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VTES vs DFEV

Comparison between VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF ETF SHARES (VTES, ETF) and DIMENSIONAL EMERGING MARKETS VALUE ETF (DFEV, ETF).

VTES vs DFEV - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
VTES
$2B
DFEV
$2B
Expense Ratio
Winner
VTES
0.05%
DFEV
0.43%
Max Drawdown
Winner
VTES
3.63%
DFEV
20.42%
Sharpe Ratio
VTES
-0.31
Winner
DFEV
2.00
5Y Beta
Winner
VTES
0.01
DFEV
0.71

VTES vs DFEV - Historical Returns

Returns include dividend reinvestment.

1M
VTES
+0.34%
Winner
DFEV
+3.90%
3M
VTES
+0.10%
Winner
DFEV
+20.23%
6M
VTES
+0.96%
Winner
DFEV
+30.57%
1Y
VTES
+3.33%
Winner
DFEV
+48.63%
5Y(CAGR)
VTES
N/A
DFEV
+17.55%
Max(CAGR)
VTES
+3.07%
Winner
DFEV
+17.55%

VTES vs DFEV - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

YearVTESDFEV
2026+0.64%+24.77%
2025+4.08%+33.08%
2024+2.02%+8.41%
2023+3.32%+15.21%
2022N/A-6.68%

VTES vs DFEV Drawdown Comparison

The maximum drawdown for VTES was -2.42%, occurring on Oct 3, 2023. Recovery took 160 trading sessions.

The maximum drawdown for DFEV was -18.47%, occurring on Oct 31, 2022. Recovery took 279 trading sessions.

The current VTES drawdown is -0.60%. The current DFEV drawdown is -3.10%.

RankVTESDFEV
#1-2.42%
Apr 12, 2023 - Nov 29, 2023
-18.47%
May 4, 2022 - Jun 14, 2023
#2-1.59%
Apr 4, 2025 - Jun 11, 2025
-17.94%
Oct 7, 2024 - Jun 4, 2025
#3-1.47%
Feb 27, 2026 - Mar 24, 2026
-11.35%
Feb 25, 2026 - Apr 17, 2026
#4-1.04%
Mar 8, 2024 - Jul 8, 2024
-10.73%
Jul 31, 2023 - Dec 28, 2023
#5-0.82%
Dec 6, 2024 - Feb 4, 2025
-9.35%
Jul 12, 2024 - Sep 24, 2024
#6-0.78%
Feb 28, 2025 - Apr 4, 2025
-7.91%
Jun 2, 2026 - Jun 5, 2026
#7-0.78%
Oct 2, 2024 - Nov 29, 2024
-5.71%
Dec 29, 2023 - Feb 16, 2024
#8-0.55%
Dec 29, 2023 - Feb 1, 2024
-5.09%
May 11, 2026 - May 26, 2026
#9-0.50%
Sep 16, 2025 - Dec 18, 2025
-4.66%
Apr 9, 2024 - Apr 29, 2024
#10-0.43%
Feb 1, 2024 - Mar 6, 2024
-4.26%
May 17, 2024 - Jul 3, 2024
#11-0.31%
Mar 17, 2023 - Mar 22, 2023
-4.11%
Nov 12, 2025 - Dec 26, 2025
#12-0.22%
Feb 5, 2025 - Feb 21, 2025
-3.57%
Oct 6, 2025 - Oct 16, 2025
#13-0.19%
Aug 6, 2024 - Aug 14, 2024
-3.42%
Jun 15, 2023 - Jul 12, 2023
#14-0.15%
Aug 13, 2025 - Aug 22, 2025
-3.42%
Jul 23, 2025 - Aug 13, 2025
#15-0.15%
Jan 16, 2026 - Jan 23, 2026
-2.16%
Jun 16, 2025 - Jun 24, 2025

Correlation

Correlation between VTES and DFEV is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91
-101

Dividend Comparison (2022 - 2026)

VTES vs DFEV dividend yield comparison.

YearVTESDFEV
20261.12%0.08%
20252.77%2.69%
20242.99%3.17%
20232.03%3.47%
20220.00%3.35%

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