IWB vs VTEB

Comparison between ISHARES RUSSELL 1000 ETF (IWB, ETF) and VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES (VTEB, ETF).

5-Year PerformanceIWB has outperformed VTEB, delivering a return of +13.3% compared to +0.9%

IWB vs VTEB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IWB(ETF)	VTEB(ETF)
Net Assets	$46B	$46B
Expense Ratio	0.15%	0.03%
Max Drawdown	56.43%	17.00%
Sharpe Ratio	1.94	0.81
5Y Beta	0.98	0.03
P/E Ratio	27.79	N/A
Forward P/E	21.28	N/A
5Y Dividends CAGR	9.65%	11.72%
5Y EPS CAGR	25.49%	N/A
Debt to Equity	39.40%	N/A
P/S Ratio	3.12	N/A
P/B Ratio	4.91	N/A

Net Assets

Winner

IWB

$46B

VTEB

$46B

Expense Ratio

IWB

0.15%

Winner

VTEB

0.03%

Max Drawdown

IWB

56.43%

Winner

VTEB

17.00%

Sharpe Ratio

Winner

IWB

1.94

VTEB

0.81

5Y Beta

IWB

0.98

Winner

VTEB

0.03

P/E Ratio

IWB

27.79

VTEB

N/A

Forward P/E

IWB

21.28

VTEB

N/A

5Y Dividends CAGR

IWB

9.65%

Winner

VTEB

11.72%

5Y EPS CAGR

IWB

25.49%

VTEB

N/A

Debt to Equity

IWB

39.40%

VTEB

N/A

P/S Ratio

IWB

3.12

VTEB

N/A

P/B Ratio

IWB

4.91

VTEB

N/A

IWB vs VTEB - Historical Returns

Returns include dividend reinvestment.

Period	IWB	VTEB
1 month	+7.51%	-0.12%
3 months	+8.44%	-0.61%
6 months	+10.45%	+1.17%
1 year	+26.59%	+5.74%
5 years(CAGR)	+13.29%	+0.87%
10 years(CAGR)	+15.30%	+2.03%
Max(CAGR)	+8.53%	+2.36%

Winner

IWB

+7.51%

VTEB

-0.12%

Winner

IWB

+8.44%

VTEB

-0.61%

Winner

IWB

+10.45%

VTEB

+1.17%

Winner

IWB

+26.59%

VTEB

+5.74%

5Y(CAGR)

Winner

IWB

+13.29%

VTEB

+0.87%

10Y(CAGR)

Winner

IWB

+15.30%

VTEB

+2.03%

Max(CAGR)

Winner

IWB

+8.53%

VTEB

+2.36%

IWB vs VTEB - Annual Returns (2000 - 2026)

Returns include dividend reinvestment.

Year	IWB	VTEB
2026	+8.27%	+0.60%
2025	+17.40%	+3.58%
2024	+25.08%	+1.63%
2023	+27.04%	+5.87%
2022	-19.70%	-7.95%
2021	+28.10%	+1.14%
2020	+19.74%	+5.08%
2019	+31.11%	+7.32%
2018	-5.57%	+1.20%
2017	+20.58%	+5.10%
2016	+13.69%	+0.06%
2015	+0.86%	+2.44%
2014	+14.05%	N/A
2013	+29.59%	N/A
2012	+14.77%	N/A
2011	+0.22%	N/A
2010	+14.18%	N/A
2009	+24.67%	N/A
2008	-36.70%	N/A
2007	+5.37%	N/A
2006	+13.49%	N/A
2005	+7.04%	N/A
2004	+10.98%	N/A
2003	+25.31%	N/A
2002	-22.03%	N/A
2001	-8.93%	N/A
2000	-4.97%	N/A

IWB vs VTEB Drawdown Comparison

The maximum drawdown for IWB was -55.38%, occurring on Mar 9, 2009. Recovery took 1119 trading sessions.

The maximum drawdown for VTEB was -17.00%, occurring on Mar 19, 2020. Recovery took 100 trading sessions.

The current VTEB drawdown is -1.21%.

Rank	IWB	VTEB
#1	-55.38% Oct 9, 2007 - Mar 19, 2012	-17.00% Mar 9, 2020 - Jul 30, 2020
#2	-48.25% Sep 1, 2000 - Oct 13, 2006	-12.64% Jul 22, 2021 - Dec 4, 2024
#3	-34.60% Feb 19, 2020 - Aug 10, 2020	-5.82% Jul 5, 2016 - Aug 23, 2017
#4	-25.20% Jan 3, 2022 - Dec 14, 2023	-4.76% Dec 6, 2024 - Sep 11, 2025
#5	-19.72% Sep 20, 2018 - Apr 12, 2019	-2.71% Feb 27, 2026 - Mar 24, 2026
#6	-19.09% Feb 19, 2025 - Jun 26, 2025	-2.27% Dec 6, 2017 - Dec 7, 2018
#7	-14.25% May 21, 2015 - Jun 2, 2016	-2.04% Feb 10, 2021 - Jun 4, 2021
#8	-9.97% Jan 26, 2018 - Jul 25, 2018	-1.57% Aug 15, 2019 - Jan 3, 2020
#9	-9.86% Apr 2, 2012 - Aug 16, 2012	-1.40% Aug 10, 2020 - Nov 19, 2020
#10	-9.45% Jul 19, 2007 - Oct 5, 2007	-1.14% Sep 8, 2017 - Dec 6, 2017
#11	-9.33% Sep 2, 2020 - Nov 11, 2020	-0.95% Feb 11, 2016 - Apr 5, 2016
#12	-8.86% Jan 27, 2026 - Apr 15, 2026	-0.82% Aug 25, 2015 - Sep 24, 2015
#13	-8.43% Jul 16, 2024 - Sep 19, 2024	-0.63% Jun 16, 2016 - Jun 24, 2016
#14	-7.58% Sep 18, 2014 - Oct 31, 2014	-0.54% Oct 30, 2015 - Nov 20, 2015
#15	-7.30% Sep 14, 2012 - Jan 2, 2013	-0.52% Jun 10, 2021 - Jul 7, 2021

Correlation

Correlation between IWB and VTEB is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2000 - 2026)

IWB vs VTEB dividend yield comparison.

Year	IWB	VTEB
2026	0.21%	1.14%
2025	1.00%	3.29%
2024	1.14%	3.14%
2023	1.31%	2.79%
2022	1.56%	2.09%
2021	1.09%	1.64%
2020	1.37%	1.99%
2019	1.71%	2.30%
2018	2.06%	2.25%
2017	1.64%	1.96%
2016	1.89%	1.66%
2015	1.95%	0.58%
2014	1.70%	0.00%
2013	1.68%	0.00%
2012	2.05%	0.00%
2011	1.93%	0.00%
2010	1.67%	0.00%
2009	1.94%	0.00%
2008	2.49%	0.00%
2007	1.68%	0.00%
2006	1.57%	0.00%
2005	1.92%	0.00%
2004	1.73%	0.00%
2003	1.42%	0.00%
2002	1.54%	0.00%
2001	1.14%	0.00%
2000	0.64%	0.00%