VBMPX vs. VTEB
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VBMPX is managed by Vanguard. It was launched on Feb 5, 2010. 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: VBMPX or VTEB.
Key characteristics
| VBMPX | VTEB | |
|---|---|---|
| YTD Return | 2.22% | 1.60% |
| 1Y Return | 8.99% | 7.56% |
| 3Y Return (Ann) | -2.40% | -0.17% |
| 5Y Return (Ann) | 0.00% | 1.30% |
| Sharpe Ratio | 1.38 | 1.80 |
| Sortino Ratio | 2.04 | 2.67 |
| Omega Ratio | 1.25 | 1.36 |
| Calmar Ratio | 0.50 | 0.88 |
| Martin Ratio | 4.90 | 7.97 |
| Ulcer Index | 1.64% | 0.90% |
| Daily Std Dev | 5.82% | 3.98% |
| Max Drawdown | -18.99% | -17.00% |
| Current Drawdown | -8.42% | -1.20% |
Correlation
The correlation between VBMPX and VTEB is 0.67, 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
VBMPX vs. VTEB - Performance Comparison
In the year-to-date period, VBMPX achieves a 2.22% return, which is significantly higher than VTEB's 1.60% 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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VBMPX vs. VTEB - Expense Ratio Comparison
VBMPX has a 0.03% expense ratio, which is lower than VTEB's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VBMPX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) 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
VBMPX vs. VTEB - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.58%, more than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.58% | 3.12% | 2.55% | 1.93% | 2.25% | 2.74% | 2.78% | 2.55% | 2.50% | 2.52% | 2.58% | 2.58% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
VBMPX vs. VTEB - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.99%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VBMPX and VTEB. For additional features, visit the drawdowns tool.
Volatility
VBMPX vs. VTEB - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) is 1.66%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.96%. This indicates that VBMPX 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.