PRFHX vs. VTEB
Compare and contrast key facts about T. Rowe Price Tax Free High Yield Fund (PRFHX) and Vanguard Tax-Exempt Bond ETF (VTEB).
PRFHX is managed by T. Rowe Price. It was launched on Feb 28, 1985. 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: PRFHX or VTEB.
Correlation
The correlation between PRFHX and VTEB is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PRFHX vs. VTEB - Performance Comparison
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Key characteristics
PRFHX:
0.22
VTEB:
0.07
PRFHX:
0.32
VTEB:
0.14
PRFHX:
1.06
VTEB:
1.02
PRFHX:
0.20
VTEB:
0.08
PRFHX:
0.76
VTEB:
0.25
PRFHX:
1.86%
VTEB:
1.56%
PRFHX:
6.49%
VTEB:
4.75%
PRFHX:
-24.76%
VTEB:
-17.00%
PRFHX:
-4.28%
VTEB:
-3.16%
Returns By Period
In the year-to-date period, PRFHX achieves a -2.32% return, which is significantly lower than VTEB's -1.59% return.
PRFHX
-2.32%
2.09%
-2.50%
1.41%
2.81%
2.65%
VTEB
-1.59%
0.90%
-1.46%
0.32%
0.72%
N/A
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PRFHX vs. VTEB - Expense Ratio Comparison
PRFHX has a 0.63% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
PRFHX vs. VTEB — Risk-Adjusted Performance Rank
PRFHX
VTEB
PRFHX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax Free High Yield Fund (PRFHX) 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.
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Dividends
PRFHX vs. VTEB - Dividend Comparison
PRFHX's dividend yield for the trailing twelve months is around 3.97%, more than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFHX T. Rowe Price Tax Free High Yield Fund | 3.97% | 3.80% | 3.62% | 3.75% | 2.98% | 3.50% | 3.53% | 3.68% | 3.62% | 3.89% | 4.01% | 4.13% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
PRFHX vs. VTEB - Drawdown Comparison
The maximum PRFHX drawdown since its inception was -24.76%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for PRFHX and VTEB. For additional features, visit the drawdowns tool.
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Volatility
PRFHX vs. VTEB - Volatility Comparison
T. Rowe Price Tax Free High Yield Fund (PRFHX) has a higher volatility of 1.70% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.23%. This indicates that PRFHX'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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