XMPT vs. AGG
Compare and contrast key facts about VanEck Vectors CEF Municipal Income ETF (XMPT) and iShares Core U.S. Aggregate Bond ETF (AGG).
XMPT and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMPT is a passively managed fund by VanEck that tracks the performance of the S-Network Municipal Bond Closed-End Fund Index. It was launched on Jul 12, 2011. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both XMPT and AGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMPT or AGG.
Key characteristics
| XMPT | AGG | |
|---|---|---|
| YTD Return | 10.66% | 2.65% |
| 1Y Return | 22.10% | 9.31% |
| 3Y Return (Ann) | -4.42% | -2.21% |
| 5Y Return (Ann) | 0.35% | 0.10% |
| 10Y Return (Ann) | 3.16% | 1.55% |
| Sharpe Ratio | 2.73 | 1.40 |
| Sortino Ratio | 4.17 | 2.06 |
| Omega Ratio | 1.51 | 1.25 |
| Calmar Ratio | 0.70 | 0.54 |
| Martin Ratio | 15.28 | 5.12 |
| Ulcer Index | 1.38% | 1.64% |
| Daily Std Dev | 7.70% | 5.98% |
| Max Drawdown | -35.24% | -18.43% |
| Current Drawdown | -14.81% | -7.73% |
Correlation
The correlation between XMPT and AGG is 0.40, 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
XMPT vs. AGG - Performance Comparison
In the year-to-date period, XMPT achieves a 10.66% return, which is significantly higher than AGG's 2.65% return. Over the past 10 years, XMPT has outperformed AGG with an annualized return of 3.16%, while AGG has yielded a comparatively lower 1.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XMPT vs. AGG - Expense Ratio Comparison
XMPT has a 1.86% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
XMPT vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors CEF Municipal Income ETF (XMPT) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
XMPT vs. AGG - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 4.84%, more than AGG's 3.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck Vectors CEF Municipal Income ETF | 4.84% | 3.81% | 5.12% | 3.74% | 3.80% | 4.08% | 5.05% | 4.84% | 5.37% | 5.24% | 5.50% | 6.17% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.93% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
XMPT vs. AGG - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for XMPT and AGG. For additional features, visit the drawdowns tool.
Volatility
XMPT vs. AGG - Volatility Comparison
VanEck Vectors CEF Municipal Income ETF (XMPT) has a higher volatility of 2.98% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.68%. This indicates that XMPT's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.