Vanguard Tax-Exempt Bond ETF
$48.73−0.01 (−0.01%)
- 0.03%
- $52.4B
- +0.1%
- 3.47%
- 17.2M sh
- low $46.87high $51.18
The ETF.net VTEB Grade
A
Score 88 out of 100
- 1 of 63
Score 88 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A99 out of 100Rank 1 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 18 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A77 out of 100Rank 8 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A85 out of 100Rank 7 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A95 out of 100Rank 1 of 63
Our read on VTEB
In short
AVanguard's national muni index fund, running since 2015 at three basis points, a tenth of what the typical muni ETF charges. Its benchmark screens for investment-grade bonds whose income is exempt from federal tax and the AMT.
Stated mandate
VTEB seeks to track an index measuring the investment-grade segment of the U.S. municipal bond market. It uses passive sampling to approximate the index and generally invests in federally tax-exempt municipal securities.
Why people hold it
Worth knowing
VTEB Holdings
- Bonds
- 11,156
- 2%
- Vanguard Municipal Low Duration Fund 12/31/2049
Sectors
- Municipal100.0%
Geography
- United States100.00%
VTEB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
VTEB$10,010
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | VTEB |
|---|---|
| Year to date | −0.3% |
| 1 month | +3.5% |
| 3 months | −0.6% |
| 1 year | +0.1% |
| 3 years | +4.4% |
| 5 years | +0.6% |
| 10 years | +1.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VTEB |
|---|---|---|
| 2026 YTD | −0.3% | |
| 2025 | +3.7% | |
| 2024 | +1.3% | |
| 2023 | +6.1% | |
| 2022 | −8.0% | |
| 2021 | +1.1% | |
| 2020 | +5.2% |
VTEB in the news
VTEB Dividends
- 3.47%
- $1.70
- $0.14 per share
- Monthly
VTEB Risk
- 5.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.004
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −12.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
VTEB Cost
Tied cheapest in Other Municipal Bond
$638
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
VTEB 0.03%
$638
Cost over time
Year by year
| Year | VTEB |
|---|---|
| 10 | $55 |
| 20 | $216 |
| 30 | $638 |
Other funds in Other Municipal Bond
- AMUBiShares National Muni Bond ETFExpense ratio 0.05%1 year return +0.1%
- ASCMBSchwab Municipal Bond ETFExpense ratio 0.03%1 year return −0.6%
- AVCRMVanguard Core Tax-Exempt Bond EExpense ratio 0.12%1 year return +1.1%
- ATFIState Street SPDR Nuveen ICE Municipal Bond ETFExpense ratio 0.23%1 year return −0.4%
- ANYFiShares New York Muni Bond ETFExpense ratio 0.09%1 year return +0.1%
