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 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MDXBX vs. VTEI - Performance Comparison
Key characteristics
MDXBX:
0.99
VTEI:
0.79
MDXBX:
1.36
VTEI:
1.11
MDXBX:
1.21
VTEI:
1.15
MDXBX:
0.67
VTEI:
1.05
MDXBX:
3.26
VTEI:
2.69
MDXBX:
1.06%
VTEI:
0.80%
MDXBX:
3.51%
VTEI:
2.72%
MDXBX:
-14.37%
VTEI:
-2.06%
MDXBX:
-1.48%
VTEI:
-0.53%
Returns By Period
In the year-to-date period, MDXBX achieves a 0.19% return, which is significantly lower than VTEI's 0.58% return.
MDXBX
0.19%
0.79%
0.59%
3.46%
0.81%
2.21%
VTEI
0.58%
0.79%
0.67%
2.19%
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 3.30%, more than VTEI's 2.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDXBX T. Rowe Price Maryland Tax Free Bond Fund | 3.30% | 3.27% | 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 | 2.88% | 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 -2.06%. 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 1.13% compared to Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) at 0.75%. 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.