VTEB vs XLF
Comparison between VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES (VTEB, ETF) and STATE STREET(R) FINANCIAL SELECT SECTOR SPDR(R) ETF (XLF, ETF).
5-Year PerformanceXLF has outperformed VTEB, delivering a return of +10.8% compared to +0.7%
VTEB vs XLF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
VTEB vs XLF - Historical Returns
Returns include dividend reinvestment.
VTEB vs XLF - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VTEB | XLF |
|---|---|---|
| 2026 | +0.86% | +3.03% |
| 2025 | +3.58% | +15.17% |
| 2024 | +1.63% | +29.99% |
| 2023 | +5.87% | +11.63% |
| 2022 | -7.95% | -11.69% |
| 2021 | +1.14% | +36.68% |
| 2020 | +5.08% | -2.62% |
| 2019 | +7.32% | +30.78% |
| 2018 | +1.20% | -13.07% |
| 2017 | +5.10% | +20.65% |
| 2016 | +0.06% | +24.85% |
| 2015 | +2.44% | -1.74% |
| 2014 | N/A | +15.69% |
| 2013 | N/A | +31.71% |
| 2012 | N/A | +25.14% |
| 2011 | N/A | -18.93% |
| 2010 | N/A | +9.70% |
| 2009 | N/A | +16.31% |
| 2008 | N/A | -54.06% |
| 2007 | N/A | -19.59% |
| 2006 | N/A | +17.23% |
| 2005 | N/A | +6.58% |
| 2004 | N/A | +11.02% |
| 2003 | N/A | +25.90% |
| 2002 | N/A | -14.65% |
| 2001 | N/A | -6.80% |
| 2000 | N/A | +30.76% |
| 1999 | N/A | -5.52% |
VTEB vs XLF Drawdown Comparison
The maximum drawdown for VTEB was -17.00%, occurring on Mar 19, 2020. Recovery took 100 trading sessions.
The maximum drawdown for XLF was -82.72%, occurring on Mar 6, 2009. Recovery took 2555 trading sessions.
The current VTEB drawdown is -1.17%. The current XLF drawdown is -1.13%.
| Rank | VTEB | XLF |
|---|---|---|
| #1 | -17.00% Mar 9, 2020 - Jul 30, 2020 | -82.72% Jun 1, 2007 - Jul 25, 2017 |
| #2 | -12.64% Jul 22, 2021 - Dec 4, 2024 | -42.83% Feb 14, 2020 - Jan 6, 2021 |
| #3 | -5.82% Jul 5, 2016 - Aug 23, 2017 | -36.64% Jan 3, 2001 - Jan 15, 2004 |
| #4 | -4.76% Dec 6, 2024 - Sep 11, 2025 | -25.82% Jan 12, 2022 - Feb 22, 2024 |
| #5 | -2.71% Feb 27, 2026 - Jun 29, 2026 | -25.34% Nov 16, 1999 - Jun 2, 2000 |
| #6 | -2.27% Dec 6, 2017 - Dec 7, 2018 | -24.66% Jan 26, 2018 - Nov 4, 2019 |
| #7 | -2.04% Feb 10, 2021 - Jun 4, 2021 | -15.55% Feb 19, 2025 - Jun 27, 2025 |
| #8 | -1.57% Aug 15, 2019 - Jan 3, 2020 | -14.80% Jan 6, 2026 - Jul 6, 2026 |
| #9 | -1.40% Aug 10, 2020 - Nov 19, 2020 | -14.09% Sep 11, 2000 - Dec 26, 2000 |
| #10 | -1.17% Jul 6, 2026 - Jul 21, 2026 | -11.52% Jun 2, 2000 - Aug 4, 2000 |
| #11 | -1.14% Sep 8, 2017 - Dec 6, 2017 | -10.19% Mar 5, 2004 - Dec 1, 2004 |
| #12 | -0.95% Feb 11, 2016 - Apr 5, 2016 | -9.13% Feb 15, 2005 - Jul 14, 2005 |
| #13 | -0.82% Aug 25, 2015 - Sep 24, 2015 | -8.42% Jun 4, 2021 - Aug 10, 2021 |
| #14 | -0.63% Jun 16, 2016 - Jun 24, 2016 | -8.32% Feb 20, 2007 - May 9, 2007 |
| #15 | -0.54% Oct 30, 2015 - Nov 20, 2015 | -7.98% Jan 14, 2021 - Feb 12, 2021 |
Correlation
Correlation between VTEB and XLF is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
VTEB vs XLF dividend yield comparison.
| Year | VTEB | XLF |
|---|---|---|
| 2026 | 1.71% | 0.78% |
| 2025 | 3.29% | 1.31% |
| 2024 | 3.14% | 1.42% |
| 2023 | 2.79% | 1.71% |
| 2022 | 2.09% | 2.04% |
| 2021 | 1.64% | 1.63% |
| 2020 | 1.99% | 2.03% |
| 2019 | 2.30% | 1.87% |
| 2018 | 2.25% | 2.08% |
| 2017 | 1.96% | 1.48% |
| 2016 | 1.66% | 21.10% |
| 2015 | 0.58% | 1.95% |
| 2014 | 0.00% | 1.60% |
| 2013 | 0.00% | 1.47% |
| 2012 | 0.00% | 1.76% |
| 2011 | 0.00% | 1.73% |
| 2010 | 0.00% | 0.98% |
| 2009 | 0.00% | 1.71% |
| 2008 | 0.00% | 6.15% |
| 2007 | 0.00% | 3.00% |
| 2006 | 0.00% | 2.52% |
| 2005 | 0.00% | 2.24% |
| 2004 | 0.00% | 2.05% |
| 2003 | 0.00% | 1.84% |
| 2002 | 0.00% | 2.03% |
| 2001 | 0.00% | 1.53% |
| 2000 | 0.00% | 1.23% |
| 1999 | 0.00% | 0.35% |
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