VTEB vs IEF
Comparison between VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES (VTEB, ETF) and ISHARES 7-10 YEAR TREASURY BOND ETF (IEF, ETF).
5-Year PerformanceVTEB has outperformed IEF, delivering a return of +1.0% compared to -1.0%
VTEB vs IEF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
VTEB vs IEF - Historical Returns
Returns include dividend reinvestment.
VTEB vs IEF - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | VTEB | IEF |
|---|---|---|
| 2026 | +1.66% | +0.20% |
| 2025 | +3.58% | +7.97% |
| 2024 | +1.63% | -0.26% |
| 2023 | +5.87% | +2.84% |
| 2022 | -7.95% | -14.36% |
| 2021 | +1.14% | -3.35% |
| 2020 | +5.08% | +9.50% |
| 2019 | +7.32% | +7.80% |
| 2018 | +1.20% | +1.32% |
| 2017 | +5.10% | +2.60% |
| 2016 | +0.06% | +0.58% |
| 2015 | +2.44% | +1.00% |
| 2014 | N/A | +8.64% |
| 2013 | N/A | -5.66% |
| 2012 | N/A | +4.33% |
| 2011 | N/A | +16.00% |
| 2010 | N/A | +9.10% |
| 2009 | N/A | -5.23% |
| 2008 | N/A | +17.07% |
| 2007 | N/A | +10.05% |
| 2006 | N/A | +2.53% |
| 2005 | N/A | +2.44% |
| 2004 | N/A | +4.97% |
| 2003 | N/A | +3.73% |
| 2002 | N/A | +6.25% |
VTEB vs IEF Drawdown Comparison
The maximum drawdown for VTEB was -17.00%, occurring on Mar 19, 2020. Recovery took 100 trading sessions.
The maximum drawdown for IEF was -23.92%, occurring on Oct 19, 2023. This drawdown has not yet recovered.
The current VTEB drawdown is -0.17%. The current IEF drawdown is -10.66%.
| Rank | VTEB | IEF |
|---|---|---|
| #1 | -17.00% Mar 9, 2020 - Jul 30, 2020 | -23.92% Aug 4, 2020 - Oct 19, 2023 |
| #2 | -12.64% Jul 22, 2021 - Dec 4, 2024 | -10.40% Dec 30, 2008 - Jun 28, 2010 |
| #3 | -5.82% Jul 5, 2016 - Aug 23, 2017 | -9.07% May 1, 2013 - Oct 14, 2014 |
| #4 | -4.76% Dec 6, 2024 - Sep 11, 2025 | -8.81% Jul 8, 2016 - May 28, 2019 |
| #5 | -2.71% Feb 27, 2026 - Mar 24, 2026 | -8.53% Jun 13, 2003 - Mar 16, 2004 |
| #6 | -2.27% Dec 6, 2017 - Dec 7, 2018 | -8.01% Oct 11, 2010 - Jul 13, 2011 |
| #7 | -2.04% Feb 10, 2021 - Jun 4, 2021 | -7.21% Mar 16, 2004 - Sep 22, 2004 |
| #8 | -1.57% Aug 15, 2019 - Jan 3, 2020 | -6.18% Mar 20, 2008 - Sep 15, 2008 |
| #9 | -1.40% Aug 10, 2020 - Nov 19, 2020 | -5.37% Sep 17, 2008 - Nov 19, 2008 |
| #10 | -1.14% Sep 8, 2017 - Dec 6, 2017 | -5.35% Jan 30, 2015 - Jan 28, 2016 |
| #11 | -0.95% Feb 11, 2016 - Apr 5, 2016 | -4.91% Jun 1, 2005 - Sep 21, 2006 |
| #12 | -0.82% Aug 25, 2015 - Sep 24, 2015 | -4.68% Mar 9, 2020 - Apr 1, 2020 |
| #13 | -0.63% Jun 16, 2016 - Jun 24, 2016 | -4.40% Sep 22, 2011 - Dec 19, 2011 |
| #14 | -0.54% Oct 30, 2015 - Nov 20, 2015 | -4.03% Oct 9, 2002 - Feb 13, 2003 |
| #15 | -0.52% Jun 10, 2021 - Jul 7, 2021 | -3.91% Feb 9, 2005 - May 5, 2005 |
Correlation
Correlation between VTEB and IEF is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2002 - 2026)
VTEB vs IEF dividend yield comparison.
| Year | VTEB | IEF |
|---|---|---|
| 2026 | 1.41% | 1.63% |
| 2025 | 3.29% | 3.77% |
| 2024 | 3.14% | 3.62% |
| 2023 | 2.79% | 2.91% |
| 2022 | 2.09% | 1.96% |
| 2021 | 1.64% | 0.83% |
| 2020 | 1.99% | 1.08% |
| 2019 | 2.30% | 2.08% |
| 2018 | 2.25% | 2.24% |
| 2017 | 1.96% | 1.82% |
| 2016 | 1.66% | 1.81% |
| 2015 | 0.58% | 1.90% |
| 2014 | 0.00% | 2.05% |
| 2013 | 0.00% | 1.77% |
| 2012 | 0.00% | 1.79% |
| 2011 | 0.00% | 2.55% |
| 2010 | 0.00% | 3.24% |
| 2009 | 0.00% | 3.96% |
| 2008 | 0.00% | 3.71% |
| 2007 | 0.00% | 4.29% |
| 2006 | 0.00% | 4.23% |
| 2005 | 0.00% | 3.87% |
| 2004 | 0.00% | 3.74% |
| 2003 | 0.00% | 3.80% |
| 2002 | 0.00% | 2.07% |
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