VTES vs. VKQ
Compare and contrast key facts about Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) and Invesco Municipal Trust (VKQ).
VTES is a passively managed fund by Vanguard that tracks the performance of the S&P 0-7 Yr National AMT-Free Municipal Bond Index - Benchmark TR Gross. It was launched on Mar 8, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTES or VKQ.
Correlation
The correlation between VTES and VKQ is 0.10, 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
VTES vs. VKQ - Performance Comparison
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Key characteristics
VTES:
1.43
VKQ:
0.43
VTES:
1.84
VKQ:
0.61
VTES:
1.31
VKQ:
1.08
VTES:
1.79
VKQ:
0.19
VTES:
6.11
VKQ:
1.29
VTES:
0.46%
VKQ:
3.25%
VTES:
2.02%
VKQ:
11.31%
VTES:
-2.42%
VKQ:
-51.05%
VTES:
-0.75%
VKQ:
-18.19%
Returns By Period
In the year-to-date period, VTES achieves a 0.64% return, which is significantly higher than VKQ's -1.57% return.
VTES
0.64%
0.85%
0.70%
2.86%
N/A
N/A
VKQ
-1.57%
3.88%
-3.00%
4.84%
1.64%
2.77%
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Risk-Adjusted Performance
VTES vs. VKQ — Risk-Adjusted Performance Rank
VTES
VKQ
VTES vs. VKQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) and Invesco Municipal Trust (VKQ). 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.
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Dividends
VTES vs. VKQ - Dividend Comparison
VTES's dividend yield for the trailing twelve months is around 2.94%, less than VKQ's 7.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTES Vanguard Short-Term Tax-Exempt Bond ETF Shares | 2.94% | 3.00% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VKQ Invesco Municipal Trust | 7.76% | 6.43% | 4.60% | 5.63% | 4.71% | 4.65% | 4.96% | 5.98% | 5.78% | 6.44% | 6.39% | 6.38% |
Drawdowns
VTES vs. VKQ - Drawdown Comparison
The maximum VTES drawdown since its inception was -2.42%, smaller than the maximum VKQ drawdown of -51.05%. Use the drawdown chart below to compare losses from any high point for VTES and VKQ. For additional features, visit the drawdowns tool.
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Volatility
VTES vs. VKQ - Volatility Comparison
The current volatility for Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) is 0.72%, while Invesco Municipal Trust (VKQ) has a volatility of 3.85%. This indicates that VTES experiences smaller price fluctuations and is considered to be less risky than VKQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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