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
| ISIN | US9219358705 |
|---|---|
| Issuer | Vanguard |
| Inception Date | Mar 8, 2023 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | S&P 0-7 Yr National AMT-Free Municipal Bond Index - Benchmark TR Gross |
| Asset Class | Bond |
Expense Ratio
VTES has an expense ratio of 0.07%, 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: VTES vs. VTEB, VTES vs. VKQ, VTES vs. MUB, VTES vs. SUB, VTES vs. VGT, VTES vs. VSS, VTES vs. JMST, VTES vs. ACWI, VTES vs. VGSH, VTES vs. VUSB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Short-Term Tax-Exempt Bond ETF Shares, 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 Short-Term Tax-Exempt Bond ETF Shares had a return of 1.99% year-to-date (YTD) and 4.71% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.99% | 18.13% |
| 1 month | 0.75% | 1.45% |
| 6 months | 1.97% | 8.81% |
| 1 year | 4.71% | 26.52% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.17% | 0.13% | -0.17% | -0.48% | -0.22% | 0.82% | 0.74% | 0.95% | 1.99% | ||||
| 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
The current risk-adjusted rank of VTES is 88, placing it in the top 12% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
Vanguard Short-Term Tax-Exempt Bond ETF Shares granted a 2.86% dividend yield in the last twelve months. The annual payout for that period amounted to $2.90 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $2.90 | $2.06 |
Dividend yield | 2.86% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.25 | $0.25 | $0.25 | $0.24 | $0.25 | $0.25 | $0.25 | $0.25 | $2.00 | |||
| 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.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.42% | Apr 13, 2023 | 120 | Oct 3, 2023 | 40 | Nov 29, 2023 | 160 |
| -1.04% | Mar 11, 2024 | 57 | May 30, 2024 | 25 | Jul 8, 2024 | 82 |
| -0.55% | Jan 2, 2024 | 16 | Jan 24, 2024 | 6 | Feb 1, 2024 | 22 |
| -0.43% | Feb 2, 2024 | 8 | Feb 13, 2024 | 15 | Mar 6, 2024 | 23 |
| -0.31% | Mar 20, 2023 | 2 | Mar 21, 2023 | 1 | Mar 22, 2023 | 3 |
Volatility
Volatility Chart
The current Vanguard Short-Term Tax-Exempt Bond ETF Shares volatility is 0.25%, 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.