JMUB vs. VTEB
Compare and contrast key facts about JPMorgan Municipal ETF (JMUB) and Vanguard Tax-Exempt Bond ETF (VTEB).
JMUB and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMUB is an actively managed fund by JPMorgan Chase. It was launched on Oct 29, 2018. 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: JMUB or VTEB.
Key characteristics
| JMUB | VTEB | |
|---|---|---|
| YTD Return | 0.15% | -0.59% |
| 1Y Return | 3.24% | 2.90% |
| 3Y Return (Ann) | -0.21% | -0.67% |
| 5Y Return (Ann) | 1.72% | 1.29% |
| Sharpe Ratio | 0.90 | 0.62 |
| Daily Std Dev | 3.49% | 4.28% |
| Max Drawdown | -12.50% | -17.00% |
| Current Drawdown | -2.21% | -3.34% |
Correlation
The correlation between JMUB and VTEB is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JMUB vs. VTEB - Performance Comparison
In the year-to-date period, JMUB achieves a 0.15% return, which is significantly higher than VTEB's -0.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JMUB vs. VTEB - Expense Ratio Comparison
JMUB 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
JMUB vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Municipal ETF (JMUB) 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
JMUB vs. VTEB - Dividend Comparison
JMUB's dividend yield for the trailing twelve months is around 3.33%, more than VTEB's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMUB JPMorgan Municipal ETF | 3.33% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 2.95% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
JMUB vs. VTEB - Drawdown Comparison
The maximum JMUB drawdown since its inception was -12.50%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for JMUB and VTEB. For additional features, visit the drawdowns tool.
Volatility
JMUB vs. VTEB - Volatility Comparison
The current volatility for JPMorgan Municipal ETF (JMUB) is 0.61%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 0.76%. This indicates that JMUB 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.