GENM vs. VTEB

Last updated Jun 4, 2026

GENM (Genter Capital Municipal Quality Intermediate ETF) and VTEB (Vanguard Tax-Exempt Bond ETF) are both Municipal Bonds funds. GENM is actively managed, while VTEB is passively managed. Over the past year, GENM returned 5.22% vs 7.14% for VTEB. A 0.59 correlation means they provide meaningful diversification when combined. GENM charges 0.39%/yr vs 0.03%/yr for VTEB.

Performance

GENM vs. VTEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genter Capital Municipal Quality Intermediate ETF (GENM) and Vanguard Tax-Exempt Bond ETF (VTEB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GENM achieves a 1.68% return, which is significantly higher than VTEB's 1.46% return.

GENM

• 1D: 0.10%
• 1M: 0.64%
• YTD: 1.68%
• 6M: 1.86%
• 1Y: 5.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTEB

• 1D: -0.06%
• 1M: 0.66%
• YTD: 1.46%
• 6M: 1.89%
• 1Y: 7.14%
• 3Y*: 3.57%
• 5Y*: 0.88%
• 10Y*: 2.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GENM vs. VTEB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GENM Genter Capital Municipal Quality Intermediate ETF	1.68%	5.10%	2.29%
VTEB Vanguard Tax-Exempt Bond ETF	1.46%	3.72%	2.57%

Correlation

The correlation between GENM and VTEB is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 23, 2024	0.59

The correlation between GENM and VTEB shifts across timeframes, from 0.45 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GENM vs. VTEB — Risk / Return Rank

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

GENM

GENM Risk / Return Rank: 55
GENM Sharpe Ratio Rank: 54
GENM Sortino Ratio Rank: 58
GENM Omega Ratio Rank: 62
GENM Calmar Ratio Rank: 50
GENM Martin Ratio Rank: 48

VTEB

VTEB Risk / Return Rank: 72
VTEB Sharpe Ratio Rank: 80
VTEB Sortino Ratio Rank: 85
VTEB Omega Ratio Rank: 89
VTEB Calmar Ratio Rank: 52
VTEB Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GENM vs. VTEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genter Capital Municipal Quality Intermediate ETF (GENM) 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.

	GENM	VTEB	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.64	-0.82
Sortino ratio: Return per unit of downside risk	2.74	3.92	-1.19
Omega ratio: Gain probability vs. loss probability	1.37	1.58	-0.20
Calmar ratio: Return relative to maximum drawdown	2.43	2.65	-0.21
Martin ratio: Return relative to average drawdown	7.90	9.41	-1.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GENM vs. VTEB - Sharpe Ratio Comparison

The current GENM Sharpe Ratio is 1.82, which is lower than the VTEB Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of GENM and VTEB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GENM	VTEB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.64	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	0.47	+0.96

Drawdowns

GENM vs. VTEB - Drawdown Comparison

The maximum GENM drawdown since its inception was -2.41%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for GENM and VTEB.

Drawdown Indicators

	GENM	VTEB	Difference
Max Drawdown Largest peak-to-trough decline	-2.41%	-17.00%	+14.59%
Max Drawdown (1Y) Largest decline over 1 year	-2.15%	-2.71%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.00%	—
Current Drawdown Current decline from peak	-0.38%	-0.52%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.49%	-2.33%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	0.76%	-0.10%

Volatility

GENM vs. VTEB - Volatility Comparison

The current volatility for Genter Capital Municipal Quality Intermediate ETF (GENM) is 0.61%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 0.89%. This indicates that GENM 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.

Volatility by Period

	GENM	VTEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	0.89%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	1.86%	2.01%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	2.88%	2.72%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.16%	3.90%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.16%	5.26%	-2.10%

GENM vs. VTEB - Expense Ratio Comparison

GENM has a 0.39% expense ratio, which is higher than VTEB's 0.03% expense ratio.

Dividends

GENM vs. VTEB - Dividend Comparison

GENM's dividend yield for the trailing twelve months is around 2.92%, less than VTEB's 3.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GENM Genter Capital Municipal Quality Intermediate ETF	2.92%	2.88%	2.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTEB Vanguard Tax-Exempt Bond ETF	3.35%	3.29%	3.14%	2.79%	2.09%	1.64%	1.99%	2.30%	2.25%	1.96%	1.66%	0.58%

Frequently Asked Questions

Can I hold both GENM and VTEB in my portfolio?

GENM and VTEB have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GENM or VTEB?

VTEB has higher volatility (0.89%) compared to GENM (0.61%). In terms of maximum drawdown, GENM dropped -2.41% vs VTEB's -17.00%.

Which ETF is better, GENM or VTEB?

On 1-year performance, VTEB leads with 7.14% vs 5.22% for GENM. On fees, VTEB is cheaper at 0.03% per year. On volatility, GENM has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GENM or VTEB?

Over the 1-year period, VTEB has performed better with a 7.14% return vs 5.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GENM or VTEB?

VTEB is cheaper with a 0.03% expense ratio, compared with 0.39% for GENM.

Which ETF pays a higher dividend yield, GENM or VTEB?

VTEB has the higher dividend yield at 3.35%, compared with 2.92% for GENM.

What is the main difference between GENM and VTEB?

They also come from different issuers: Genter Capital and Vanguard. Their fees differ too: 0.39% for GENM and 0.03% for VTEB.

Which has better risk-adjusted returns?

VTEB currently has the higher Sharpe Ratio (2.64 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.