Correlation
The correlation between MAYHX 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.
MAYHX vs. VTEB
Compare and contrast key facts about BlackRock High Yield Municipal Fund (MAYHX) and Vanguard Tax-Exempt Bond ETF (VTEB).
MAYHX is managed by Blackrock. It was launched on Jul 31, 2006. 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: MAYHX or VTEB.
Performance
MAYHX vs. VTEB - Performance Comparison
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Key characteristics
Returns By Period
MAYHX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
VTEB
-1.59%
-0.37%
-2.85%
1.32%
1.51%
0.45%
N/A
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MAYHX vs. VTEB - Expense Ratio Comparison
MAYHX has a 0.59% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
MAYHX vs. VTEB — Risk-Adjusted Performance Rank
MAYHX
VTEB
MAYHX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Municipal Fund (MAYHX) 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
MAYHX vs. VTEB - Dividend Comparison
MAYHX has not paid dividends to shareholders, while VTEB's dividend yield for the trailing twelve months is around 3.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAYHX BlackRock High Yield Municipal Fund | 2.84% | 4.20% | 4.11% | 3.93% | 3.29% | 3.60% | 3.75% | 4.16% | 4.16% | 4.30% | 4.37% | 4.36% |
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
MAYHX vs. VTEB - Drawdown Comparison
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Volatility
MAYHX vs. VTEB - Volatility Comparison
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