MDXBX vs. VTEB
Compare and contrast key facts about T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and Vanguard Tax-Exempt Bond ETF (VTEB).
MDXBX is managed by T. Rowe Price. It was launched on Mar 30, 1987. 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: MDXBX or VTEB.
Correlation
The correlation between MDXBX and VTEB is -0.00. 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. VTEB - Performance Comparison
Key characteristics
MDXBX:
0.27
VTEB:
0.20
MDXBX:
0.38
VTEB:
0.28
MDXBX:
1.07
VTEB:
1.04
MDXBX:
0.25
VTEB:
0.19
MDXBX:
0.95
VTEB:
0.66
MDXBX:
1.56%
VTEB:
1.41%
MDXBX:
5.63%
VTEB:
4.72%
MDXBX:
-14.37%
VTEB:
-17.00%
MDXBX:
-3.90%
VTEB:
-3.33%
Returns By Period
In the year-to-date period, MDXBX achieves a -2.28% return, which is significantly lower than VTEB's -1.76% return.
MDXBX
-2.28%
-1.14%
-1.74%
1.80%
1.48%
1.94%
VTEB
-1.76%
-1.12%
-1.38%
1.27%
0.99%
N/A
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MDXBX vs. VTEB - Expense Ratio Comparison
MDXBX has a 0.49% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
MDXBX vs. VTEB — Risk-Adjusted Performance Rank
MDXBX
VTEB
MDXBX vs. VTEB - 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 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.
Dividends
MDXBX vs. VTEB - Dividend Comparison
MDXBX's dividend yield for the trailing twelve months is around 3.40%, more than VTEB's 3.26% 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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.26% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
MDXBX vs. VTEB - Drawdown Comparison
The maximum MDXBX drawdown since its inception was -14.37%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for MDXBX and VTEB. For additional features, visit the drawdowns tool.
Volatility
MDXBX vs. VTEB - Volatility Comparison
T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) has a higher volatility of 4.48% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 3.07%. This indicates that MDXBX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.