Vanguard Short-Term Tax Exempt Bond ETF

Price: $98.98
Change: $0.33 (-0.0%)
Category: n/a
Last Updated:


Issuer Vanguard
Brand Vanguard
Expense Ratio 0.07%
Inception Mar 09, 2023

Analyst Report


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ETF Database Themes

Category n/a
Asset Class Bond

FactSet Classifications

Segment Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Intermediate
Category Government, Local Authority/Municipal
Focus Investment Grade
Niche Intermediate
Strategy Vanilla
Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $98.82
  • 52 Week Hi $100.90
  • AUM $228.2 M
  • Shares 2.3 M

Historical Trading Data

  • 1 Month Avg. Volume 22,562
  • 3 Month Avg. Volume 20,512

Alternative ETFs in the ETF Database n/a Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GCAD 0.00% $3.7 M 618 N/A
Largest (AUM) DFAS 0.26% $5.7 B 240,895 3.48%
Most Liquid (Volume) TSLY 0.99% $668.2 M 2 M 47.17%
Top YTD Performer MAXI 0.97% $22.0 M 3,172 56.75%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Intermediate Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest DFNM 0.17% $961.3 M 109,514 -1.00%
Largest (AUM) ITM 0.24% $1.7 B 208,600 -0.99%
Most Liquid (Volume) ITM 0.24% $1.7 B 208,600 -0.99%
Top YTD Performer MNBD 0.50% $30.4 M 511 0.38%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

VTES ETF Database Category Average FactSet Segment Average
Number of Holdings 1500 N/A 784
% of Assets in Top 10 4.71% N/A 10.73%
% of Assets in Top 15 6.58% N/A 14.58%
% of Assets in Top 50 17.23% N/A 34.95%

Size Comparison

VTES ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

VTES Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

VTES Dividend

This section compares the dividend yield of this ETF to its peers.

VTES ETF Database Category Average FactSet Segment Average
Dividend $ 0.22 N/A $ 0.08
Dividend Date 2023-09-01 N/A N/A
Annual Dividend Rate $ 1.17 N/A $ 0.74
Annual Dividend Yield 1.18% N/A 2.30%

VTES Price and Volume Charts

View charts featuring VTES price and volume data.

VTES Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 17.39 M 1 Month Net Flows: 37.33 M 3 Month Net Flows: 64.82 M 6 Month Net Flows: 165.99 M 1 Year Net Flows: 181.13 M 3 Year Net Flows: 181.13 M 5 Year Net Flows: 181.13 M 10 Year Net Flows: 181.13 M

VTES Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 16.52 M
1 Month Net AUM Change: 38.84 M
3 Month Net AUM Change: 62.5 M
6 Month Net AUM Change: 172.69 M
1 Year Net AUM Change: 182.85 M
3 Year Net AUM Change: 182.85 M
5 Year Net AUM Change: 182.85 M
10 Year Net AUM Change: 182.85 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for VTES on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the n/a with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- n/a
Expenses A n/a

A+ Overall Rated ETF:

VTES Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

VTES does not have an ESG score. There are no ESG themes that map to this ETF.

VTES Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

VTES ETF Database
Category Average
Factset Segment
1 Month Return -0.60% -0.80% -1.31%
3 Month Return -0.86% -1.11% -2.33%
YTD Return N/A 3.33% -0.36%
1 Year Return N/A 2.89% 2.02%
3 Year Return N/A 0.10% -1.15%
5 Year Return N/A 0.03% 0.25%

Geographic Exposure

The following charts reflect the geographic spread of VTES's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of VTES's underlying holdings.

Asset Percentage
Municipal 99.33%
CASH 0.82%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Municipal 99.33%
CASH 0.82%

VTES Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 1.10%
20 Day Volatility 1.50%
50 Day Volatility 1.42%
200 Day Volatility 1.65%
Beta 0.0
Standard Deviation N/A
5 Day Volatility
413 of 431

20 Day Volatility
378 of 401

50 Day Volatility
332 of 347

200 Day Volatility
250 of 262

No Ranking Available

Standard Deviation
No Ranking Available


  • 20 Day MA $99.62
  • 60 Day MA $99.77
  • MACD 15 Period -0.63
  • MACD 100 Period -0.73
  • Williams % Range 10 Day 100.00
  • Williams % Range 20 Day 100.00
  • RSI 10 Day 12
  • RSI 20 Day 26
  • RSI 30 Day 34
  • Ultimate Oscillator 25

Bollinger Bands

  • Lower Bollinger (10 Day) $99.14
  • Upper Bollinger (10 Day) $99.98
  • Lower Bollinger (20 Day) $99.29
  • Upper Bollinger (20 Day) $99.96
  • Lower Bollinger (30 Day) $99.34
  • Upper Bollinger (30 Day) $99.93

Support & Resistance

  • Support Level 1 $98.89
  • Support Level 2 $98.80
  • Resistance Level 1 $99.16
  • Resistance Level 2 $99.34


  • Stochastic Oscillator %D (1 Day) 13.04
  • Stochastic Oscillator %D (5 Day) 7.86
  • Stochastic Oscillator %K (1 Day) 23.10
  • Stochastic Oscillator %K (5 Day) 17.02


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.04
  • Maximum Premium Discount (%) 0.36
  • Average Spread (%) 3.91
  • Average Spread ($) 3.91

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the VTES ETF home page for more information.

Data Lineage

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