Correlation
The correlation between LISAX and VTEB is 0.01, 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.
LISAX vs. VTEB
Compare and contrast key facts about Lord Abbett Intermediate Tax Free Fund (LISAX) and Vanguard Tax-Exempt Bond ETF (VTEB).
LISAX is managed by Lord Abbett. It was launched on Jun 29, 2003. 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: LISAX or VTEB.
Performance
LISAX vs. VTEB - Performance Comparison
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Key characteristics
LISAX:
0.59
VTEB:
0.39
LISAX:
0.80
VTEB:
0.42
LISAX:
1.14
VTEB:
1.06
LISAX:
0.44
VTEB:
0.31
LISAX:
1.91
VTEB:
0.88
LISAX:
1.30%
VTEB:
1.65%
LISAX:
4.18%
VTEB:
4.77%
LISAX:
-14.69%
VTEB:
-17.00%
LISAX:
-3.57%
VTEB:
-3.00%
Returns By Period
In the year-to-date period, LISAX achieves a -0.64% return, which is significantly higher than VTEB's -1.43% return.
LISAX
-0.64%
0.39%
-1.17%
2.49%
2.11%
1.03%
1.88%
VTEB
-1.43%
0.03%
-2.48%
1.84%
1.59%
0.48%
N/A
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LISAX vs. VTEB - Expense Ratio Comparison
LISAX has a 0.71% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
LISAX vs. VTEB — Risk-Adjusted Performance Rank
LISAX
VTEB
LISAX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Intermediate Tax Free Fund (LISAX) 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.
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Dividends
LISAX vs. VTEB - Dividend Comparison
LISAX's dividend yield for the trailing twelve months is around 3.31%, more than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LISAX Lord Abbett Intermediate Tax Free Fund | 3.31% | 3.16% | 2.74% | 2.37% | 2.23% | 2.33% | 2.64% | 2.63% | 2.43% | 2.64% | 2.83% | 2.90% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
LISAX vs. VTEB - Drawdown Comparison
The maximum LISAX drawdown since its inception was -14.69%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for LISAX and VTEB.
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Volatility
LISAX vs. VTEB - Volatility Comparison
The current volatility for Lord Abbett Intermediate Tax Free Fund (LISAX) is 0.75%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.13%. This indicates that LISAX 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.
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