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ETFs

Vanguard Short-Term Tax-Exempt Bond ETF

VTES
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 7, 2023
Expense Ratio
0.07%
Type
US Bonds
Fund Owner
Vanguard
Volume (1m avg. daily)
$2,211,014
AUM
$218,306,000
Associated Index
S&P 0-7 Year National AMT-Free Municipal Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
MUNICMT 0 12/31/2049
0.88%
n/a
Louisiana Loc Govt 5 % Bonds 2014-1.2.39 Lien East Baton Rouge Sew Series 2014A
0.45%
n/a
City of Chicago 5 % Bonds 2015-1.1.24 Series 2015B
0.45%
n/a
WASHINGTON ST-R-2022
0.42%
n/a
MICHIGAN ST-I-A-REF
0.41%
n/a
NJ St Transn 5 % Notes 2016-15.06.27 Fed Highway Reimbursement Notes Ser 2016 A-1
0.37%
n/a
NEW JERSEY ST-A
0.35%
n/a
VIRGINIA ST CLG BLDG
0.34%
n/a
Metrop.Water Calif. 5 % Bonds 2015-01.07.28 Authorization Series A
0.33%
n/a
CALIFORNIA ST
0.32%
Invest with VTES

What is VTES?

The investment objective of this index fund is to seek to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market with maturities between one month and 7 years. The fund employs an indexing investment approach designed to track the S&P 0-7 Year National AMT-Free Municipal Bond Index using a sampling technique to closely match key benchmark characteristics. All of the fund investments will be selected through the sampling process, and at least 80% of the fund assets will be invested in securities held in the index.

ETFs related toVTES

ETFs correlated to VTES include IBMQ, SCMB, IBMP

VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
IBMO
iShares Trust - iShares iBonds Dec 2026 Term Muni Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York 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 toVTES

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Risk Rating

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Create your own algorithmic trading strategy with VTES using Composer

FAQ

VTES is a US Bonds ETF. The investment objective of this index fund is to seek to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market with maturities between one month and 7 years. The fund employs an indexing investment approach designed to track the S&P 0-7 Year National AMT-Free Municipal Bond Index using a sampling technique to closely match key benchmark characteristics. All of the fund investments will be selected through the sampling process, and at least 80% of the fund assets will be invested in securities held in the index.

VTES tracks the S&P 0-7 Year National AMT-Free Municipal Bond Index.

No, VTES 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, VTES 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 VTES is -0.0059%. This is the percent change in the value of VTES over the most recent 1-month period. The 3-month return on VTES is -0.0084%. This is the percent change in the value of VTES over the most recent 3-month period.

ETFs similar to VTES include HYD, VTEB, and CMF.

ETFs correlated to VTES include IBMQ, SCMB, and IBMP.

ETFs that are inversely correlated to VTES include PST, TBX, and TMV.

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.