Correlation
The correlation between HIMUX and VTES is 0.10, 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.
HIMUX vs. VTES
Compare and contrast key facts about Pioneer MAP High Income Municipal Fund (HIMUX) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES).
HIMUX is managed by Amundi US. It was launched on Dec 20, 2020. VTES is a passively managed fund by Vanguard that tracks the performance of the S&P 0-7 Yr National AMT-Free Municipal Bond Index - Benchmark TR Gross. It was launched on Mar 8, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIMUX or VTES.
Performance
HIMUX vs. VTES - Performance Comparison
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Key characteristics
Returns By Period
HIMUX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
VTES
1.09%
0.48%
0.71%
3.91%
N/A
N/A
N/A
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HIMUX vs. VTES - Expense Ratio Comparison
HIMUX has a 0.00% expense ratio, which is lower than VTES's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
HIMUX vs. VTES — Risk-Adjusted Performance Rank
HIMUX
VTES
HIMUX vs. VTES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer MAP High Income Municipal Fund (HIMUX) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES). 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.
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Dividends
HIMUX vs. VTES - Dividend Comparison
HIMUX has not paid dividends to shareholders, while VTES's dividend yield for the trailing twelve months is around 2.93%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
HIMUX Pioneer MAP High Income Municipal Fund | 3.21% | 5.04% | 0.58% | 5.31% | 4.13% | 0.08% |
VTES Vanguard Short-Term Tax-Exempt Bond ETF Shares | 2.93% | 3.00% | 2.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
HIMUX vs. VTES - Drawdown Comparison
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Volatility
HIMUX vs. VTES - Volatility Comparison
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