VTES vs HDEF
Comparison between VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF ETF SHARES (VTES, ETF) and XTRACKERS MSCI EAFE HIGH DIVIDEND YIELD EQUITY ETF (HDEF, ETF).
VTES vs HDEF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
VTES vs HDEF - Historical Returns
Returns include dividend reinvestment.
VTES vs HDEF - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | VTES | HDEF |
|---|---|---|
| 2026 | +0.76% | +12.39% |
| 2025 | +4.08% | +33.36% |
| 2024 | +2.02% | +3.36% |
| 2023 | +3.32% | +17.51% |
| 2022 | N/A | -3.03% |
| 2021 | N/A | +6.01% |
| 2020 | N/A | -2.76% |
| 2019 | N/A | +25.44% |
| 2018 | N/A | -13.77% |
| 2017 | N/A | +9.90% |
| 2016 | N/A | +13.43% |
| 2015 | N/A | -4.66% |
VTES vs HDEF Drawdown Comparison
The maximum drawdown for VTES was -2.42%, occurring on Oct 3, 2023. Recovery took 160 trading sessions.
The maximum drawdown for HDEF was -36.42%, occurring on Mar 23, 2020. Recovery took 255 trading sessions.
The current VTES drawdown is -0.48%. The current HDEF drawdown is -0.28%.
| Rank | VTES | HDEF |
|---|---|---|
| #1 | -2.42% Apr 12, 2023 - Nov 29, 2023 | -36.42% Jan 2, 2020 - Jan 6, 2021 |
| #2 | -1.59% Apr 4, 2025 - Jun 11, 2025 | -23.69% Feb 9, 2022 - Apr 6, 2023 |
| #3 | -1.47% Feb 27, 2026 - Mar 24, 2026 | -17.55% Jan 22, 2018 - Oct 24, 2019 |
| #4 | -1.04% Mar 8, 2024 - Jul 8, 2024 | -14.95% Aug 18, 2015 - Aug 10, 2016 |
| #5 | -0.82% Dec 6, 2024 - Feb 4, 2025 | -11.15% Sep 26, 2024 - Mar 5, 2025 |
| #6 | -0.78% Feb 28, 2025 - Apr 4, 2025 | -10.60% Mar 18, 2025 - Apr 22, 2025 |
| #7 | -0.78% Oct 2, 2024 - Nov 29, 2024 | -9.31% Jun 15, 2021 - Jan 12, 2022 |
| #8 | -0.55% Dec 29, 2023 - Feb 1, 2024 | -8.79% Jul 26, 2023 - Dec 13, 2023 |
| #9 | -0.50% Sep 16, 2025 - Dec 18, 2025 | -8.02% Feb 27, 2026 - Jul 17, 2026 |
| #10 | -0.43% Feb 1, 2024 - Mar 6, 2024 | -6.39% May 8, 2023 - Jun 15, 2023 |
| #11 | -0.31% Mar 17, 2023 - Mar 22, 2023 | -5.63% Dec 9, 2016 - Jan 10, 2017 |
| #12 | -0.22% Feb 5, 2025 - Feb 21, 2025 | -5.46% Dec 27, 2023 - Mar 20, 2024 |
| #13 | -0.19% Aug 6, 2024 - Aug 14, 2024 | -4.72% Jan 8, 2021 - Mar 16, 2021 |
| #14 | -0.15% Aug 13, 2025 - Aug 22, 2025 | -4.35% Nov 2, 2017 - Jan 9, 2018 |
| #15 | -0.15% Jan 16, 2026 - Jan 23, 2026 | -4.24% May 17, 2024 - Jul 12, 2024 |
Correlation
Correlation between VTES and HDEF is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2015 - 2026)
VTES vs HDEF dividend yield comparison.
| Year | VTES | HDEF |
|---|---|---|
| 2026 | 1.56% | 2.52% |
| 2025 | 2.77% | 3.88% |
| 2024 | 2.99% | 4.53% |
| 2023 | 2.03% | 4.38% |
| 2022 | 0.00% | 5.41% |
| 2021 | 0.00% | 4.76% |
| 2020 | 0.00% | 3.93% |
| 2019 | 0.00% | 4.20% |
| 2018 | 0.00% | 3.55% |
| 2017 | 0.00% | 3.38% |
| 2016 | 0.00% | 9.52% |
| 2015 | 0.00% | 1.87% |
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