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 +2.38% over the past year and −1.53% YTD, with dividends reinvested. Since Aug. 25, 2015, VTEB is down −7.67% in real purchasing-power return, or −0.73%/yr, and is currently −17.93% below its real total-return high on Feb. 10, 2021.

Data ending Thu Jul. 2, 2026

Tue 2015-08-25💬 to Thu 2026-07-02 YTD
Return
1 Year
Return
VTEB
×
−1.53%
2026-07-02
+2.38%
2026-07-02
Vanguard Tax-Exempt Bond Index Fund ETF Shares Exchange-Traded Fund

Returns

Tue 2015-08-25💬 to Thu 2026-07-02 Overall
Return
Exponential
Trendline
VTEB
×
−7.67%
−0.73%/yr
−1.49%/yr
(R2=0.437)
Vanguard Tax-Exempt Bond Index Fund ETF Shares Exchange-Traded Fund

Growth of $10,000

Tue 2015-08-25💬 to Thu 2026-07-02 Start
Value
End
Value
VTEB
×
$10,000.00
2015-08-25
$9,233.22
2026-07-02
Vanguard Tax-Exempt Bond Index Fund ETF Shares Exchange-Traded Fund

Annual Returns

Year VTEB
2026 (YTD) −1.53%
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 −1.85%
2015 +3.25%

Drawdowns

Tue 2015-08-25💬 to Thu 2026-07-02 Current
Drawdown
Worst
Drawdown
VTEB
×
−17.93%
from 2021-02-10 peak
−23.09%
2023-10-25
from 2021-02-10 peak
Vanguard Tax-Exempt Bond Index Fund ETF Shares Exchange-Traded Fund

Rolling Returns

Period ending Thu 2026-07-02 1
Year
2
Years
3
Years
5
Years
10
Years
VTEB
×
+2.38% +0.71%
+0.36%/yr
+0.76%
+0.25%/yr
−15.13%
−3.23%/yr
−12.47%
−1.32%/yr
Vanguard Tax-Exempt Bond Index Fund ETF Shares Exchange-Traded Fund