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Vanguard Tax-Exempt Bond ETF (VTEB)
About this ETF
This index-tracking fund aims to mirror the performance of a specific benchmark, the Standard & Poor's National AMT-Free Municipal Bond Index, which represents the investment-grade segment of the U.S. municipal bond market. It achieves this by employing a sampling strategy, carefully selecting a portion of the index's holdings to replicate its overall characteristics. A minimum of 80% of its assets will be invested in securities included in this target index. Crucially, under typical market conditions, at least 80% of the fund's portfolio will consist of bonds generating income that is exempt from both federal income tax and the federal alternative minimum tax (AMT). A primary risk is its sensitivity to interest rate fluctuations: rising rates can lead to a decrease…
Price
Top 10 holdings
| Vanguard Municipal Low Duration Fund 12/31/2049 | 1.62% |
| New Jersey Health Care Facilities Financing Authority 0.70% 07/01/2061 | 0.15% |
| University of California 5.00% 05/15/2036 | 0.12% |
| Triborough Bridge & Tunnel Authority 5.00% 02/01/2028 | 0.11% |
| New Jersey Health Care Facilities Financing Authority 0.75% 07/01/2061 | 0.11% |
| Colorado State Education Loan Program 5.00% 06/30/2026 | 0.10% |
| State of California 5.25% 08/01/2032 | 0.10% |
| Tarrant County Cultural Education Facilities Finance Corp 0.95% 11/15/2050 | 0.10% |
| Indiana Finance Authority 1.37% 11/01/2056 | 0.09% |
| New York City Transitional Finance Authority Future Tax Secured Revenue 5.00% 11/01/2033 | 0.09% |
Sector mix
Price chart
Returns
| 1 month | +0.02% |
| 3 months | +0.06% |
| 6 months | -0.48% |
| Year to date | -0.04% |
| 1 year | +2.72% |
| 3 years (ann.) | +0.25% |
| 5 years (ann.) | -1.88% |
| 10 years (ann.) | -0.47% |
Risk profile
| Volatility (1y, ann.) | 2.85% |
| Sharpe (1y) | 0.95 |
| Sharpe (3y) | 0.08 |
| Sortino (1y) | 1.18 |
| Max drawdown (1y) | -2.99% |
| Max drawdown (5y) | -14.80% |
| Max drawdown (full) | -17.00% |
| Beta vs S&P 500 (1y) | 0.07 |
| Correlation vs S&P 500 (1y) | 0.29 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-07-01 | 2026-07-06 | USD 0.1420 |
| 2026-06-01 | 2026-06-03 | USD 0.1381 |
| 2026-05-01 | 2026-05-05 | USD 0.1423 |
| 2026-04-01 | 2026-04-06 | USD 0.1415 |
| 2026-03-02 | 2026-03-04 | USD 0.1487 |
| 2026-02-02 | 2026-02-04 | USD 0.1398 |
| 2025-12-18 | 2025-12-22 | USD 0.1417 |
| 2025-12-01 | 2025-12-03 | USD 0.1419 |
| 2025-11-03 | 2025-11-05 | USD 0.1398 |
| 2025-10-01 | 2025-10-03 | USD 0.1421 |
| 2025-09-02 | 2025-09-04 | USD 0.1387 |
| 2025-08-01 | 2025-08-05 | USD 0.1374 |
| 2025-07-01 | 2025-07-03 | USD 0.1358 |
| 2025-06-02 | 2025-06-04 | USD 0.1367 |
| 2025-05-01 | 2025-05-05 | USD 0.1367 |
| 2025-04-01 | 2025-04-03 | USD 0.1350 |
| 2025-03-03 | 2025-03-05 | USD 0.1377 |
| 2025-02-03 | 2025-02-05 | USD 0.1317 |
| 2024-12-24 | 2024-12-27 | USD 0.1345 |
| 2024-12-02 | 2024-12-04 | USD 0.1309 |
| 2024-11-01 | 2024-11-05 | USD 0.1312 |
| 2024-10-01 | 2024-10-03 | USD 0.1342 |
| 2024-09-03 | 2024-09-05 | USD 0.1314 |
| 2024-08-01 | 2024-08-05 | USD 0.1304 |
| 2024-07-01 | 2024-07-03 | USD 0.1327 |
| 2024-06-03 | 2024-06-05 | USD 0.1308 |
| 2024-05-01 | 2024-05-06 | USD 0.1310 |
| 2024-04-01 | 2024-04-04 | USD 0.1279 |
| 2024-03-01 | 2024-03-06 | USD 0.1312 |
| 2024-02-01 | 2024-02-06 | USD 0.1274 |
| 2023-12-22 | 2023-12-28 | USD 0.1283 |
| 2023-12-01 | 2023-12-06 | USD 0.1276 |
| 2023-11-01 | 2023-11-06 | USD 0.1180 |
| 2023-10-02 | 2023-10-05 | USD 0.1241 |
| 2023-09-01 | 2023-09-07 | USD 0.1196 |
| 2023-08-01 | 2023-08-04 | USD 0.1171 |
| 2023-07-03 | 2023-07-07 | USD 0.1173 |
| 2023-06-01 | 2023-06-06 | USD 0.1147 |
| 2023-05-01 | 2023-05-04 | USD 0.1154 |
| 2023-04-03 | 2023-04-06 | USD 0.1127 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| BNY Mellon Core Bond ETF BKAG | 0.00% | 2.15B | 0.0% |
