VTEB vs. RVMD
VTEB (Vanguard Tax-Exempt Bond ETF) is Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index, while RVMD (Revolution Medicines, Inc.) is a stock. Over the past 5 years, VTEB returned 0.88%/yr vs 35.73%/yr for RVMD. At a 0.11 correlation, their price movements are largely independent.
Performance
VTEB vs. RVMD - Performance Comparison
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Returns By Period
In the year-to-date period, VTEB achieves a 1.54% return, which is significantly lower than RVMD's 100.95% return.
VTEB
- 1D
- 0.10%
- 1M
- 1.32%
- YTD
- 1.54%
- 6M
- 1.95%
- 1Y
- 6.68%
- 3Y*
- 3.38%
- 5Y*
- 0.88%
- 10Y*
- 2.02%
RVMD
- 1D
- 4.02%
- 1M
- 9.89%
- YTD
- 100.95%
- 6M
- 102.61%
- 1Y
- 294.33%
- 3Y*
- 86.64%
- 5Y*
- 35.73%
- 10Y*
- —
VTEB vs. RVMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VTEB Vanguard Tax-Exempt Bond ETF | 1.54% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 3.50% |
RVMD Revolution Medicines, Inc. | 100.95% | 82.10% | 52.51% | 20.40% | -5.36% | -36.42% | 40.34% |
Correlation
The correlation between VTEB and RVMD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2020 | 0.11 |
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Return for Risk
VTEB vs. RVMD — Risk / Return Rank
VTEB
RVMD
VTEB vs. RVMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond ETF (VTEB) and Revolution Medicines, Inc. (RVMD). 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.
| VTEB | RVMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.78 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 11.88 | -9.41 |
| Martin ratioReturn relative to average drawdown | 8.75 | 28.48 | -19.73 |
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Drawdowns
VTEB vs. RVMD - Drawdown Comparison
The maximum VTEB drawdown since its inception was -17.00%, smaller than the maximum RVMD drawdown of -73.29%. Use the drawdown chart below to compare losses from any high point for VTEB and RVMD.
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Drawdown Indicators
| VTEB | RVMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.00% | -73.29% | +56.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -24.95% | +22.24% |
Max Drawdown (3Y)Largest decline over 3 years | -5.53% | -48.63% | +43.10% |
Max Drawdown (5Y)Largest decline over 5 years | -12.64% | -57.95% | +45.31% |
Max Drawdown (10Y)Largest decline over 10 years | -17.00% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -2.21% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -35.66% | +33.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 10.57% | -9.80% |
Volatility
VTEB vs. RVMD - Volatility Comparison
The current volatility for Vanguard Tax-Exempt Bond ETF (VTEB) is 0.92%, while Revolution Medicines, Inc. (RVMD) has a volatility of 13.97%. This indicates that VTEB experiences smaller price fluctuations and is considered to be less risky than RVMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTEB | RVMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 13.97% | -13.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 55.20% | -53.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 67.30% | -64.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.90% | 62.58% | -58.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 65.75% | -60.49% |
Dividends
VTEB vs. RVMD - Dividend Comparison
VTEB's dividend yield for the trailing twelve months is around 3.35%, while RVMD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RVMD Revolution Medicines, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.35% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Frequently Asked Questions
VTEB and RVMD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVMD has higher volatility (13.97%) compared to VTEB (0.92%). In terms of maximum drawdown, VTEB dropped -17.00% vs RVMD's -73.29%.
RVMD currently has the higher Sharpe Ratio (4.41 vs 2.52), 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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