VTESVanguardINDEX
Vanguard Short-Term Tax-Exempt Bond ETF Shares
$100.14+0.50% vs prior close
9810352-WK
Price through Oct 22, 2026 · Flows through Oct 31, 2024. Figures use the latest available records, not a live quote. Fund details retrieved Oct 22, 2026. Holdings snapshot retrieved Oct 22, 2026.
The fund invests by sampling the index, meaning that it holds a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics.
VTES price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | VTES close |
|---|---|
| Jan 2, 2026 | $101.61 |
| Jan 5, 2026 | $101.74 |
| Jan 6, 2026 | $101.77 |
| Jan 7, 2026 | $101.86 |
| Jan 8, 2026 | $101.89 |
| Jan 9, 2026 | $102.00 |
| Jan 12, 2026 | $101.99 |
| Jan 13, 2026 | $101.93 |
| Jan 14, 2026 | $102.03 |
| Jan 15, 2026 | $102.07 |
| Jan 16, 2026 | $102.10 |
| Jan 20, 2026 | $101.95 |
| Jan 21, 2026 | $102.00 |
| Jan 22, 2026 | $102.03 |
| Jan 23, 2026 | $102.14 |
| Jan 26, 2026 | $102.17 |
| Jan 27, 2026 | $102.23 |
| Jan 28, 2026 | $102.26 |
| Jan 29, 2026 | $102.26 |
| Jan 30, 2026 | $102.32 |
| Feb 2, 2026 | $102.10 |
| Feb 3, 2026 | $102.17 |
| Feb 4, 2026 | $102.20 |
| Feb 5, 2026 | $102.33 |
| Feb 6, 2026 | $102.32 |
| Feb 9, 2026 | $102.34 |
| Feb 10, 2026 | $102.39 |
| Feb 11, 2026 | $102.41 |
| Feb 12, 2026 | $102.49 |
| Feb 13, 2026 | $102.49 |
| Feb 17, 2026 | $102.52 |
| Feb 18, 2026 | $102.53 |
| Feb 19, 2026 | $102.52 |
| Feb 20, 2026 | $102.45 |
| Feb 23, 2026 | $102.53 |
| Feb 24, 2026 | $102.53 |
| Feb 25, 2026 | $102.56 |
| Feb 26, 2026 | $102.63 |
| Feb 27, 2026 | $102.65 |
| Mar 2, 2026 | $102.29 |
| Mar 3, 2026 | $102.00 |
| Mar 4, 2026 | $102.01 |
| Mar 5, 2026 | $101.94 |
| Mar 6, 2026 | $101.88 |
| Mar 9, 2026 | $101.94 |
| Mar 10, 2026 | $101.90 |
| Mar 11, 2026 | $101.83 |
| Mar 12, 2026 | $101.69 |
| Mar 13, 2026 | $101.74 |
| Mar 16, 2026 | $101.72 |
| Mar 17, 2026 | $101.72 |
| Mar 18, 2026 | $101.67 |
| Mar 19, 2026 | $101.61 |
| Mar 20, 2026 | $101.24 |
| Mar 23, 2026 | $101.34 |
| Mar 24, 2026 | $100.91 |
| Mar 25, 2026 | $101.08 |
| Mar 26, 2026 | $100.93 |
| Mar 27, 2026 | $100.98 |
| Mar 30, 2026 | $101.03 |
| Mar 31, 2026 | $101.14 |
| Apr 1, 2026 | $101.08 |
| Apr 2, 2026 | $101.09 |
| Apr 6, 2026 | $101.08 |
| Apr 7, 2026 | $101.13 |
| Apr 8, 2026 | $101.31 |
| Apr 9, 2026 | $101.35 |
| Apr 10, 2026 | $101.29 |
| Apr 13, 2026 | $101.35 |
| Apr 14, 2026 | $101.33 |
| Apr 15, 2026 | $101.34 |
| Apr 16, 2026 | $101.30 |
| Apr 17, 2026 | $101.44 |
| Apr 20, 2026 | $101.42 |
| Apr 21, 2026 | $101.39 |
| Apr 22, 2026 | $101.37 |
| Apr 23, 2026 | $101.33 |
| Apr 24, 2026 | $101.38 |
