All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

VTEB: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

VTEB real return snapshot: after CPI-U inflation, VTEB returned +1.89% over the past year and −2.18% YTD, with dividends reinvested. Since Aug. 25, 2015, VTEB is down −8.28% in real purchasing-power return, or −0.78%/yr, and is currently −18.47% below its real total-return high on Feb. 10, 2021.

Data ending Fri Aug. 14, 2026

Growth of $10,000

Tue 2015-08-25💬 to Fri 2026-08-14 Overall
Return
Exponential
Trendline
VTEB
×
−8.28%
−0.78%/yr
−1.49%/yr
R2=0.444
Vanguard Tax-Exempt Bond Index Fund ETF Shares Exchange-Traded Fund

Growth of $10,000 Summary

Tue 2015-08-25💬 to Fri 2026-08-14 Start
Value
End
Value
VTEB
×
$10,000.00
2015-08-25
$9,172.48
2026-08-14

This Year’s Performance

through 2026-08-14

  YTD YoY
VTEB
×
−2.18% +1.89%

Drawdowns

  Current
Drawdown
Worst
Drawdown
VTEB
×
−18.47%
on 2026-08-14
from 2021-02-10 peak
−23.09%
on 2023-10-25
from 2021-02-10 peak

Rolling Returns

Period ending Fri 2026-08-14 1 yr 2 yr 3 yr 5 yr 10 yr
VTEB
×
+1.89% −1.50%
−0.75%/yr
+0.92%
+0.31%/yr
−15.34%
−3.28%/yr
−13.02%
−1.39%/yr

Annual Returns

Year VTEB
2026 (YTD) −2.18%
2025 +1.02%
2024 −1.53%
2023 +2.71%
2022 −13.58%
2021 −5.51%
2020 +3.78%
2019 +4.95%
2018 −0.84%
2017 +2.69%
2016 −1.86%
2015 +3.25%