VTEAX vs. LEO
Compare and contrast key facts about Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and BNY Mellon Strategic Municipals, Inc. (LEO).
VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEAX or LEO.
Key characteristics
| VTEAX | LEO | |
|---|---|---|
| YTD Return | 1.35% | 11.40% |
| 1Y Return | 6.94% | 22.17% |
| 3Y Return (Ann) | -0.30% | -5.63% |
| 5Y Return (Ann) | 1.23% | -1.56% |
| Sharpe Ratio | 2.24 | 2.10 |
| Sortino Ratio | 3.33 | 3.00 |
| Omega Ratio | 1.53 | 1.39 |
| Calmar Ratio | 0.88 | 0.57 |
| Martin Ratio | 8.85 | 12.01 |
| Ulcer Index | 0.80% | 1.75% |
| Daily Std Dev | 3.15% | 10.01% |
| Max Drawdown | -12.74% | -47.35% |
| Current Drawdown | -1.61% | -23.29% |
Correlation
The correlation between VTEAX and LEO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VTEAX vs. LEO - Performance Comparison
In the year-to-date period, VTEAX achieves a 1.35% return, which is significantly lower than LEO's 11.40% 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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Risk-Adjusted Performance
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.
Dividends
VTEAX vs. LEO - Dividend Comparison
VTEAX's dividend yield for the trailing twelve months is around 3.07%, less than LEO's 3.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.07% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
LEO BNY Mellon Strategic Municipals, Inc. | 3.60% | 4.37% | 5.66% | 4.84% | 4.95% | 4.94% | 5.96% | 5.97% | 6.14% | 6.04% | 7.11% | 7.74% |
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.
Volatility
VTEAX vs. LEO - Volatility Comparison
The current volatility for Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) is 1.62%, while BNY Mellon Strategic Municipals, Inc. (LEO) has a volatility of 4.00%. 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.