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.
Key characteristics
| USTEX | VTEB | |
|---|---|---|
| YTD Return | 4.35% | 2.09% |
| 1Y Return | 11.28% | 7.32% |
| 3Y Return (Ann) | -0.49% | -0.07% |
| 5Y Return (Ann) | 1.54% | 1.34% |
| Sharpe Ratio | 2.09 | 1.73 |
| Daily Std Dev | 5.26% | 4.24% |
| Max Drawdown | -17.92% | -17.00% |
| Current Drawdown | -2.09% | -0.73% |
Correlation
The correlation between USTEX and VTEB is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
USTEX vs. VTEB - Performance Comparison
In the year-to-date period, USTEX achieves a 4.35% return, which is significantly higher than VTEB's 2.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 3.59%, more than VTEB's 3.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USTEX USAA Tax Exempt Long Term Fund | 3.59% | 3.64% | 3.45% | 2.74% | 3.14% | 3.42% | 3.79% | 3.89% | 4.14% | 4.24% | 4.18% | 4.21% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.02% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 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
The current volatility for USAA Tax Exempt Long Term Fund (USTEX) is 0.52%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 0.58%. This indicates that USTEX 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.