VTEX vs. VTEB
VTEX (VTEX) is a stock, while VTEB (Vanguard Tax-Exempt Bond ETF) is Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Over the past 3 years, VTEX returned -6.68%/yr vs 3.33%/yr for VTEB. At a 0.13 correlation, their price movements are largely independent.
Performance
VTEX vs. VTEB - Performance Comparison
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Returns By Period
In the year-to-date period, VTEX achieves a 9.57% return, which is significantly higher than VTEB's 1.66% return.
VTEX
- 1D
- 1.48%
- 1M
- 13.81%
- 6M
- 11.96%
- YTD
- 9.57%
- 1Y
- -33.12%
- 3Y*
- -6.68%
- 5Y*
- —
- 10Y*
- —
VTEB
- 1D
- -0.14%
- 1M
- 0.22%
- 6M
- 1.12%
- YTD
- 1.66%
- 1Y
- 6.51%
- 3Y*
- 3.33%
- 5Y*
- 0.80%
- 10Y*
- 2.02%
VTEX vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTEX VTEX | 9.57% | -36.16% | -14.39% | 83.47% | -65.02% | -57.29% |
VTEB Vanguard Tax-Exempt Bond ETF | 1.66% | 3.72% | 1.31% | 6.15% | -7.99% | -0.42% |
Correlation
The correlation between VTEX and VTEB is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2021 | 0.13 |
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Return for Risk
VTEX vs. VTEB — Risk / Return Rank
VTEX
VTEB
VTEX vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VTEX (VTEX) 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.
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.
| VTEX | VTEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -4.17 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.52 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.41 | -2.99 |
| Martin ratioReturn relative to average drawdown | -0.80 | 8.68 | -9.48 |
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Drawdowns
VTEX vs. VTEB - Drawdown Comparison
The maximum VTEX drawdown since its inception was -91.38%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VTEX and VTEB.
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Drawdown Indicators
| VTEX | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -17.00% | -74.38% |
Max Drawdown (1Y)Largest decline over 1 year | -57.54% | -2.71% | -54.83% |
Max Drawdown (3Y)Largest decline over 3 years | -69.50% | -5.53% | -63.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -87.22% | -0.53% | -86.69% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -2.31% | -76.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.33% | 0.75% | +40.58% |
Volatility
VTEX vs. VTEB - Volatility Comparison
VTEX (VTEX) has a higher volatility of 14.75% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.67%. This indicates that VTEX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTEX | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.75% | 0.67% | +14.08% |
Volatility (6M)Calculated over the trailing 6-month period | 35.61% | 2.10% | +33.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.41% | 2.71% | +50.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.05% | 3.91% | +57.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.05% | 5.25% | +55.80% |
Dividends
VTEX vs. VTEB - Dividend Comparison
VTEX has not paid dividends to shareholders, while VTEB's dividend yield for the trailing twelve months is around 3.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEB Vanguard Tax-Exempt Bond ETF | 3.37% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
VTEX VTEX | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VTEX and VTEB have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTEX has higher volatility (14.75%) compared to VTEB (0.67%). In terms of maximum drawdown, VTEX dropped -91.38% vs VTEB's -17.00%.
VTEB currently has the higher Sharpe Ratio (2.42 vs -0.62), 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.
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