QUAL vs VTEB

Comparison between ISHARES MSCI USA QUALITY FACTOR ETF (QUAL, ETF) and VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES (VTEB, ETF).

5-Year PerformanceQUAL has outperformed VTEB, delivering a return of +11.5% compared to +0.9%

QUAL vs VTEB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	QUAL(ETF)	VTEB(ETF)
Net Assets	$47B	$44B
Expense Ratio	0.15%	0.03%
Max Drawdown	34.06%	17.00%
Sharpe Ratio	1.52	0.80
5Y Beta	0.91	0.03
P/E Ratio	27.29	N/A
Forward P/E	23.25	N/A
PEG Ratio	0.86	N/A
5Y Dividends CAGR	7.13%	11.72%
5Y EPS CAGR	27.89%	N/A
Debt to Equity	58.35%	N/A
P/S Ratio	4.39	N/A
P/B Ratio	7.04	N/A

Net Assets

Winner

QUAL

$47B

VTEB

$44B

Expense Ratio

QUAL

0.15%

Winner

VTEB

0.03%

Max Drawdown

QUAL

34.06%

Winner

VTEB

17.00%

Sharpe Ratio

Winner

QUAL

1.52

VTEB

0.80

5Y Beta

QUAL

0.91

Winner

VTEB

0.03

P/E Ratio

QUAL

27.29

VTEB

N/A

Forward P/E

QUAL

23.25

VTEB

N/A

PEG Ratio

QUAL

0.86

VTEB

N/A

5Y Dividends CAGR

QUAL

7.13%

Winner

VTEB

11.72%

5Y EPS CAGR

QUAL

27.89%

VTEB

N/A

Debt to Equity

QUAL

58.35%

VTEB

N/A

P/S Ratio

QUAL

4.39

VTEB

N/A

P/B Ratio

QUAL

7.04

VTEB

N/A

QUAL vs VTEB - Historical Returns

Returns include dividend reinvestment.

Period	QUAL	VTEB
1 month	+5.74%	+0.52%
3 months	+3.36%	+0.03%
6 months	+9.48%	+1.49%
1 year	+23.93%	+6.27%
5 years(CAGR)	+11.52%	+0.88%
10 years(CAGR)	+14.14%	+2.09%
Max(CAGR)	+13.56%	+2.39%

Winner

QUAL

+5.74%

VTEB

+0.52%

Winner

QUAL

+3.36%

VTEB

+0.03%

Winner

QUAL

+9.48%

VTEB

+1.49%

Winner

QUAL

+23.93%

VTEB

+6.27%

5Y(CAGR)

Winner

QUAL

+11.52%

VTEB

+0.88%

10Y(CAGR)

Winner

QUAL

+14.14%

VTEB

+2.09%

Max(CAGR)

Winner

QUAL

+13.56%

VTEB

+2.39%

QUAL vs VTEB - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	QUAL	VTEB
2026	+5.87%	+0.90%
2025	+12.95%	+3.58%
2024	+23.18%	+1.63%
2023	+31.26%	+5.87%
2022	-20.28%	-7.95%
2021	+28.99%	+1.14%
2020	+16.02%	+5.08%
2019	+33.96%	+7.32%
2018	-6.11%	+1.20%
2017	+21.39%	+5.10%
2016	+10.84%	+0.06%
2015	+5.47%	+2.44%
2014	+12.54%	N/A
2013	+13.45%	N/A

QUAL vs VTEB Drawdown Comparison

The maximum drawdown for QUAL was -34.06%, occurring on Mar 23, 2020. Recovery took 122 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 -0.91%.

Rank	QUAL	VTEB
#1	-34.06% Feb 19, 2020 - Aug 12, 2020	-17.00% Mar 9, 2020 - Jul 30, 2020
#2	-28.22% Dec 29, 2021 - Dec 11, 2023	-12.64% Jul 22, 2021 - Dec 4, 2024
#3	-20.46% Sep 21, 2018 - Apr 5, 2019	-5.82% Jul 5, 2016 - Aug 23, 2017
#4	-18.00% Dec 4, 2024 - Jul 23, 2025	-4.76% Dec 6, 2024 - Sep 11, 2025
#5	-11.49% Jul 20, 2015 - Oct 28, 2015	-2.71% Feb 27, 2026 - Mar 24, 2026
#6	-11.20% Nov 3, 2015 - Apr 1, 2016	-2.27% Dec 6, 2017 - Dec 7, 2018
#7	-9.92% Jan 26, 2018 - Aug 20, 2018	-2.04% Feb 10, 2021 - Jun 4, 2021
#8	-9.03% Feb 25, 2026 - Apr 17, 2026	-1.57% Aug 15, 2019 - Jan 3, 2020
#9	-8.69% Sep 2, 2020 - Nov 9, 2020	-1.40% Aug 10, 2020 - Nov 19, 2020
#10	-7.63% Jul 16, 2024 - Aug 21, 2024	-1.14% Sep 8, 2017 - Dec 6, 2017
#11	-7.40% Aug 30, 2021 - Oct 29, 2021	-0.95% Feb 11, 2016 - Apr 5, 2016
#12	-6.92% Apr 23, 2019 - Jun 20, 2019	-0.82% Aug 25, 2015 - Sep 24, 2015
#13	-6.63% Sep 19, 2014 - Oct 30, 2014	-0.63% Jun 16, 2016 - Jun 24, 2016
#14	-6.58% Mar 21, 2024 - May 15, 2024	-0.54% Oct 30, 2015 - Nov 20, 2015
#15	-6.46% Jan 21, 2014 - Feb 26, 2014	-0.52% Jun 10, 2021 - Jul 7, 2021

Correlation

Correlation between QUAL and VTEB is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2013 - 2026)

QUAL vs VTEB dividend yield comparison.

Year	QUAL	VTEB
2026	0.20%	1.14%
2025	0.94%	3.29%
2024	1.02%	3.14%
2023	1.23%	2.79%
2022	1.59%	2.09%
2021	1.20%	1.64%
2020	1.39%	1.99%
2019	1.60%	2.30%
2018	2.00%	2.25%
2017	1.76%	1.96%
2016	1.96%	1.66%
2015	1.63%	0.58%
2014	1.35%	0.00%
2013	0.63%	0.00%