MDXBX vs. VOO
Compare and contrast key facts about T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and Vanguard S&P 500 ETF (VOO).
MDXBX is managed by T. Rowe Price. It was launched on Mar 30, 1987. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MDXBX or VOO.
Correlation
The correlation between MDXBX and VOO is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MDXBX vs. VOO - Performance Comparison
Key characteristics
MDXBX:
0.27
VOO:
0.54
MDXBX:
0.38
VOO:
0.88
MDXBX:
1.07
VOO:
1.13
MDXBX:
0.25
VOO:
0.55
MDXBX:
0.95
VOO:
2.27
MDXBX:
1.56%
VOO:
4.55%
MDXBX:
5.63%
VOO:
19.19%
MDXBX:
-14.37%
VOO:
-33.99%
MDXBX:
-3.90%
VOO:
-9.90%
Returns By Period
In the year-to-date period, MDXBX achieves a -2.28% return, which is significantly higher than VOO's -5.74% return. Over the past 10 years, MDXBX has underperformed VOO with an annualized return of 1.94%, while VOO has yielded a comparatively higher 12.24% annualized return.
MDXBX
-2.28%
-1.14%
-1.74%
1.80%
1.48%
1.94%
VOO
-5.74%
-0.92%
-4.28%
9.78%
15.84%
12.24%
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MDXBX vs. VOO - Expense Ratio Comparison
MDXBX has a 0.49% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
MDXBX vs. VOO — Risk-Adjusted Performance Rank
MDXBX
VOO
MDXBX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and Vanguard S&P 500 ETF (VOO). 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
MDXBX vs. VOO - Dividend Comparison
MDXBX's dividend yield for the trailing twelve months is around 3.40%, more than VOO's 1.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDXBX T. Rowe Price Maryland Tax Free Bond Fund | 3.40% | 3.28% | 3.06% | 2.80% | 2.30% | 2.65% | 2.82% | 3.11% | 3.25% | 3.44% | 3.58% | 3.67% |
VOO Vanguard S&P 500 ETF | 1.38% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
MDXBX vs. VOO - Drawdown Comparison
The maximum MDXBX drawdown since its inception was -14.37%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MDXBX and VOO. For additional features, visit the drawdowns tool.
Volatility
MDXBX vs. VOO - Volatility Comparison
The current volatility for T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) is 4.48%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.96%. This indicates that MDXBX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.