VTES vs SPBO
Comparison between VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF ETF SHARES (VTES, ETF) and STATE STREET(R) SPDR PORTFOLIO CORPORATE BOND ETF (SPBO, ETF).
VTES vs SPBO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
VTES vs SPBO - Historical Returns
Returns include dividend reinvestment.
VTES vs SPBO - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | VTES | SPBO |
|---|---|---|
| 2026 | +0.61% | +0.35% |
| 2025 | +4.08% | +7.86% |
| 2024 | +2.02% | +3.11% |
| 2023 | +3.32% | +8.19% |
| 2022 | N/A | -14.96% |
| 2021 | N/A | -1.18% |
| 2020 | N/A | +9.91% |
| 2019 | N/A | +14.16% |
| 2018 | N/A | -1.58% |
| 2017 | N/A | +4.77% |
| 2016 | N/A | +4.43% |
| 2015 | N/A | -1.60% |
| 2014 | N/A | +8.40% |
| 2013 | N/A | -2.29% |
| 2012 | N/A | +7.92% |
| 2011 | N/A | +5.89% |
VTES vs SPBO Drawdown Comparison
The maximum drawdown for VTES was -2.42%, occurring on Oct 3, 2023. Recovery took 160 trading sessions.
The maximum drawdown for SPBO was -22.23%, occurring on Oct 20, 2022. Recovery took 1027 trading sessions.
The current VTES drawdown is -0.63%. The current SPBO drawdown is -1.28%.
| Rank | VTES | SPBO |
|---|---|---|
| #1 | -2.42% Apr 12, 2023 - Nov 29, 2023 | -22.23% Sep 22, 2021 - Oct 24, 2025 |
| #2 | -1.59% Apr 4, 2025 - Jun 11, 2025 | -20.04% Mar 6, 2020 - Jun 15, 2020 |
| #3 | -1.47% Feb 27, 2026 - Mar 24, 2026 | -9.01% May 1, 2013 - May 2, 2014 |
| #4 | -1.04% Mar 8, 2024 - Jul 8, 2024 | -5.59% Dec 31, 2020 - Jul 19, 2021 |
| #5 | -0.82% Dec 6, 2024 - Feb 4, 2025 | -5.09% Apr 24, 2015 - May 4, 2016 |
| #6 | -0.78% Feb 28, 2025 - Apr 4, 2025 | -4.45% Aug 23, 2016 - May 19, 2017 |
| #7 | -0.78% Oct 2, 2024 - Nov 29, 2024 | -4.17% Sep 8, 2017 - Jan 31, 2019 |
| #8 | -0.55% Dec 29, 2023 - Feb 1, 2024 | -3.44% Nov 1, 2011 - Jan 31, 2012 |
| #9 | -0.50% Sep 16, 2025 - Dec 18, 2025 | -3.13% Oct 21, 2014 - Jan 6, 2015 |
| #10 | -0.43% Feb 1, 2024 - Mar 6, 2024 | -2.86% Feb 26, 2026 - Mar 27, 2026 |
| #11 | -0.31% Mar 17, 2023 - Mar 22, 2023 | -2.76% Jan 30, 2015 - Apr 24, 2015 |
| #12 | -0.22% Feb 5, 2025 - Feb 21, 2025 | -2.75% Aug 6, 2020 - Nov 23, 2020 |
| #13 | -0.19% Aug 6, 2024 - Aug 14, 2024 | -2.62% Aug 28, 2014 - Oct 15, 2014 |
| #14 | -0.15% Aug 13, 2025 - Aug 22, 2025 | -2.50% Aug 28, 2019 - Nov 26, 2019 |
| #15 | -0.15% Jan 16, 2026 - Jan 23, 2026 | -2.18% Feb 1, 2012 - Apr 20, 2012 |
Correlation
Correlation between VTES and SPBO is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2011 - 2026)
VTES vs SPBO dividend yield comparison.
| Year | VTES | SPBO |
|---|---|---|
| 2026 | 1.12% | 2.13% |
| 2025 | 2.77% | 5.09% |
| 2024 | 2.99% | 5.28% |
| 2023 | 2.03% | 4.73% |
| 2022 | 0.00% | 3.54% |
| 2021 | 0.00% | 2.42% |
| 2020 | 0.00% | 2.75% |
| 2019 | 0.00% | 3.46% |
| 2018 | 0.00% | 3.60% |
| 2017 | 0.00% | 3.15% |
| 2016 | 0.00% | 3.35% |
| 2015 | 0.00% | 3.07% |
| 2014 | 0.00% | 3.21% |
| 2013 | 0.00% | 3.76% |
| 2012 | 0.00% | 3.70% |
| 2011 | 0.00% | 2.53% |
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