VTEB vs. VTEAX
Compare and contrast key facts about Vanguard Tax-Exempt Bond ETF (VTEB) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
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. VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEB or VTEAX.
Correlation
The correlation between VTEB and VTEAX 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
VTEB vs. VTEAX - Performance Comparison
Key characteristics
VTEB:
0.58
VTEAX:
0.70
VTEB:
0.83
VTEAX:
0.96
VTEB:
1.11
VTEAX:
1.15
VTEB:
0.47
VTEAX:
0.44
VTEB:
2.34
VTEAX:
2.46
VTEB:
0.93%
VTEAX:
0.83%
VTEB:
3.74%
VTEAX:
2.94%
VTEB:
-17.00%
VTEAX:
-12.74%
VTEB:
-1.25%
VTEAX:
-1.51%
Returns By Period
In the year-to-date period, VTEB achieves a 1.66% return, which is significantly higher than VTEAX's 1.45% return.
VTEB
1.66%
0.08%
1.69%
2.30%
1.11%
N/A
VTEAX
1.45%
-0.10%
1.40%
1.95%
1.06%
N/A
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VTEB vs. VTEAX - Expense Ratio Comparison
VTEB has a 0.05% expense ratio, which is lower than VTEAX's 0.09% expense ratio. Despite the difference, 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. VTEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond ETF (VTEB) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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. VTEAX - Dividend Comparison
VTEB's dividend yield for the trailing twelve months is around 3.10%, more than VTEAX's 2.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTEB Vanguard Tax-Exempt Bond ETF | 3.10% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 2.82% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% |
Drawdowns
VTEB vs. VTEAX - Drawdown Comparison
The maximum VTEB drawdown since its inception was -17.00%, which is greater than VTEAX's maximum drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for VTEB and VTEAX. For additional features, visit the drawdowns tool.
Volatility
VTEB vs. VTEAX - Volatility Comparison
Vanguard Tax-Exempt Bond ETF (VTEB) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) have volatilities of 0.86% and 0.83%, 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.