IDMO vs. VTEB
IDMO (Invesco S&P International Developed Momentum ETF) and VTEB (Vanguard Tax-Exempt Bond ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while VTEB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Over the past 10 years, IDMO returned 12.64%/yr vs 2.03%/yr for VTEB. At a 0.08 correlation, their price movements are largely independent. IDMO charges 0.25%/yr vs 0.03%/yr for VTEB.
Performance
IDMO vs. VTEB - Performance Comparison
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Returns By Period
In the year-to-date period, IDMO achieves a 8.17% return, which is significantly higher than VTEB's 1.44% return. Over the past 10 years, IDMO has outperformed VTEB with an annualized return of 12.64%, while VTEB has yielded a comparatively lower 2.03% annualized return.
IDMO
- 1D
- 1.36%
- 1M
- 1.48%
- YTD
- 8.17%
- 6M
- 10.09%
- 1Y
- 24.72%
- 3Y*
- 25.21%
- 5Y*
- 15.50%
- 10Y*
- 12.64%
VTEB
- 1D
- -0.08%
- 1M
- 1.22%
- YTD
- 1.44%
- 6M
- 1.95%
- 1Y
- 6.57%
- 3Y*
- 3.44%
- 5Y*
- 0.80%
- 10Y*
- 2.03%
IDMO vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 8.17% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
VTEB Vanguard Tax-Exempt Bond ETF | 1.44% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Correlation
The correlation between IDMO and VTEB is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2015 | 0.08 |
The correlation between IDMO and VTEB shifts across timeframes, from 0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IDMO vs. VTEB — Risk / Return Rank
IDMO
VTEB
IDMO vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IDMO | VTEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.51 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.35 | -0.46 |
| Martin ratioReturn relative to average drawdown | 7.64 | 8.30 | -0.66 |
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Drawdowns
IDMO vs. VTEB - Drawdown Comparison
The maximum IDMO drawdown since its inception was -39.38%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for IDMO and VTEB.
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Drawdown Indicators
| IDMO | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -17.00% | -22.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -2.71% | -9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -5.53% | -7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -12.64% | -14.43% |
Max Drawdown (10Y)Largest decline over 10 years | -31.34% | -17.00% | -14.34% |
Current DrawdownCurrent decline from peak | -1.92% | -0.54% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -2.32% | -7.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 0.77% | +2.27% |
Volatility
IDMO vs. VTEB - Volatility Comparison
Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 7.92% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.93%. This indicates that IDMO'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.
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Volatility by Period
| IDMO | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 0.93% | +6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 2.04% | +13.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 2.70% | +15.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 3.90% | +14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 5.26% | +12.92% |
IDMO vs. VTEB - Expense Ratio Comparison
IDMO has a 0.25% expense ratio, which is higher than VTEB's 0.03% 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%.
Dividends
IDMO vs. VTEB - Dividend Comparison
IDMO's dividend yield for the trailing twelve months is around 3.52%, more than VTEB's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.52% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.36% | 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
IDMO and VTEB have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (7.92%) compared to VTEB (0.93%). In terms of maximum drawdown, IDMO dropped -39.38% vs VTEB's -17.00%.
On 10-year performance, IDMO leads with 12.64% vs 2.03% for VTEB. On fees, VTEB is cheaper at 0.03% per year. On volatility, VTEB has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDMO has performed better with a 12.64% return vs 2.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTEB is cheaper with a 0.03% expense ratio, compared with 0.25% for IDMO.
IDMO has the higher dividend yield at 3.52%, compared with 3.36% for VTEB.
IDMO is categorized as Momentum, while VTEB is Municipal Bonds. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while VTEB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.25% for IDMO and 0.03% for VTEB.
VTEB currently has the higher Sharpe Ratio (2.38 vs 1.30), 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.
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