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XMPT vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between XMPT and SPY is 0.14, 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.


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Performance

XMPT vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors CEF Municipal Income ETF (XMPT) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember
0.02%
7.35%
XMPT
SPY

Key characteristics

Sharpe Ratio

XMPT:

0.88

SPY:

1.99

Sortino Ratio

XMPT:

1.28

SPY:

2.66

Omega Ratio

XMPT:

1.15

SPY:

1.37

Calmar Ratio

XMPT:

0.27

SPY:

2.97

Martin Ratio

XMPT:

3.30

SPY:

13.06

Ulcer Index

XMPT:

1.97%

SPY:

1.91%

Daily Std Dev

XMPT:

7.37%

SPY:

12.59%

Max Drawdown

XMPT:

-35.24%

SPY:

-55.19%

Current Drawdown

XMPT:

-18.28%

SPY:

-2.90%

Returns By Period

In the year-to-date period, XMPT achieves a 6.15% return, which is significantly lower than SPY's 25.34% return. Over the past 10 years, XMPT has underperformed SPY with an annualized return of 2.54%, while SPY has yielded a comparatively higher 13.08% annualized return.


XMPT

YTD

6.15%

1M

-5.96%

6M

0.34%

1Y

6.15%

5Y*

-0.78%

10Y*

2.54%

SPY

YTD

25.34%

1M

-2.05%

6M

8.56%

1Y

25.34%

5Y*

14.57%

10Y*

13.08%

*Annualized

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XMPT vs. SPY - Expense Ratio Comparison

XMPT has a 1.86% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for XMPT: current value at 1.86% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.86%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

XMPT vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors CEF Municipal Income ETF (XMPT) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for XMPT, currently valued at 0.88, compared to the broader market0.002.004.000.881.99
The chart of Sortino ratio for XMPT, currently valued at 1.28, compared to the broader market-2.000.002.004.006.008.0010.001.282.66
The chart of Omega ratio for XMPT, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.001.151.37
The chart of Calmar ratio for XMPT, currently valued at 0.27, compared to the broader market0.005.0010.0015.000.272.97
The chart of Martin ratio for XMPT, currently valued at 3.30, compared to the broader market0.0020.0040.0060.0080.00100.003.3013.06
XMPT
SPY

The current XMPT Sharpe Ratio is 0.88, which is lower than the SPY Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of XMPT and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00AugustSeptemberOctoberNovemberDecember
0.88
1.99
XMPT
SPY

Dividends

XMPT vs. SPY - Dividend Comparison

XMPT's dividend yield for the trailing twelve months is around 5.41%, more than SPY's 1.20% yield.


TTM2023202220212020201920182017201620152014
XMPT
VanEck Vectors CEF Municipal Income ETF
5.41%3.81%5.12%3.74%3.80%4.08%5.05%4.84%5.37%5.24%5.50%
SPY
SPDR S&P 500 ETF
1.20%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

XMPT vs. SPY - Drawdown Comparison

The maximum XMPT drawdown since its inception was -35.24%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XMPT and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%AugustSeptemberOctoberNovemberDecember
-18.28%
-2.90%
XMPT
SPY

Volatility

XMPT vs. SPY - Volatility Comparison

The current volatility for VanEck Vectors CEF Municipal Income ETF (XMPT) is 2.35%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.22%. This indicates that XMPT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%AugustSeptemberOctoberNovemberDecember
2.35%
4.22%
XMPT
SPY