PortfoliosLab logo
VTEB vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VTEB and VOO 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. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Tax-Exempt Bond ETF (VTEB) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%200.00%250.00%300.00%December2025FebruaryMarchAprilMay
21.24%
260.50%
VTEB
VOO

Key characteristics

Sharpe Ratio

VTEB:

0.34

VOO:

0.75

Sortino Ratio

VTEB:

0.46

VOO:

1.15

Omega Ratio

VTEB:

1.07

VOO:

1.17

Calmar Ratio

VTEB:

0.34

VOO:

0.77

Martin Ratio

VTEB:

1.09

VOO:

3.04

Ulcer Index

VTEB:

1.47%

VOO:

4.72%

Daily Std Dev

VTEB:

4.73%

VOO:

19.15%

Max Drawdown

VTEB:

-17.00%

VOO:

-33.99%

Current Drawdown

VTEB:

-2.92%

VOO:

-7.30%

Returns By Period

In the year-to-date period, VTEB achieves a -1.35% return, which is significantly higher than VOO's -3.02% return.


VTEB

YTD

-1.35%

1M

-1.59%

6M

-1.05%

1Y

0.92%

5Y*

0.94%

10Y*

N/A

VOO

YTD

-3.02%

1M

11.86%

6M

-0.14%

1Y

12.28%

5Y*

16.47%

10Y*

12.54%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VTEB vs. VOO - Expense Ratio Comparison

VTEB has a 0.05% expense ratio, which is higher than VOO'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 VOO: 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%
VOO: 0.03%

Risk-Adjusted Performance

VTEB vs. VOO — 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 3535
Overall Rank
The Sharpe Ratio Rank of VTEB is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEB is 2929
Sortino Ratio Rank
The Omega Ratio Rank of VTEB is 3131
Omega Ratio Rank
The Calmar Ratio Rank of VTEB is 4242
Calmar Ratio Rank
The Martin Ratio Rank of VTEB is 3737
Martin Ratio Rank

VOO
The Risk-Adjusted Performance Rank of VOO is 6767
Overall Rank
The Sharpe Ratio Rank of VOO is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of VOO is 6666
Sortino Ratio Rank
The Omega Ratio Rank of VOO is 6868
Omega Ratio Rank
The Calmar Ratio Rank of VOO is 7070
Calmar Ratio Rank
The Martin Ratio Rank of VOO is 6868
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. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond ETF (VTEB) and Vanguard S&P 500 ETF (VOO). 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 0.34, compared to the broader market-1.000.001.002.003.004.00
VTEB: 0.34
VOO: 0.75
The chart of Sortino ratio for VTEB, currently valued at 0.46, compared to the broader market-2.000.002.004.006.008.00
VTEB: 0.46
VOO: 1.15
The chart of Omega ratio for VTEB, currently valued at 1.07, compared to the broader market0.501.001.502.002.50
VTEB: 1.07
VOO: 1.17
The chart of Calmar ratio for VTEB, currently valued at 0.34, compared to the broader market0.002.004.006.008.0010.0012.00
VTEB: 0.34
VOO: 0.77
The chart of Martin ratio for VTEB, currently valued at 1.09, compared to the broader market0.0020.0040.0060.00
VTEB: 1.09
VOO: 3.04

The current VTEB Sharpe Ratio is 0.34, which is lower than the VOO Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of VTEB and VOO, 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 Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.34
0.75
VTEB
VOO

Dividends

VTEB vs. VOO - Dividend Comparison

VTEB's dividend yield for the trailing twelve months is around 3.26%, more than VOO's 1.34% yield.


TTM20242023202220212020201920182017201620152014
VTEB
Vanguard Tax-Exempt Bond ETF
3.26%3.14%2.79%2.09%1.64%1.99%2.30%2.25%1.96%1.66%0.58%0.00%
VOO
Vanguard S&P 500 ETF
1.34%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%

Drawdowns

VTEB vs. VOO - Drawdown Comparison

The maximum VTEB drawdown since its inception was -17.00%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VTEB and VOO. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-2.92%
-7.30%
VTEB
VOO

Volatility

VTEB vs. VOO - Volatility Comparison

The current volatility for Vanguard Tax-Exempt Bond ETF (VTEB) is 2.99%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.90%. This indicates that VTEB experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
2.99%
13.90%
VTEB
VOO