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.
Key characteristics
| VTES | VKQ | |
|---|---|---|
| YTD Return | 1.79% | 11.32% |
| 1Y Return | 4.40% | 22.18% |
| Sharpe Ratio | 2.89 | 2.30 |
| Sortino Ratio | 4.48 | 3.55 |
| Omega Ratio | 1.66 | 1.45 |
| Calmar Ratio | 4.05 | 0.73 |
| Martin Ratio | 12.07 | 13.24 |
| Ulcer Index | 0.37% | 1.72% |
| Daily Std Dev | 1.55% | 9.89% |
| Max Drawdown | -2.42% | -51.05% |
| Current Drawdown | -0.32% | -15.67% |
Correlation
The correlation between VTES and VKQ is 0.52, 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
VTES vs. VKQ - Performance Comparison
In the year-to-date period, VTES achieves a 1.79% return, which is significantly lower than VKQ's 11.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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.
Dividends
VTES vs. VKQ - Dividend Comparison
VTES's dividend yield for the trailing twelve months is around 2.98%, less than VKQ's 5.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTES Vanguard Short-Term Tax-Exempt Bond ETF Shares | 2.98% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VKQ Invesco Municipal Trust | 5.71% | 4.60% | 5.63% | 4.71% | 4.66% | 4.99% | 5.98% | 5.76% | 6.43% | 6.39% | 6.37% | 7.35% |
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.
Volatility
VTES vs. VKQ - Volatility Comparison
The current volatility for Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) is 0.75%, while Invesco Municipal Trust (VKQ) has a volatility of 2.42%. 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.