Vanguard Tax-Exempt Bond ETF

Vanguard Tax-Exempt Bond ETF

About

Vanguard Tax-Exempt Bond ETF (US9229077469) is a US-listed bond ETF tracking the S&P National AMT-Free Muni Bond Idx. With a expense ratio of 0.03%, it ranks among the lowest-cost options in its category, paying distributions. The fund holds 500 positions with 44.8B in assets.

ISIN
Fund Size $44.8B
Issuer Vanguard
Distribution Pays Distributions
Replication Physical
Inception Aug 2015
Base Currency USD
Index S&P National AMT-Free Muni Bond Idx
Asset Class Bonds
Category Us Bond

Costs

9.2
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
Expense Ratio0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

6.4
This fund holds 500 individual investments, offering moderate diversification compared to other ETFs.
#1
US645790VZ67
0.15%
#2
US91412HWH29
0.12%
#3
US89602HJC25
0.11%
#4
US645790VW37
0.11%
#5
US13062TH729
0.10%
#6
US19672MDH88
0.10%
#7
US87638QSL40
0.10%
#8
US45470YHL83
0.09%
#9
US64972JJQ22
0.09%
#10
US67766WV741
0.08%

Sectors

Allocation by industry sector.

Regions

Geographic allocation by country of risk.

Nerd Stuff

Advanced risk and return metrics (2023-06-30 — 2026-06-18).
21.1%
Volatility
-5.6%
Max Drawdown
0.03
Sharpe Ratio
0.04
Sortino Ratio
0.09
Calmar Ratio
0.33
Beta
-9.18%
Alpha (Jensen's)
0.350
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

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