VTEB vs DFAC

Comparison between VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES (VTEB, ETF) and DIMENSIONAL U.S. CORE EQUITY 2 ETF (DFAC, ETF).

5-Year PerformanceDFAC has outperformed VTEB, delivering a return of +11.7% compared to +0.9%

VTEB vs DFAC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VTEB(ETF)	DFAC(ETF)
Net Assets	$46B	$45B
Expense Ratio	0.03%	0.17%
Max Drawdown	17.00%	23.86%
Sharpe Ratio	0.81	1.93
5Y Beta	0.03	0.96
P/E Ratio	N/A	25.31
Forward P/E	N/A	18.22
5Y Dividends CAGR	11.72%	N/A
5Y EPS CAGR	N/A	21.95%
P/S Ratio	N/A	2.25
P/B Ratio	N/A	3.87

Net Assets

Winner

VTEB

$46B

DFAC

$45B

Expense Ratio

Winner

VTEB

0.03%

DFAC

0.17%

Max Drawdown

Winner

VTEB

17.00%

DFAC

23.86%

Sharpe Ratio

VTEB

0.81

Winner

DFAC

1.93

5Y Beta

Winner

VTEB

0.03

DFAC

0.96

P/E Ratio

VTEB

N/A

DFAC

25.31

Forward P/E

VTEB

N/A

DFAC

18.22

5Y Dividends CAGR

VTEB

11.72%

DFAC

N/A

5Y EPS CAGR

VTEB

N/A

DFAC

21.95%

P/S Ratio

VTEB

N/A

DFAC

2.25

P/B Ratio

VTEB

N/A

DFAC

3.87

VTEB vs DFAC - Historical Returns

Returns include dividend reinvestment.

Period	VTEB	DFAC
1 month	-0.12%	+5.67%
3 months	-0.61%	+6.22%
6 months	+1.17%	+12.34%
1 year	+5.74%	+26.94%
5 years(CAGR)	+0.87%	+11.68%
10 years(CAGR)	+2.03%	N/A
Max(CAGR)	+2.36%	+11.68%

VTEB

-0.12%

Winner

DFAC

+5.67%

VTEB

-0.61%

Winner

DFAC

+6.22%

VTEB

+1.17%

Winner

DFAC

+12.34%

VTEB

+5.74%

Winner

DFAC

+26.94%

5Y(CAGR)

VTEB

+0.87%

Winner

DFAC

+11.68%

10Y(CAGR)

VTEB

+2.03%

DFAC

N/A

Max(CAGR)

VTEB

+2.36%

Winner

DFAC

+11.68%

VTEB vs DFAC - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	VTEB	DFAC
2026	+0.60%	+8.89%
2025	+3.58%	+15.76%
2024	+1.63%	+20.22%
2023	+5.87%	+22.46%
2022	-7.95%	-15.31%
2021	+1.14%	+9.52%
2020	+5.08%	N/A
2019	+7.32%	N/A
2018	+1.20%	N/A
2017	+5.10%	N/A
2016	+0.06%	N/A
2015	+2.44%	N/A

VTEB vs DFAC Drawdown Comparison

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

The maximum drawdown for DFAC was -23.11%, occurring on Sep 30, 2022. Recovery took 488 trading sessions.

The current VTEB drawdown is -1.21%. The current DFAC drawdown is -0.02%.

Rank	VTEB	DFAC
#1	-17.00% Mar 9, 2020 - Jul 30, 2020	-23.11% Jan 4, 2022 - Dec 13, 2023
#2	-12.64% Jul 22, 2021 - Dec 4, 2024	-20.02% Dec 4, 2024 - Jul 3, 2025
#3	-5.82% Jul 5, 2016 - Aug 23, 2017	-8.49% Feb 9, 2026 - Apr 15, 2026
#4	-4.76% Dec 6, 2024 - Sep 11, 2025	-8.27% Jul 16, 2024 - Sep 19, 2024
#5	-2.71% Feb 27, 2026 - Mar 24, 2026	-5.82% Mar 28, 2024 - May 15, 2024
#6	-2.27% Dec 6, 2017 - Dec 7, 2018	-5.54% Nov 16, 2021 - Dec 27, 2021
#7	-2.04% Feb 10, 2021 - Jun 4, 2021	-4.82% Oct 27, 2025 - Nov 28, 2025
#8	-1.57% Aug 15, 2019 - Jan 3, 2020	-4.49% Sep 2, 2021 - Oct 20, 2021
#9	-1.40% Aug 10, 2020 - Nov 19, 2020	-3.87% Jul 12, 2021 - Jul 29, 2021
#10	-1.14% Sep 8, 2017 - Dec 6, 2017	-3.19% Oct 6, 2025 - Oct 24, 2025
#11	-0.95% Feb 11, 2016 - Apr 5, 2016	-3.12% Jun 15, 2021 - Jun 25, 2021
#12	-0.82% Aug 25, 2015 - Sep 24, 2015	-2.97% Oct 18, 2024 - Nov 6, 2024
#13	-0.63% Jun 16, 2016 - Jun 24, 2016	-2.75% Jul 25, 2025 - Aug 12, 2025
#14	-0.54% Oct 30, 2015 - Nov 20, 2015	-2.59% Dec 27, 2023 - Jan 22, 2024
#15	-0.52% Jun 10, 2021 - Jul 7, 2021	-2.55% Nov 11, 2024 - Nov 25, 2024

Correlation

Correlation between VTEB and DFAC is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2015 - 2026)

VTEB vs DFAC dividend yield comparison.

Year	VTEB	DFAC
2026	1.14%	0.23%
2025	3.29%	0.97%
2024	3.14%	1.03%
2023	2.79%	1.20%
2022	2.09%	1.50%
2021	1.64%	0.88%
2020	1.99%	0.00%
2019	2.30%	0.00%
2018	2.25%	0.00%
2017	1.96%	0.00%
2016	1.66%	0.00%
2015	0.58%	0.00%