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.
Correlation
The correlation between VTMFX and VTEB 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
VTMFX vs. VTEB - Performance Comparison
Key characteristics
VTMFX:
2.10
VTEB:
0.31
VTMFX:
2.89
VTEB:
0.45
VTMFX:
1.39
VTEB:
1.06
VTMFX:
3.56
VTEB:
0.26
VTMFX:
12.97
VTEB:
1.24
VTMFX:
1.02%
VTEB:
0.96%
VTMFX:
6.34%
VTEB:
3.83%
VTMFX:
-28.49%
VTEB:
-17.00%
VTMFX:
-1.99%
VTEB:
-1.96%
Returns By Period
In the year-to-date period, VTMFX achieves a 12.85% return, which is significantly higher than VTEB's 0.94% return.
VTMFX
12.85%
-0.37%
5.58%
13.16%
7.91%
7.47%
VTEB
0.94%
-0.81%
1.17%
1.24%
0.96%
N/A
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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%.
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 1.53%, less than VTEB's 2.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 1.53% | 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 | 2.87% | 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 2.21% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.17%. 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.