Vanguard Tax-Exempt Bond ETF (VTEB)

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Vanguard Tax-Exempt Bond ETF (VTEB) is up 1.8% since the beginning of the year. VTEB is currently trading at $50 per share. Investors who bought $1,000 worth of VTEB shares 5 years ago would now be looking at an investment worth $1,050.

Vanguard Tax-Exempt Bond ETF (VTEB) has returned 1.82% so far this year and 6.78% over the past 12 months. Over the last ten years, VTEB has returned 1.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.70% annually.

Based on dividend-adjusted daily data since Aug 25, 2015, VTEB's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +5.7%, while the worst month was Nov 2016 at -3.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, VTEB closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +4.7%, while the worst single day was Mar 12, 2020 at -5.9%.

Vanguard Tax-Exempt Bond ETF has an annualized alpha of 1.79%, beta of 0.05, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since August 25, 2015.

• This ETF participated in 15.52% of S&P 500 Index downside but only 13.17% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.05 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

VTEB has an expense ratio of 0.03%, which is considered low.

VTEB ranks 76 for risk / return — better than 76% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Vanguard Tax-Exempt Bond ETF provided a 3.34% dividend yield over the last twelve months, with an annual payout of $1.69 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Vanguard Tax-Exempt Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Vanguard Tax-Exempt Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard Tax-Exempt Bond ETF was 17.00%, occurring on Mar 19, 2020. Recovery took 92 trading sessions.

The current Vanguard Tax-Exempt Bond ETF drawdown is 0.17%.

The chart below shows the rolling one-month volatility.