VTEI vs. VTEB
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and Vanguard Tax-Exempt Bond ETF (VTEB).
VTEI and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTEI is a passively managed fund by Vanguard that tracks the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index. It was launched on Jan 29, 2024. 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. Both VTEI and VTEB 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: VTEI or VTEB.
Correlation
The correlation between VTEI and VTEB is 0.81, 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
VTEI vs. VTEB - Performance Comparison
Key characteristics
VTEI:
0.82
VTEB:
0.60
VTEI:
1.15
VTEB:
0.85
VTEI:
1.16
VTEB:
1.11
VTEI:
1.08
VTEB:
0.48
VTEI:
2.78
VTEB:
2.15
VTEI:
0.80%
VTEB:
1.04%
VTEI:
2.72%
VTEB:
3.73%
VTEI:
-2.06%
VTEB:
-17.00%
VTEI:
-0.48%
VTEB:
-1.16%
Returns By Period
In the year-to-date period, VTEI achieves a 0.63% return, which is significantly higher than VTEB's 0.44% return.
VTEI
0.63%
0.71%
0.84%
2.24%
N/A
N/A
VTEB
0.44%
0.66%
0.62%
2.31%
0.69%
N/A
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VTEI vs. VTEB - Expense Ratio Comparison
VTEI has a 0.08% 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
VTEI vs. VTEB — Risk-Adjusted Performance Rank
VTEI
VTEB
VTEI vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) 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
VTEI vs. VTEB - Dividend Comparison
VTEI's dividend yield for the trailing twelve months is around 2.88%, less than VTEB's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 2.88% | 2.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.14% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
VTEI vs. VTEB - Drawdown Comparison
The maximum VTEI drawdown since its inception was -2.06%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VTEI and VTEB. For additional features, visit the drawdowns tool.
Volatility
VTEI vs. VTEB - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is 0.74%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.07%. This indicates that VTEI experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.