Vanguard Short-Term Tax-Exempt Bond ETF
$100.39−0.20 (−0.20%)
- 0.05%
- $3.6B
- +1.6%
- 2.91%
- 498K sh
- low $98.02high $102.71
The ETF.net VTES Grade
A
Score 81 out of 100
- 1 of 28
Score 81 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.A98 out of 100Rank 1 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 25 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A72 out of 100Rank 6 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B63 out of 100Rank 10 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 4 of 28
Our read on VTES
In short
AVanguard's muni ETF on a short leash: an AMT-free tax-exempt index, but capped at seven years to trim interest-rate sensitivity. Five basis points, roughly 2,700 bonds, income paid monthly.
Stated mandate
The Fund seeks to track an index representing investment-grade U.S. municipal bonds with remaining maturities from one month through seven years.
Why people hold it
Worth knowing
VTES Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
VTES$10,161
Returns run to the Nov 2, 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 | VTES |
|---|---|
| Year to date | +1.0% |
| 1 month | +2.0% |
| 3 months | +0.7% |
| 1 year | +1.6% |
| 3 years | +3.5% |
| 5 years | |
| 10 years |
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 | VTES |
|---|---|---|
| 2026 YTD | +1.0% | |
| 2025 | +4.2% | |
| 2024 | +1.8% | |
| 2023 | +3.5% |
VTES in the news
VTES Dividends
- 2.91%
- $2.92
- $0.23 per share
- Monthly
VTES Risk
- 2.8%
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.
- −0.33
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.
- −3.0%
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.
- 0.37
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.
VTES Cost
Tied cheapest in Short-Duration Municipal Bonds
$1,060
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
VTES 0.05%
$1,060
Cost over time
Year by year
| Year | VTES |
|---|---|
| 10 | $92 |
| 20 | $360 |
| 30 | $1,060 |
Other funds in Short-Duration Municipal Bonds
- ASUBiShares Short-Term National Muni Bond ETFExpense ratio 0.07%1 year return +2.1%
- AVSDMVanguard Short Duration Tax-Exempt Bond ETFExpense ratio 0.12%1 year return +2.1%
- ATAXSNorthern Trust Short-Term Tax-Exempt Bond ETFExpense ratio 0.05%1 year return +2.6%
- ASMBVanEck Short Muni ETFExpense ratio 0.07%1 year return +1.8%
- AGUMIGoldman Sachs Ultra Short Municipal Income ETFExpense ratio 0.16%1 year return +3.0%
