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VTEB vs. MUB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VTEB and MUB 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. MUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Exempt Bond ETF (VTEB) and iShares National AMT-Free Muni Bond ETF (MUB). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

VTEB:

0.07

MUB:

0.08

Sortino Ratio

VTEB:

0.14

MUB:

0.15

Omega Ratio

VTEB:

1.02

MUB:

1.02

Calmar Ratio

VTEB:

0.08

MUB:

0.09

Martin Ratio

VTEB:

0.25

MUB:

0.28

Ulcer Index

VTEB:

1.56%

MUB:

1.53%

Daily Std Dev

VTEB:

4.75%

MUB:

4.78%

Max Drawdown

VTEB:

-17.00%

MUB:

-13.68%

Current Drawdown

VTEB:

-3.16%

MUB:

-2.92%

Returns By Period

In the year-to-date period, VTEB achieves a -1.59% return, which is significantly lower than MUB's -1.34% return.


VTEB

YTD

-1.59%

1M

0.90%

6M

-1.46%

1Y

0.32%

5Y*

0.72%

10Y*

N/A

MUB

YTD

-1.34%

1M

1.06%

6M

-1.34%

1Y

0.37%

5Y*

0.66%

10Y*

1.96%

*Annualized

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VTEB vs. MUB - Expense Ratio Comparison

VTEB has a 0.05% expense ratio, which is lower than MUB's 0.07% 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. MUB — Risk-Adjusted Performance Rank

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

VTEB
The Risk-Adjusted Performance Rank of VTEB is 1717
Overall Rank
The Sharpe Ratio Rank of VTEB is 1818
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEB is 1515
Sortino Ratio Rank
The Omega Ratio Rank of VTEB is 1515
Omega Ratio Rank
The Calmar Ratio Rank of VTEB is 2020
Calmar Ratio Rank
The Martin Ratio Rank of VTEB is 1919
Martin Ratio Rank

MUB
The Risk-Adjusted Performance Rank of MUB is 1818
Overall Rank
The Sharpe Ratio Rank of MUB is 1818
Sharpe Ratio Rank
The Sortino Ratio Rank of MUB is 1515
Sortino Ratio Rank
The Omega Ratio Rank of MUB is 1616
Omega Ratio Rank
The Calmar Ratio Rank of MUB is 2020
Calmar Ratio Rank
The Martin Ratio Rank of MUB is 1919
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.

VTEB vs. MUB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond ETF (VTEB) and iShares National AMT-Free Muni Bond ETF (MUB). 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 current VTEB Sharpe Ratio is 0.07, which is comparable to the MUB Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of VTEB and MUB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

VTEB vs. MUB - Dividend Comparison

VTEB's dividend yield for the trailing twelve months is around 3.27%, more than MUB's 3.14% yield.


TTM20242023202220212020201920182017201620152014
VTEB
Vanguard Tax-Exempt Bond ETF
3.27%3.14%2.79%2.09%1.65%1.99%2.30%2.25%1.96%1.66%0.58%0.00%
MUB
iShares National AMT-Free Muni Bond ETF
3.14%3.01%2.65%2.11%1.81%2.11%2.42%2.46%2.26%2.21%2.51%2.73%

Drawdowns

VTEB vs. MUB - Drawdown Comparison

The maximum VTEB drawdown since its inception was -17.00%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for VTEB and MUB. For additional features, visit the drawdowns tool.


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Volatility

VTEB vs. MUB - Volatility Comparison

Vanguard Tax-Exempt Bond ETF (VTEB) and iShares National AMT-Free Muni Bond ETF (MUB) have volatilities of 1.23% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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