| Apr 27, 2026 | $101.36 |
| Apr 28, 2026 | $101.32 |
| Apr 29, 2026 | $101.24 |
| Apr 30, 2026 | $101.29 |
| May 1, 2026 | $101.04 |
| May 4, 2026 | $101.03 |
| May 5, 2026 | $101.01 |
| May 6, 2026 | $101.07 |
| May 7, 2026 | $101.04 |
| May 8, 2026 | $101.08 |
| May 11, 2026 | $101.08 |
| May 12, 2026 | $101.00 |
| May 13, 2026 | $100.95 |
| May 14, 2026 | $100.92 |
| May 15, 2026 | $100.75 |
| May 18, 2026 | $100.76 |
| May 19, 2026 | $100.67 |
| May 20, 2026 | $100.77 |
| May 21, 2026 | $100.77 |
| May 22, 2026 | $100.84 |
| May 26, 2026 | $101.03 |
| May 27, 2026 | $101.09 |
| May 28, 2026 | $101.15 |
| May 29, 2026 | $101.21 |
| Jun 1, 2026 | $101.04 |
| Jun 2, 2026 | $101.10 |
| Jun 3, 2026 | $101.11 |
| Jun 4, 2026 | $101.16 |
| Jun 5, 2026 | $101.10 |
| Jun 8, 2026 | $101.13 |
| Jun 9, 2026 | $101.19 |
| Jun 10, 2026 | $101.09 |
| Jun 11, 2026 | $101.15 |
| Jun 12, 2026 | $101.12 |
| Jun 15, 2026 | $101.14 |
| Jun 16, 2026 | $101.14 |
| Jun 17, 2026 | $101.11 |
| Jun 18, 2026 | $101.21 |
| Jun 22, 2026 | $101.20 |
| Jun 23, 2026 | $101.21 |
| Jun 24, 2026 | $101.22 |
| Jun 25, 2026 | $101.31 |
| Jun 26, 2026 | $101.27 |
| Jun 29, 2026 | $101.29 |
| Jun 30, 2026 | $101.31 |
| Jul 1, 2026 | $101.13 |
| Jul 2, 2026 | $101.21 |
| Jul 6, 2026 | $101.21 |
| Jul 7, 2026 | $101.12 |
| Jul 8, 2026 | $101.06 |
| Jul 9, 2026 | $101.07 |
| Jul 10, 2026 | $101.12 |
| Jul 13, 2026 | $101.03 |
| Jul 14, 2026 | $101.08 |
| Jul 15, 2026 | $101.02 |
| Jul 16, 2026 | $100.95 |
| Jul 17, 2026 | $100.93 |
| Jul 20, 2026 | $100.91 |
| Jul 21, 2026 | $100.83 |
| Jul 22, 2026 | $100.71 |
| Jul 23, 2026 | $100.38 |
| Jul 24, 2026 | $100.48 |
| Jul 27, 2026 | $100.63 |
| Jul 28, 2026 | $100.66 |
| Jul 29, 2026 | $100.64 |
| Jul 30, 2026 | $100.64 |
| Jul 31, 2026 | $100.59 |
| Aug 3, 2026 | $100.44 |
| Aug 4, 2026 | $100.61 |
| Aug 5, 2026 | $100.69 |
| Aug 6, 2026 | $100.69 |
| Aug 7, 2026 | $100.81 |
| Aug 10, 2026 | $100.78 |
| Aug 11, 2026 | $100.79 |
| Aug 12, 2026 | $100.85 |
| Aug 13, 2026 | $100.95 |
| Aug 14, 2026 | $100.88 |
| Aug 17, 2026 | $100.81 |
| Aug 18, 2026 | $100.81 |
| Aug 19, 2026 | $100.88 |
| Aug 20, 2026 | $100.84 |
| Aug 21, 2026 | $100.85 |
| Aug 24, 2026 | $100.87 |
| Aug 25, 2026 | $100.95 |
| Aug 26, 2026 | $100.92 |
| Aug 27, 2026 | $100.88 |
| Aug 28, 2026 | $100.77 |
| Aug 31, 2026 | $100.74 |
| Sep 1, 2026 | $100.36 |
| Sep 2, 2026 | $100.35 |
| Sep 3, 2026 | $100.29 |
| Sep 4, 2026 | $100.35 |
| Sep 8, 2026 | $100.30 |
| Sep 9, 2026 | $100.04 |
| Sep 10, 2026 | $99.72 |
| Sep 11, 2026 | $99.86 |
| Sep 14, 2026 | $99.81 |
| Sep 15, 2026 | $99.66 |
| Sep 16, 2026 | $99.61 |
| Sep 17, 2026 | $99.69 |
| Sep 18, 2026 | $99.51 |
| Sep 21, 2026 | $99.50 |
| Sep 22, 2026 | $99.30 |
| Sep 23, 2026 | $99.00 |
| Sep 24, 2026 | $98.68 |
| Sep 25, 2026 | $98.48 |
| Sep 28, 2026 | $98.16 |
| Sep 29, 2026 | $98.08 |
| Sep 30, 2026 | $98.60 |
| Oct 1, 2026 | $98.80 |
| Oct 2, 2026 | $98.69 |
| Oct 5, 2026 | $98.67 |
| Oct 6, 2026 | $98.70 |
| Oct 7, 2026 | $98.55 |
| Oct 8, 2026 | $98.75 |
| Oct 9, 2026 | $98.97 |
| Oct 12, 2026 | $99.03 |
| Oct 13, 2026 | $99.18 |
| Oct 14, 2026 | $99.18 |
| Oct 15, 2026 | $99.50 |
| Oct 16, 2026 | $99.59 |
| Oct 19, 2026 | $99.51 |
| Oct 20, 2026 | $99.60 |
| Oct 21, 2026 | $99.64 |
| Oct 22, 2026 | $100.14 |
The desk’s read
Recent fund-flow records are unavailable, while the price has returned -1.4% so far this year. At 0.070% a year it is not the cheapest way in — AGG has a reported fee of 0.03%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$491Massets under management
0.070%expense ratio · $7 per $10,000 a year
—net flow, trailing month
917Kavg daily volume, 30 days
0holdings
2023listed March 7, 2023 · beta 0.04
Sector weights
- Cash & Others100%
- Municipal98.98%
- Cash1.02%
- Corporate0.32%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Cash & Others | 100% |
| Municipal | 98.98% |
| Cash | 1.02% |
| Corporate | 0.32% |
Performance
| 1 week | +0.6% |
| 1 month | +0.9% |
| 3 months | -0.6% |
| 6 months | -1.3% |
| YTD | -1.4% |
| 1 year | -1.5% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The risk read
4%realized volatility, 30 days (annualized)
2%realized volatility, 1 year
-4.5%deepest fall from a peak, 1 year
-2.4%latest close versus that peak
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
14calls · latest snapshot
—puts · latest snapshot
—put/call ratio
653Kshares traded
The case against VTES
Due diligence cuts both ways. These funds sit on the same shelf and beat VTES on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16.4B | +$489M | -4bp on fee · 33× the assets · +$489M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $123.5B | +$2.3B | -2bp on fee · 252× the assets · +$2.3B in over the month | Head-to-head |
| SPTS State Street SPDR Portfolio Short Term Treasury ETF | 0.03% | $7.1B | +$1.4B | -4bp on fee · 15× the assets · +$1.4B in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.6B | +$412M | -3bp on fee · 38× the assets · +$412M in over the month | Head-to-head |
| MUB iShares National Muni Bond ETF | 0.05% | $48B | +$2B | -2bp on fee · 98× the assets · +$2B in over the month | Head-to-head |