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.
Key characteristics
| LEO | VTEAX | |
|---|---|---|
| YTD Return | 11.40% | 1.35% |
| 1Y Return | 22.17% | 6.94% |
| 3Y Return (Ann) | -5.63% | -0.30% |
| 5Y Return (Ann) | -1.56% | 1.23% |
| Sharpe Ratio | 2.10 | 2.24 |
| Sortino Ratio | 3.00 | 3.33 |
| Omega Ratio | 1.39 | 1.53 |
| Calmar Ratio | 0.57 | 0.88 |
| Martin Ratio | 12.01 | 8.85 |
| Ulcer Index | 1.75% | 0.80% |
| Daily Std Dev | 10.01% | 3.15% |
| Max Drawdown | -47.35% | -12.74% |
| Current Drawdown | -23.29% | -1.61% |
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.
Performance
LEO vs. VTEAX - Performance Comparison
In the year-to-date period, LEO achieves a 11.40% return, which is significantly higher than VTEAX's 1.35% 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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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.
Dividends
LEO vs. VTEAX - Dividend Comparison
LEO's dividend yield for the trailing twelve months is around 3.60%, more than VTEAX's 3.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEO BNY Mellon Strategic Municipals, Inc. | 3.60% | 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 | 3.07% | 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.
Volatility
LEO vs. VTEAX - Volatility Comparison
BNY Mellon Strategic Municipals, Inc. (LEO) has a higher volatility of 4.00% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 1.62%. 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.