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

Average annual returns

Through 2025
1 year
3.72%
3 year
3.74%
5 year
0.79%
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.)
5.45%
Sharpe
0.55
Sortino
1.07
Max drawdown
-12.38%
Best month
6.07%
Worst month
-3.39%

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

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