XMPT vs. VOO
XMPT (VanEck CEF Municipal Income ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - XMPT is a High Yield Muni fund tracking the S-Network Municipal Bond Closed-End Fund Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XMPT returned 1.98%/yr vs 15.65%/yr for VOO. At a 0.16 correlation, their price movements are largely independent. XMPT charges 1.97%/yr vs 0.03%/yr for VOO.
Performance
XMPT vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, XMPT achieves a 2.72% return, which is significantly lower than VOO's 11.69% return. Over the past 10 years, XMPT has underperformed VOO with an annualized return of 1.98%, while VOO has yielded a comparatively higher 15.65% annualized return.
XMPT
- 1D
- -0.09%
- 1M
- 1.03%
- YTD
- 2.72%
- 6M
- 3.73%
- 1Y
- 12.34%
- 3Y*
- 7.38%
- 5Y*
- -1.07%
- 10Y*
- 1.98%
VOO
- 1D
- 0.14%
- 1M
- 5.39%
- YTD
- 11.69%
- 6M
- 12.11%
- 1Y
- 29.68%
- 3Y*
- 22.73%
- 5Y*
- 14.26%
- 10Y*
- 15.65%
XMPT vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck CEF Municipal Income ETF | 2.72% | 8.01% | 7.01% | 2.55% | -24.02% | 7.94% | 7.70% | 20.36% | -5.85% | 8.28% |
VOO Vanguard S&P 500 ETF | 11.69% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between XMPT and VOO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2011 | 0.16 |
The correlation between XMPT and VOO shifts across timeframes, from 0.16 (all time) to 0.34 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XMPT vs. VOO — Risk / Return Rank
XMPT
VOO
XMPT vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CEF Municipal Income ETF (XMPT) and Vanguard S&P 500 ETF (VOO). 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.
| XMPT | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 2.53 | -0.81 |
Sortino ratioReturn per unit of downside risk | 2.55 | 3.43 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.46 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.42 | -1.59 |
Martin ratioReturn relative to average drawdown | 7.48 | 15.95 | -8.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMPT | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.53 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.85 | -0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.87 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.89 | -0.47 |
Drawdowns
XMPT vs. VOO - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XMPT and VOO.
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Drawdown Indicators
| XMPT | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.24% | -33.99% | -1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -8.90% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -18.69% | +3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -35.24% | -24.52% | -10.72% |
Max Drawdown (10Y)Largest decline over 10 years | -35.24% | -33.99% | -1.25% |
Current DrawdownCurrent decline from peak | -8.61% | 0.00% | -8.61% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -3.69% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.91% | -0.31% |
Volatility
XMPT vs. VOO - Volatility Comparison
VanEck CEF Municipal Income ETF (XMPT) has a higher volatility of 2.91% compared to Vanguard S&P 500 ETF (VOO) at 2.74%. This indicates that XMPT's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMPT | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 2.74% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 8.88% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.21% | 11.78% | -4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 16.81% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 18.01% | -7.65% |
XMPT vs. VOO - Expense Ratio Comparison
XMPT has a 1.97% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
XMPT vs. VOO - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 6.31%, more than VOO's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.02% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
XMPT VanEck CEF Municipal Income ETF | 6.31% | 5.87% | 5.35% | 3.81% | 5.12% | 3.74% | 3.79% | 4.08% | 5.05% | 4.84% | 5.35% | 5.24% |
Frequently Asked Questions
XMPT and VOO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XMPT has higher volatility (2.91%) compared to VOO (2.74%). In terms of maximum drawdown, XMPT dropped -35.24% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.65% vs 1.98% for XMPT. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.65% return vs 1.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 1.97% for XMPT.
XMPT has the higher dividend yield at 6.31%, compared with 1.02% for VOO.
XMPT is categorized as High Yield Muni, while VOO is S&P 500. XMPT tracks S-Network Municipal Bond Closed-End Fund Index, while VOO tracks S&P 500 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 1.97% for XMPT and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (2.53 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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