VSDM vs. EINC
VSDM (Vanguard Short Duration Tax-Exempt Bond ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - VSDM is a Municipal Bonds fund actively managed by Vanguard, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. VSDM is actively managed, while EINC is passively managed. Over the past year, VSDM returned 4.62% vs 27.21% for EINC. At a correlation of -0.03, they often move in opposite directions. VSDM charges 0.12%/yr vs 0.45%/yr for EINC.
Performance
VSDM vs. EINC - Performance Comparison
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Returns By Period
In the year-to-date period, VSDM achieves a 1.37% return, which is significantly lower than EINC's 24.27% return.
VSDM
- 1D
- 0.00%
- 1M
- 0.75%
- YTD
- 1.37%
- 6M
- 1.53%
- 1Y
- 4.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EINC
- 1D
- 1.33%
- 1M
- -5.79%
- YTD
- 24.27%
- 6M
- 25.77%
- 1Y
- 27.21%
- 3Y*
- 29.77%
- 5Y*
- 20.86%
- 10Y*
- 11.88%
VSDM vs. EINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VSDM Vanguard Short Duration Tax-Exempt Bond ETF | 1.37% | 5.39% | -0.10% |
EINC VanEck Energy Income ETF | 24.27% | 7.11% | -3.65% |
Correlation
The correlation between VSDM and EINC is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | -0.03 |
The correlation between VSDM and EINC shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VSDM vs. EINC — Risk / Return Rank
VSDM
EINC
VSDM vs. EINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) and VanEck Energy Income ETF (EINC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VSDM | EINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.84 | 1.32 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.47 | -0.30 |
| Martin ratioReturn relative to average drawdown | 11.07 | 8.82 | +2.25 |
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Drawdowns
VSDM vs. EINC - Drawdown Comparison
The maximum VSDM drawdown since its inception was -1.81%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for VSDM and EINC.
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Drawdown Indicators
| VSDM | EINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -87.55% | +85.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -7.89% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.85% | — |
Current DrawdownCurrent decline from peak | -0.19% | -5.79% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -44.16% | +43.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 3.09% | -2.67% |
Volatility
VSDM vs. EINC - Volatility Comparison
The current volatility for Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) is 0.32%, while VanEck Energy Income ETF (EINC) has a volatility of 6.32%. This indicates that VSDM experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSDM | EINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 6.32% | -6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 11.86% | -10.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 15.07% | -13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 19.54% | -17.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.93% | 25.43% | -23.50% |
VSDM vs. EINC - Expense Ratio Comparison
VSDM has a 0.12% expense ratio, which is lower than EINC's 0.45% expense ratio.
Dividends
VSDM vs. EINC - Dividend Comparison
VSDM's dividend yield for the trailing twelve months is around 3.10%, less than EINC's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINC VanEck Energy Income ETF | 3.56% | 4.51% | 3.33% | 3.77% | 2.89% | 6.03% | 6.69% | 9.66% | 11.31% | 8.53% | 9.71% | 28.53% |
VSDM Vanguard Short Duration Tax-Exempt Bond ETF | 3.10% | 3.06% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VSDM and EINC have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EINC has higher volatility (6.32%) compared to VSDM (0.32%). In terms of maximum drawdown, VSDM dropped -1.81% vs EINC's -87.55%.
On 1-year performance, EINC leads with 27.21% vs 4.62% for VSDM. On fees, VSDM is cheaper at 0.12% per year. On volatility, VSDM has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EINC has performed better with a 27.21% return vs 4.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VSDM is cheaper with a 0.12% expense ratio, compared with 0.45% for EINC.
EINC has the higher dividend yield at 3.56%, compared with 3.10% for VSDM.
VSDM is categorized as Municipal Bonds, while EINC is Energy Equities. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.12% for VSDM and 0.45% for EINC.
VSDM currently has the higher Sharpe Ratio (3.41 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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