VTEB vs VONG

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

5-Year PerformanceVONG has outperformed VTEB, delivering a return of +14.8% compared to +0.9%

VTEB vs VONG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VTEB(ETF)	VONG(ETF)
Net Assets	$44B	$45B
Expense Ratio	0.03%	0.06%
Max Drawdown	17.00%	33.16%
Sharpe Ratio	0.80	1.65
5Y Beta	0.03	1.20
P/E Ratio	N/A	35.73
Forward P/E	N/A	26.98
5Y Dividends CAGR	11.72%	7.86%
5Y EPS CAGR	N/A	33.17%
Debt to Equity	N/A	25.76%
P/S Ratio	N/A	5.69
P/B Ratio	N/A	13.16

Net Assets

VTEB

$44B

Winner

VONG

$45B

Expense Ratio

Winner

VTEB

0.03%

VONG

0.06%

Max Drawdown

Winner

VTEB

17.00%

VONG

33.16%

Sharpe Ratio

VTEB

0.80

Winner

VONG

1.65

5Y Beta

Winner

VTEB

0.03

VONG

1.20

P/E Ratio

VTEB

N/A

VONG

35.73

Forward P/E

VTEB

N/A

VONG

26.98

5Y Dividends CAGR

Winner

VTEB

11.72%

VONG

7.86%

5Y EPS CAGR

VTEB

N/A

VONG

33.17%

Debt to Equity

VTEB

N/A

VONG

25.76%

P/S Ratio

VTEB

N/A

VONG

5.69

P/B Ratio

VTEB

N/A

VONG

13.16

VTEB vs VONG - Historical Returns

Returns include dividend reinvestment.

Period	VTEB	VONG
1 month	+0.52%	+11.53%
3 months	+0.03%	+7.34%
6 months	+1.49%	+5.08%
1 year	+6.27%	+32.38%
5 years(CAGR)	+0.88%	+14.78%
10 years(CAGR)	+2.09%	+18.55%
Max(CAGR)	+2.39%	+17.01%

VTEB

+0.52%

Winner

VONG

+11.53%

VTEB

+0.03%

Winner

VONG

+7.34%

VTEB

+1.49%

Winner

VONG

+5.08%

VTEB

+6.27%

Winner

VONG

+32.38%

5Y(CAGR)

VTEB

+0.88%

Winner

VONG

+14.78%

10Y(CAGR)

VTEB

+2.09%

Winner

VONG

+18.55%

Max(CAGR)

VTEB

+2.39%

Winner

VONG

+17.01%

VTEB vs VONG - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	VTEB	VONG
2026	+0.90%	+4.86%
2025	+3.58%	+18.63%
2024	+1.63%	+35.23%
2023	+5.87%	+43.77%
2022	-7.95%	-29.70%
2021	+1.14%	+29.31%
2020	+5.08%	+36.41%
2019	+7.32%	+36.29%
2018	+1.20%	-2.43%
2017	+5.10%	+29.13%
2016	+0.06%	+8.90%
2015	+2.44%	+5.56%
2014	N/A	+13.84%
2013	N/A	+30.09%
2012	N/A	+13.55%
2011	N/A	+1.35%
2010	N/A	+13.43%

VTEB vs VONG Drawdown Comparison

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

The maximum drawdown for VONG was -32.72%, occurring on Oct 14, 2022. Recovery took 503 trading sessions.

The current VTEB drawdown is -0.91%.

Rank	VTEB	VONG
#1	-17.00% Mar 9, 2020 - Jul 30, 2020	-32.72% Dec 27, 2021 - Dec 27, 2023
#2	-12.64% Jul 22, 2021 - Dec 4, 2024	-31.71% Feb 19, 2020 - Jun 8, 2020
#3	-5.82% Jul 5, 2016 - Aug 23, 2017	-23.27% Dec 16, 2024 - Jun 26, 2025
#4	-4.76% Dec 6, 2024 - Sep 11, 2025	-22.01% Oct 1, 2018 - Apr 12, 2019
#5	-2.71% Feb 27, 2026 - Mar 24, 2026	-18.00% Jul 7, 2011 - Feb 3, 2012
#6	-2.27% Dec 6, 2017 - Dec 7, 2018	-16.23% Oct 29, 2025 - May 7, 2026
#7	-2.04% Feb 10, 2021 - Jun 4, 2021	-13.80% Jul 20, 2015 - Jul 8, 2016
#8	-1.57% Aug 15, 2019 - Jan 3, 2020	-13.12% Jul 10, 2024 - Oct 14, 2024
#9	-1.40% Aug 10, 2020 - Nov 19, 2020	-11.34% Sep 2, 2020 - Dec 1, 2020
#10	-1.14% Sep 8, 2017 - Dec 6, 2017	-10.21% Apr 2, 2012 - Sep 6, 2012
#11	-0.95% Feb 11, 2016 - Apr 5, 2016	-9.80% Jan 26, 2018 - Jun 5, 2018
#12	-0.82% Aug 25, 2015 - Sep 24, 2015	-9.74% Feb 12, 2021 - Apr 8, 2021
#13	-0.63% Jun 16, 2016 - Jun 24, 2016	-7.97% Sep 19, 2012 - Jan 11, 2013
#14	-0.54% Oct 30, 2015 - Nov 20, 2015	-7.93% Apr 29, 2019 - Jun 20, 2019
#15	-0.52% Jun 10, 2021 - Jul 7, 2021	-7.36% Sep 19, 2014 - Oct 31, 2014

Correlation

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

0.87

-101

Dividend Comparison (2010 - 2026)

VTEB vs VONG dividend yield comparison.

Year	VTEB	VONG
2026	1.14%	0.11%
2025	3.29%	0.45%
2024	3.14%	0.55%
2023	2.79%	0.71%
2022	2.09%	0.98%
2021	1.64%	0.58%
2020	1.99%	0.77%
2019	2.30%	1.03%
2018	2.25%	1.18%
2017	1.96%	1.19%
2016	1.66%	1.48%
2015	0.58%	1.47%
2014	0.00%	1.44%
2013	0.00%	1.28%
2012	0.00%	1.69%
2011	0.00%	1.27%
2010	0.00%	0.15%