Correlation
The correlation between PRNMX and VTEB is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
PRNMX vs. VTEB
Compare and contrast key facts about PGIM National Muni Fund (PRNMX) and Vanguard Tax-Exempt Bond ETF (VTEB).
PRNMX is managed by PGIM Investments. It was launched on Jan 21, 1990. 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: PRNMX or VTEB.
Performance
PRNMX vs. VTEB - Performance Comparison
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Key characteristics
PRNMX:
0.57
VTEB:
0.32
PRNMX:
0.68
VTEB:
0.39
PRNMX:
1.14
VTEB:
1.06
PRNMX:
0.45
VTEB:
0.28
PRNMX:
2.01
VTEB:
0.80
PRNMX:
1.09%
VTEB:
1.66%
PRNMX:
4.37%
VTEB:
4.76%
PRNMX:
-12.72%
VTEB:
-17.00%
PRNMX:
-2.44%
VTEB:
-3.16%
Returns By Period
In the year-to-date period, PRNMX achieves a -0.28% return, which is significantly higher than VTEB's -1.59% return.
PRNMX
-0.28%
-0.07%
-1.22%
2.22%
2.06%
0.96%
1.93%
VTEB
-1.59%
-0.37%
-2.85%
1.32%
1.51%
0.45%
N/A
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PRNMX vs. VTEB - Expense Ratio Comparison
PRNMX has a 0.61% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
PRNMX vs. VTEB — Risk-Adjusted Performance Rank
PRNMX
VTEB
PRNMX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM National Muni Fund (PRNMX) 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
PRNMX vs. VTEB - Dividend Comparison
PRNMX's dividend yield for the trailing twelve months is around 2.82%, less than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNMX PGIM National Muni Fund | 2.82% | 2.94% | 2.40% | 2.04% | 1.88% | 2.50% | 3.07% | 3.43% | 3.43% | 3.59% | 3.61% | 3.64% |
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
PRNMX vs. VTEB - Drawdown Comparison
The maximum PRNMX drawdown since its inception was -12.72%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for PRNMX and VTEB.
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Volatility
PRNMX vs. VTEB - Volatility Comparison
The current volatility for PGIM National Muni Fund (PRNMX) is 0.38%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.05%. This indicates that PRNMX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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