IBMP vs. VTEB
Compare and contrast key facts about iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) and Vanguard Tax-Exempt Bond ETF (VTEB).
IBMP and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBMP is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Callable Factor Adjusted 2027 Series Index. It was launched on Apr 9, 2019. 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. Both IBMP and VTEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBMP or VTEB.
Correlation
The correlation between IBMP and VTEB is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IBMP vs. VTEB - Performance Comparison
Key characteristics
IBMP:
0.94
VTEB:
0.55
IBMP:
1.32
VTEB:
0.79
IBMP:
1.18
VTEB:
1.10
IBMP:
0.41
VTEB:
0.44
IBMP:
3.86
VTEB:
2.02
IBMP:
0.54%
VTEB:
1.03%
IBMP:
2.20%
VTEB:
3.74%
IBMP:
-15.24%
VTEB:
-17.00%
IBMP:
-1.86%
VTEB:
-1.32%
Returns By Period
In the year-to-date period, IBMP achieves a 0.48% return, which is significantly higher than VTEB's 0.28% return.
IBMP
0.48%
0.64%
0.95%
2.23%
0.54%
N/A
VTEB
0.28%
1.48%
0.58%
2.19%
0.75%
N/A
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IBMP vs. VTEB - Expense Ratio Comparison
IBMP has a 0.18% expense ratio, which is higher than VTEB's 0.05% expense ratio. However, 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
IBMP vs. VTEB — Risk-Adjusted Performance Rank
IBMP
VTEB
IBMP vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) 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
IBMP vs. VTEB - Dividend Comparison
IBMP's dividend yield for the trailing twelve months is around 2.36%, less than VTEB's 3.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 2.36% | 2.34% | 2.05% | 1.26% | 0.85% | 1.16% | 1.05% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.15% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
IBMP vs. VTEB - Drawdown Comparison
The maximum IBMP drawdown since its inception was -15.24%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for IBMP and VTEB. For additional features, visit the drawdowns tool.
Volatility
IBMP vs. VTEB - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) is 0.56%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.14%. This indicates that IBMP 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.