GMUB vs VTEB
Goldman Sachs Municipal Income 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%
87 shared positions
Fee gap
15 bp
VTEB is cheaper
1-year return gap
1.9 pts
GMUB is ahead
Larger fund
VTEB
$50.4B
Side by side
| GMUB | VTEB | |
|---|---|---|
| Fund | Goldman Sachs Municipal Income ETF | Vanguard Tax-Exempt Bond Index Fund |
| Issuer | Goldman Sachs | Vanguard |
| Category | National Muni | National Muni |
| Expense ratio | 0.18% | 0.03% |
| Assets | $638M | $50.4B |
| Average daily dollar volume | $19M | $1.6B |
| Listed | Jul 23, 2024 | Aug 21, 2015 |
| FrenzyCap score | 76 | 100 |
| 1-month return | −0.2% | −0.4% |
| 3-month return | −2.1% | −3.0% |
| Year to date | −3.2% | −4.5% |
| 1-year return | −3.1% | −5.0% |
| 30-day volatility | 5.5% | 6.5% |
| Worst drawdown, 1 year | −7.0% | −8.2% |
| Trailing 12-month yield | 3.48% | 3.54% |
| Holdings | 906 | 11,156 |
| Top 10 weight | 10.6% | 1.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$78M thru May 2026 | +$3.6B thru Jul 2026 |
| 30-day implied volatility | — | 6.2% |
| Holdings as of | as of Oct 20, 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
12% of GMUB · 1% of VTEB| Holding | GMUB | VTEB |
|---|---|---|
| STATE OF ILLINOIS 5%, due Nov 1, 2029 | 0.37% | 0.07% |
| ALABAMA TOLL ROAD, BRIDGE 5%, due Oct 1, 2032 | 0.16% | 0.06% |
| STATE OF TEXAS 2.8%, due Oct 1, 2041 | 0.30% | 0.06% |
| CHICAGO ILLINOIS BOARD OF 6%, due Apr 1, 2046 | 0.16% | 0.05% |
| PENNSYLVANIA TURNPIKE COM 5%, due Dec 1, 2044 | 0.08% | 0.05% |
| WASHINGTON METROPOLITAN A 5%, due Jul 1, 2042 | 0.16% | 0.04% |
| DORMITORY AUTHORITY OF TH 5%, due Mar 15, 2051 | 0.18% | 0.04% |
| CITY OF SAN ANTONIO, TEXA 3.65%, due Feb 1, 2056 | 0.15% | 0.03% |
| TRUSTEES OF THE CALIFORNI 2.9%, due Nov 1, 2049 | 0.15% | 0.03% |
| DORMITORY AUTHORITY OF TH 5%, due Mar 15, 2039 | 0.16% | 0.03% |
| NEW JERSEY TURNPIKE AUTHO 4%, due Jan 1, 2042 | 0.04% | 0.03% |
| NEW JERSEY EDUCATIONAL FA 5%, due Jul 1, 2064 | 0.05% | 0.03% |
| STATE OF ILLINOIS 5%, due Oct 1, 2028 | 0.32% | 0.03% |
| DORMITORY AUTHORITY OF TH 5%, due Mar 15, 2048 | 0.31% | 0.03% |
| REGIONAL TRANSPORTATION D 5%, due Nov 1, 2046 | 0.06% | 0.03% |
| STATE OF CALIFORNIA 5%, due Dec 1, 2028 | 0.49% | 0.03% |
| CITY OF SAN ANTONIO, TEXA 3.15%, due Feb 1, 2055 | 0.07% | 0.02% |
| FORT BEND INDEPENDENT SCH 3.125%, due Aug 1, 2056 | 0.15% | 0.02% |
| CALIFORNIA MUNICIPAL FINA 5%, due Jun 30, 2032 | 0.53% | 0.02% |
| NEW JERSEY TRANSPORTATION, due Dec 15, 2039 | 0.29% | 0.02% |
| SALES TAX SECURITIZATION 5%, due Jan 1, 2033 | 0.02% | 0.02% |
| GOVT OF THE DISTRICT OF C 5%, due Apr 1, 2060 | 0.12% | 0.02% |
| MASSACHUSETTS DEVELOPMENT 5%, due Aug 15, 2037 | 0.26% | 0.02% |
| SOUTHERN CALIFORNIA PUBLI 5%, due Jul 1, 2053 | 0.08% | 0.02% |
| LOWER COLORADO RIVER AUTH 5%, due May 15, 2045 | 0.08% | 0.02% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · GMUB 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.