NUVBX vs. VTEB
NUVBX (Nuveen Intermediate Duration Municipal Bond Fund) and VTEB (Vanguard Tax-Exempt Bond ETF) are both Municipal Bonds funds. Over the past 10 years, NUVBX returned 2.05%/yr vs 1.88%/yr for VTEB. Their 0.64 correlation means they have sometimes moved together and sometimes differently. NUVBX charges 0.44%/yr vs 0.03%/yr for VTEB.
Performance
NUVBX vs. VTEB - Performance Comparison
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Returns By Period
In the year-to-date period, NUVBX achieves a -0.52% return, which is significantly lower than VTEB's 0.31% return. Over the past 10 years, NUVBX has outperformed VTEB with an annualized return of 2.05%, while VTEB has yielded a comparatively lower 1.88% annualized return.
NUVBX
- 1D
- -0.23%
- 1M
- -1.80%
- 6M
- -1.35%
- YTD
- -0.52%
- 1Y
- 3.36%
- 3Y*
- 3.08%
- 5Y*
- 0.71%
- 10Y*
- 2.05%
- ALL TIME*
- 3.52%
VTEB
- 1D
- -0.10%
- 1M
- -1.84%
- 6M
- -0.23%
- YTD
- 0.31%
- 1Y
- 4.77%
- 3Y*
- 2.92%
- 5Y*
- 0.53%
- 10Y*
- 1.88%
- ALL TIME*
- 2.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $377.87M | $352.76M | $360.69M |
NUVBX vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUVBX Nuveen Intermediate Duration Municipal Bond Fund | -0.52% | 4.83% | 1.98% | 5.89% | -7.92% | 1.99% | 4.47% | 7.44% | 1.63% | 6.26% |
VTEB Vanguard Tax-Exempt Bond ETF | 0.31% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Correlation
The correlation between NUVBX and VTEB is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2015 | 0.64 |
The correlation between NUVBX and VTEB has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
NUVBX vs. VTEB — Risk / Return Rank
NUVBX
VTEB
NUVBX vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Intermediate Duration Municipal Bond Fund (NUVBX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NUVBX | VTEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.00 | -0.55 |
| Martin ratioReturn relative to average drawdown | 3.78 | 6.62 | -2.84 |
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Drawdowns
NUVBX vs. VTEB - Drawdown Comparison
The maximum NUVBX drawdown since its inception was -31.28%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for NUVBX and VTEB.
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Drawdown Indicators
| NUVBX | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.28% | -17.00% | -14.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -2.71% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -4.76% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -12.59% | +0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -12.03% | -17.00% | +4.97% |
Current DrawdownCurrent decline from peak | -2.50% | -1.86% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -2.30% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.82% | +0.28% |
Volatility
NUVBX vs. VTEB - Volatility Comparison
Nuveen Intermediate Duration Municipal Bond Fund (NUVBX) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 0.92% and 0.88%, 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.
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Volatility by Period
| NUVBX | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.88% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 2.22% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 2.79% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 3.92% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 5.25% | -1.65% |
NUVBX vs. VTEB - Expense Ratio Comparison
NUVBX has a 0.44% expense ratio, which is higher than VTEB's 0.03% expense ratio.
Dividends
NUVBX vs. VTEB - Dividend Comparison
NUVBX's dividend yield for the trailing twelve months is around 2.89%, less than VTEB's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUVBX Nuveen Intermediate Duration Municipal Bond Fund | 2.89% | 3.31% | 3.22% | 2.81% | 2.60% | 2.18% | 2.55% | 3.06% | 3.02% | 2.97% | 3.15% | 2.97% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.14% | 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
NUVBX and VTEB have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUVBX has higher volatility (0.92%) compared to VTEB (0.88%). In terms of maximum drawdown, NUVBX dropped -31.28% vs VTEB's -17.00%.
VTEB currently has the higher Sharpe Ratio (1.95 vs 1.65), 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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