VFL vs CEE

Comparison between abrdn National Municipal Income Fund (VFL, ETF) and Central and Eastern Europe Fund Inc (The) (CEE, ETF).

5-Year PerformanceVFL has outperformed CEE, delivering a return of -1.1% compared to -2.3%

VFL vs CEE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VFL(ETF)	CEE(ETF)
Net Assets	$139M	$139M
Max Drawdown	55.62%	91.00%
Sharpe Ratio	0.91	1.37
5Y Beta	0.12	0.90
5Y Dividends CAGR	1.23%	-4.23%

Net Assets

VFL

$139M

Winner

CEE

$139M

Max Drawdown

Winner

VFL

55.62%

CEE

91.00%

Sharpe Ratio

VFL

0.91

Winner

CEE

1.37

5Y Beta

Winner

VFL

0.12

CEE

0.90

5Y Dividends CAGR

Winner

VFL

1.23%

CEE

-4.23%

VFL vs CEE - Historical Returns

Returns include dividend reinvestment.

Period	VFL	CEE
1 month	+0.60%	+4.10%
3 months	+3.32%	+19.97%
6 months	+3.60%	+25.27%
1 year	+11.73%	+43.55%
5 years(CAGR)	-1.15%	-2.26%
10 years(CAGR)	+1.35%	+5.10%
Max(CAGR)	+4.74%	+6.02%

VFL

+0.60%

Winner

CEE

+4.10%

VFL

+3.32%

Winner

CEE

+19.97%

VFL

+3.60%

Winner

CEE

+25.27%

VFL

+11.73%

Winner

CEE

+43.55%

5Y(CAGR)

Winner

VFL

-1.15%

CEE

-2.26%

10Y(CAGR)

VFL

+1.35%

Winner

CEE

+5.10%

Max(CAGR)

VFL

+4.74%

Winner

CEE

+6.02%

VFL vs CEE - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VFL	CEE
2026	+2.55%	+19.70%
2025	+5.97%	+61.15%
2024	+3.50%	+14.92%
2023	+2.56%	+20.40%
2022	-23.16%	-68.12%
2021	+12.13%	+11.91%
2020	+3.56%	-11.76%
2019	+15.05%	+33.73%
2018	-6.32%	-6.51%
2017	+5.40%	+20.29%
2016	+5.52%	+27.74%
2015	+6.09%	-13.67%
2014	+18.44%	-30.67%
2013	-13.74%	-4.74%
2012	+14.02%	+19.52%
2011	+11.07%	-26.78%
2010	+2.14%	+22.15%
2009	+34.94%	+91.61%
2008	-20.25%	-71.38%
2007	-11.93%	+29.77%
2006	-5.69%	+36.53%
2005	+2.50%	+61.41%
2004	+13.26%	+22.01%
2003	+13.11%	+58.16%
2002	+12.72%	+25.43%
2001	+12.08%	-8.68%
2000	+16.39%	-13.44%
1999	-2.03%	+16.08%

VFL vs CEE Drawdown Comparison

The maximum drawdown for VFL was -45.26%, occurring on Dec 4, 2008. Recovery took 1399 trading sessions.

The maximum drawdown for CEE was -82.91%, occurring on Oct 14, 2022. This drawdown has not yet recovered.

The current VFL drawdown is -9.22%. The current CEE drawdown is -32.03%.

Rank	VFL	CEE
#1	-45.26% Mar 7, 2006 - Sep 23, 2011	-82.91% May 16, 2008 - Oct 14, 2022
#2	-39.04% Dec 22, 2021 - Oct 25, 2023	-49.52% Mar 16, 2000 - Jul 14, 2003
#3	-29.96% Mar 4, 2020 - Jan 21, 2021	-40.20% May 9, 2006 - Apr 16, 2007
#4	-22.70% Dec 6, 2012 - Jan 15, 2015	-26.80% Jan 8, 2004 - Nov 4, 2004
#5	-16.39% Feb 4, 2004 - Oct 25, 2004	-25.87% Oct 4, 2005 - Feb 21, 2006
#6	-14.76% Jul 9, 2003 - Dec 17, 2003	-24.72% Mar 9, 2005 - Aug 26, 2005
#7	-14.66% Jan 5, 2005 - Jun 7, 2005	-23.03% Dec 24, 2007 - May 16, 2008
#8	-13.51% Jul 8, 2016 - May 10, 2019	-16.61% Jul 23, 2007 - Oct 1, 2007
#9	-13.37% Sep 2, 2005 - Mar 7, 2006	-15.35% Oct 21, 2003 - Jan 5, 2004
#10	-8.91% Sep 9, 2002 - Apr 30, 2003	-13.82% Feb 27, 2006 - May 1, 2006
#11	-8.00% Aug 20, 2019 - Feb 18, 2020	-13.68% Nov 17, 2004 - Dec 31, 2004
#12	-6.54% Nov 2, 1999 - Jun 21, 2000	-9.91% Apr 16, 2007 - Jul 6, 2007
#13	-6.07% Sep 28, 2011 - Jan 12, 2012	-9.73% Nov 6, 2007 - Dec 5, 2007
#14	-5.48% Feb 2, 2015 - Oct 28, 2015	-8.94% Dec 13, 2007 - Dec 21, 2007
#15	-5.45% Jun 7, 2005 - Aug 22, 2005	-8.18% Jan 19, 2000 - Feb 22, 2000

Correlation

Correlation between VFL and CEE is 0.33 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.33

-101

Dividend Comparison (1999 - 2026)

VFL vs CEE dividend yield comparison.

Year	VFL	CEE
2026	2.44%	0.00%
2025	5.84%	2.19%
2024	5.31%	3.23%
2023	4.43%	3.74%
2022	5.21%	2.89%
2021	4.42%	3.61%
2020	4.32%	3.82%
2019	5.14%	5.17%
2018	5.04%	4.58%
2017	4.60%	2.30%
2016	5.32%	1.56%
2015	5.97%	2.92%
2014	5.77%	4.93%
2013	5.95%	8.15%
2012	4.13%	3.21%
2011	4.18%	8.71%
2010	4.30%	0.63%
2009	4.15%	1.97%
2008	6.28%	0.43%
2007	5.92%	17.68%
2006	6.45%	10.25%
2005	7.56%	7.19%
2004	6.49%	0.61%
2003	6.35%	0.96%
2002	5.95%	0.00%
2001	5.00%	1.98%
2000	5.71%	0.00%
1999	1.05%	0.00%