VTEX vs. VTEI
VTEX (VTEX) is a stock, while VTEI (Vanguard Intermediate-Term Tax-Exempt Bond ETF) is Municipal Bonds fund tracking the S&P Intermediate Term National AMT-Free Municipal Bond Index. Over the past year, VTEX returned -40.69% vs 5.17% for VTEI. At a 0.12 correlation, their price movements are largely independent.
Performance
VTEX vs. VTEI - Performance Comparison
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Returns By Period
In the year-to-date period, VTEX achieves a 5.85% return, which is significantly higher than VTEI's 0.93% return.
VTEX
- 1D
- -0.50%
- 1M
- 9.64%
- 6M
- 18.10%
- YTD
- 5.85%
- 1Y
- -40.69%
- 3Y*
- -9.28%
- 5Y*
- —
- 10Y*
- —
VTEI
- 1D
- -0.15%
- 1M
- -0.28%
- 6M
- 0.19%
- YTD
- 0.93%
- 1Y
- 5.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTEX vs. VTEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VTEX VTEX | 5.85% | -36.16% | -28.08% |
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 0.93% | 4.59% | 1.65% |
Correlation
The correlation between VTEX and VTEI is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.12 |
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Return for Risk
VTEX vs. VTEI — Risk / Return Rank
VTEX
VTEI
VTEX vs. VTEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VTEX (VTEX) and Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTEX | VTEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.18 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.49 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 1.99 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.98 | 6.28 | -7.26 |
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Drawdowns
VTEX vs. VTEI - Drawdown Comparison
The maximum VTEX drawdown since its inception was -91.38%, which is greater than VTEI's maximum drawdown of -3.64%. Use the drawdown chart below to compare losses from any high point for VTEX and VTEI.
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Drawdown Indicators
| VTEX | VTEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -3.64% | -87.74% |
Max Drawdown (1Y)Largest decline over 1 year | -57.54% | -2.61% | -54.93% |
Max Drawdown (3Y)Largest decline over 3 years | -69.50% | — | — |
Current DrawdownCurrent decline from peak | -87.66% | -1.04% | -86.62% |
Average DrawdownAverage peak-to-trough decline | -79.20% | -0.77% | -78.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.57% | 0.83% | +40.74% |
Volatility
VTEX vs. VTEI - Volatility Comparison
VTEX (VTEX) has a higher volatility of 15.01% compared to Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) at 0.57%. This indicates that VTEX's price experiences larger fluctuations and is considered to be riskier than VTEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTEX | VTEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.01% | 0.57% | +14.44% |
Volatility (6M)Calculated over the trailing 6-month period | 35.67% | 1.79% | +33.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.08% | 2.37% | +50.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.99% | 2.99% | +58.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.99% | 2.99% | +58.00% |
Dividends
VTEX vs. VTEI - Dividend Comparison
VTEX has not paid dividends to shareholders, while VTEI's dividend yield for the trailing twelve months is around 3.06%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 3.06% | 3.00% | 2.65% |
VTEX VTEX | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VTEX and VTEI have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTEX has higher volatility (15.01%) compared to VTEI (0.57%). In terms of maximum drawdown, VTEX dropped -91.38% vs VTEI's -3.64%.
VTEI currently has the higher Sharpe Ratio (2.19 vs -0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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