VTES vs VGSH
Comparison between VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF ETF SHARES (VTES, ETF) and VANGUARD SHORT-TERM TREASURY INDEX FUND ETF SHARES (VGSH, ETF).
VTES vs VGSH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
VTES vs VGSH - Historical Returns
Returns include dividend reinvestment.
VTES vs VGSH - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | VTES | VGSH |
|---|---|---|
| 2026 | +0.61% | +0.33% |
| 2025 | +4.08% | +5.09% |
| 2024 | +2.02% | +4.14% |
| 2023 | +3.32% | +4.23% |
| 2022 | N/A | -3.73% |
| 2021 | N/A | -0.64% |
| 2020 | N/A | +3.04% |
| 2019 | N/A | +3.56% |
| 2018 | N/A | +1.60% |
| 2017 | N/A | +0.45% |
| 2016 | N/A | +1.15% |
| 2015 | N/A | +0.44% |
| 2014 | N/A | +0.51% |
| 2013 | N/A | +0.34% |
| 2012 | N/A | +0.52% |
| 2011 | N/A | +1.48% |
| 2010 | N/A | +2.13% |
| 2009 | N/A | -0.52% |
VTES vs VGSH Drawdown Comparison
The maximum drawdown for VTES was -2.42%, occurring on Oct 3, 2023. Recovery took 160 trading sessions.
The maximum drawdown for VGSH was -5.70%, occurring on Oct 20, 2022. Recovery took 773 trading sessions.
The current VTES drawdown is -0.63%. The current VGSH drawdown is -0.41%.
| Rank | VTES | VGSH |
|---|---|---|
| #1 | -2.42% Apr 12, 2023 - Nov 29, 2023 | -5.70% Apr 20, 2021 - May 15, 2024 |
| #2 | -1.59% Apr 4, 2025 - Jun 11, 2025 | -1.09% Sep 7, 2017 - Nov 19, 2018 |
| #3 | -1.47% Feb 27, 2026 - Mar 24, 2026 | -0.97% Sep 24, 2024 - Jan 24, 2025 |
| #4 | -1.04% Mar 8, 2024 - Jul 8, 2024 | -0.94% Jul 5, 2016 - Jul 28, 2017 |
| #5 | -0.82% Dec 6, 2024 - Feb 4, 2025 | -0.88% Feb 27, 2026 - Mar 26, 2026 |
| #6 | -0.78% Feb 28, 2025 - Apr 4, 2025 | -0.83% Nov 3, 2010 - May 5, 2011 |
| #7 | -0.78% Oct 2, 2024 - Nov 29, 2024 | -0.74% Dec 1, 2009 - Jan 22, 2010 |
| #8 | -0.55% Dec 29, 2023 - Feb 1, 2024 | -0.73% Apr 30, 2025 - Jun 23, 2025 |
| #9 | -0.50% Sep 16, 2025 - Dec 18, 2025 | -0.72% Oct 14, 2015 - Feb 2, 2016 |
| #10 | -0.43% Feb 1, 2024 - Mar 6, 2024 | -0.65% Sep 4, 2019 - Oct 2, 2019 |
| #11 | -0.31% Mar 17, 2023 - Mar 22, 2023 | -0.60% Mar 2, 2010 - May 4, 2010 |
| #12 | -0.22% Feb 5, 2025 - Feb 21, 2025 | -0.53% Oct 15, 2014 - Jan 14, 2015 |
| #13 | -0.19% Aug 6, 2024 - Aug 14, 2024 | -0.48% Mar 9, 2020 - Mar 20, 2020 |
| #14 | -0.15% Aug 13, 2025 - Aug 22, 2025 | -0.47% Feb 11, 2016 - Apr 7, 2016 |
| #15 | -0.15% Jan 16, 2026 - Jan 23, 2026 | -0.47% Jan 15, 2015 - Apr 1, 2015 |
Correlation
Correlation between VTES and VGSH is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2009 - 2026)
VTES vs VGSH dividend yield comparison.
| Year | VTES | VGSH |
|---|---|---|
| 2026 | 1.12% | 1.56% |
| 2025 | 2.77% | 4.00% |
| 2024 | 2.99% | 4.18% |
| 2023 | 2.03% | 3.31% |
| 2022 | 0.00% | 1.15% |
| 2021 | 0.00% | 0.66% |
| 2020 | 0.00% | 1.74% |
| 2019 | 0.00% | 2.28% |
| 2018 | 0.00% | 1.79% |
| 2017 | 0.00% | 1.10% |
| 2016 | 0.00% | 0.84% |
| 2015 | 0.00% | 0.69% |
| 2014 | 0.00% | 0.46% |
| 2013 | 0.00% | 0.34% |
| 2012 | 0.00% | 0.52% |
| 2011 | 0.00% | 0.76% |
| 2010 | 0.00% | 0.78% |
| 2009 | 0.00% | 0.08% |
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