USTEX vs. VTEB
Compare and contrast key facts about USAA Tax Exempt Long Term Fund (USTEX) and Vanguard Tax-Exempt Bond ETF (VTEB).
USTEX is managed by Victory Capital. It was launched on Mar 18, 1982. 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: USTEX or VTEB.
Correlation
The correlation between USTEX 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
USTEX vs. VTEB - Performance Comparison
Key characteristics
USTEX:
0.17
VTEB:
0.20
USTEX:
0.28
VTEB:
0.28
USTEX:
1.06
VTEB:
1.04
USTEX:
0.17
VTEB:
0.19
USTEX:
0.70
VTEB:
0.66
USTEX:
2.11%
VTEB:
1.41%
USTEX:
8.59%
VTEB:
4.72%
USTEX:
-17.92%
VTEB:
-17.00%
USTEX:
-6.10%
VTEB:
-3.33%
Returns By Period
In the year-to-date period, USTEX achieves a -2.75% return, which is significantly lower than VTEB's -1.76% return.
USTEX
-2.75%
-1.62%
-2.42%
1.82%
1.39%
2.00%
VTEB
-1.76%
-1.12%
-1.38%
1.27%
0.99%
N/A
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USTEX vs. VTEB - Expense Ratio Comparison
USTEX has a 0.46% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
USTEX vs. VTEB — Risk-Adjusted Performance Rank
USTEX
VTEB
USTEX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Tax Exempt Long Term Fund (USTEX) 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
USTEX vs. VTEB - Dividend Comparison
USTEX's dividend yield for the trailing twelve months is around 3.81%, more than VTEB's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USTEX USAA Tax Exempt Long Term Fund | 3.81% | 3.68% | 3.65% | 3.46% | 2.74% | 3.15% | 3.42% | 3.79% | 3.89% | 4.14% | 4.24% | 4.18% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.26% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
USTEX vs. VTEB - Drawdown Comparison
The maximum USTEX drawdown since its inception was -17.92%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for USTEX and VTEB. For additional features, visit the drawdowns tool.
Volatility
USTEX vs. VTEB - Volatility Comparison
USAA Tax Exempt Long Term Fund (USTEX) has a higher volatility of 7.36% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 3.07%. This indicates that USTEX'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.