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 |
| 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
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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 0.19% year-to-date (YTD) and 2.83% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.19% | 13.20% |
| 1 month | 0.35% | -1.28% |
| 6 months | 1.17% | 10.32% |
| 1 year | 2.83% | 18.23% |
| 5 years (annualized) | 1.12% | 12.31% |
| 10 years (annualized) | N/A | 10.58% |
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% | 0.19% | ||||||
| 2023 | 2.69% | -2.28% | 2.48% | -0.29% | -0.57% | 0.67% | 0.07% | -1.09% | -2.55% | -1.16% | 5.73% | 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% | 7.35% |
| 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% | 1.05% |
| 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 35, 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 granted a 3.01% dividend yield in the last twelve months. The annual payout for that period amounted to $1.52 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.52 | $1.42 | $1.03 | $0.90 | $1.10 | $1.23 | $1.15 | $1.01 | $0.83 | $0.30 |
Dividend yield | 3.01% | 2.79% | 2.09% | 1.64% | 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 | $0.78 | |||||
| 2023 | $0.00 | $0.11 | $0.12 | $0.11 | $0.12 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.26 | $1.42 |
| 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 | $0.07 | $0.07 | $0.07 | $0.07 | $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 | $0.08 | $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.
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 2.58%.
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 0.89%, 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.