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VTEAX vs. LEO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VTEAX and LEO is -0.03. 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.


-0.50.00.51.0
Correlation: -0.0

Performance

VTEAX vs. LEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and BNY Mellon Strategic Municipals, Inc. (LEO). The values are adjusted to include any dividend payments, if applicable.

15.00%20.00%25.00%30.00%December2025FebruaryMarchAprilMay
20.96%
19.13%
VTEAX
LEO

Key characteristics

Sharpe Ratio

VTEAX:

0.26

LEO:

0.30

Sortino Ratio

VTEAX:

0.36

LEO:

0.47

Omega Ratio

VTEAX:

1.06

LEO:

1.06

Calmar Ratio

VTEAX:

0.23

LEO:

0.11

Martin Ratio

VTEAX:

0.85

LEO:

0.73

Ulcer Index

VTEAX:

1.48%

LEO:

4.62%

Daily Std Dev

VTEAX:

4.95%

LEO:

11.33%

Max Drawdown

VTEAX:

-12.74%

LEO:

-47.35%

Current Drawdown

VTEAX:

-3.18%

LEO:

-27.52%

Returns By Period

The year-to-date returns for both investments are quite close, with VTEAX having a -1.61% return and LEO slightly higher at -1.58%.


VTEAX

YTD

-1.61%

1M

-1.36%

6M

-1.19%

1Y

1.01%

5Y*

0.99%

10Y*

N/A

LEO

YTD

-1.58%

1M

-4.54%

6M

-4.31%

1Y

2.01%

5Y*

0.28%

10Y*

1.63%

*Annualized

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Risk-Adjusted Performance

VTEAX vs. LEO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTEAX
The Risk-Adjusted Performance Rank of VTEAX is 3636
Overall Rank
The Sharpe Ratio Rank of VTEAX is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEAX is 3232
Sortino Ratio Rank
The Omega Ratio Rank of VTEAX is 3434
Omega Ratio Rank
The Calmar Ratio Rank of VTEAX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of VTEAX is 3737
Martin Ratio Rank

LEO
The Risk-Adjusted Performance Rank of LEO is 5656
Overall Rank
The Sharpe Ratio Rank of LEO is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of LEO is 4949
Sortino Ratio Rank
The Omega Ratio Rank of LEO is 5050
Omega Ratio Rank
The Calmar Ratio Rank of LEO is 5656
Calmar Ratio Rank
The Martin Ratio Rank of LEO is 6060
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VTEAX vs. LEO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and BNY Mellon Strategic Municipals, Inc. (LEO). 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.


The chart of Sharpe ratio for VTEAX, currently valued at 0.26, compared to the broader market-2.00-1.000.001.002.003.00
VTEAX: 0.26
LEO: 0.30
The chart of Sortino ratio for VTEAX, currently valued at 0.36, compared to the broader market-2.000.002.004.006.008.00
VTEAX: 0.36
LEO: 0.47
The chart of Omega ratio for VTEAX, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.00
VTEAX: 1.06
LEO: 1.06
The chart of Calmar ratio for VTEAX, currently valued at 0.23, compared to the broader market0.002.004.006.008.0010.00
VTEAX: 0.23
LEO: 0.11
The chart of Martin ratio for VTEAX, currently valued at 0.85, compared to the broader market0.0010.0020.0030.0040.00
VTEAX: 0.85
LEO: 0.73

The current VTEAX Sharpe Ratio is 0.26, which is comparable to the LEO Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of VTEAX and LEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2025FebruaryMarchAprilMay
0.26
0.30
VTEAX
LEO

Dividends

VTEAX vs. LEO - Dividend Comparison

VTEAX's dividend yield for the trailing twelve months is around 2.95%, less than LEO's 3.88% yield.


TTM20242023202220212020201920182017201620152014
VTEAX
Vanguard Tax-Exempt Bond Index Fund Admiral Shares
2.95%3.10%2.76%2.05%1.60%1.97%2.27%2.24%1.95%1.67%0.59%0.00%
LEO
BNY Mellon Strategic Municipals, Inc.
3.88%3.77%4.37%5.66%4.84%4.95%4.94%5.96%5.97%6.14%6.04%7.11%

Drawdowns

VTEAX vs. LEO - Drawdown Comparison

The maximum VTEAX drawdown since its inception was -12.74%, smaller than the maximum LEO drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for VTEAX and LEO. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-3.18%
-27.52%
VTEAX
LEO

Volatility

VTEAX vs. LEO - Volatility Comparison

The current volatility for Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) is 3.82%, while BNY Mellon Strategic Municipals, Inc. (LEO) has a volatility of 5.98%. This indicates that VTEAX experiences smaller price fluctuations and is considered to be less risky than LEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%December2025FebruaryMarchAprilMay
3.82%
5.98%
VTEAX
LEO