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.
Key characteristics
| FDAAX | VTEB | |
|---|---|---|
| YTD Return | 7.15% | 1.28% |
| 1Y Return | 9.75% | 6.29% |
| 3Y Return (Ann) | 6.97% | -0.20% |
| 5Y Return (Ann) | 5.28% | 1.17% |
| Sharpe Ratio | 3.19 | 1.58 |
| Sortino Ratio | 8.22 | 2.31 |
| Omega Ratio | 2.60 | 1.31 |
| Calmar Ratio | 8.51 | 0.84 |
| Martin Ratio | 41.56 | 6.74 |
| Ulcer Index | 0.24% | 0.91% |
| Daily Std Dev | 3.11% | 3.89% |
| Max Drawdown | -25.73% | -17.00% |
| Current Drawdown | -0.13% | -1.52% |
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
In the year-to-date period, FDAAX achieves a 7.15% 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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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 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 9.07%, more than VTEB's 3.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDAAX Franklin Floating Rate Daily Access Fund | 9.07% | 8.34% | 5.91% | 3.70% | 5.07% | 5.63% | 5.20% | 3.81% | 4.58% | 5.12% | 4.16% | 3.84% |
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
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 0.79%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.95%. 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.