VTEB vs. SUB
Compare and contrast key facts about Vanguard Tax-Exempt Bond ETF (VTEB) and iShares Short-Term National Muni Bond ETF (SUB).
VTEB and SUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SUB is a passively managed fund by iShares that tracks the performance of the ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross. It was launched on Nov 5, 2008. Both VTEB and SUB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEB or SUB.
Key characteristics
| VTEB | SUB | |
|---|---|---|
| YTD Return | 1.58% | 1.82% |
| 1Y Return | 6.31% | 3.46% |
| 3Y Return (Ann) | -0.09% | 0.91% |
| 5Y Return (Ann) | 1.23% | 1.11% |
| Sharpe Ratio | 1.70 | 2.37 |
| Sortino Ratio | 2.48 | 3.72 |
| Omega Ratio | 1.33 | 1.49 |
| Calmar Ratio | 0.93 | 3.05 |
| Martin Ratio | 7.24 | 11.26 |
| Ulcer Index | 0.91% | 0.31% |
| Daily Std Dev | 3.90% | 1.49% |
| Max Drawdown | -17.00% | -9.46% |
| Current Drawdown | -1.22% | -0.53% |
Correlation
The correlation between VTEB and SUB is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VTEB vs. SUB - Performance Comparison
In the year-to-date period, VTEB achieves a 1.58% return, which is significantly lower than SUB's 1.82% 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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VTEB vs. SUB - Expense Ratio Comparison
VTEB has a 0.05% expense ratio, which is lower than SUB'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. SUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond ETF (VTEB) and iShares Short-Term National Muni Bond ETF (SUB). 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. SUB - Dividend Comparison
VTEB's dividend yield for the trailing twelve months is around 3.09%, more than SUB's 2.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
SUB iShares Short-Term National Muni Bond ETF | 2.04% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 0.75% | 0.77% | 0.76% | 0.84% |
Drawdowns
VTEB vs. SUB - Drawdown Comparison
The maximum VTEB drawdown since its inception was -17.00%, which is greater than SUB's maximum drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for VTEB and SUB. For additional features, visit the drawdowns tool.
Volatility
VTEB vs. SUB - Volatility Comparison
Vanguard Tax-Exempt Bond ETF (VTEB) has a higher volatility of 1.97% compared to iShares Short-Term National Muni Bond ETF (SUB) at 0.65%. This indicates that VTEB's price experiences larger fluctuations and is considered to be riskier than SUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.