VTEI vs. VONE
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and Vanguard Russell 1000 ETF (VONE).
VTEI and VONE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010. Both VTEI and VONE 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: VTEI or VONE.
Correlation
The correlation between VTEI and VONE is 0.16, 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. VONE - Performance Comparison
Key characteristics
VTEI:
0.33
VONE:
0.55
VTEI:
0.44
VONE:
0.88
VTEI:
1.07
VONE:
1.13
VTEI:
0.34
VONE:
0.55
VTEI:
1.28
VONE:
2.26
VTEI:
0.98%
VONE:
4.66%
VTEI:
3.76%
VONE:
19.27%
VTEI:
-3.64%
VONE:
-34.67%
VTEI:
-2.49%
VONE:
-10.95%
Returns By Period
In the year-to-date period, VTEI achieves a -1.14% return, which is significantly higher than VONE's -6.70% return.
VTEI
-1.14%
-1.13%
-0.64%
1.26%
N/A
N/A
VONE
-6.70%
-5.24%
-5.00%
9.26%
15.72%
11.64%
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VTEI vs. VONE - Expense Ratio Comparison
Both VTEI and VONE have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VTEI vs. VONE — Risk-Adjusted Performance Rank
VTEI
VONE
VTEI vs. VONE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and Vanguard Russell 1000 ETF (VONE). 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. VONE - Dividend Comparison
VTEI's dividend yield for the trailing twelve months is around 2.98%, more than VONE's 1.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 2.98% | 2.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VONE Vanguard Russell 1000 ETF | 1.32% | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.66% | 1.96% | 1.69% | 1.89% | 1.89% | 1.68% |
Drawdowns
VTEI vs. VONE - Drawdown Comparison
The maximum VTEI drawdown since its inception was -3.64%, smaller than the maximum VONE drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for VTEI and VONE. For additional features, visit the drawdowns tool.
Volatility
VTEI vs. VONE - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is 2.64%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 13.94%. This indicates that VTEI experiences smaller price fluctuations and is considered to be less risky than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.