VTEAX vs. VTEB
Compare and contrast key facts about Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VTEAX is managed by Vanguard. It was launched on Aug 25, 2015. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEAX or VTEB.
Correlation
The correlation between VTEAX and VTEB is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VTEAX vs. VTEB - Performance Comparison
Key characteristics
VTEAX:
0.38
VTEB:
0.34
VTEAX:
0.52
VTEB:
0.50
VTEAX:
1.08
VTEB:
1.06
VTEAX:
0.27
VTEB:
0.28
VTEAX:
1.19
VTEB:
1.23
VTEAX:
1.07%
VTEB:
1.07%
VTEAX:
3.34%
VTEB:
3.85%
VTEAX:
-12.74%
VTEB:
-17.00%
VTEAX:
-2.16%
VTEB:
-1.95%
Returns By Period
In the year-to-date period, VTEAX achieves a -0.57% return, which is significantly lower than VTEB's -0.36% return.
VTEAX
-0.57%
-1.73%
-1.75%
1.28%
1.52%
N/A
VTEB
-0.36%
-1.67%
-1.56%
1.59%
1.59%
N/A
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VTEAX vs. VTEB - Expense Ratio Comparison
VTEAX has a 0.09% expense ratio, which is higher than VTEB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VTEAX vs. VTEB — Risk-Adjusted Performance Rank
VTEAX
VTEB
VTEAX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and Vanguard Tax-Exempt Bond ETF (VTEB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
VTEAX vs. VTEB - Dividend Comparison
VTEAX's dividend yield for the trailing twelve months is around 2.91%, which matches VTEB's 2.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 2.91% | 3.11% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 2.93% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
VTEAX vs. VTEB - Drawdown Comparison
The maximum VTEAX drawdown since its inception was -12.74%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VTEAX and VTEB. For additional features, visit the drawdowns tool.
Volatility
VTEAX vs. VTEB - Volatility Comparison
Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.08% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.