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.
Performance
LEO vs. VTEAX - Performance Comparison
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LEO vs. VTEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEO BNY Mellon Strategic Municipals, Inc. | 0.06% | 9.85% | 6.94% | 0.07% | -24.13% | 4.53% | 5.03% | 24.76% | -12.13% | 9.07% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | -0.49% | 3.67% | 1.63% | 6.39% | -8.21% | 1.43% | 4.97% | 7.45% | 0.99% | 4.94% |
Returns By Period
In the year-to-date period, LEO achieves a 0.06% return, which is significantly higher than VTEAX's -0.49% return. Over the past 10 years, LEO has underperformed VTEAX with an annualized return of 1.30%, while VTEAX has yielded a comparatively higher 2.06% annualized return.
LEO
- 1D
- 3.28%
- 1M
- -2.98%
- YTD
- 0.06%
- 6M
- 2.94%
- 1Y
- 7.47%
- 3Y*
- 4.45%
- 5Y*
- -1.83%
- 10Y*
- 1.30%
VTEAX
- 1D
- 0.20%
- 1M
- -2.46%
- YTD
- -0.49%
- 6M
- 1.05%
- 1Y
- 3.84%
- 3Y*
- 2.77%
- 5Y*
- 0.85%
- 10Y*
- 2.06%
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Return for Risk
LEO vs. VTEAX — Risk / Return Rank
LEO
VTEAX
LEO vs. VTEAX - Risk-Adjusted Trends 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.
| LEO | VTEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.95 | -0.29 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.25 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.27 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.99 | -0.16 |
Martin ratioReturn relative to average drawdown | 2.18 | 3.27 | -1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LEO | VTEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.95 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.24 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.57 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.65 | -0.35 |
Correlation
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.
Dividends
LEO vs. VTEAX - Dividend Comparison
LEO's dividend yield for the trailing twelve months is around 4.36%, more than VTEAX's 3.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEO BNY Mellon Strategic Municipals, Inc. | 4.36% | 4.03% | 3.77% | 4.37% | 5.66% | 4.84% | 4.95% | 4.94% | 5.96% | 5.97% | 6.14% | 6.04% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.06% | 3.26% | 3.36% | 2.98% | 2.05% | 1.60% | 1.97% | 2.27% | 2.24% | 1.95% | 1.67% | 0.59% |
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 -12.75%. Use the drawdown chart below to compare losses from any high point for LEO and VTEAX.
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Drawdown Indicators
| LEO | VTEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.35% | -12.75% | -34.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -4.50% | -4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -41.53% | -12.75% | -28.78% |
Max Drawdown (10Y)Largest decline over 10 years | -41.53% | -12.75% | -28.78% |
Current DrawdownCurrent decline from peak | -19.06% | -2.46% | -16.60% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -2.28% | -7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 1.36% | +2.07% |
Volatility
LEO vs. VTEAX - Volatility Comparison
BNY Mellon Strategic Municipals, Inc. (LEO) has a higher volatility of 5.10% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 1.10%. 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.
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Volatility by Period
| LEO | VTEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 1.10% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | 1.47% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.30% | 4.36% | +6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.26% | 3.57% | +8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.88% | 3.65% | +10.23% |