FMB vs. VTEB
Compare and contrast key facts about First Trust Managed Municipal ETF (FMB) and Vanguard Tax-Exempt Bond ETF (VTEB).
FMB and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMB is an actively managed fund by First Trust. It was launched on May 13, 2014. 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: FMB or VTEB.
Correlation
The correlation between FMB and VTEB is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FMB vs. VTEB - Performance Comparison
Key characteristics
FMB:
0.82
VTEB:
0.70
FMB:
1.13
VTEB:
1.00
FMB:
1.15
VTEB:
1.13
FMB:
0.49
VTEB:
0.56
FMB:
3.05
VTEB:
2.52
FMB:
0.92%
VTEB:
1.04%
FMB:
3.44%
VTEB:
3.74%
FMB:
-14.16%
VTEB:
-17.00%
FMB:
-2.15%
VTEB:
-0.88%
Returns By Period
The year-to-date returns for both stocks are quite close, with FMB having a 0.73% return and VTEB slightly lower at 0.72%.
FMB
0.73%
0.79%
0.52%
2.75%
0.52%
2.52%
VTEB
0.72%
0.93%
0.69%
2.66%
0.74%
N/A
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FMB vs. VTEB - Expense Ratio Comparison
FMB has a 0.50% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
FMB vs. VTEB — Risk-Adjusted Performance Rank
FMB
VTEB
FMB vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) 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
FMB vs. VTEB - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 2.95%, less than VTEB's 3.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 2.95% | 3.22% | 2.99% | 2.47% | 1.96% | 2.19% | 2.48% | 2.59% | 2.49% | 2.93% | 3.07% | 1.70% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.13% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
FMB vs. VTEB - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FMB and VTEB. For additional features, visit the drawdowns tool.
Volatility
FMB vs. VTEB - Volatility Comparison
First Trust Managed Municipal ETF (FMB) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.05% and 1.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.