Correlation
The correlation between PTAEX and VMFXX is -0.01. 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.
PTAEX vs. VMFXX
Compare and contrast key facts about Putnam Tax Exempt Income Fund (PTAEX) and Vanguard Federal Money Market Fund (VMFXX).
PTAEX is managed by Putnam. It was launched on Dec 30, 1976. VMFXX is managed by Vanguard. It was launched on Sep 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTAEX or VMFXX.
Performance
PTAEX vs. VMFXX - Performance Comparison
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Key characteristics
PTAEX:
0.19
VMFXX:
3.28
PTAEX:
2.10%
VMFXX:
0.00%
PTAEX:
6.17%
VMFXX:
1.27%
PTAEX:
-17.84%
VMFXX:
0.00%
PTAEX:
-4.84%
VMFXX:
0.00%
Returns By Period
In the year-to-date period, PTAEX achieves a -2.39% return, which is significantly lower than VMFXX's 0.69% return. Over the past 10 years, PTAEX has outperformed VMFXX with an annualized return of 1.98%, while VMFXX has yielded a comparatively lower 1.72% annualized return.
PTAEX
-2.39%
-0.92%
-3.85%
0.74%
1.57%
0.83%
1.98%
VMFXX
0.69%
0.00%
1.08%
3.68%
4.17%
2.51%
1.72%
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PTAEX vs. VMFXX - Expense Ratio Comparison
PTAEX has a 0.80% expense ratio, which is higher than VMFXX's 0.00% expense ratio.
Risk-Adjusted Performance
PTAEX vs. VMFXX — Risk-Adjusted Performance Rank
PTAEX
VMFXX
PTAEX vs. VMFXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Tax Exempt Income Fund (PTAEX) and Vanguard Federal Money Market Fund (VMFXX). 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
PTAEX vs. VMFXX - Dividend Comparison
PTAEX's dividend yield for the trailing twelve months is around 3.08%, less than VMFXX's 4.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTAEX Putnam Tax Exempt Income Fund | 3.08% | 3.21% | 3.09% | 2.69% | 4.00% | 2.27% | 4.95% | 3.52% | 3.38% | 3.78% | 3.79% | 4.06% |
VMFXX Vanguard Federal Money Market Fund | 4.31% | 5.11% | 4.97% | 1.54% | 0.01% | 0.45% | 2.12% | 1.61% | 0.50% | 0.00% | 0.00% | 0.00% |
Drawdowns
PTAEX vs. VMFXX - Drawdown Comparison
The maximum PTAEX drawdown since its inception was -17.84%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PTAEX and VMFXX.
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Volatility
PTAEX vs. VMFXX - Volatility Comparison
Putnam Tax Exempt Income Fund (PTAEX) has a higher volatility of 0.97% compared to Vanguard Federal Money Market Fund (VMFXX) at 0.00%. This indicates that PTAEX's price experiences larger fluctuations and is considered to be riskier than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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