FPNTX vs. VPAIX
Compare and contrast key facts about Nuveen Pennsylvania Municipal Bond Fund (FPNTX) and Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX).
FPNTX is managed by Nuveen. It was launched on Oct 28, 1986. VPAIX is managed by Vanguard. It was launched on Apr 7, 1986.
Performance
FPNTX vs. VPAIX - Performance Comparison
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FPNTX vs. VPAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPNTX Nuveen Pennsylvania Municipal Bond Fund | -1.01% | 4.17% | 1.32% | 5.69% | -10.47% | 3.23% | 4.27% | 7.95% | 1.00% | 5.87% |
VPAIX Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares | -0.88% | 5.27% | 2.59% | 7.25% | -10.20% | 1.97% | 5.86% | 9.05% | 1.11% | 6.61% |
Returns By Period
In the year-to-date period, FPNTX achieves a -1.01% return, which is significantly lower than VPAIX's -0.88% return. Over the past 10 years, FPNTX has underperformed VPAIX with an annualized return of 1.86%, while VPAIX has yielded a comparatively higher 2.62% annualized return.
FPNTX
- 1D
- 0.20%
- 1M
- -3.26%
- YTD
- -1.01%
- 6M
- 1.22%
- 1Y
- 3.83%
- 3Y*
- 2.64%
- 5Y*
- 0.46%
- 10Y*
- 1.86%
VPAIX
- 1D
- 0.28%
- 1M
- -2.82%
- YTD
- -0.88%
- 6M
- 1.35%
- 1Y
- 4.37%
- 3Y*
- 3.71%
- 5Y*
- 1.13%
- 10Y*
- 2.62%
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FPNTX vs. VPAIX - Expense Ratio Comparison
FPNTX has a 0.76% expense ratio, which is higher than VPAIX's 0.17% expense ratio.
Return for Risk
FPNTX vs. VPAIX — Risk / Return Rank
FPNTX
VPAIX
FPNTX vs. VPAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Pennsylvania Municipal Bond Fund (FPNTX) and Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX). 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.
| FPNTX | VPAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.98 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.35 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.07 | -0.35 |
Martin ratioReturn relative to average drawdown | 2.06 | 3.33 | -1.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPNTX | VPAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.98 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.25 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.60 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 1.13 | -0.11 |
Correlation
The correlation between FPNTX and VPAIX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FPNTX vs. VPAIX - Dividend Comparison
FPNTX's dividend yield for the trailing twelve months is around 3.14%, less than VPAIX's 3.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPNTX Nuveen Pennsylvania Municipal Bond Fund | 3.14% | 3.32% | 3.10% | 2.61% | 2.38% | 2.03% | 2.92% | 2.77% | 3.67% | 3.28% | 3.53% | 3.64% |
VPAIX Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares | 3.69% | 4.48% | 4.04% | 3.25% | 3.12% | 2.45% | 3.16% | 3.70% | 3.91% | 3.93% | 4.10% | 3.92% |
Drawdowns
FPNTX vs. VPAIX - Drawdown Comparison
The maximum FPNTX drawdown since its inception was -19.11%, roughly equal to the maximum VPAIX drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FPNTX and VPAIX.
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Drawdown Indicators
| FPNTX | VPAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.11% | -19.51% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -5.80% | -5.20% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -15.45% | -15.76% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -15.45% | -15.76% | +0.31% |
Current DrawdownCurrent decline from peak | -3.26% | -2.82% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -2.16% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.68% | +0.36% |
Volatility
FPNTX vs. VPAIX - Volatility Comparison
Nuveen Pennsylvania Municipal Bond Fund (FPNTX) has a higher volatility of 1.31% compared to Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX) at 1.17%. This indicates that FPNTX's price experiences larger fluctuations and is considered to be riskier than VPAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPNTX | VPAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.17% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 1.82% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 5.33% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 4.45% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 4.39% | +0.16% |