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.
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.
Performance
HICOX vs. VTEB - Performance Comparison
Key characteristics
HICOX:
1.25
VTEB:
0.10
HICOX:
1.76
VTEB:
0.24
HICOX:
1.32
VTEB:
1.03
HICOX:
1.47
VTEB:
0.16
HICOX:
5.74
VTEB:
0.50
HICOX:
0.94%
VTEB:
1.51%
HICOX:
4.03%
VTEB:
4.73%
HICOX:
-8.07%
VTEB:
-17.00%
HICOX:
-2.07%
VTEB:
-2.94%
Returns By Period
In the year-to-date period, HICOX achieves a -0.33% return, which is significantly higher than VTEB's -1.37% return.
HICOX
-0.33%
0.57%
0.83%
5.01%
4.47%
4.09%
VTEB
-1.37%
1.69%
-0.75%
0.46%
0.91%
N/A
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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.
Dividends
HICOX vs. VTEB - Dividend Comparison
HICOX's dividend yield for the trailing twelve months is around 5.51%, 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 | 5.51% | 5.44% | 4.97% | 4.43% | 3.84% | 4.00% | 4.07% | 4.03% | 4.69% | 4.73% | 4.13% | 4.79% |
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. For additional features, visit the drawdowns tool.
Volatility
HICOX vs. VTEB - Volatility Comparison
Colorado Bond Shares A Tax Exempt Fund (HICOX) has a higher volatility of 2.09% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.68%. This indicates that HICOX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.