MMHVX vs. VTEB
Compare and contrast key facts about MainStay MacKay High Yield Municipal Bond Fund (MMHVX) and Vanguard Tax-Exempt Bond ETF (VTEB).
MMHVX is managed by MainStay. It was launched on Mar 30, 2010. 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: MMHVX or VTEB.
Correlation
The correlation between MMHVX and VTEB is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MMHVX vs. VTEB - Performance Comparison
Key characteristics
MMHVX:
1.04
VTEB:
0.60
MMHVX:
1.43
VTEB:
0.85
MMHVX:
1.22
VTEB:
1.11
MMHVX:
0.65
VTEB:
0.48
MMHVX:
3.41
VTEB:
2.15
MMHVX:
1.32%
VTEB:
1.04%
MMHVX:
4.30%
VTEB:
3.73%
MMHVX:
-20.69%
VTEB:
-17.00%
MMHVX:
-1.74%
VTEB:
-1.16%
Returns By Period
In the year-to-date period, MMHVX achieves a 0.69% return, which is significantly higher than VTEB's 0.44% return.
MMHVX
0.69%
0.94%
0.74%
4.50%
1.31%
3.57%
VTEB
0.44%
0.66%
0.62%
2.31%
0.69%
N/A
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MMHVX vs. VTEB - Expense Ratio Comparison
MMHVX has a 0.87% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
MMHVX vs. VTEB — Risk-Adjusted Performance Rank
MMHVX
VTEB
MMHVX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Municipal Bond Fund (MMHVX) 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
MMHVX vs. VTEB - Dividend Comparison
MMHVX's dividend yield for the trailing twelve months is around 3.97%, more than VTEB's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMHVX MainStay MacKay High Yield Municipal Bond Fund | 3.97% | 3.96% | 3.95% | 3.72% | 2.71% | 3.32% | 3.55% | 3.86% | 3.89% | 4.14% | 3.79% | 4.26% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.14% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
MMHVX vs. VTEB - Drawdown Comparison
The maximum MMHVX drawdown since its inception was -20.69%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for MMHVX and VTEB. For additional features, visit the drawdowns tool.
Volatility
MMHVX vs. VTEB - Volatility Comparison
MainStay MacKay High Yield Municipal Bond Fund (MMHVX) has a higher volatility of 1.31% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.07%. This indicates that MMHVX'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.