VTEL vs. IYE
VTEL (Vanguard Long-Term Tax-Exempt Bond ETF) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - VTEL is a Municipal Bonds fund tracking the S&P 10+ Year National AMT-Free Municipal Bond Index, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. Both are passively managed. Over the past year, VTEL returned 6.83% vs 37.19% for IYE. Their -0.23 correlation means they have often moved in opposite directions in the past. VTEL charges 0.09%/yr vs 0.42%/yr for IYE.
Performance
VTEL vs. IYE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VTEL achieves a 0.86% return, which is significantly lower than IYE's 29.45% return.
VTEL
- 1D
- 0.12%
- 1M
- -2.07%
- 6M
- 0.15%
- YTD
- 0.86%
- 1Y
- 6.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.21%
IYE
- 1D
- -2.15%
- 1M
- 7.48%
- 6M
- 10.21%
- YTD
- 29.45%
- 1Y
- 37.19%
- 3Y*
- 12.91%
- 5Y*
- 21.45%
- 10Y*
- 8.66%
- ALL TIME*
- 7.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $47.63M | $49.12M | $74.11M | |
| $4.69M | $4.85M | $3.61M |
VTEL vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTEL Vanguard Long-Term Tax-Exempt Bond ETF | 0.86% | 6.61% |
IYE iShares U.S. Energy ETF | 29.45% | 11.35% |
Correlation
The correlation between VTEL and IYE is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (All Time) Calculated using the full available price history since May 22, 2025 | -0.23 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VTEL vs. IYE — Risk / Return Rank
VTEL
IYE
VTEL vs. IYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and iShares U.S. Energy ETF (IYE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTEL | IYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.57 | -0.44 |
| Martin ratioReturn relative to average drawdown | 6.97 | 6.77 | +0.20 |
Loading charts...
Drawdowns
VTEL vs. IYE - Drawdown Comparison
The maximum VTEL drawdown since its inception was -3.22%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for VTEL and IYE.
Loading charts...
Drawdown Indicators
| VTEL | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.22% | -73.74% | +70.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -14.54% | +11.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.59% | — |
Current DrawdownCurrent decline from peak | -2.07% | -7.52% | +5.45% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -19.29% | +18.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 5.51% | -4.53% |
Volatility
VTEL vs. IYE - Volatility Comparison
The current volatility for Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) is 1.23%, while iShares U.S. Energy ETF (IYE) has a volatility of 6.02%. This indicates that VTEL experiences smaller price fluctuations and is considered to be less risky than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VTEL | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 6.02% | -4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 16.13% | -13.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 20.58% | -16.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.76% | 25.43% | -21.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 29.50% | -25.74% |
VTEL vs. IYE - Expense Ratio Comparison
VTEL has a 0.09% expense ratio, which is lower than IYE's 0.42% expense ratio.
Dividends
VTEL vs. IYE - Dividend Comparison
VTEL's dividend yield for the trailing twelve months is around 3.81%, more than IYE's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.20% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
VTEL Vanguard Long-Term Tax-Exempt Bond ETF | 3.81% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VTEL and IYE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYE has higher volatility (6.02%) compared to VTEL (1.23%). In terms of maximum drawdown, VTEL dropped -3.22% vs IYE's -73.74%.
On 1-year performance, IYE leads with 37.19% vs 6.83% for VTEL. On fees, VTEL is cheaper at 0.09% per year. On volatility, VTEL has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYE has performed better with a 37.19% return vs 6.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTEL is cheaper with a 0.09% expense ratio, compared with 0.42% for IYE.
VTEL has the higher dividend yield at 3.81%, compared with 2.20% for IYE.
VTEL is categorized as Municipal Bonds, while IYE is Energy Equities. VTEL tracks S&P 10+ Year National AMT-Free Municipal Bond Index, while IYE tracks Dow Jones U.S. Oil & Gas Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VTEL and 0.42% for IYE.
VTEL currently has the higher Sharpe Ratio (1.87 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VTEL and IYE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer