# VTES (Vanguard Short-Term Tax-Exempt Bond ETF)

Vanguard · Bond ETFs · Municipal, national, short · data as of Oct 2, 2026

VTES tracks an index and returned −0.3% over the past year.

## Key facts

- VTES, total return, 1 year: −0.3%, as of Oct 2, 2026.
- VTES, expense ratio: 0.05%, as of Oct 2, 2026.
- VTES, holdings: 3444, as of Oct 2, 2026.
- VTES, below its high: −2.2%, as of Oct 2, 2026.
- VTES, net assets: $3.6bn (the issuer’s own figure for this ETF, month end, as of Sep 30, 2026).

## VTES over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −1.9% | +3.6% | −5.5 pts | −7.2 pts |
| 6 months | −1.1% | +17.9% | −19.1 pts | −29.5 pts |
| 1 year | −0.3% | +16.2% | −16.5 pts | −24.6 pts |
| 3 years | +9.3% | +89.3% | −80.0 pts | −105.5 pts |
| Since listing | +8.6% | +106.1% | −97.5 pts | −153.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | not read by ETFIQ | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal, national, short | ETFIQ |
| Expense ratio | 0.05% | 485BPOS XBRL, Mar 27, 2026 |
| Price | $98.69 | ETFIQ |
| Listed since | Mar 9, 2023 | ETFIQ |
| Net assets | $3.6bn | the issuer’s own figure for this ETF, month end, as of Sep 30, 2026 |
| Below its high | −2.2% | ETFIQ |
| Holdings | 3444 | ETFIQ |
| Top ten weight | 8.7% | ETFIQ |
| Holdings as of | Aug 31, 2026 | the issuer’s month-end file |

## Questions

### How has VTES performed?

Over the year to Oct 2, 2026, VTES returned −0.3% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +9.3%.

### What does VTES cost?

The prospectus expense ratio is 0.05% a year.

### How far is VTES below its high?

2.2% below its high of Feb 27, 2026, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, VTES, data as of Oct 2, 2026. https://etfiq.com/funds/vtes
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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