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 0.72, 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:
0.24
VTEB:
0.31
VTEAX:
0.34
VTEB:
0.45
VTEAX:
1.05
VTEB:
1.06
VTEAX:
0.16
VTEB:
0.26
VTEAX:
0.85
VTEB:
1.24
VTEAX:
0.87%
VTEB:
0.96%
VTEAX:
3.08%
VTEB:
3.83%
VTEAX:
-12.74%
VTEB:
-17.00%
VTEAX:
-2.44%
VTEB:
-1.96%
Returns By Period
In the year-to-date period, VTEAX achieves a 0.49% return, which is significantly lower than VTEB's 0.94% return.
VTEAX
0.49%
-1.24%
0.49%
0.69%
0.86%
N/A
VTEB
0.94%
-0.81%
1.17%
1.24%
0.96%
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 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 2.59%, less than VTEB's 2.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 2.59% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 2.87% | 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) has a higher volatility of 1.23% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.17%. This indicates that VTEAX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.