VTES vs PWB
Comparison between VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF ETF SHARES (VTES, ETF) and INVESCO LARGE CAP GROWTH ETF (PWB, ETF).
VTES vs PWB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VTES
$1.90B
PWB
$1.90B
Expense Ratio
Winner
VTES
0.05%
PWB
0.55%
Max Drawdown
Winner
VTES
3.63%
PWB
52.98%
Sharpe Ratio
VTES
-0.02
Winner
PWB
2.03
5Y Beta
Winner
VTES
0.01
PWB
1.17
P/E Ratio
VTES
N/A
PWB
42.64
Forward P/E
VTES
N/A
PWB
28.70
PEG Ratio
VTES
N/A
PWB
0.44
5Y Dividends CAGR
VTES
N/A
PWB
-25.19%
5Y EPS CAGR
VTES
N/A
PWB
27.49%
Debt to Equity
VTES
N/A
PWB
48.55%
P/S Ratio
VTES
N/A
PWB
5.25
P/B Ratio
VTES
N/A
PWB
11.68
VTES vs PWB - Historical Returns
Returns include dividend reinvestment.
1M
VTES
+0.22%
Winner
PWB
+10.30%
3M
VTES
-0.56%
Winner
PWB
+20.03%
6M
VTES
+1.00%
Winner
PWB
+28.74%
1Y
VTES
+3.66%
Winner
PWB
+45.83%
5Y(CAGR)
VTES
N/A
PWB
+18.25%
10Y(CAGR)
VTES
N/A
PWB
+18.40%
Max(CAGR)
VTES
+3.08%
Winner
PWB
+12.44%
VTES vs PWB - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | VTES | PWB |
|---|---|---|
| 2026 | +0.55% | +26.07% |
| 2025 | +4.08% | +24.92% |
| 2024 | +2.02% | +33.11% |
| 2023 | +3.32% | +32.25% |
| 2022 | N/A | -25.87% |
| 2021 | N/A | +20.63% |
| 2020 | N/A | +31.03% |
| 2019 | N/A | +24.71% |
| 2018 | N/A | +0.24% |
| 2017 | N/A | +29.93% |
| 2016 | N/A | +5.00% |
| 2015 | N/A | +7.96% |
| 2014 | N/A | +14.05% |
| 2013 | N/A | +33.83% |
| 2012 | N/A | +17.97% |
| 2011 | N/A | -0.70% |
| 2010 | N/A | +12.60% |
| 2009 | N/A | +30.14% |
| 2008 | N/A | -41.42% |
| 2007 | N/A | +12.42% |
| 2006 | N/A | +3.53% |
| 2005 | N/A | +6.67% |
VTES vs PWB Drawdown Comparison
The maximum drawdown for VTES was -2.42%, occurring on Oct 3, 2023. Recovery took 160 trading sessions.
The maximum drawdown for PWB was -52.58%, occurring on Mar 9, 2009. Recovery took 1121 trading sessions.
The current VTES drawdown is -0.68%.
| Rank | VTES | PWB |
|---|---|---|
| #1 | -2.42% Apr 12, 2023 - Nov 29, 2023 | -52.58% Oct 12, 2007 - Mar 26, 2012 |
| #2 | -1.59% Apr 4, 2025 - Jun 11, 2025 | -32.36% Feb 19, 2020 - Jul 2, 2020 |
| #3 | -1.47% Feb 27, 2026 - Mar 24, 2026 | -31.41% Dec 27, 2021 - Jan 24, 2024 |
| #4 | -1.04% Mar 8, 2024 - Jul 8, 2024 | -22.10% Feb 18, 2025 - Jun 2, 2025 |
| #5 | -0.82% Dec 6, 2024 - Feb 4, 2025 | -20.50% Oct 1, 2018 - Apr 5, 2019 |
| #6 | -0.78% Feb 28, 2025 - Apr 4, 2025 | -13.94% Jul 20, 2015 - Jul 8, 2016 |
| #7 | -0.78% Oct 2, 2024 - Nov 29, 2024 | -13.46% Feb 12, 2021 - Apr 15, 2021 |
| #8 | -0.55% Dec 29, 2023 - Feb 1, 2024 | -12.18% Apr 6, 2006 - Dec 11, 2006 |
| #9 | -0.50% Sep 16, 2025 - Dec 18, 2025 | -12.11% Jan 29, 2026 - Apr 13, 2026 |
| #10 | -0.43% Feb 1, 2024 - Mar 6, 2024 | -10.04% Jul 16, 2024 - Sep 19, 2024 |
| #11 | -0.31% Mar 17, 2023 - Mar 22, 2023 | -9.98% Jan 26, 2018 - May 21, 2018 |
| #12 | -0.22% Feb 5, 2025 - Feb 21, 2025 | -9.63% Sep 2, 2020 - Nov 5, 2020 |
| #13 | -0.19% Aug 6, 2024 - Aug 14, 2024 | -9.53% May 2, 2012 - Sep 6, 2012 |
| #14 | -0.15% Aug 13, 2025 - Aug 22, 2025 | -9.16% Jul 17, 2007 - Sep 21, 2007 |
| #15 | -0.15% Jan 16, 2026 - Jan 23, 2026 | -8.75% Oct 29, 2025 - Jan 6, 2026 |
Correlation
Correlation between VTES and PWB is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2005 - 2026)
VTES vs PWB dividend yield comparison.
| Year | VTES | PWB |
|---|---|---|
| 2026 | 1.12% | 0.00% |
| 2025 | 2.77% | 0.00% |
| 2024 | 2.99% | 0.08% |
| 2023 | 2.03% | 0.37% |
| 2022 | 0.00% | 0.31% |
| 2021 | 0.00% | 0.04% |
| 2020 | 0.00% | 0.21% |
| 2019 | 0.00% | 0.58% |
| 2018 | 0.00% | 0.97% |
| 2017 | 0.00% | 0.54% |
| 2016 | 0.00% | 0.82% |
| 2015 | 0.00% | 0.67% |
| 2014 | 0.00% | 0.43% |
| 2013 | 0.00% | 0.42% |
| 2012 | 0.00% | 1.12% |
| 2011 | 0.00% | 0.89% |
| 2010 | 0.00% | 0.64% |
| 2009 | 0.00% | 0.60% |
| 2008 | 0.00% | 0.71% |
| 2007 | 0.00% | 0.19% |
| 2006 | 0.00% | 0.12% |
| 2005 | 0.00% | 0.02% |
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