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VTEB · Vanguard Tax-Exempt Bond ETF
Over the last 11 years (2015-09 to 2026-10), $10,000 invested in VTEB with dividends reinvested grew to $12,680, 2.15% a year, with a worst peak-to-trough fall of -12.44%. Past performance doesn't predict future results.
Growth of $10,000 · 2015-09 to 2026-10 · dividends reinvested
How VTEB held up in past market crashes
VTEB has been through 3 of the market crashes since 2000 in our data. Its deepest price fall was 17.0% in the 2020 COVID crash, when the S&P 500 fell 34.1%. It took 9 months from the bottom to get back to its high. No fund is safe from losses; past falls do not predict future ones.
| Crash | VTEB deepest fall | S&P 500 (SPY) | Peak to bottom | Back to peak |
|---|---|---|---|---|
| 2018 fourth-quarter selloff | -1.3% | -20.2% | Sep 2018 to Nov 2018 | 1 months |
| 2020 COVID crash | -17.0% | -34.1% | Mar 2020 to Mar 2020 | 9 months |
| 2022 bear market | -12.3% | -25.4% | Jan 2022 to Sep 2022 | Not yet |
Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.
About VTEB
Vanguard Tax-Exempt Bond ETF is a fixed-income exchange-traded fund that seeks to provide broad exposure to investment-grade U.S. municipal bonds. It is designed to track the performance of a benchmark built from debt issued by state and local governments and related agencies, with interest generally exempt from U.S. federal income tax and the federal alternative minimum tax.
Fund description from our market-data provider.
Put VTEB to the test
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Backtest VTEB →
Full history, any date range, benchmarks, drawdowns, rolling returns.
Would VTEB survive 2008? →
What actually happened to it in the crisis: real drawdown and recovery.
Project it forward →
Monte Carlo simulation of where it could go from here.
Compare VTEB vs VTI →
Side by side with the total US market: returns, drawdowns and volatility over their shared history.
Replay $100/mo into VTEB →
Animated growth of steady monthly contributions.
Fundamentals →
Holdings-level financials where available.
More on VTEB
Educational use only, not investment advice. Results are hypothetical.Read full disclaimer
This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.