XMPT vs. MUST
Compare and contrast key facts about VanEck Vectors CEF Municipal Income ETF (XMPT) and Columbia Multi-Sector Municipal Income ETF (MUST).
XMPT and MUST 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. MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 2018. Both XMPT and MUST 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 MUST.
Key characteristics
| XMPT | MUST | |
|---|---|---|
| YTD Return | 10.66% | 0.99% |
| 1Y Return | 22.10% | 7.43% |
| 3Y Return (Ann) | -4.42% | -0.48% |
| 5Y Return (Ann) | 0.35% | 1.46% |
| Sharpe Ratio | 2.73 | 1.46 |
| Sortino Ratio | 4.17 | 2.14 |
| Omega Ratio | 1.51 | 1.27 |
| Calmar Ratio | 0.70 | 0.78 |
| Martin Ratio | 15.28 | 7.58 |
| Ulcer Index | 1.38% | 0.98% |
| Daily Std Dev | 7.70% | 5.08% |
| Max Drawdown | -35.24% | -13.83% |
| Current Drawdown | -14.81% | -2.82% |
Correlation
The correlation between XMPT and MUST is 0.36, 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. MUST - Performance Comparison
In the year-to-date period, XMPT achieves a 10.66% return, which is significantly higher than MUST's 0.99% 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. MUST - Expense Ratio Comparison
XMPT has a 1.86% expense ratio, which is higher than MUST's 0.23% expense ratio.
Risk-Adjusted Performance
XMPT vs. MUST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors CEF Municipal Income ETF (XMPT) and Columbia Multi-Sector Municipal Income ETF (MUST). 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. MUST - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 4.84%, more than MUST's 3.03% 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% |
MUST Columbia Multi-Sector Municipal Income ETF | 3.03% | 2.51% | 1.76% | 1.61% | 2.34% | 2.69% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XMPT vs. MUST - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, which is greater than MUST's maximum drawdown of -13.83%. Use the drawdown chart below to compare losses from any high point for XMPT and MUST. For additional features, visit the drawdowns tool.
Volatility
XMPT vs. MUST - Volatility Comparison
VanEck Vectors CEF Municipal Income ETF (XMPT) has a higher volatility of 2.98% compared to Columbia Multi-Sector Municipal Income ETF (MUST) at 2.14%. This indicates that XMPT's price experiences larger fluctuations and is considered to be riskier than MUST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.