VCSH vs VTEB
Comparison between VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND ETF SHARES (VCSH, ETF) and VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES (VTEB, ETF).
5-Year PerformanceVCSH has outperformed VTEB, delivering a return of +2.4% compared to +0.6%
VCSH vs VTEB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
VCSH vs VTEB - Historical Returns
Returns include dividend reinvestment.
VCSH vs VTEB - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | VCSH | VTEB |
|---|---|---|
| 2026 | +0.96% | +0.58% |
| 2025 | +6.74% | +3.58% |
| 2024 | +5.17% | +1.63% |
| 2023 | +6.08% | +5.87% |
| 2022 | -5.48% | -7.95% |
| 2021 | -0.62% | +1.14% |
| 2020 | +5.13% | +5.08% |
| 2019 | +6.95% | +7.32% |
| 2018 | +0.96% | +1.20% |
| 2017 | +2.30% | +5.10% |
| 2016 | +2.67% | +0.06% |
| 2015 | +1.36% | +2.44% |
| 2014 | +1.93% | N/A |
| 2013 | +1.56% | N/A |
| 2012 | +5.67% | N/A |
| 2011 | +3.05% | N/A |
| 2010 | +4.98% | N/A |
| 2009 | +0.32% | N/A |
VCSH vs VTEB Drawdown Comparison
The maximum drawdown for VCSH was -12.86%, occurring on Mar 19, 2020. Recovery took 58 trading sessions.
The maximum drawdown for VTEB was -17.00%, occurring on Mar 19, 2020. Recovery took 100 trading sessions.
The current VCSH drawdown is -0.14%. The current VTEB drawdown is -1.44%.
| Rank | VCSH | VTEB |
|---|---|---|
| #1 | -12.86% Mar 5, 2020 - May 28, 2020 | -17.00% Mar 9, 2020 - Jul 30, 2020 |
| #2 | -9.48% Aug 3, 2021 - May 15, 2024 | -12.64% Jul 22, 2021 - Dec 4, 2024 |
| #3 | -2.53% May 2, 2013 - Oct 25, 2013 | -5.82% Jul 5, 2016 - Aug 23, 2017 |
| #4 | -2.00% Nov 4, 2010 - Apr 18, 2011 | -4.76% Dec 6, 2024 - Sep 11, 2025 |
| #5 | -1.99% Aug 4, 2011 - Jan 18, 2012 | -2.71% Feb 27, 2026 - Jun 29, 2026 |
| #6 | -1.66% Jul 6, 2016 - Apr 5, 2017 | -2.27% Dec 6, 2017 - Dec 7, 2018 |
| #7 | -1.51% Sep 7, 2017 - Dec 18, 2018 | -2.04% Jul 6, 2026 - Jul 23, 2026 |
| #8 | -1.40% Feb 27, 2026 - Jun 26, 2026 | -2.04% Feb 10, 2021 - Jun 4, 2021 |
| #9 | -1.29% Apr 3, 2025 - Apr 28, 2025 | -1.57% Aug 15, 2019 - Jan 3, 2020 |
| #10 | -1.21% Sep 24, 2024 - Jan 28, 2025 | -1.40% Aug 10, 2020 - Nov 19, 2020 |
| #11 | -1.03% Oct 27, 2015 - Mar 16, 2016 | -1.14% Sep 8, 2017 - Dec 6, 2017 |
| #12 | -1.02% Feb 11, 2021 - May 24, 2021 | -0.95% Feb 11, 2016 - Apr 5, 2016 |
| #13 | -0.93% Apr 16, 2015 - Oct 2, 2015 | -0.82% Aug 25, 2015 - Sep 24, 2015 |
| #14 | -0.90% May 18, 2010 - Jun 23, 2010 | -0.63% Jun 16, 2016 - Jun 24, 2016 |
| #15 | -0.84% Sep 4, 2019 - Oct 2, 2019 | -0.54% Oct 30, 2015 - Nov 20, 2015 |
Correlation
Correlation between VCSH and VTEB is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2009 - 2026)
VCSH vs VTEB dividend yield comparison.
| Year | VCSH | VTEB |
|---|---|---|
| 2026 | 2.60% | 2.00% |
| 2025 | 4.35% | 3.29% |
| 2024 | 3.96% | 3.14% |
| 2023 | 3.09% | 2.79% |
| 2022 | 2.01% | 2.09% |
| 2021 | 1.81% | 1.64% |
| 2020 | 2.27% | 1.99% |
| 2019 | 2.87% | 2.30% |
| 2018 | 2.65% | 2.25% |
| 2017 | 2.26% | 1.96% |
| 2016 | 2.10% | 1.66% |
| 2015 | 2.08% | 0.58% |
| 2014 | 2.01% | 0.00% |
| 2013 | 2.05% | 0.00% |
| 2012 | 2.29% | 0.00% |
| 2011 | 2.43% | 0.00% |
| 2010 | 2.40% | 0.00% |
| 2009 | 0.22% | 0.00% |
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