Vanguard Tax-Exempt Bond ETF (VTEB)
VTEB is a passive ETF by Vanguard tracking the investment results of the S&P National AMT-Free Municipal Bond Index. VTEB launched on Aug 21, 2015 and has a 0.05% expense ratio.
ETF Info
| ISIN | US9229077469 |
|---|---|
| CUSIP | 922907746 |
| Issuer | Vanguard |
| Inception Date | Aug 21, 2015 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | S&P National AMT-Free Municipal Bond Index |
| Home Page | advisors.vanguard.com |
| Asset Class | Bond |
Expense Ratio
VTEB has an expense ratio of 0.05%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: VTEB vs. MUB, VTEB vs. BND, VTEB vs. VWAHX, VTEB vs. VWIUX, VTEB vs. SUB, VTEB vs. VTEAX, VTEB vs. BNDX, VTEB vs. FBND, VTEB vs. VCIT, VTEB vs. EDV
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Tax-Exempt Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Vanguard Tax-Exempt Bond ETF had a return of 1.58% year-to-date (YTD) and 6.31% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.58% | 23.08% |
| 1 month | -0.33% | 0.48% |
| 6 months | 2.45% | 10.70% |
| 1 year | 6.31% | 30.22% |
| 5 years (annualized) | 1.23% | 13.50% |
| 10 years (annualized) | N/A | 11.11% |
Monthly Returns
The table below presents the monthly returns of VTEB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.24% | -0.18% | 0.04% | -1.25% | 0.02% | 1.05% | 1.25% | 0.38% | 1.17% | -1.25% | 1.58% | ||
| 2023 | 2.69% | -2.28% | 2.48% | -0.29% | -0.57% | 0.67% | 0.07% | -1.09% | -2.55% | -1.16% | 5.72% | 2.60% | 6.15% |
| 2022 | -2.57% | -0.36% | -3.03% | -2.72% | 1.64% | -1.64% | 2.53% | -2.52% | -3.02% | -1.07% | 5.07% | -0.27% | -7.99% |
| 2021 | 0.34% | -1.56% | 0.53% | 0.86% | 0.38% | 0.39% | 0.50% | -0.39% | -0.67% | -0.01% | 0.75% | 0.04% | 1.14% |
| 2020 | 1.76% | 0.97% | -3.50% | -1.11% | 3.33% | 0.72% | 1.57% | -0.66% | 0.14% | -0.44% | 1.64% | 0.82% | 5.19% |
| 2019 | 0.47% | 0.58% | 1.49% | 0.47% | 1.52% | 0.37% | 0.86% | 1.53% | -0.75% | 0.13% | 0.15% | 0.31% | 7.34% |
| 2018 | -1.11% | -0.63% | 0.42% | -0.39% | 1.18% | 0.08% | 0.28% | 0.14% | -0.76% | -0.50% | 0.97% | 1.42% | 1.06% |
| 2017 | 0.24% | 0.60% | 0.22% | 0.53% | 1.55% | -0.24% | 0.81% | 0.82% | -0.47% | 0.15% | -0.31% | 0.87% | 4.86% |
| 2016 | 0.51% | 0.30% | 0.35% | 0.86% | 0.24% | 1.68% | 0.03% | 0.03% | -0.60% | -0.78% | -3.81% | 1.47% | 0.18% |
| 2015 | -0.19% | 0.57% | 0.51% | 0.35% | 1.18% | 2.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VTEB is 53, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard Tax-Exempt Bond ETF (VTEB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Vanguard Tax-Exempt Bond ETF provided a 3.09% dividend yield over the last twelve months, with an annual payout of $1.56 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.56 | $1.43 | $1.03 | $0.90 | $1.10 | $1.23 | $1.15 | $1.01 | $0.83 | $0.30 |
Dividend yield | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $1.31 | |
| 2023 | $0.00 | $0.11 | $0.12 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.26 | $1.43 |
| 2022 | $0.00 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.08 | $0.09 | $0.09 | $0.10 | $0.09 | $0.22 | $1.03 |
| 2021 | $0.00 | $0.08 | $0.09 | $0.08 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.14 | $0.90 |
| 2020 | $0.00 | $0.10 | $0.09 | $0.11 | $0.09 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.17 | $1.10 |
| 2019 | $0.00 | $0.11 | $0.10 | $0.11 | $0.10 | $0.11 | $0.10 | $0.11 | $0.10 | $0.10 | $0.10 | $0.20 | $1.23 |
| 2018 | $0.00 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.11 | $0.20 | $1.15 |
| 2017 | $0.00 | $0.07 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.09 | $0.08 | $0.18 | $1.01 |
| 2016 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.05 | $0.07 | $0.06 | $0.08 | $0.07 | $0.06 | $0.16 | $0.83 |
| 2015 | $0.02 | $0.08 | $0.07 | $0.14 | $0.30 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 1.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17% | Mar 10, 2020 | 8 | Mar 19, 2020 | 92 | Jul 30, 2020 | 100 |
| -12.64% | Jul 23, 2021 | 318 | Oct 25, 2022 | — | — | — |
| -5.82% | Jul 6, 2016 | 105 | Dec 1, 2016 | 182 | Aug 23, 2017 | 287 |
| -2.27% | Dec 7, 2017 | 95 | Apr 25, 2018 | 157 | Dec 7, 2018 | 252 |
| -2.04% | Feb 16, 2021 | 8 | Feb 25, 2021 | 69 | Jun 4, 2021 | 77 |
Volatility
Volatility Chart
The current Vanguard Tax-Exempt Bond ETF volatility is 1.97%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.