MAMTX vs. VTEB
Compare and contrast key facts about Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) and Vanguard Tax-Exempt Bond ETF (VTEB).
MAMTX is managed by BlackRock. It was launched on Oct 30, 1988. 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.
Performance
MAMTX vs. VTEB - Performance Comparison
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MAMTX vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust | -0.27% | 3.97% | 3.90% | 4.89% | -12.11% | 5.84% | 0.58% | 6.81% | 1.27% | 8.05% |
VTEB Vanguard Tax-Exempt Bond ETF | 0.09% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Returns By Period
In the year-to-date period, MAMTX achieves a -0.27% return, which is significantly lower than VTEB's 0.09% return. Both investments have delivered pretty close results over the past 10 years, with MAMTX having a 2.07% annualized return and VTEB not far ahead at 2.09%.
MAMTX
- 1D
- 0.39%
- 1M
- -2.00%
- YTD
- -0.27%
- 6M
- 0.42%
- 1Y
- 2.78%
- 3Y*
- 3.48%
- 5Y*
- 0.51%
- 10Y*
- 2.07%
VTEB
- 1D
- 0.32%
- 1M
- -1.61%
- YTD
- 0.09%
- 6M
- 1.54%
- 1Y
- 3.92%
- 3Y*
- 2.78%
- 5Y*
- 0.88%
- 10Y*
- 2.09%
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MAMTX vs. VTEB - Expense Ratio Comparison
MAMTX has a 0.55% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Return for Risk
MAMTX vs. VTEB — Risk / Return Rank
MAMTX
VTEB
MAMTX vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) 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.
| MAMTX | VTEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 0.99 | -0.48 |
Sortino ratioReturn per unit of downside risk | 0.70 | 1.25 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.25 | -0.52 |
Martin ratioReturn relative to average drawdown | 2.10 | 3.69 | -1.59 |
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
| MAMTX | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.99 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.23 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.40 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.45 | +0.73 |
Correlation
The correlation between MAMTX and VTEB is 0.36, 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
MAMTX vs. VTEB - Dividend Comparison
MAMTX's dividend yield for the trailing twelve months is around 3.89%, more than VTEB's 3.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust | 3.89% | 5.00% | 4.23% | 2.70% | 1.96% | 2.00% | 2.39% | 2.83% | 4.74% | 2.89% | 3.91% | 2.84% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.37% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
MAMTX vs. VTEB - Drawdown Comparison
The maximum MAMTX drawdown since its inception was -16.83%, roughly equal to the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for MAMTX and VTEB.
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Drawdown Indicators
| MAMTX | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.83% | -17.00% | +0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -3.45% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -16.83% | -12.64% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -16.83% | -17.00% | +0.17% |
Current DrawdownCurrent decline from peak | -2.28% | -1.86% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -2.35% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.17% | +0.81% |
Volatility
MAMTX vs. VTEB - Volatility Comparison
The current volatility for Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) is 1.21%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.37%. This indicates that MAMTX 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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Volatility by Period
| MAMTX | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.37% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 1.87% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 4.00% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 3.88% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 5.25% | -0.43% |