MPLX vs. VTEB
MPLX (MPLX LP) is a stock, while VTEB (Vanguard Tax-Exempt Bond ETF) is Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Over the past 10 years, MPLX returned 15.21%/yr vs 2.12%/yr for VTEB. At a correlation of -0.03, they often move in opposite directions.
Performance
MPLX vs. VTEB - Performance Comparison
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Returns By Period
In the year-to-date period, MPLX achieves a 9.69% return, which is significantly higher than VTEB's 1.60% return. Over the past 10 years, MPLX has outperformed VTEB with an annualized return of 15.21%, while VTEB has yielded a comparatively lower 2.12% annualized return.
MPLX
- 1D
- 1.92%
- 1M
- 3.16%
- YTD
- 9.69%
- 6M
- 4.77%
- 1Y
- 19.39%
- 3Y*
- 28.89%
- 5Y*
- 24.70%
- 10Y*
- 15.21%
VTEB
- 1D
- 0.14%
- 1M
- 0.75%
- YTD
- 1.60%
- 6M
- 2.05%
- 1Y
- 7.03%
- 3Y*
- 3.54%
- 5Y*
- 0.91%
- 10Y*
- 2.12%
MPLX vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 9.69% | 20.54% | 41.72% | 22.46% | 21.09% | 53.92% | -1.79% | -8.25% | -8.43% | 9.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 1.60% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Correlation
The correlation between MPLX and VTEB is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2015 | -0.03 |
The correlation between MPLX and VTEB shifts across timeframes, from -0.12 (1 year) to 0.05 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MPLX vs. VTEB — Risk / Return Rank
MPLX
VTEB
MPLX vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MPLX LP (MPLX) 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.
| MPLX | VTEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.57 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.60 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.94 | 9.25 | -3.31 |
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
| MPLX | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.61 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.23 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.40 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.48 | -0.08 |
Drawdowns
MPLX vs. VTEB - Drawdown Comparison
The maximum MPLX drawdown since its inception was -85.72%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for MPLX and VTEB.
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Drawdown Indicators
| MPLX | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.72% | -17.00% | -68.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -2.71% | -5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.58% | -5.53% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -12.64% | -5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -75.21% | -17.00% | -58.21% |
Current DrawdownCurrent decline from peak | -2.96% | -0.38% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -30.00% | -2.33% | -27.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 0.76% | +2.51% |
Volatility
MPLX vs. VTEB - Volatility Comparison
MPLX LP (MPLX) has a higher volatility of 5.12% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.90%. This indicates that MPLX'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.
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Volatility by Period
| MPLX | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 0.90% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 2.01% | +9.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.68% | 2.72% | +12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.42% | 3.90% | +15.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.66% | 5.26% | +25.40% |
Dividends
MPLX vs. VTEB - Dividend Comparison
MPLX's dividend yield for the trailing twelve months is around 7.43%, more than VTEB's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 7.43% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.35% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Frequently Asked Questions
MPLX and VTEB have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPLX has higher volatility (5.12%) compared to VTEB (0.90%). In terms of maximum drawdown, MPLX dropped -85.72% vs VTEB's -17.00%.
VTEB currently has the higher Sharpe Ratio (2.61 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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