VTEB vs. BND
Compare and contrast key facts about Vanguard Tax-Exempt Bond ETF (VTEB) and Vanguard Total Bond Market ETF (BND).
VTEB and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both VTEB and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEB or BND.
Correlation
The correlation between VTEB and BND is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VTEB vs. BND - Performance Comparison
Key characteristics
VTEB:
0.34
BND:
1.01
VTEB:
0.50
BND:
1.47
VTEB:
1.06
BND:
1.17
VTEB:
0.28
BND:
0.39
VTEB:
1.23
BND:
2.56
VTEB:
1.07%
BND:
2.05%
VTEB:
3.85%
BND:
5.23%
VTEB:
-17.00%
BND:
-18.84%
VTEB:
-1.95%
BND:
-6.54%
Returns By Period
In the year-to-date period, VTEB achieves a -0.36% return, which is significantly lower than BND's 3.10% return.
VTEB
-0.36%
-1.67%
-1.56%
1.59%
1.59%
N/A
BND
3.10%
0.33%
-0.36%
5.97%
-0.41%
1.43%
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VTEB vs. BND - Expense Ratio Comparison
VTEB has a 0.05% expense ratio, which is higher than BND's 0.03% 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
VTEB vs. BND — Risk-Adjusted Performance Rank
VTEB
BND
VTEB vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond ETF (VTEB) and Vanguard Total Bond Market ETF (BND). 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
VTEB vs. BND - Dividend Comparison
VTEB's dividend yield for the trailing twelve months is around 2.93%, less than BND's 3.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.68% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
Drawdowns
VTEB vs. BND - Drawdown Comparison
The maximum VTEB drawdown since its inception was -17.00%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VTEB and BND. For additional features, visit the drawdowns tool.
Volatility
VTEB vs. BND - Volatility Comparison
The current volatility for Vanguard Tax-Exempt Bond ETF (VTEB) is 1.08%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.31%. This indicates that VTEB experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.