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VTEB vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VTEB and BND is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.0

Performance

VTEB vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Exempt Bond ETF (VTEB) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

12.00%14.00%16.00%18.00%20.00%22.00%24.00%NovemberDecember2025FebruaryMarchApril
20.54%
15.80%
VTEB
BND

Key characteristics

Sharpe Ratio

VTEB:

0.16

BND:

1.30

Sortino Ratio

VTEB:

0.23

BND:

1.89

Omega Ratio

VTEB:

1.03

BND:

1.23

Calmar Ratio

VTEB:

0.16

BND:

0.51

Martin Ratio

VTEB:

0.53

BND:

3.35

Ulcer Index

VTEB:

1.39%

BND:

2.05%

Daily Std Dev

VTEB:

4.72%

BND:

5.31%

Max Drawdown

VTEB:

-17.00%

BND:

-18.84%

Current Drawdown

VTEB:

-3.49%

BND:

-7.18%

Returns By Period

In the year-to-date period, VTEB achieves a -1.92% return, which is significantly lower than BND's 2.40% return.


VTEB

YTD

-1.92%

1M

-1.39%

6M

-1.44%

1Y

0.86%

5Y*

0.91%

10Y*

N/A

BND

YTD

2.40%

1M

0.12%

6M

1.40%

1Y

6.96%

5Y*

-0.91%

10Y*

1.37%

*Annualized

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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%.


Expense ratio chart for VTEB: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VTEB: 0.05%
Expense ratio chart for BND: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BND: 0.03%

Risk-Adjusted Performance

VTEB vs. BND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTEB
The Risk-Adjusted Performance Rank of VTEB is 3333
Overall Rank
The Sharpe Ratio Rank of VTEB is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEB is 2929
Sortino Ratio Rank
The Omega Ratio Rank of VTEB is 2929
Omega Ratio Rank
The Calmar Ratio Rank of VTEB is 3838
Calmar Ratio Rank
The Martin Ratio Rank of VTEB is 3535
Martin Ratio Rank

BND
The Risk-Adjusted Performance Rank of BND is 8080
Overall Rank
The Sharpe Ratio Rank of BND is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BND is 8484
Omega Ratio Rank
The Calmar Ratio Rank of BND is 6565
Calmar Ratio Rank
The Martin Ratio Rank of BND is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for VTEB, currently valued at 0.16, compared to the broader market-1.000.001.002.003.004.00
VTEB: 0.16
BND: 1.30
The chart of Sortino ratio for VTEB, currently valued at 0.23, compared to the broader market-2.000.002.004.006.008.00
VTEB: 0.23
BND: 1.89
The chart of Omega ratio for VTEB, currently valued at 1.03, compared to the broader market0.501.001.502.00
VTEB: 1.03
BND: 1.23
The chart of Calmar ratio for VTEB, currently valued at 0.16, compared to the broader market0.002.004.006.008.0010.0012.00
VTEB: 0.16
BND: 0.51
The chart of Martin ratio for VTEB, currently valued at 0.53, compared to the broader market0.0020.0040.0060.00
VTEB: 0.53
BND: 3.35

The current VTEB Sharpe Ratio is 0.16, which is lower than the BND Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of VTEB and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.16
1.30
VTEB
BND

Dividends

VTEB vs. BND - Dividend Comparison

VTEB's dividend yield for the trailing twelve months is around 3.26%, less than BND's 3.70% yield.


TTM20242023202220212020201920182017201620152014
VTEB
Vanguard Tax-Exempt Bond ETF
3.26%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
3.70%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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-3.49%
-7.18%
VTEB
BND

Volatility

VTEB vs. BND - Volatility Comparison

Vanguard Tax-Exempt Bond ETF (VTEB) has a higher volatility of 3.08% compared to Vanguard Total Bond Market ETF (BND) at 2.18%. This indicates that VTEB's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%NovemberDecember2025FebruaryMarchApril
3.08%
2.18%
VTEB
BND