VTEAX
VANGUARD TAX-EXEMPT BOND INDEX FUND
VANGUARD MUNICIPAL BOND FUNDS
ETFIndex fund

Average annual returns

Through 2025
1 year
3.66%
3 year
3.70%
5 year
0.75%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

Risk statistics

78 months through Jan. 31, 2026
Volatility (ann.)
5.46%
Sharpe
0.54
Sortino
1.05
Max drawdown
-12.44%
Best month
6.09%
Worst month
-3.40%

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

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