(VTES) Vanguard Short-Term - Ratings and Ratios
Municipal Bonds, Short-Term, High-Credit, Tax-Exempt
Description: VTES Vanguard Short-Term
The Vanguard Short-Term Tax-Exempt Bond ETF (VTES) is a US-based ETF categorized under Muni National Short, investing in a diversified portfolio of short-term municipal bonds. Its primary objective is to provide investors with a regular income stream while minimizing tax liabilities.
Key Performance Indicators (KPIs) for VTES include its yield, duration, and credit quality. A shorter duration typically reduces the funds sensitivity to interest rate fluctuations. The ETFs tax-exempt status is particularly beneficial for investors in higher tax brackets, as it helps to maximize after-tax returns.
Economic drivers influencing VTES include interest rate movements, municipal bond market conditions, and the overall creditworthiness of the issuers in its portfolio. Changes in monetary policy, particularly those announced by the Federal Reserve, can significantly impact short-term interest rates and, consequently, the attractiveness of short-term municipal bonds.
Investors in VTES should monitor the funds expense ratio, as lower fees can contribute to higher net returns over time. Additionally, the ETFs liquidity, as reflected in its average trading volume, is crucial for investors seeking to enter or exit positions without significantly affecting the market price.
The funds Assets Under Management (AUM) of $1.285 billion indicates a reasonable scale, potentially allowing for more efficient management and lower costs. However, investors should remain vigilant about the funds composition and ensure it aligns with their investment objectives and risk tolerance.
VTES ETF Overview
| Market Cap in USD | 1,299m |
| Category | Muni National Short |
| TER | 0.07% |
| IPO / Inception | 2023-03-08 |
VTES ETF Ratings
| Growth Rating | 68.9% |
| Fundamental | - |
| Dividend Rating | 54.4% |
| Return 12m vs S&P 500 | -12.7% |
| Analyst Rating | - |
VTES Dividends
| Dividend Yield 12m | 2.88% |
| Yield on Cost 5y | 3.08% |
| Annual Growth 5y | 20.70% |
| Payout Consistency | 100.0% |
| Payout Ratio | % |
VTES Growth Ratios
| Growth Correlation 3m | 99.2% |
| Growth Correlation 12m | 85% |
| Growth Correlation 5y | 94.1% |
| CAGR 5y | 3.37% |
| CAGR/Max DD 5y | 1.39 |
| Sharpe Ratio 12m | 0.42 |
| Alpha | -0.26 |
| Beta | -0.045 |
| Volatility | 1.42% |
| Current Volume | 64.5k |
| Average Volume 20d | 66.3k |
| Stop Loss | 98.6 (-3%) |
| Signal | 0.61 |
What is the price of VTES shares?
Over the past week, the price has changed by +0.02%, over one month by +0.23%, over three months by +1.98% and over the past year by +3.30%.
Is Vanguard Short-Term a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of VTES is around 98.32 USD . This means that VTES is currently overvalued and has a potential downside of -3.31%.
Is VTES a buy, sell or hold?
What are the forecasts/targets for the VTES price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 107 | 5.2% |
Last update: 2025-08-23 04:53
VTES Fundamental Data Overview
CCE Cash And Equivalents = unknown
Revenue TTM is 0, using Net Income TTM 0.0 + Cost of Revenue 0.0 = 0.0 USD
Beta = 0.0
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.30b USD (1.30b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = none (FCF TTM 0.0 / Enterprise Value 1.30b)
FCF Margin = unknown (Revenue TTM is 0)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.30b / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default)
NOPAT = 0.0 (EBIT 0.0, no tax applied on loss)
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown Debt (none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = none (Debt none / FCF TTM 0.0)
Total Stockholder Equity = unknown
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity none)
RoCE = unknown (Ebit 0.0 / (Equity none + L.T.Debt none))
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, Ebit 0.0)
WACC = unknown (E(1.30b)/V(0.0) * Re(5.85%)) + (D(none)/V(0.0) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 5.85% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for VTES ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle