Correlation
The correlation between VANTX and VTEB 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.
VANTX vs. VTEB
Compare and contrast key facts about JPMorgan New York Tax Free Bond Fund (VANTX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VANTX is managed by JPMorgan. It was launched on Feb 15, 2001. 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: VANTX or VTEB.
Performance
VANTX vs. VTEB - Performance Comparison
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Key characteristics
VANTX:
0.36
VTEB:
0.32
VANTX:
0.43
VTEB:
0.39
VANTX:
1.07
VTEB:
1.06
VANTX:
0.27
VTEB:
0.28
VANTX:
1.02
VTEB:
0.80
VANTX:
1.29%
VTEB:
1.66%
VANTX:
4.27%
VTEB:
4.76%
VANTX:
-10.95%
VTEB:
-17.00%
VANTX:
-2.86%
VTEB:
-3.16%
Returns By Period
In the year-to-date period, VANTX achieves a -1.11% return, which is significantly higher than VTEB's -1.59% return.
VANTX
-1.11%
-0.35%
-1.94%
1.53%
1.65%
0.43%
1.24%
VTEB
-1.59%
-0.54%
-2.85%
1.53%
1.51%
0.45%
N/A
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VANTX vs. VTEB - Expense Ratio Comparison
VANTX has a 0.95% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
VANTX vs. VTEB — Risk-Adjusted Performance Rank
VANTX
VTEB
VANTX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan New York Tax Free Bond Fund (VANTX) 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
VANTX vs. VTEB - Dividend Comparison
VANTX's dividend yield for the trailing twelve months is around 3.35%, more than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VANTX JPMorgan New York Tax Free Bond Fund | 3.35% | 3.14% | 2.57% | 2.00% | 1.65% | 1.73% | 1.13% | 2.76% | 2.88% | 3.08% | 4.11% | 3.93% |
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
VANTX vs. VTEB - Drawdown Comparison
The maximum VANTX drawdown since its inception was -10.95%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VANTX and VTEB.
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Volatility
VANTX vs. VTEB - Volatility Comparison
The current volatility for JPMorgan New York Tax Free Bond Fund (VANTX) is 0.69%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.05%. This indicates that VANTX 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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