VTEI vs. MDXBX
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and T. Rowe Price Maryland Tax Free Bond Fund (MDXBX).
VTEI is a passively managed fund by Vanguard that tracks the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index. It was launched on Jan 29, 2024. MDXBX is managed by T. Rowe Price. It was launched on Mar 30, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEI or MDXBX.
Correlation
The correlation between VTEI and MDXBX is 0.05, 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
VTEI vs. MDXBX - Performance Comparison
Key characteristics
VTEI:
0.35
MDXBX:
0.27
VTEI:
0.46
MDXBX:
0.38
VTEI:
1.07
MDXBX:
1.07
VTEI:
0.36
MDXBX:
0.25
VTEI:
1.33
MDXBX:
0.95
VTEI:
0.99%
MDXBX:
1.56%
VTEI:
3.76%
MDXBX:
5.63%
VTEI:
-3.64%
MDXBX:
-14.37%
VTEI:
-2.23%
MDXBX:
-3.90%
Returns By Period
In the year-to-date period, VTEI achieves a -0.88% return, which is significantly higher than MDXBX's -2.28% return.
VTEI
-0.88%
-0.38%
-0.49%
1.68%
N/A
N/A
MDXBX
-2.28%
-0.84%
-1.74%
1.80%
1.42%
1.96%
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VTEI vs. MDXBX - Expense Ratio Comparison
VTEI has a 0.08% expense ratio, which is lower than MDXBX's 0.49% expense ratio.
Risk-Adjusted Performance
VTEI vs. MDXBX — Risk-Adjusted Performance Rank
VTEI
MDXBX
VTEI vs. MDXBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and T. Rowe Price Maryland Tax Free Bond Fund (MDXBX). 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
VTEI vs. MDXBX - Dividend Comparison
VTEI's dividend yield for the trailing twelve months is around 2.97%, less than MDXBX's 3.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 2.97% | 2.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDXBX T. Rowe Price Maryland Tax Free Bond Fund | 3.40% | 3.28% | 3.06% | 2.80% | 2.30% | 2.65% | 2.82% | 3.11% | 3.25% | 3.44% | 3.58% | 3.67% |
Drawdowns
VTEI vs. MDXBX - Drawdown Comparison
The maximum VTEI drawdown since its inception was -3.64%, smaller than the maximum MDXBX drawdown of -14.37%. Use the drawdown chart below to compare losses from any high point for VTEI and MDXBX. For additional features, visit the drawdowns tool.
Volatility
VTEI vs. MDXBX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is 2.63%, while T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) has a volatility of 4.48%. This indicates that VTEI experiences smaller price fluctuations and is considered to be less risky than MDXBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.