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LEO vs. VTEAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

LEO vs. VTEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Strategic Municipals, Inc. (LEO) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
6.24%
2.83%
LEO
VTEAX

Returns By Period

In the year-to-date period, LEO achieves a 10.32% return, which is significantly higher than VTEAX's 1.75% return.


LEO

YTD

10.32%

1M

-3.56%

6M

5.35%

1Y

16.66%

5Y (annualized)

-1.70%

10Y (annualized)

2.61%

VTEAX

YTD

1.75%

1M

-0.09%

6M

2.63%

1Y

5.89%

5Y (annualized)

1.19%

10Y (annualized)

N/A

Key characteristics


LEOVTEAX
Sharpe Ratio1.711.98
Sortino Ratio2.412.90
Omega Ratio1.311.46
Calmar Ratio0.470.91
Martin Ratio8.577.48
Ulcer Index1.92%0.82%
Daily Std Dev9.61%3.08%
Max Drawdown-47.35%-12.74%
Current Drawdown-24.03%-1.22%

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Correlation

-0.50.00.51.00.3

The correlation between LEO and VTEAX is 0.34, 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.

Risk-Adjusted Performance

LEO vs. VTEAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Strategic Municipals, Inc. (LEO) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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.


Sharpe ratio
The chart of Sharpe ratio for LEO, currently valued at 1.71, compared to the broader market-4.00-2.000.002.004.001.711.98
The chart of Sortino ratio for LEO, currently valued at 2.41, compared to the broader market-4.00-2.000.002.004.002.412.90
The chart of Omega ratio for LEO, currently valued at 1.31, compared to the broader market0.501.001.502.001.311.46
The chart of Calmar ratio for LEO, currently valued at 0.47, compared to the broader market0.002.004.006.000.470.91
The chart of Martin ratio for LEO, currently valued at 8.57, compared to the broader market-10.000.0010.0020.0030.008.577.48
LEO
VTEAX

The current LEO Sharpe Ratio is 1.71, which is comparable to the VTEAX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of LEO and VTEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.71
1.98
LEO
VTEAX

Dividends

LEO vs. VTEAX - Dividend Comparison

LEO's dividend yield for the trailing twelve months is around 3.65%, more than VTEAX's 3.06% yield.


TTM20232022202120202019201820172016201520142013
LEO
BNY Mellon Strategic Municipals, Inc.
3.65%4.37%5.66%4.84%4.95%4.94%5.96%5.97%6.14%6.04%7.11%7.74%
VTEAX
Vanguard Tax-Exempt Bond Index Fund Admiral Shares
3.06%2.75%2.06%1.61%1.97%2.28%2.24%0.34%0.00%0.00%0.00%0.00%

Drawdowns

LEO vs. VTEAX - Drawdown Comparison

The maximum LEO drawdown since its inception was -47.35%, which is greater than VTEAX's maximum drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for LEO and VTEAX. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-24.03%
-1.22%
LEO
VTEAX

Volatility

LEO vs. VTEAX - Volatility Comparison

BNY Mellon Strategic Municipals, Inc. (LEO) has a higher volatility of 3.73% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 1.61%. This indicates that LEO's price experiences larger fluctuations and is considered to be riskier than VTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
3.73%
1.61%
LEO
VTEAX