MIUIX vs. VTEB
Compare and contrast key facts about MFS Municipal Intermediate Fund (MIUIX) and Vanguard Tax-Exempt Bond ETF (VTEB).
MIUIX is managed by MFS. It was launched on May 11, 2021. 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.
Performance
MIUIX vs. VTEB - Performance Comparison
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MIUIX vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MIUIX MFS Municipal Intermediate Fund | -0.70% | 6.64% | 3.00% | 5.19% | -8.06% | -0.17% |
VTEB Vanguard Tax-Exempt Bond ETF | -0.23% | 3.72% | 1.31% | 6.15% | -7.99% | 0.59% |
Returns By Period
In the year-to-date period, MIUIX achieves a -0.70% return, which is significantly lower than VTEB's -0.23% return.
MIUIX
- 1D
- 0.11%
- 1M
- -3.05%
- YTD
- -0.70%
- 6M
- 0.99%
- 1Y
- 4.68%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
VTEB
- 1D
- 0.24%
- 1M
- -2.18%
- YTD
- -0.23%
- 6M
- 1.34%
- 1Y
- 3.99%
- 3Y*
- 2.67%
- 5Y*
- 0.82%
- 10Y*
- 2.06%
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MIUIX vs. VTEB - Expense Ratio Comparison
MIUIX has a 0.45% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Return for Risk
MIUIX vs. VTEB — Risk / Return Rank
MIUIX
VTEB
MIUIX vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Municipal Intermediate Fund (MIUIX) 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.
| MIUIX | VTEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.00 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.27 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.20 | +0.23 |
Martin ratioReturn relative to average drawdown | 5.73 | 3.56 | +2.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MIUIX | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.00 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.45 | -0.13 |
Correlation
The correlation between MIUIX and VTEB is 0.72, 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.
Dividends
MIUIX vs. VTEB - Dividend Comparison
MIUIX's dividend yield for the trailing twelve months is around 3.69%, more than VTEB's 3.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIUIX MFS Municipal Intermediate Fund | 3.69% | 4.82% | 3.61% | 2.39% | 1.30% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.36% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
MIUIX vs. VTEB - Drawdown Comparison
The maximum MIUIX drawdown since its inception was -12.91%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for MIUIX and VTEB.
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Drawdown Indicators
| MIUIX | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.91% | -17.00% | +4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.11% | -3.45% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -3.05% | -2.18% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -2.35% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.17% | -0.14% |
Volatility
MIUIX vs. VTEB - Volatility Comparison
The current volatility for MFS Municipal Intermediate Fund (MIUIX) is 1.07%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.39%. This indicates that MIUIX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIUIX | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.39% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 1.85% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 4.00% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.44% | 3.87% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 5.25% | -1.81% |