Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES)
VTES is a passive ETF by Vanguard tracking the investment results of the S&P 0-7 Yr National AMT-Free Municipal Bond Index - Benchmark TR Gross. VTES launched on Mar 8, 2023 and has a 0.07% expense ratio.
ETF Info
US9219358705
Mar 8, 2023
North America (U.S.)
1x
S&P 0-7 Yr National AMT-Free Municipal Bond Index - Benchmark TR Gross
Expense Ratio
VTES has an expense ratio of 0.07%, which is considered low.
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.
Performance
Performance Chart
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Returns By Period
Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) returned 0.60% year-to-date (YTD) and 2.81% over the past 12 months.
VTES
0.60%
0.65%
0.68%
2.81%
N/A
N/A
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of VTES, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.45% | 0.78% | -0.49% | -0.13% | 0.00% | 0.60% | |||||||
| 2024 | -0.17% | 0.13% | -0.17% | -0.48% | -0.22% | 0.82% | 0.73% | 0.95% | 0.41% | -0.48% | 0.69% | -0.38% | 1.85% |
| 2023 | 1.39% | -0.51% | -0.55% | 0.49% | 0.12% | -0.19% | -1.06% | 0.00% | 2.41% | 1.24% | 3.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, VTES is among the top 10% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Vanguard Short-Term Tax-Exempt Bond ETF Shares provided a 2.94% dividend yield over the last twelve months, with an annual payout of $2.94 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | $2.94 | $3.00 | $2.06 |
Dividend yield | 2.94% | 2.99% | 2.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Short-Term Tax-Exempt Bond ETF Shares. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.23 | $0.25 | $0.23 | $0.23 | $0.93 | |||||||
| 2024 | $0.00 | $0.25 | $0.25 | $0.25 | $0.24 | $0.25 | $0.25 | $0.25 | $0.25 | $0.26 | $0.25 | $0.49 | $3.00 |
| 2023 | $0.13 | $0.16 | $0.23 | $0.21 | $0.22 | $0.22 | $0.22 | $0.19 | $0.49 | $2.06 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Short-Term Tax-Exempt Bond ETF Shares. 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 Short-Term Tax-Exempt Bond ETF Shares was 2.42%, occurring on Oct 3, 2023. Recovery took 40 trading sessions.
The current Vanguard Short-Term Tax-Exempt Bond ETF Shares drawdown is 0.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.42% | Apr 13, 2023 | 120 | Oct 3, 2023 | 40 | Nov 29, 2023 | 160 |
| -1.59% | Apr 7, 2025 | 5 | Apr 11, 2025 | — | — | — |
| -1.04% | Mar 11, 2024 | 57 | May 30, 2024 | 25 | Jul 8, 2024 | 82 |
| -0.82% | Dec 9, 2024 | 9 | Dec 19, 2024 | 29 | Feb 4, 2025 | 38 |
| -0.78% | Mar 3, 2025 | 19 | Mar 27, 2025 | 6 | Apr 4, 2025 | 25 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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