MUB vs. VTEB
Compare and contrast key facts about iShares National AMT-Free Muni Bond ETF (MUB) and Vanguard Tax-Exempt Bond ETF (VTEB).
MUB and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007. 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. Both MUB and VTEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUB or VTEB.
Key characteristics
| MUB | VTEB | |
|---|---|---|
| YTD Return | 1.59% | 1.58% |
| 1Y Return | 5.64% | 6.31% |
| 3Y Return (Ann) | 0.00% | -0.09% |
| 5Y Return (Ann) | 1.22% | 1.23% |
| Sharpe Ratio | 1.55 | 1.70 |
| Sortino Ratio | 2.23 | 2.48 |
| Omega Ratio | 1.30 | 1.33 |
| Calmar Ratio | 0.93 | 0.93 |
| Martin Ratio | 6.44 | 7.24 |
| Ulcer Index | 0.94% | 0.91% |
| Daily Std Dev | 3.90% | 3.90% |
| Max Drawdown | -13.68% | -17.00% |
| Current Drawdown | -1.19% | -1.22% |
Correlation
The correlation between MUB and VTEB is 0.84, 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
MUB vs. VTEB - Performance Comparison
The year-to-date returns for both stocks are quite close, with MUB having a 1.59% return and VTEB slightly lower at 1.58%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MUB vs. VTEB - Expense Ratio Comparison
MUB has a 0.07% expense ratio, which is higher than VTEB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
MUB vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares National AMT-Free Muni Bond ETF (MUB) 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
MUB vs. VTEB - Dividend Comparison
MUB's dividend yield for the trailing twelve months is around 2.95%, less than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUB iShares National AMT-Free Muni Bond ETF | 2.95% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
MUB vs. VTEB - Drawdown Comparison
The maximum MUB drawdown since its inception was -13.68%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for MUB and VTEB. For additional features, visit the drawdowns tool.
Volatility
MUB vs. VTEB - Volatility Comparison
iShares National AMT-Free Muni Bond ETF (MUB) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.95% and 1.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.