VTES vs NUV

Comparison between VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF ETF SHARES (VTES, ETF) and Nuveen Municipal Value Fund Inc (NUV, ETF).

VTES vs NUV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VTES(ETF)	NUV(ETF)
Net Assets	$1.90B	$1.90B
Expense Ratio	0.05%	N/A
Max Drawdown	3.63%	33.92%
Sharpe Ratio	0.25	0.97
5Y Beta	0.01	0.12
5Y Dividends CAGR	N/A	2.58%

Net Assets

VTES

$1.90B

NUV

$1.90B

Expense Ratio

VTES

0.05%

NUV

N/A

Max Drawdown

Winner

VTES

3.63%

NUV

33.92%

Sharpe Ratio

VTES

0.25

Winner

NUV

0.97

5Y Beta

Winner

VTES

0.01

NUV

0.12

5Y Dividends CAGR

VTES

N/A

NUV

2.58%

VTES vs NUV - Historical Returns

Returns include dividend reinvestment.

Period	VTES	NUV
1 month	+0.02%	+0.90%
3 months	-0.63%	+1.51%
6 months	+0.89%	+3.17%
1 year	+3.94%	+11.09%
5 years(CAGR)	N/A	-0.20%
10 years(CAGR)	N/A	+2.50%
Max(CAGR)	+3.07%	+4.84%

VTES

+0.02%

Winner

NUV

+0.90%

VTES

-0.63%

Winner

NUV

+1.51%

VTES

+0.89%

Winner

NUV

+3.17%

VTES

+3.94%

Winner

NUV

+11.09%

5Y(CAGR)

VTES

N/A

NUV

-0.20%

10Y(CAGR)

VTES

N/A

NUV

+2.50%

Max(CAGR)

VTES

+3.07%

Winner

NUV

+4.84%

VTES vs NUV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VTES	NUV
2026	+0.38%	+2.88%
2025	+4.08%	+9.25%
2024	+2.02%	+3.56%
2023	+3.32%	+2.79%
2022	N/A	-13.94%
2021	N/A	-3.67%
2020	N/A	+7.81%
2019	N/A	+17.97%
2018	N/A	-4.83%
2017	N/A	+10.10%
2016	N/A	-2.44%
2015	N/A	+9.91%
2014	N/A	+11.31%
2013	N/A	-8.62%
2012	N/A	+8.82%
2011	N/A	+13.18%
2010	N/A	-0.41%
2009	N/A	+11.52%
2008	N/A	-2.97%
2007	N/A	-4.18%
2006	N/A	+12.63%
2005	N/A	+11.40%
2004	N/A	+4.76%
2003	N/A	+6.25%
2002	N/A	+6.99%
2001	N/A	+9.72%
2000	N/A	+14.20%
1999	N/A	-8.03%

VTES vs NUV Drawdown Comparison

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

The maximum drawdown for NUV was -28.29%, occurring on Oct 26, 2023. This drawdown has not yet recovered.

The current VTES drawdown is -0.86%. The current NUV drawdown is -6.46%.

Rank	VTES	NUV
#1	-2.42% Apr 12, 2023 - Nov 29, 2023	-28.29% Aug 11, 2021 - Oct 26, 2023
#2	-1.59% Apr 4, 2025 - Jun 11, 2025	-23.00% Feb 25, 2020 - Oct 20, 2020
#3	-1.47% Feb 27, 2026 - Mar 24, 2026	-20.55% May 19, 2008 - Sep 9, 2009
#4	-1.04% Mar 8, 2024 - Jul 8, 2024	-14.71% Dec 6, 2012 - Jan 5, 2015
#5	-0.82% Dec 6, 2024 - Feb 4, 2025	-12.54% Jul 7, 2016 - Sep 14, 2017
#6	-0.78% Feb 28, 2025 - Apr 4, 2025	-11.19% Sep 28, 2010 - Sep 21, 2011
#7	-0.78% Oct 2, 2024 - Nov 29, 2024	-9.77% Mar 17, 2004 - Oct 29, 2004
#8	-0.55% Dec 29, 2023 - Feb 1, 2024	-9.49% Nov 1, 1999 - Jul 7, 2000
#9	-0.50% Sep 16, 2025 - Dec 18, 2025	-9.15% Mar 13, 2007 - Apr 1, 2008
#10	-0.43% Feb 1, 2024 - Mar 6, 2024	-8.45% Sep 14, 2017 - Mar 21, 2019
#11	-0.31% Mar 17, 2023 - Mar 22, 2023	-7.42% Feb 2, 2015 - Oct 23, 2015
#12	-0.22% Feb 5, 2025 - Feb 21, 2025	-6.81% Feb 9, 2021 - Jul 2, 2021
#13	-0.19% Aug 6, 2024 - Aug 14, 2024	-6.78% Aug 30, 2001 - Nov 8, 2001
#14	-0.15% Aug 13, 2025 - Aug 22, 2025	-6.27% Oct 1, 2002 - Mar 6, 2003
#15	-0.15% Jan 16, 2026 - Jan 23, 2026	-6.19% Mar 7, 2012 - Apr 30, 2012

Correlation

Correlation between VTES and NUV is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2000 - 2026)

VTES vs NUV dividend yield comparison.

Year	VTES	NUV
2026	0.90%	1.41%
2025	2.77%	4.30%
2024	2.99%	4.16%
2023	2.03%	3.94%
2022	0.00%	3.91%
2021	0.00%	3.41%
2020	0.00%	3.35%
2019	0.00%	3.48%
2018	0.00%	4.01%
2017	0.00%	3.99%
2016	0.00%	4.10%
2015	0.00%	3.95%
2014	0.00%	4.44%
2013	0.00%	4.97%
2012	0.00%	4.16%
2011	0.00%	5.04%
2010	0.00%	5.33%
2009	0.00%	4.50%
2008	0.00%	5.46%
2007	0.00%	5.34%
2006	0.00%	4.75%
2005	0.00%	5.06%
2004	0.00%	5.82%
2003	0.00%	5.60%
2002	0.00%	5.73%
2001	0.00%	5.62%
2000	0.00%	2.70%