FDAAX) and Vanguard Tax-Exempt Bond ETF (VTEB).
FDAAX is managed by Franklin Templeton Investments. It was launched on Apr 30, 2001. 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: FDAAX or VTEB.
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.
Performance
FDAAX vs. VTEB - Performance Comparison
Key characteristics
FDAAX:
2.48
VTEB:
0.29
FDAAX:
5.76
VTEB:
0.42
FDAAX:
2.10
VTEB:
1.05
FDAAX:
6.42
VTEB:
0.23
FDAAX:
26.69
VTEB:
1.08
FDAAX:
0.28%
VTEB:
1.01%
FDAAX:
3.01%
VTEB:
3.81%
FDAAX:
-25.73%
VTEB:
-17.00%
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
0.13%
-0.78%
2.76%
7.47%
4.91%
4.12%
VTEB
-0.42%
-1.89%
0.97%
1.03%
0.81%
N/A
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FDAAX vs. VTEB - Expense Ratio Comparison
FDAAX has a 0.67% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
FDAAX vs. VTEB — Risk-Adjusted Performance Rank
FDAAX
VTEB
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.
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.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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.
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.