VTMFX vs. VTEB
Compare and contrast key facts about Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VTMFX is managed by Blackrock. It was launched on Sep 6, 1994. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTMFX or VTEB.
Performance
VTMFX vs. VTEB - Performance Comparison
Returns By Period
In the year-to-date period, VTMFX achieves a 12.68% return, which is significantly higher than VTEB's 1.68% return.
VTMFX
12.68%
0.66%
7.28%
17.97%
8.24%
7.52%
VTEB
1.68%
0.16%
2.95%
5.72%
1.20%
N/A
Key characteristics
| VTMFX | VTEB | |
|---|---|---|
| Sharpe Ratio | 2.93 | 1.54 |
| Sortino Ratio | 4.14 | 2.26 |
| Omega Ratio | 1.57 | 1.30 |
| Calmar Ratio | 4.59 | 0.93 |
| Martin Ratio | 18.50 | 6.54 |
| Ulcer Index | 0.97% | 0.92% |
| Daily Std Dev | 6.12% | 3.89% |
| Max Drawdown | -28.49% | -17.00% |
| Current Drawdown | -0.61% | -1.13% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VTMFX vs. VTEB - Expense Ratio Comparison
VTMFX has a 0.09% expense ratio, which is higher than VTEB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VTMFX and VTEB is 0.09, 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.
Risk-Adjusted Performance
VTMFX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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
VTMFX vs. VTEB - Dividend Comparison
VTMFX's dividend yield for the trailing twelve months is around 2.00%, less than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 2.00% | 1.94% | 1.85% | 1.38% | 1.73% | 2.06% | 2.22% | 2.00% | 2.13% | 2.06% | 2.00% | 2.06% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
VTMFX vs. VTEB - Drawdown Comparison
The maximum VTMFX drawdown since its inception was -28.49%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VTMFX and VTEB. For additional features, visit the drawdowns tool.
Volatility
VTMFX vs. VTEB - Volatility Comparison
Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has a higher volatility of 2.06% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.93%. This indicates that VTMFX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.