VTES vs TAGG
Comparison between VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF ETF SHARES (VTES, ETF) and T. ROWE PRICE QM U.S. BOND ETF (TAGG, ETF).
VTES vs TAGG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VTES
$1.90B
TAGG
$1.90B
Expense Ratio
Winner
VTES
0.05%
TAGG
0.08%
Max Drawdown
Winner
VTES
3.63%
TAGG
21.31%
Sharpe Ratio
VTES
-0.09
Winner
TAGG
0.14
5Y Beta
Winner
VTES
0.01
TAGG
0.02
VTES vs TAGG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
VTES
+0.31%
TAGG
-0.21%
3M
Winner
VTES
-0.17%
TAGG
-1.09%
6M
Winner
VTES
+1.02%
TAGG
+0.28%
1Y
VTES
+3.46%
Winner
TAGG
+4.53%
5Y(CAGR)
VTES
N/A
TAGG
+0.18%
Max(CAGR)
Winner
VTES
+3.08%
TAGG
+0.18%
VTES vs TAGG - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | VTES | TAGG |
|---|---|---|
| 2026 | +0.61% | -0.08% |
| 2025 | +4.08% | +7.35% |
| 2024 | +2.02% | +2.10% |
| 2023 | +3.32% | +5.30% |
| 2022 | N/A | -12.04% |
| 2021 | N/A | +0.01% |
VTES vs TAGG Drawdown Comparison
The maximum drawdown for VTES was -2.42%, occurring on Oct 3, 2023. Recovery took 160 trading sessions.
The maximum drawdown for TAGG was -17.27%, occurring on Oct 20, 2022. Recovery took 987 trading sessions.
The current VTES drawdown is -0.63%. The current TAGG drawdown is -2.26%.
| Rank | VTES | TAGG |
|---|---|---|
| #1 | -2.42% Apr 12, 2023 - Nov 29, 2023 | -17.27% Nov 9, 2021 - Oct 16, 2025 |
| #2 | -1.59% Apr 4, 2025 - Jun 11, 2025 | -3.19% Feb 27, 2026 - May 19, 2026 |
| #3 | -1.47% Feb 27, 2026 - Mar 24, 2026 | -1.08% Oct 27, 2025 - Nov 26, 2025 |
| #4 | -1.04% Mar 8, 2024 - Jul 8, 2024 | -1.01% Oct 1, 2021 - Nov 5, 2021 |
| #5 | -0.82% Dec 6, 2024 - Feb 4, 2025 | -0.88% Nov 26, 2025 - Jan 14, 2026 |
| #6 | -0.78% Feb 28, 2025 - Apr 4, 2025 | -0.62% Jan 14, 2026 - Feb 5, 2026 |
| #7 | -0.78% Oct 2, 2024 - Nov 29, 2024 | -0.21% Nov 5, 2021 - Nov 9, 2021 |
| #8 | -0.55% Dec 29, 2023 - Feb 1, 2024 | -0.19% Oct 22, 2025 - Oct 27, 2025 |
| #9 | -0.50% Sep 16, 2025 - Dec 18, 2025 | -0.17% Feb 10, 2026 - Feb 12, 2026 |
| #10 | -0.43% Feb 1, 2024 - Mar 6, 2024 | -0.15% Feb 17, 2026 - Feb 23, 2026 |
| #11 | -0.31% Mar 17, 2023 - Mar 22, 2023 | -0.14% Feb 6, 2026 - Feb 10, 2026 |
| #12 | -0.22% Feb 5, 2025 - Feb 21, 2025 | -0.07% Feb 23, 2026 - Feb 26, 2026 |
| #13 | -0.19% Aug 6, 2024 - Aug 14, 2024 | -0.07% Oct 16, 2025 - Oct 20, 2025 |
| #14 | -0.15% Aug 13, 2025 - Aug 22, 2025 | N/A |
| #15 | -0.15% Jan 16, 2026 - Jan 23, 2026 | N/A |
Correlation
Correlation between VTES and TAGG is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2021 - 2026)
VTES vs TAGG dividend yield comparison.
| Year | VTES | TAGG |
|---|---|---|
| 2026 | 1.12% | 1.87% |
| 2025 | 2.77% | 4.36% |
| 2024 | 2.99% | 4.36% |
| 2023 | 2.03% | 3.48% |
| 2022 | 0.00% | 3.67% |
| 2021 | 0.00% | 0.33% |
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