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ETFs

Vanguard Tax-Exempt Bond Index Fund

VTEB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 18 2015
Expense Ratio
0.05%
Type
US Bonds
Fund Owner
Vanguard
Volume (1m avg. daily)
$154,262,047
AUM
$27,078,727,187
Associated Index
S&P National AMT-Free Municipal Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Vanguard Municipal Cash Management Fund
0.26%
n/a
CALIFORNIA ST VAR PURP GO REF BDS
0.21%
n/a
Grand Parkway Transportation Corp. Texas System Toll Revenue
0.20%
n/a
State of Illinois 5 % Bonds 2017-01.11.27 Series D
0.20%
n/a
Texas GO
0.20%
n/a
LOUISIANA ST GAS & FUELS TAX R REV REF BDS A
0.18%
n/a
Los Angeles CA Unified School District GO
0.16%
n/a
NEW YORK ST URBAN DEV CORP REV PERS INCOME TAX GEN PURP 2022A
0.16%
n/a
NEW YORK ST DORM AUTH ST PERS GEN PURP BDS 2021 E
0.15%
n/a
PENNSYLVANIA ST GO REF BDS 2017
0.14%
Invest with VTEB

What is VTEB?

Vanguard Tax-Exempt Bond Index ETF seeks to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market. The S&P National AMT-Free Municipal Bond Index is a broad, comprehensive, market value-weighted index designed to measure the performance of the investment-grade tax-exempt U.S. municipal bond market. Bonds issued by U.S. territories, including Puerto Rico, are excluded from this index.

ETFs related toVTEB

ETFs correlated to VTEB include MUB, SCMB, CGMU

VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
PZA
Invesco Capital Management LLC - Invesco National AMT-Free Municipal Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toVTEB

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with VTEB using Composer

FAQ

VTEB is a US Bonds ETF. Vanguard Tax-Exempt Bond Index ETF seeks to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market. The S&P National AMT-Free Municipal Bond Index is a broad, comprehensive, market value-weighted index designed to measure the performance of the investment-grade tax-exempt U.S. municipal bond market. Bonds issued by U.S. territories, including Puerto Rico, are excluded from this index.

VTEB tracks the S&P National AMT-Free Municipal Bond Index.

No, VTEB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, VTEB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on VTEB is -0.0041%. This is the percent change in the value of VTEB over the most recent 1-month period. The 3-month return on VTEB is 0.016%. This is the percent change in the value of VTEB over the most recent 3-month period.

The standard deviation of VTEB for the past year is 0.0464%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to VTEB include HYD, MUNI, and HYMB.

ETFs correlated to VTEB include MUB, SCMB, and CGMU.

ETFs that are inversely correlated to VTEB include PST, TMV, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.