VTEB vs. FTABX
Compare and contrast key facts about Vanguard Tax-Exempt Bond ETF (VTEB) and Fidelity Tax-Free Bond Fund (FTABX).
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. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEB or FTABX.
Correlation
The correlation between VTEB and FTABX is 0.00, 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
VTEB vs. FTABX - Performance Comparison
Key characteristics
VTEB:
0.16
FTABX:
0.15
VTEB:
0.23
FTABX:
0.23
VTEB:
1.03
FTABX:
1.04
VTEB:
0.16
FTABX:
0.13
VTEB:
0.53
FTABX:
0.53
VTEB:
1.39%
FTABX:
1.52%
VTEB:
4.72%
FTABX:
5.37%
VTEB:
-17.00%
FTABX:
-15.78%
VTEB:
-3.49%
FTABX:
-4.77%
Returns By Period
In the year-to-date period, VTEB achieves a -1.92% return, which is significantly higher than FTABX's -2.45% return.
VTEB
-1.92%
-1.39%
-1.44%
0.86%
0.91%
N/A
FTABX
-2.45%
-2.22%
-1.71%
0.52%
1.36%
1.98%
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VTEB vs. FTABX - Expense Ratio Comparison
VTEB has a 0.05% expense ratio, which is lower than FTABX's 0.25% 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
VTEB vs. FTABX — Risk-Adjusted Performance Rank
VTEB
FTABX
VTEB vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond ETF (VTEB) and Fidelity Tax-Free Bond Fund (FTABX). 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
VTEB vs. FTABX - Dividend Comparison
VTEB's dividend yield for the trailing twelve months is around 3.26%, more than FTABX's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEB Vanguard Tax-Exempt Bond ETF | 3.26% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 3.14% | 3.02% | 2.90% | 2.85% | 2.40% | 2.60% | 2.84% | 3.02% | 3.07% | 3.37% | 3.58% | 3.62% |
Drawdowns
VTEB vs. FTABX - Drawdown Comparison
The maximum VTEB drawdown since its inception was -17.00%, which is greater than FTABX's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for VTEB and FTABX. For additional features, visit the drawdowns tool.
Volatility
VTEB vs. FTABX - Volatility Comparison
The current volatility for Vanguard Tax-Exempt Bond ETF (VTEB) is 3.08%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 4.10%. This indicates that VTEB experiences smaller price fluctuations and is considered to be less risky than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.