FMB vs VTEB
First Trust Managed Municipal ETF against Vanguard Tax-Exempt Bond Index Fund: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
1%
71 shared positions
Fee gap
36 bp
VTEB is cheaper
1-year return gap
0.1 pts
VTEB is ahead
Larger fund
VTEB
$50.4B
Side by side
| FMB | VTEB | |
|---|---|---|
| Fund | First Trust Managed Municipal ETF | Vanguard Tax-Exempt Bond Index Fund |
| Issuer | First Trust | Vanguard |
| Category | National Muni | National Muni |
| Expense ratio | 0.39% | 0.03% |
| Assets | $1.9B | $50.4B |
| Average daily dollar volume | $30M | $1.6B |
| Listed | May 13, 2014 | Aug 21, 2015 |
| FrenzyCap score | 63 | 100 |
| 1-month return | −0.8% | −0.6% |
| 3-month return | −3.9% | −3.7% |
| Year to date | −4.9% | −4.6% |
| 1-year return | −5.1% | −5.0% |
| 30-day volatility | 6.8% | 6.7% |
| Worst drawdown, 1 year | −8.6% | −8.2% |
| Trailing 12-month yield | 3.80% | 3.54% |
| Holdings | 1,252 | 11,156 |
| Top 10 weight | 5.2% | 1.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$69M thru Jul 2026 | +$3.6B thru Jul 2026 |
| 30-day implied volatility | — | 5.7% |
| Holdings as of | as of Oct 19, 2026issuer data | as of Sep 30, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
8% of FMB · 1% of VTEB| Holding | FMB | VTEB |
|---|---|---|
| HARRIS CNTY TX CULTURAL EDU FACS FIN CORP Variable rate, due 07/01/2056 | 0.19% | 0.08% |
| ILLINOIS ST 5%, due 11/01/2029 | 0.24% | 0.07% |
| SALT RIVER AZ PROJ AGRIC IMPT & PWR DIST 5%, due 01/01/2051 | 0.08% | 0.04% |
| ILLINOIS ST 5.50%, due 03/01/2047 | 0.09% | 0.03% |
| NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5.25%, due 06/15/2050 | 0.16% | 0.03% |
| HARRIS CNTY-HOUSTON TX SPORTS AUTH 5%, due 11/15/2038 | 0.11% | 0.03% |
| GREAT LAKES MI WTR AUTH WTR SPLY SYS 5%, due 07/01/2043 | 0.05% | 0.02% |
| WASHINGTON ST 5%, due 08/01/2041 | 0.27% | 0.02% |
| TEXAS ST TRANSPRTN COMMN CENTRAL TX TPK SYS 5%, due 08/15/2036 | 0.11% | 0.02% |
| NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5.25%, due 06/15/2041 | 0.05% | 0.02% |
| UNIV OF TEXAS TX UNIV REVENUES 5%, due 08/15/2043 | 0.32% | 0.02% |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH REV Variable rate, due 08/01/2045 | 0.08% | 0.02% |
| MASSACHUSETTS ST DEV FIN AGY REV Variable rate, due 11/01/2055 | 0.14% | 0.02% |
| SAN ANTONIO TX ELEC & GAS REV 5.25%, due 02/01/2049 | 0.06% | 0.01% |
| TEXAS ST TRANSPRTN COMMN CENTRAL TX TPK SYS 5%, due 08/15/2038 | 0.08% | 0.01% |
| MET GOVT NASHVILLE & DAVIDSON CNTY TN 5.25%, due 05/01/2048 | 0.05% | 0.01% |
| TEXAS ST WTR DEV BRD 5%, due 04/15/2030 | 0.04% | 0.01% |
| NEW YORK ST THRUWAY AUTH 5%, due 03/15/2040 | 0.12% | 0.01% |
| N TX TOLLWAY AUTH REVENUE 5.25%, due 01/01/2038 | 0.06% | 0.01% |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 5.25%, due 08/01/2040 | 0.21% | 0.01% |
| HUDSON YARDS INFRASTRUCTURE CORP NY 5%, due 02/15/2037 | 0.03% | 0.01% |
| INTERMOUNTAIN PWR AGY UT PWR SPLY REV 5%, due 07/01/2040 | 0.16% | 0.01% |
| ILLINOIS ST 5.25%, due 05/01/2038 | 0.04% | 0.01% |
| MASSACHUSETTS ST 5%, due 12/01/2043 | 0.05% | 0.01% |
| INDIANA ST MUNI PWR AGY 5%, due 01/01/2042 | 0.03% | 0.01% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · FMB holdings · VTEB holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.