VTEB vs XLE

Comparison between VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES (VTEB, ETF) and THE ENERGY SELECT SECTOR SPDR FUND (XLE, ETF).

5-Year PerformanceXLE has outperformed VTEB, delivering a return of +20.1% compared to +0.9%

VTEB vs XLE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VTEB(ETF)	XLE(ETF)
Net Assets	$44B	$44B
Expense Ratio	0.03%	0.08%
Max Drawdown	17.00%	76.73%
Sharpe Ratio	0.80	1.70
5Y Beta	0.03	0.58
P/E Ratio	N/A	21.71
Forward P/E	N/A	14.75
PEG Ratio	N/A	1.16
5Y Dividends CAGR	11.72%	6.90%
5Y EPS CAGR	N/A	20.78%
Debt to Equity	N/A	36.28%
P/S Ratio	N/A	1.65
P/B Ratio	N/A	2.56

Net Assets

Winner

VTEB

$44B

XLE

$44B

Expense Ratio

Winner

VTEB

0.03%

XLE

0.08%

Max Drawdown

Winner

VTEB

17.00%

XLE

76.73%

Sharpe Ratio

VTEB

0.80

Winner

XLE

1.70

5Y Beta

Winner

VTEB

0.03

XLE

0.58

P/E Ratio

VTEB

N/A

XLE

21.71

Forward P/E

VTEB

N/A

XLE

14.75

PEG Ratio

VTEB

N/A

XLE

1.16

5Y Dividends CAGR

Winner

VTEB

11.72%

XLE

6.90%

5Y EPS CAGR

VTEB

N/A

XLE

20.78%

Debt to Equity

VTEB

N/A

XLE

36.28%

P/S Ratio

VTEB

N/A

XLE

1.65

P/B Ratio

VTEB

N/A

XLE

2.56

VTEB vs XLE - Historical Returns

Returns include dividend reinvestment.

Period	VTEB	XLE
1 month	+0.52%	-4.05%
3 months	+0.03%	+4.51%
6 months	+1.49%	+26.27%
1 year	+6.27%	+40.89%
5 years(CAGR)	+0.88%	+20.06%
10 years(CAGR)	+2.09%	+10.03%
Max(CAGR)	+2.39%	+8.29%

Winner

VTEB

+0.52%

XLE

-4.05%

VTEB

+0.03%

Winner

XLE

+4.51%

VTEB

+1.49%

Winner

XLE

+26.27%

VTEB

+6.27%

Winner

XLE

+40.89%

5Y(CAGR)

VTEB

+0.88%

Winner

XLE

+20.06%

10Y(CAGR)

VTEB

+2.09%

Winner

XLE

+10.03%

Max(CAGR)

VTEB

+2.39%

Winner

XLE

+8.29%

VTEB vs XLE - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VTEB	XLE
2026	+0.90%	+22.80%
2025	+3.58%	+6.64%
2024	+1.63%	+4.40%
2023	+5.87%	+2.97%
2022	-7.95%	+59.24%
2021	+1.14%	+53.07%
2020	+5.08%	-33.12%
2019	+7.32%	+9.58%
2018	+1.20%	-19.53%
2017	+5.10%	-2.00%
2016	+0.06%	+28.06%
2015	+2.44%	-21.84%
2014	N/A	-7.38%
2013	N/A	+23.53%
2012	N/A	+2.36%
2011	N/A	+2.08%
2010	N/A	+18.05%
2009	N/A	+16.01%
2008	N/A	-39.08%
2007	N/A	+41.83%
2006	N/A	+12.74%
2005	N/A	+45.54%
2004	N/A	+33.98%
2003	N/A	+23.23%
2002	N/A	-14.05%
2001	N/A	-18.34%
2000	N/A	+26.90%
1999	N/A	+0.56%

VTEB vs XLE Drawdown Comparison

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

The maximum drawdown for XLE was -71.26%, occurring on Mar 18, 2020. Recovery took 1939 trading sessions.

The current VTEB drawdown is -0.91%. The current XLE drawdown is -10.97%.

Rank	VTEB	XLE
#1	-17.00% Mar 9, 2020 - Jul 30, 2020	-71.26% Jun 23, 2014 - Mar 4, 2022
#2	-12.64% Jul 22, 2021 - Dec 4, 2024	-57.37% May 20, 2008 - May 20, 2013
#3	-5.82% Jul 5, 2016 - Aug 23, 2017	-41.54% May 18, 2001 - Jul 16, 2004
#4	-4.76% Dec 6, 2024 - Sep 11, 2025	-26.08% Jun 8, 2022 - Nov 1, 2022
#5	-2.71% Feb 27, 2026 - Mar 24, 2026	-20.15% Nov 22, 2024 - Jan 5, 2026
#6	-2.27% Dec 6, 2017 - Dec 7, 2018	-17.34% Nov 15, 2022 - Sep 8, 2023
#7	-2.04% Feb 10, 2021 - Jun 4, 2021	-16.88% Dec 26, 2007 - Apr 16, 2008
#8	-1.57% Aug 15, 2019 - Jan 3, 2020	-16.45% Sep 29, 2005 - Jan 13, 2006
#9	-1.40% Aug 10, 2020 - Nov 19, 2020	-15.99% Apr 21, 2006 - Nov 29, 2006
#10	-1.14% Sep 8, 2017 - Dec 6, 2017	-14.71% Jan 21, 2000 - Mar 29, 2000
#11	-0.95% Feb 11, 2016 - Apr 5, 2016	-14.14% Mar 8, 2001 - May 18, 2001
#12	-0.82% Aug 25, 2015 - Sep 24, 2015	-13.72% Mar 4, 2005 - Jun 16, 2005
#13	-0.63% Jun 16, 2016 - Jun 24, 2016	-13.33% Apr 5, 2024 - Nov 21, 2024
#14	-0.54% Oct 30, 2015 - Nov 20, 2015	-12.96% Sep 14, 2023 - Mar 18, 2024
#15	-0.52% Jun 10, 2021 - Jul 7, 2021	-12.44% Jul 19, 2007 - Sep 18, 2007

Correlation

Correlation between VTEB and XLE is 0.49 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.49

-101

Dividend Comparison (1999 - 2026)

VTEB vs XLE dividend yield comparison.

Year	VTEB	XLE
2026	1.14%	0.69%
2025	3.29%	3.28%
2024	3.14%	3.36%
2023	2.79%	3.55%
2022	2.09%	3.68%
2021	1.64%	4.21%
2020	1.99%	5.62%
2019	2.30%	6.72%
2018	2.25%	3.54%
2017	1.96%	3.03%
2016	1.66%	2.26%
2015	0.58%	3.39%
2014	0.00%	2.35%
2013	0.00%	1.73%
2012	0.00%	1.82%
2011	0.00%	1.54%
2010	0.00%	1.46%
2009	0.00%	1.81%
2008	0.00%	1.85%
2007	0.00%	0.99%
2006	0.00%	1.24%
2005	0.00%	1.13%
2004	0.00%	1.42%
2003	0.00%	1.74%
2002	0.00%	2.16%
2001	0.00%	1.85%
2000	0.00%	1.45%
1999	0.00%	0.30%