Correlation
The correlation between HICOX and VTEB is 0.05, 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.
HICOX vs. VTEB
Compare and contrast key facts about Colorado Bond Shares A Tax Exempt Fund (HICOX) and Vanguard Tax-Exempt Bond ETF (VTEB).
HICOX is managed by Freedom Funds. It was launched on Jun 3, 1987. 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: HICOX or VTEB.
Performance
HICOX vs. VTEB - Performance Comparison
Loading data...
Key characteristics
HICOX:
1.61
VTEB:
0.39
HICOX:
2.01
VTEB:
0.42
HICOX:
1.37
VTEB:
1.06
HICOX:
1.67
VTEB:
0.31
HICOX:
6.81
VTEB:
0.88
HICOX:
0.90%
VTEB:
1.65%
HICOX:
4.06%
VTEB:
4.77%
HICOX:
-8.07%
VTEB:
-17.00%
HICOX:
-1.07%
VTEB:
-3.00%
Returns By Period
In the year-to-date period, HICOX achieves a 0.66% return, which is significantly higher than VTEB's -1.43% return.
HICOX
0.66%
1.17%
0.27%
6.50%
5.04%
4.49%
4.47%
VTEB
-1.43%
0.03%
-2.48%
1.84%
1.59%
0.48%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HICOX vs. VTEB - Expense Ratio Comparison
HICOX has a 0.55% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
HICOX vs. VTEB — Risk-Adjusted Performance Rank
HICOX
VTEB
HICOX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Colorado Bond Shares A Tax Exempt Fund (HICOX) 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.
Loading data...
Dividends
HICOX vs. VTEB - Dividend Comparison
HICOX's dividend yield for the trailing twelve months is around 5.57%, more than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.57% | 5.44% | 4.99% | 4.64% | 3.93% | 4.15% | 4.12% | 4.55% | 4.74% | 5.53% | 4.14% | 4.85% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
HICOX vs. VTEB - Drawdown Comparison
The maximum HICOX drawdown since its inception was -8.07%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for HICOX and VTEB.
Loading data...
Volatility
HICOX vs. VTEB - Volatility Comparison
The current volatility for Colorado Bond Shares A Tax Exempt Fund (HICOX) is 0.95%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.13%. This indicates that HICOX 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.
Loading data...