LEO vs. VTEAX
Compare and contrast key facts about BNY Mellon Strategic Municipals, Inc. (LEO) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LEO or VTEAX.
Correlation
The correlation between LEO and VTEAX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
LEO vs. VTEAX - Performance Comparison
Key characteristics
LEO:
0.33
VTEAX:
0.30
LEO:
0.51
VTEAX:
0.42
LEO:
1.07
VTEAX:
1.07
LEO:
0.12
VTEAX:
0.27
LEO:
0.82
VTEAX:
1.02
LEO:
4.56%
VTEAX:
1.45%
LEO:
11.27%
VTEAX:
4.95%
LEO:
-47.35%
VTEAX:
-12.74%
LEO:
-27.77%
VTEAX:
-3.08%
Returns By Period
In the year-to-date period, LEO achieves a -1.91% return, which is significantly lower than VTEAX's -1.51% return.
LEO
-1.91%
-4.09%
-5.39%
3.04%
0.21%
1.63%
VTEAX
-1.51%
-0.86%
-1.08%
1.36%
1.01%
N/A
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Risk-Adjusted Performance
LEO vs. VTEAX — Risk-Adjusted Performance Rank
LEO
VTEAX
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.
Dividends
LEO vs. VTEAX - Dividend Comparison
LEO's dividend yield for the trailing twelve months is around 3.90%, more than VTEAX's 2.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEO BNY Mellon Strategic Municipals, Inc. | 3.90% | 3.77% | 4.37% | 5.66% | 4.84% | 4.95% | 4.94% | 5.96% | 5.97% | 6.14% | 6.04% | 7.11% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 2.95% | 3.11% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 1.95% | 1.67% | 0.59% | 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.
Volatility
LEO vs. VTEAX - Volatility Comparison
BNY Mellon Strategic Municipals, Inc. (LEO) has a higher volatility of 6.04% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 3.84%. 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.