MDXBX vs. VTEI
Compare and contrast key facts about T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI).
MDXBX is managed by T. Rowe Price. It was launched on Mar 30, 1987. VTEI is a passively managed fund by Vanguard that tracks the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index. It was launched on Jan 29, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MDXBX or VTEI.
Correlation
The correlation between MDXBX and VTEI is 0.05, 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.
Performance
MDXBX vs. VTEI - Performance Comparison
Key characteristics
MDXBX:
0.23
VTEI:
0.33
MDXBX:
0.33
VTEI:
0.44
MDXBX:
1.06
VTEI:
1.07
MDXBX:
0.21
VTEI:
0.34
MDXBX:
0.83
VTEI:
1.28
MDXBX:
1.54%
VTEI:
0.98%
MDXBX:
5.62%
VTEI:
3.76%
MDXBX:
-14.37%
VTEI:
-3.64%
MDXBX:
-4.10%
VTEI:
-2.49%
Returns By Period
In the year-to-date period, MDXBX achieves a -2.48% return, which is significantly lower than VTEI's -1.14% return.
MDXBX
-2.48%
-1.94%
-1.55%
1.28%
1.38%
1.91%
VTEI
-1.14%
-1.13%
-0.64%
1.26%
N/A
N/A
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MDXBX vs. VTEI - Expense Ratio Comparison
MDXBX has a 0.49% expense ratio, which is higher than VTEI's 0.08% expense ratio.
Risk-Adjusted Performance
MDXBX vs. VTEI — Risk-Adjusted Performance Rank
MDXBX
VTEI
MDXBX vs. VTEI - 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 Intermediate-Term Tax-Exempt Bond ETF (VTEI). 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. VTEI - Dividend Comparison
MDXBX's dividend yield for the trailing twelve months is around 3.41%, more than VTEI's 2.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDXBX T. Rowe Price Maryland Tax Free Bond Fund | 3.41% | 3.28% | 3.06% | 2.80% | 2.30% | 2.65% | 2.82% | 3.11% | 3.25% | 3.44% | 3.58% | 3.67% |
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 2.98% | 2.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MDXBX vs. VTEI - Drawdown Comparison
The maximum MDXBX drawdown since its inception was -14.37%, which is greater than VTEI's maximum drawdown of -3.64%. Use the drawdown chart below to compare losses from any high point for MDXBX and VTEI. For additional features, visit the drawdowns tool.
Volatility
MDXBX vs. VTEI - Volatility Comparison
T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) has a higher volatility of 4.49% compared to Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) at 2.64%. This indicates that MDXBX's price experiences larger fluctuations and is considered to be riskier than VTEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.